Antimicrobial Additives Market Size 2022-2027 | Industry Overview, Share, Trends and Forecast

November 04 18:15 2022
Antimicrobial Additives Market Size 2022-2027 | Industry Overview, Share, Trends and Forecast
Antimicrobial Additives Market Forecast 2022-2027
The global antimicrobial additives market size reached US$ 4.96 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.84 Billion by 2027 exhibiting a growth rate (CAGR) of 7.35% during 2022-2027

Antimicrobial Additives Market Overview

The latest research study “Antimicrobial Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global antimicrobial additives market size reached US$ 4.96 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.84 Billion by 2027 exhibiting a growth rate (CAGR) of 7.35% during 2022-2027.

Covid-19 Impact Analysis:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What is Antimicrobial Additives ?

Antimicrobial additives represent active agents that, when utilized in the processing of a product, will prevent the growth of harmful microbes, including yeast, algae, mold, and mildew. They can be categorized into organic and inorganic product variants. These antimicrobial additives provide improved dimensional and chemical stability and resistance to heat. They aid in preventing discoloration, unpleasant odors, and polymer degradation issues.

Consequently, antimicrobial additives find extensive applications across numerous sectors, such as construction, automobile, textiles, food and beverage (F&B), paints and coatings, healthcare, etc.

What are the key factors driving the global antimicrobial additives market ?

The increasing number of hospitals across countries and the escalating need to offer adequate protection against healthcare-associated infections (HAIs) are among the key factors driving the antimicrobial additives market.

Besides this, the expanding construction industry and the elevating usage of the product in the pipes, roofing materials, windows, insulation, flooring, etc., are also positively influencing the global market. Moreover, the emerging trend of packaged and ready-to-eat food items and the rising utilization of additives to inactivate microbial development in them and enhance their shelf life are acting as significant growth-inducing factors.

Additionally, the growing demand for non-toxic plastics that ensure high antimicrobial activity, durability, transparency, etc., is expected to propel the antimicrobial additives market in the coming years.

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Antimicrobial Additives Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 4.96 Billion

Market forecast in 2027

US$ 7.84 Billion

Growth Rate

CAGR of 7.35% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product type, Application and End use vertical

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Key companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report 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

By Geography:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

The major players in the market are

  • Avient Corporation (NYSE: AVNT)
  •  BioCote Ltd
  •  Chroma Color Corporation
  •  Dow Inc. (NYSE: DOW)
  •  King Plastic Corporation
  •  Life Material Technologies Limited
  •  LyondellBasell Industries Holdings B.V. (NYSE: LYB)
  •  Microban International Ltd.
  •  Milliken Chemical Company (Milliken & Company)
  •  Sanitized AG.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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