Global Antimicrobial Ingredients Market: Demand for Dry-Form Antimicrobial Ingredients Higher than Liquid Variants
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According to the research report, the global demand for antimicrobial ingredients is likely to remain concentrated in the cosmetics industry. In the cosmetics industry, antimicrobial ingredients are used for a range of purposes, but most importantly, they are used for boosting the safety aspects of the product, and improving the product efficiency. The use of antimicrobial ingredients increases the shelf life of the products, and account of these factors, their demand is likely to witness steady increase during the assessment period.
The research report offers holistic insights and analysis on the global antimicrobial ingredients market, and segments the market on the basis of various factors. According to the research report, among the various types of antimicrobial ingredients, demand for antibacterial ingredients is likely to remain resurgent throughout the assessment period. The use of antibacterial products in the cosmetic industry will continue to open new avenues of growth for market participants. In addition to antibacterial ingredients, demand for antifungal and anti-parasitic ingredients is also projected to witness an increase during the assessment period.
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Among the various types of cosmetics products where antimicrobial ingredients are used, their demand is robust in the skin care segment. Manufacturers in the skin care segment are taking extra care in ensuring that their products do not cause any side effects to consumers. The use of additives and ingredients that boost the shelf life of the skin care products has witnessed an increase due to this. It is expected that demand for antimicrobial ingredients will remain the highest in the skin care industry.
On the basis of form, the demand for dry form antimicrobials will remain higher than liquid variants owing to the limitations of the latter. The dry form antimicrobial ingredients are likely to witness steady growth, and account for over 66% volume share of the market. The dry form antimicrobial ingredients are cost-effective as compared to the liquid variants, and this is a key factor that is fuelling the demand for these products.
Some of the key companies operating in the market include BASF SE, Ashland Global Holdings Inc., Lonza Group Ltd., Croda International Plc., The Dow Chemical Company, Clariant AG, Akzo Nobel N.V., Solvay SA, Evonik Industries AG, and Wacker Chemie AG
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