Global ESD Foam Packaging Market: Snapshot
The global electrostatic discharge (ESD) foam packaging market is prognosticated to attract favorable growth prospects while riding on the growing adoption of internet of things (IoT) across different regions of the world. ESD foam packaging could up its demand in the foreseeable future due to the engagement of integrated circuits for the launch of novel technological products in consumer markets and implementation of IoT in consumer offerings.
Higher dimensional stability of ESD foam compared to other packaging materials for electronic equipment could be a key marker for the rising demand in the global ESD foam packaging market. Furthermore, the ability of ESD foam to be cut into any shape to seamlessly sync with that of electronic equipment is foreseen to be another factor driving the growth of the market.
The global ESD foam packaging market is envisioned to rise at a CAGR of 6.3% during the forecast timeframe 2017–2022 to reach a valuation of US$233.8 mn by the closing forecast year. In 2017, the market held a valuation of US$172.5 mn.
Electrical and Electronic Component Outpaces Other Applications with Aggressive Growth
The world ESD foam packaging market is anticipated to be classified according to three categories, viz. application, material and additive, and end-use industry. On the basis of application, the market could be segmented into electrical and electronic component and others. As per the report, the star performer among the application segments could be electrical and electronic component with a US$217.8 mn revenue predicted to be earned by 2022 end. The annual absolute growth exhibited by this segment could be larger than that of any other in the application category.
In terms of material and additive type, the world ESD foam packaging market is projected to be segmented into conductive and dissipative polymer, metal, and additive. By end-use industry, there could be crucial segments taking shape in the market, such as aerospace, manufacturing, defense and military, automobile, electrical and electronics, and other end-use industries.
APEJ Ranks Higher and Continues Dominance with Larger Revenue Earning
With respect to regional segmentation, the international ESD foam packaging market is prophesied to observe the domination of Asia Pacific except Japan (APEJ), which could be valued at a US$105.8 mn by the end of the forecast period. This region could also be counted among the most attractive ones for years to come. North America and Europe are also forecast to showcase a strong revenue growth in the near future. The former could expand at a CAGR of 6.7% while the latter is expected to gain 47 basis points (BPS) between 2017 and 2022.
However, the Middle East and Africa (MEA) and Japan could embrace a slower growth pace during the course of the forecast period. The MEA is envisaged to create an absolute revenue prospect of US$3.9 mn by 2022 over 2017. Japan could be valued at an only US$17.4 mn by the end of 2022.
Some of the important companies operating in the worldwide ESD foam packaging market could be Statclean Technology (S) Pte Ltd., Electrotek Static Controls Pvt. Ltd., Helios Packaging, Conductive Containers, Inc., Botron Company, Inc., GWP Group Limited, Elcom U.K. Ltd., Tekins Limited, and Nefab AB.
Global ESD Foam Packaging Market: Overview
The global electrostatic discharge (ESD) foam packaging market is prophesied to find growth opportunities on the back of the rising demand for smart devices such as smartphones and miniaturization of electronic devices. The demand for ESD foam packaging could be positively impacted by the betterment of information and communication technology (ICT) infrastructure and surging trend of internet of things (IoT). ESD foam packaging is primarily used to avoid damage to electronic equipment and their sensitive parts due to the static current generated through their interaction with packaging material.
In this report, the authors provide a detailed study of the global ESD foam packaging market with a view to help readers gain a sound understanding of key trends and opportunities, regional outlook, and important projections. Moreover, the report offers an encyclopedic evaluation of the market’s competitive landscape so as to devise reliable strategies beforehand.
Global ESD Foam Packaging Market: Dynamics
ESD foam packaging materials are predicted to gain a telling impetus due to their niche applications such as protecting electrostatic sensitive devices. ESD foam could be used as cushioning products such as antistatic bubble wrap, conductive foam, and antistatic foam. It could be accompanied with sheeting roll stocks or safe tubing for creating protective wall partitions and covers.
The world ESD foam packaging market could face a challenge in the form of stringent regulations for certain materials. However, the market is prognosticated to receive momentum from the growing adoption of technology in the automobile sector and high-speed innovation.
Global ESD Foam Packaging Market: Segmentation
The international ESD foam packaging market is envisaged to be segmented into electrical and electronic component and others as per type of application. According to the analysis of the report, the electrical and electronic component segment could gather a massive share in the market by the end of the forecast period. In 2017, it secured a share of 93.5%. On an annual basis, it is anticipated to grow at a US$11.3 mn, which could be a greater absolute growth than that of all other segments under the same category.
In terms of material and additive type, the international ESD foam packaging market is envisioned to be classified into conductive and dissipative polymer, metal, and additive. By end-use industry, the market could see a classification into several segments such as electrical and electronics, automobile, defense and military, manufacturing, aerospace, and other end-use industries.
Geographically, the international ESD foam packaging market could include dominating regions such as Asia Pacific except Japan (APEJ), which is expected to rise at a 5.8% CAGR. Japan and the Middle East and Africa (MEA) could entertain a weak growth in the coming years. However, there could be opportunities prevailing in Europe and North America, while Latin America could be another regional segment of the market.
Global ESD Foam Packaging Market: Competition
The worldwide ESD foam packaging market could include top players such as Nefab AB, Tekins Limited, Elcom U.K. Ltd., GWP Group Limited, Botron Company, Inc., Conductive Containers, Inc., Helios Packaging, Electrotek Static Controls Pvt. Ltd., and Statclean Technology (S) Pte Ltd.