Global Antimicrobial Additive Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global antimicrobial additive market in its upcoming report titled, “Global Antimicrobial Additive Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global antimicrobial additive market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global antimicrobial additive market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global antimicrobial additive market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global antimicrobial additive market report has been segmented on the basis of type, application, end user industry, and region.
Antimicrobial additive is a specific solution which is infused into a product at the time of manufacturing and has the ability to kill microorganisms such as microbes, protozoans, bacteria and fungi or inhibit their growth throughout the useful life of the product. Antimicrobial additives can be added in the manufacturing of wide range of materials such as plastics, paints, coatings, textiles, paper, ceramics and rubber. Antimicrobial additives inhibit the growth of microbes in the materials, thus enhancing the quality and performance of the end products.
Availability of features such as non-toxicity, sustainability, flammability, environmental friendliness, and high thermal stability of antimicrobial additives is a key factor expected to support growth of the global antimicrobial additives market. Improved standard of living of people and rising demand for packed food products are other factors driving growth of the global antimicrobial additives market. In addition, increasing adoption of antimicrobial additives from end user industries such as healthcare, food and beverages, packaging, etc. is another factor expected to fuel growth of the global antimicrobial additive market.
However, stringent government regulations related to use of antimicrobial in animal feed additives and high cost of raw material used in production of antimicrobial additives are major factors restraining growth of the global antimicrobial additives market.
Advancements such as use of antifungal protection to preserve flexible polyvinyl chloride (PVC) is expected to present new opportunities to market players operating in the global antimicrobial additives market over the forecast period.
North America market is a dominant player in the global antimicrobial additive market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed application segment such as plastic, paints, paper, etc., and presence of antimicrobial additive manufacturers in the region. Europe market accounts for the second largest revenue share contribution to the global antimicrobial additive market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increasing number of industrial activities requiring antimicrobial additives in emerging economies in this region.
Global Antimicrobial Additive Market Segmentation:
Global antimicrobial additives market segmentation by type:
- Inorganic antimicrobial additives
- Organic antimicrobial additives
Global antimicrobial additives market segmentation by application:
- Paints & coatings
- Pulp & Paper
Global antimicrobial additives market segmentation by end user industry:
- Food & Beverage
Global antimicrobial additives market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Schulman, Inc.
- BASF SE
- Biocote Limited
- Clariant AG
- King Plastic Corporation
- Microban International, Ltd.
- Milliken Chemical Company
- Polyone Corporation
- Sanitized AG
- The DOW Chemical Company
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