Global Antimicrobial Additives Market by types (Organic antimicrobial additives-Triclosan, Oxybisphenox Arsine (OBPA), 4,5-Dichloro-2-(N-OCTYL)-4-Isothiazolin-3-One (DCOIT) and Others/ Inorganic antimicrobial additives- Zinc, Copper, and Silver); by Application type (paints and coatings, plastic, pulp and paper, and others); by End Use (automotive, construction, food and beverages, Healthcare, packaging, and others (Personal care, Industrial, Agriculture); by Regions (North America, Asia Pacific, Europe, the Middle East & Africa and Latin America) – Global Market Insights Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025
Global Antimicrobial Additives Market to Grow at a CAGR of 7.8% by 2025
The global antimicrobial additives market is driven by the rapid growth of the healthcare products in the industry. In the global market there is a high demand for antimicrobial additives, which is fueling the growth of the antimicrobial additives in the market. The consumer awareness towards using clean and safe products is increasing which is the key factor driving the global antimicrobial additive market. Ineffective antimicrobial protection can cause infections in humans which can thereby result in deteriorating health. Food and healthcare represent the key application sectors for the uptake of antimicrobial additives, due to which they are widely used in the food and beverage industry in packaging of various food items.
Antimicrobial additives are widely used in the food and beverage industry but the excessive usage of antimicrobial in many applications leads to the phenomenon of antimicrobial resistance (AMR). Thus, the regulatory environment in many developed and developing economies challenge the growth of the global antimicrobial additives market. Inorganic antimicrobial additives accounted for major share of global antimicrobial additives market in 2016 and is expected to increase in the near future.
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Based on its applications types, the Global Antimicrobial Additives market is segmented into paints and coatings, plastic, pulp and paper, and others. Antimicrobial paints and coatings actively reduces the levels of bacteria and mold in a product, which means they are more hygienic and protected from the negative effects of microbial colonization. In terms of revenue, plastic application segment accounted as the largest application segment of antimicrobial additives market in 2016. Whereas the use of additives in the pulp and paper manufacturing process has specific purpose according to their chemical properties. The process helps food to stay fresh and good for perseverance involving the reduction in water discharge, and the recirculation and recovery of by-products.
By its end users, the global antimicrobial additives market is segmented into automotive, construction, food and beverages, Healthcare, packaging, and others (Personal care, Industrial, Agriculture). Packaging accounted as the fastest growing end-use segment for antimicrobial coatings market in 2016. The rising demand for them from various end-use industries is one of the key factors driving this global market. Agriculture is one of the new applications of antimicrobial additives usage. Newer applications within each end-user industry are further anticipated to raise the demand for antimicrobial additives. Food and beverages segment is the largest consumer of antimicrobial additives and increasing interest of manufacturers/vendors to ensure foods safety has further raised the demand for antimicrobial additives. The global antimicrobial additives market is expected to flourish at a CAGR of 7.8% during the forecast period. Whereas, packaging accounted as the fastest growing end-use segment for antimicrobial coatings market in 2016.
The latest intelligence on the Antimicrobial Additives market is available in the Global Antimicrobial Additives Market Research report. This report is a culmination of the key events from last decade to present day, and helps to formulate the best strategy catered to both established market players and new entrants.
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A bird’s eye view of the Antimicrobial Additives industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the global Antimicrobial Additives market. Furthermore, the report evaluates challenges experienced from buyers and sellers side. The report offers advice from key industry experts on how these challenges can be overcome.
A major chunk of the report talks about the technologies that are and will influence the growth of the Antimicrobial Additives market. Forecasts for these technology sectors are presented in the report. Integration is the key to advancement in technology in the global Antimicrobial Additives market. Companies that offers the latest integrated technologies at an affordable cost are expected to thrive in the Antimicrobial Additives market. The dominating technologies in the Antimicrobial Additives market along with the upcoming technologies that are expected to revolutionize the market are explained in the report
The report also elaborates on the opportunities the emerging markets of Asia Pacific and Latin America offer. Furthermore, the cost of raw materials in these nations is low, while the availability is high. This has turned the heads of several major international companies to the emerging countries of Asia Pacific.
The key companies operating in the Antimicrobial Additives market along with their revenues, market size, key business strategy, key technology strategy, and recent developments is mentioned in the report. In addition to this, valuable recommendations on the opportunities players in the market can tap on is presented in the report. This will help clients to gain a competitive edge in the Antimicrobial Additives market.