As per this study the Global Antimicrobial Additives Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Antimicrobial additives are designed for plastic masterbatch manufacturing process, where it is added to resist, inhibit and prevent the growth of microorganisms throughout the life of the product. Microorganisms include microbes, protozoans, bacteria, and fungi such as mold and mildew. After infusion, antimicrobial additives make the product more hygienic by minimizing the potential for cross-contamination and extends the product’s lifetime.
The increasing demand from various end-use industries such as healthcare, packaging, and food and beverage is driving market growth. Also, the high prevalence of diseases coupled with the growing geriatric population is fuelling the market growth. Additionally, the availability of an array of organic and inorganic antimicrobial additives in F&B, healthcare, and textile is again boosting market growth. On the other hand, health issues associated with antimicrobial additives may hamper market growth. Whereas, technological advancements such as nanotechnology are expected to offer the opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of antimicrobial additives.
The broad antimicrobial additives market has been sub-grouped into type, application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Paints & Coatings
- Pulp & Paper
- Food & Beverages
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for antimicrobial additives in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Antimicrobial Additives Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the antimicrobial additives market includes A. Schulman, Inc., Akzo Nobel N.V., BASF SE, BioCote Limited, Clariant AG, Life Materials Technologies Limited, Microban International, Milliken Chemical, Momentive PerTypeance Materials Inc., NanoBioMatters Industries S.L., Plastics Color Corporation, RTP Company, Sanitized AG, SteriTouch Limited and The Dow Chemical Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.