The Global Electrostatic Discharge (ESD) Films Market Anticipated to Generate a Revenue of $1,062.5 Million Growing at a CAGR of 9.8% from 2022 to 2030Download Sample Reports Overview
The global electrostatic discharge (ESD) films market is estimated to be valued at $1,062.5 million by 2030, surging from $460.4 million in 2021, at a noteworthy CAGR of 9.8%.
Impact Analysis of COVID-19 on the Electrostatic Discharge (ESD) Films Market
The unexpected outbreak of coronavirus has had a negative impact on the global market for electrostatic discharge (ESD) films. The semiconductor, electronic components, and instruments that are good conductors of electricity are the primary applications of ESD films. Many manufacturing plants have been closed as a result of the covid-19 pandemic, reducing demand for ESD films.
According to the analysis, the demand for ESD films is expected to rise following the pandemic.
Global Electrostatic Discharge (ESD) Films Market Analysis
In the forecast period, the growing demand for high safety of electronic components and devices packed in ESD films is expected to be the major driving factor for the global electrostatic discharge (ESD) films market. ESD films also have a high reliability against electronic components and limit the flow of electrostatic charges between electronic devices. These are the major factors driving the global ESD films market. The global electrostatic discharge films market involves use of materials to safeguard electrostatic discharge-sensitive devices. Electrostatic discharge (ESD) films are an important solution for storing electronic components like semiconductor materials and circuit boards (PCBs). It also contributes to the safe movement of these digital equipment. ESD properties in relation to wrapping include opposition to antistatic charging (tribocharging), start charging dissipation, and electric charge shielding.
Electrostatic discharge films are very thin and can be easily torn, which can disrupt the flow of electrostatic discharge. These factors are expected to have a negative impact on the global electrostatic discharge (ESD) films market during the forecast period.
The rising import and export of semiconductors across the globe and industries is increasing demand for ESD films, which is expected to rise further in the near future. Furthermore, the growing demand for electric vehicles is expected to create more opportunities for growth in the ESD films market. The majority of companies' increased investments in biodegradable electrostatic discharge films are expected to create more investment opportunities for the global ESD films market. Biodegradable packages are less expensive and light in weight, but they are still in the experimental stage and will take time to gain market acceptance. EcoCortec, based in Croatia, for example, announced the world's first biodegradable and compostable static-dissipative film in 2021.
Global Electrostatic Discharge (ESD) Films Market, Segmentation
The global electrostatic discharge (ESD) films market is segmented based on end-user and region.
The end-user segment is further categorized into network & telecommunication industry, consumer electronics & computer peripheral, automotive industry, military & defense, healthcare, aerospace, and others. Automotive industry sub-segment is projected to have the maximum growth rate over the forecast period and reach $132.2 million by 2030, growing at a CAGR of 10.4% in the forecast period. The ESD films are widely used in automotive industry to transport automotive products and components from one place to another. Additionally, growing necessity for ESD films in the automotive segments is anticipated to drive the ESD films market in the near future.
Asia-Pacific region market is predicted to have the highest CAGR in the forecast period and reach $273.9 million by 2030, growing at a CAGR of 10.9% in the analysis period. Asia-Pacific market is considered as one of the largest markets for ESD films market. Moreover, the giant manufacturing companies are moving towards Asia-Pacific region in order to setup their manufacturing plants in this region. This is majorly due to the low labor cost and availability of the skilled labor across the region, which is predicted to be the major driving factor for the region market in the analysis period.
Key Players in the Global Electrostatic Discharge (ESD) Films Market
Some of the leading global electrostatic discharge (ESD) films market players are
- Smurfit Kappa Group
- Desco Industries
- PPG Industries
- TIP Corporation
- Conductive Containers Inc.
- Elcom (UK) Ltd.
- Tandem Equipment Sales Inc.
- Global STATCLEAN SYSTEMS