The growing market for smart devices, the miniaturization of electronic devices, and the presence of various standards guiding the safety of electrostatic discharge devices during handling and shipping drive the growth of the global electrostatic discharge (ESD) film market. North America contributes the largest share in terms of revenue in 2021, with around a third of the total market share.
Portland, OR, July 26, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the electrostatic discharge (ESD) films market generated $460.40 million in 2021 and is projected to reach $1.1 billion by 2030, with a CAGR of 9.8% from 2022 to 2030. The report provides a detailed analysis of the changing dynamics of the market, the main segments, the value chain, the key investment pockets, the regional scenario and the competitive landscape.
The growing market for smart devices, the miniaturization of electronic devices, and the presence of various standards guiding the safety of electrostatic discharge devices during handling and shipping drive the growth of the global electrostatic discharge (ESD) film market. However, lack of network infrastructure, data privacy concerns, lack of understanding, and other operational challenges and risks hamper market growth. On the other hand, the emerging trend of smaller electronic devices is expected to generate potential opportunities for the market during the forecast period.
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COVID-19 scenario:
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Nearly all component and semiconductor manufacturing facilities were closed during the COVID-19 pandemic as governments around the world imposed a lockdown, resulting in a major decline in the use of electrostatic discharge film.
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Additionally, the electrostatic discharge film market experienced a decline through 2020, as companies postponed infrastructure investments, downsized production processes, or closed operations.
The report offers detailed end-user and region segmentation based on the global Electrostatic Discharge (ESD) Films Market.
According to the end user, the consumer electronics and computer peripherals segment had the largest market share in 2021, with almost two-fifths of the total market share, and is expected to continue its leadership during the forecast period. However, the automotive industry segment is projected to record the highest CAGR of 10.4% from 2022 to 2030.
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Based on the region, North America contributes the highest share in terms of revenue in 2021, with around a third of the total market share, and is estimated to continue its dominant share by 2030. In addition, the Asia-Pacific region to manifest the fastest CAGR 10.9% during the forecast period.
Major global electrostatic discharge (ESD) film market players analyzed in the research include Smurfit Kappa Group, BASF, Desco Industries, DowDuPont, PPG Industries, TIP Corporation, Conductive Containers Inc., Elcom (UK) Ltd., Tandem Equipment Sales Inc., and Global Statclean Systems.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP headquartered in Portland, Oregon. Allied Market Research provides global companies as well as small and medium sized businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a specific vision to provide business information and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, CEO of Allied Market Research, is driving the organization to provide high-quality data and information. We maintain professional corporate relationships with various companies and this helps us extract market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecast. Each and every one of the data presented in the reports published by us is extracted through primary interviews with senior officials of the main companies of the domain in question. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry professionals and expert analysts.
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