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U.S. ESD Market to Reach $1.5 Billion by 2009, Says BCC
September 2, 2004 |Estimated reading time: 1 minute
Norwalk, Conn. — According to a soon-to-be-released updated report from Business Communications Co. Inc., RP-099U The Maturing ESD Market: Challenges and Opportunities for the Future, the U.S. market for ESD products, worth an estimated $881.7 million in 2003, is projected to reach $986.1 million in 2004 and $1.5 billion by 2009, an average annual growth rate (AAGR) of 8.3 percent between 2004 and 2009.
Packaging is projected to have the highest AAGR of any segment over the next five years (10.9 percent), with the market rising to $463 million in 2009, followed by static control polymers (9.2 percent) to $373 million. Segments that are projected to grow more slowly than the market as a whole include furniture (7 percent), flooring (6.8 percent) instruments (6.5 percent) and apparel (4.6 percent).
As a result, packaging's market share is projected to climb from 28.3 percent in 2003 to 31.4 percent in 2009, and polymers will rise from 25 to 25.3 percent. Apparel, on the other hand, is expected to lose market share (from 13 to 10.2 percent), as are flooring (from 11.6 to 10.3 percent) and instruments (from 7.4 to 6.4 percent).
The ESD industry is not monolithic, but highly fragmented. Most manufacturers are not dedicated to ESD products and frequently ESD goods represent a relatively small percentage of a business. Given this fragmentation, it is not surprising to find that markets for some ESD products are growing much faster than others.
For more information on Business Communications Co. Inc. or this report, visit www.bccresearch.com.