Anti Static Oil Market

According to Stratistics MRC, the Global Anti-Static Oil Market is accounted for $475.96 million in 2022 and is expected to reach $648.84 million by 2028 growing at a CAGR of 5.2% during the forecast period. Anti-static oil is be made by adding additives to emulsifiable oils, such as synthetic, vegetable and mineral oils that have been added to make them emulsifiable and give them anti-static qualities. It serves to keep electronic equipment from becoming overcharged with static electricity. It offers advantages such as superior wetting qualities, decreased volatility, great water dispensability, and finished yarns and fabrics that are stain-free. Fabrics, adhesives, paints & coatings, printing inks, electrical equipment and lubricants are a few examples of products that employ anti-static oil.

According to the reports by Powerloom Industry and Exports of India, there are about 3.9 million handlooms and 1.8 million power looms in India and employing nearly 51 million people.



Market Dynamics:

Driver:

Growing adoption of bio-based and synthetic lubricants

Bio-based lubricants help alleviate worries about environmental degradation. They biodegrade quickly and effectively. It is substantially less harmful. During the texturing stage, anti-static textile oil is applied to synthetic yarn. The process of texturing turns the POY supply yarn into DTY, creating a beautiful and distinctive final product. The yarn gains a pleasing handle and gains greater flexibility and heat retention which is accelerating the market growth.

Restraint:

Strict regulations

Anti-static oil is very combustible to use. OSHA and other regulatory authorities impose strict rules surrounding the health and safety of employees. It is important to regularly examine the static pressure drop at the exhaust ducts that go from the equipment. The regulatory organization’s instructions should be followed by all applicants who use antistatic oil. The rigid regulations and procedures are impeding the market expansion.

Opportunity:

Increasing demand from weaving

Weaving is the method for producing cloth on a machine with a power loom. The main loom motions are often repeated throughout weaving. In power-operated looms, anti-static oil is utilized. When making textiles, anti-static oil is applied to yarn on looms to lubricate and smooth out the hairiness of the yarn and get rid of static electricity. Its aspects, comprising decreased friction, improved loom efficiency and rising weaving demand during the projected period are boosting the market demand.

Threat:

Fluctuating price rates

Huge price swings for crude oil have been recognized as a major issue for the anti-static oil market. Some of the main factors influencing oil price volatility are demand and supply, natural disasters, production costs, and political unrest. Both the textile and automobile industries use anti-static oil extensively. These pricing fluctuations have a significant impact on both the market and the end customers.

Covid-19 Impact

The price and trade of antistatic oil have been drastically altered by COVID-19. The enactment of lockdown had an impact on production and delayed all industries. The textile sector makes the largest use of antistatic oil. The pandemic restrictions halted the flow of raw materials and decreased export and import orders. The market was greatly affected by all of these factors.

The 95% purity segment is expected to be the largest during the forecast period

The 95% purity segment is estimated to have a lucrative growth. It is a high concentration of purified mineral oil. 95% of all contaminants were eliminated throughout the manufacturing process. It is used to create anti-static oils for cooling systems, air purifiers, and other electrical equipment which require oil with minimal friction and no ionization or charge. Additionally, it acts as a lubricant for plastic parts that are susceptible to damage from friction caused by dust and other particles when used at high temperatures.

The textile industry segment is expected to have the highest CAGR during the forecast period

The textile industry segment is anticipated to witness the fastest CAGR growth during the forecast period attributed to the increased production and consumption of synthetic and artificial fibers. The most extensive anti static oil application was in the textile sector. When making yarn, they reduce friction between metal and yarn and give the desired lubricity and antistatic protection to different types of fibers. It offers stain-free yarns and fabric which is helping the market flourish.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. The region is anticipated to have substantial growth as a result of rising product demand from the textile, automotive, and other sectors. Additionally, it is predicted that increased worker awareness of health and safety issues and strict OSHA and other regulatory bodies’ regulations might boost demand for the product.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period. The market is fiercely competitive, with several major businesses controlling it. These businesses are making significant research and development investments in order to create cutting-edge anti-static oils that can adapt to the changing demands of the market. A number of measures launched by the European Commission to lessen workplace static charge exposure for employees are anticipated to boost market expansion.



Key players in the market

Some of the key players profiled in the Anti-Static Oil Market include Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited, Witmans Group, Hansen & Rosenthal Group, Ricci SpA, Unicon Fibro Chemicals Pvt Ltd, Panama Petrochem Ltd, ExxonMobil, Total SA, Fuchs Group, Transfar Chemicals, Takemoto Oil & Fat Co. Ltd and Shell PLC.

Key Developments:

In March 2023, Hindustan Petroleum Corporation Ltd (HPCL) has signed a pact with Bharat Petroleum Corporation Ltd (BPCL) for synergy in purchase and sale of hydrogen between the refineries the two firms operate in Mumbai. The strategic partnership between two oil marketing companies is part of synergy for "mutual aid during emergencies and towards environmental impact by minimizing valuable hydrogen flaring.

In September 2022, Hansen & Rosenthal Group inaugurated the new Power-to-Liquid (PtL) demonstration plant at the production site of Ölwerke Schindler GmbH. The process facilities will be used to produce synthesis-based alternatives to fossil raw materials. The demonstration project is one of the world's first PtL concepts on a technical scale, supplying so-called eFuels as well as synthetic raw waxes.

In July 2022, Indian Oil Corporation Limited Announced Its Partnership With Novac Technology Solutions to offer its employees a robust learning ecosystem through Novac’s digital learning vertical ‘Novac Learning’.

Types Covered:
• 90% Purity
• 95% Purity
• 99% Purity

Applications Covered:
• Textile Industry
• Automotive Industry
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances