Antimicrobial Additives Market: Global Industry Analysis, Size, Trends, Growth, Forecast 2019 - 2029
Antimicrobial Additives Market: Global Industry Analysis, Size, Trends, Growth, Forecast 2019 - 2029
Report Digest
Global Antimicrobial Additives Market: Overview
Antimicrobial additives enhance the performance of a surface by bringing about biocide treatment. Often introduced onto a surface during the manufacturing process, these can be converted into a concentrated powder, liquid suspension or masterbatch pellet depending on the target material and manufacturing process. Once added to a substance, an antimicrobial additive helps in minimizing the chances of contamination, extending product’s functional lifetime. Antimicrobial additives find application in extending the life of antimicrobial preparations across a number of varied industry verticals.
As per TMR Research, over the period of 2019 to 2029, the global antimicrobial additives market will grow at a moderate growth rate, leading to higher valuation at the end of the stated period. Some of the factors that will have a positive influence on the market are availability of varied choices in both organic and inorganic category and increased demand arising from textile, healthcare and food and beverages industries.
Global Antimicrobial Additives Market: Competitive Landscape
The antimicrobial additives market is fragmented. Presence of a large number of players marks its vendor landscape. Varied measures are opted for by these players to chart growth. These range from key alliances to product improvement. Some of the key players in the antimicrobial additives market include:
- NanoBioMatters Industries S.L
- BASF SE
- RTP Company
- Milliken Chemical
- BioCote Limited
- Microban International
- Clariant AG
- PolyOne Corporation
- Momentive Performance Materials Inc.
- Life Materials Technologies Limited
- SteriTouch Limited
- Sanitized AG
- Dow Inc.
- LyondellBasell Industries Holdings B.V.
- Plastics Color Corporation
- Lonza
Global Antimicrobial Additives Market: Key Trends and Drivers
- The market growth of the Antimicrobial Additives Market is primarily triggered by growing consumer awareness about infections among a growing population. Factors such as an increasing awareness about health-related issues and growth of end-use industries are also expected to drive an upward growth curve for the antimicrobial additives market during the forecast period.
- A lot of attention in the last 20 years has focused on the environmental impact of using biocides, leading to the emergence of new legislation that restricts the use to certain extent. Some additives are no longer allowed, as is the case with phenylmercurials, while others have been subject to restrictive use, such as aromatic and halogenated derivatives. New eco-friendly materials are due to be developed to control and prevent microbial contamination to counteract the negative influence of the restraint.
Global Antimicrobial Additives Market: Regional Analysis
Asia Pacific is estimated to retain its leading position over the forecast period, expanding at a fast growth rate in the global antimicrobial additives market. The market is driven by the growth of some major end-use industries, such as automotive, healthcare, construction, food and beverage, and packaging.
Moreover, a robust manufacturing base of the automotive industry in China, Japan, and India coupled with increased sales of passenger vehicles is anticipated to augment market growth in APAC. In addition, favorable policies such as Foreign Direct Investments (FDI) and Make in India initiative, implemented by the Indian government, are expected to create ample growth opportunities for the automobile industry, increasing demand for Antimicrobial Additives.
Industrial expansion in the region is also anticipated to augment the product demand. A growing construction industry in the emerging economies of the region and increased infrastructure spending by various governments are also expected to drive the regional market.
Antimicrobial Additives Market, by Type:
- Inorganic Antimicrobial additives
- Silver
- Copper
- Zinc
- Organic Antimicrobial additives
- Oxybisphenox Arsine (OBPA)
- 4,5-Dichloro-2-(N-OCTYL)-4-Isothiazolin-3-One (DCOIT)
- Triclosan
- Others
Antimicrobial Additives Market, by Application:
- Plastic
- Paints & Coatings
- Pulp & Paper
- Others
Antimicrobial Additives Market, by End-use Industry:
- Healthcare
- Packaging
- Food & Beverage
- Construction
- Automotive
- Others (agriculture, electronic goods, personal care, and industrial)
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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