Global Antimicrobial Additives Market is Projected to Grow at a CARG of 6.7% by 2027

From USD 3.8 billion in 2021, the Global antimicrobial additives market size will reach USD 5.9 billion by 2027. It will exhibit a 6.7% CAGR during the forecast period. Antimicrobial additives or agents are chemical compounds used in certain concentrations to prevent the growth of fungi, bacteria, and algae in materials when exposed to high levels of moisture, ultraviolet radiation, or unclean circumstances. These additives have recently garnered a lot of momentum among product manufactures as a way to increase hygiene standards and product durability.

The increased number of fast-food industries, increasing geriatric population, rising demand from paper packaging and chemical industry, several environmental regulations, and increased market demand from developing countries, Nevertheless, technology launches, R&D activities, M&A are the major strategies adopted by the industry players in the global antimicrobial additives market.

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The COVID-19 pandemic positively affected the market growth of the global antimicrobial additives market owing to their ability to reduce COVID-19 virus. Moreover, several industry players are developing breakthrough antimicrobial additives that are widely used in protective gear, masks, and other products.

Global advanced analytics market Segment Analysis
This section of the report provides a comprehensive analysis of segments and sub-segments and offers insight into the leading segment and anticipates segments having the fastest growth.

The Global antimicrobial additives market is segregated based on:

By Type
• Inorganic Antimicrobial Additives
• Organic Antimicrobial Additives

By Application
• Plastic
• Paints & Coatings
• Pulp & Paper
• Ceramics
• Others

By End Use
• Healthcare Industry
• Packaging Industry
• Food & Beverage Industry
• Building & Construction Industry
• Automotive Industry
• Textile Industry
• Consumer Goods Industry
• Others

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Competitor Landscape

Key advancements in the Global antimicrobial additives industry, as well as organic and inorganic growth approaches, are covered in the research. A number of companies are prioritising new launches, product approvals, and other organic growth tactics such as patents and events. Inorganic growth strategies in the market included acquisitions, partnerships, and collaborations. These efforts have paved the road for industry players to expand their business and client base. The industry players in the inspection management software market are expected to benefit from attractive growth prospects in the future. A list of a few businesses involved in the Global antimicrobial additives market are provided below:

• BASF SE
• DuPont De Nemours
• Microban International
• SANITIZED AG
• LyondellBasell Industries Holdings B.V.
• Avient Corporation
• BioCote Limited
• Milliken Chemical
• Clariant
• Polygiene AB.

FAQ
• What are some of the key and distinguishing competencies of entrants and established firms in the industry we're looking at?
• Name some of the prominent industry players in the Report?
• What is the current market and market volume of the Global antimicrobial additives market?
• What are the segments defined in the report?

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