IMARC Group, a leading market research company, has recently releases report titled “Antimicrobial Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global antimicrobial additives market share, growth, share, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Antimicrobial Additives?
Antimicrobial additives are specialized chemical substances that are integrated into various products to inhibit the growth and spread of microorganisms, such as bacteria, fungi, and viruses. They work by disrupting the cellular structure of these harmful pathogens and ensuring a hygienic environment. Besides this, they aid in maintaining cleaner and safer surroundings among individuals. As they assist in promoting health and hygiene in various sectors, the demand for antimicrobial additives is rising across the globe.
How Big Is the Antimicrobial Additives Market?
The global antimicrobial additives market size reached US$ 5.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.26% during 2023-2028.
Global Industry Trends and Drivers:
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At present, the increasing adoption of antimicrobial additives in the healthcare industry in medical devices, hospital equipment, and surface coatings to minimize the transmission of healthcare-associated infections among individuals represents one of the key factors impelling the growth of the market. Additionally, the rising employment of antimicrobial additives in the food and beverage industry in custom packaging materials to ensure extended product shelf life and reduce the risk of foodborne illnesses is bolstering the growth of the market. Besides this, the growing adoption of antimicrobial additives due to the rising demand for germ-free and pathogen-resistant products is offering a positive market outlook. Moreover, the increasing consumer awareness about hygiene and wellness is offering lucrative growth opportunities to industry investors. Apart from this, the growing preference for eco-friendly and sustainable antimicrobial additives that are not harmful is positively influencing the market.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Product Type:
Inorganic Antimicrobial Additives
Organic Antimicrobial Additives
Breakup by Application:
Plastic
Paints and Coatings
Pulp and Paper
Others
Breakup by End Use Vertical:
Construction
Automotive
Healthcare
Food and Beverage
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
Avient Corporation, BioCote Ltd, Chroma Color Corporation, Dow Inc., King Plastic Corporation, Life Material Technologies Limited, LyondellBasell Industries Holdings B.V., Microban International Ltd., Milliken Chemical Company (Milliken Company) and Sanitized AG.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
