As per Future Market Insights (FMI), the global antimicrobial additives market value is expected to rise from $9,615.5 million in 2023 to $20,809.5 million by 2033.Over the next ten years, global sales of antimicrobial additives are predicted to expand at an 8.0% CAGR.
The global market is being driven by the increasing usage of antimicrobial compounds in the food and beverage sectors. As a result, the market will be driven by growing use of antimicrobial-protected products for reducing infection risk and improving safety.
Antimicrobial compounds have become critical solutions for suppressing microorganism development. They increase the shelf life of items and lower the danger of disease transmission. As a result, they are increasingly being employed in consumer products such as apparel, packaged food, and so on.
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Increasing usage in industries like as healthcare, food and beverages, automotive, and electronics is expected to drive antimicrobial demand throughout the assessment period.
Antimicrobial additives are used in the healthcare industry to maintain a sterile environment in hospitals. They are used to minimize the transmission of infections in a variety of medical equipment such as ventilators, examination tables, and hospital beds.
Rising demand for medical devices containing antimicrobial substances will bolster sales in the global market through 2033.
Regionally, North America remains the leading consumer of antimicrobial additives owing to the high demand for safe consumer items and rising awareness & consumer preference for antimicrobial products.
Prominent manufacturers of antimicrobial additives are focusing on expanding their customer based and footprints by acquired local players and launching new innovative products. They are investing rigorously in research and development to meet the regulatory standards and find newer applications for the same.
Key Takeaways from the Antimicrobial Additives Market Report
- The global market of antimicrobial additives is projected to expand at 0% CAGR between 2023 and 2033.
- By product type, the inorganic segment is expected to remain a prominent segment accounting for over 60% of the overall market.
- By application, hygiene chemicals segment is expected to account for around one-fourth of the global antimicrobial additives consumption.
- The United States antimicrobial additives market is poised to thrive at 4% CAGR through 2033.
- Antimicrobial additive demand in China is forecast to increase at 6% CAGR from 2023 to 2033.
“The market for antimicrobial additives has the potential for significant growth because there is an increasing demand for products that are capable of self-cleaning and can prevent the spread of harmful microorganisms. This in turn will create a plethora of opportunities for antimicrobial additive manufacturers.” – says a lead analyst at FMI
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Competitive Landscape
The global antimicrobial additives market is moderately consolidated with key players holding around 33% to 38% of the market share. BASF SE, Lanxess AG, DuPont de Nemours, Inc., Ecolab, Inc., Solvay S.A., and others are the leading antimicrobial additive manufacturers profiled in the comprehensive version of the report.
Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. They are also investing significantly in acquisitions to curb their competition. For instance,
- In 2022, to strengthen its antimicrobial additives portfolio, Polygiene acquired the SteriTouch business of Radical Materials.
Top Key Player In the Global Market
- BASF SE
- Solvay S.A.
- Ecolab Inc.
- Lanxess AG
- Clariant AG
- Evonik Industries AG
- Huntsmann Corporation
- DuPont de Nemours, Inc.
- Ashland Inc.
- Aviant Corporation
- Sanitized AG
- Croda International Plc.
- Addmaster Limited
- Microban International
- RTP Company
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Key Segmentation
By Product Type:
- Organic
- Inorganic
By Form:
- Liquid
- Powder
- Masterbatch Pellet
By Application:
- Hygiene Chemicals
- Packaging
- Personal Care and Cosmetics
- Consumer Electronics, Durables & Appliances
- Commercial and Household Products
- Textile and Fabrics
- Toys & Stationery
- Paints, Coatings and Inks
- Medical Devices (Healthcare Equipment)
- Transportation
- High Touch Surfaces (Handles/Locks/Countertops)
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Russia and Belarus
- Balkan and Baltic Countries
- Central Asia
- East Asia
- South Asia and Pacific
- Middle East and Africa
About Future Market Insights (FMI) – Chemicals and Materials
The Chemicals and Materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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