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Antimicrobial Additives Market worth $9.14 billion by 2030, growing at a CAGR of 7.11% - Exclusive Report by 360iResearch
Antimicrobial Additives Market | 360iResearch
The Global Antimicrobial Additives Market to grow from USD 5.65 billion in 2023 to USD 9.14 billion by 2030, at a CAGR of 7.11%.
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Antimicrobial additives are substances added to materials or products to inhibit the growth of microorganisms, such as bacteria and fungi, and protect against microbial contamination by preventing the spread of germs, mold, and mildew growth. Antimicrobial additives have become increasingly popular due to their ability to lower the risk of infection and improve product performance. Rising food industry standards and regulations have played a role, as antimicrobial additives are used to regulate the growth of microorganisms, improve storage times, and prevent food spoilage. Elevated consumer awareness and demand for products with enhanced safety and hygiene characteristics drive the demand for antimicrobial additives. However, fluctuating raw material prices significantly impede the utilization of antimicrobial additives. In addition, the emergence of organic and advanced antimicrobial additives and nanomaterials-based antimicrobial additives in the paints & coatings sector is expected to create tremendous opportunities for market development.
In the Americas, particularly in the United States and Canada, there is a strong emphasis on health and hygiene in various industries, including healthcare, food & beverages, and construction, creating a need for antimicrobial additives. The manufacturing sector in the Americas is characterized by chemical and material companies investing in research and development to advance antimicrobial technology. Asia-Pacific, with emerging economies such as China and India, has witnessed rapid industrial growth and increased demand for antimicrobial additives, particularly for use in consumer products, electronics, and packaging. APAC is a hub for raw material production with the availability of manufacturing facilities and is poised to grow in its production capabilities of antimicrobial additives. Strict regulations in Europe regarding the use of antimicrobial additives have shaped their use in the region. The strong focus on environmentally friendly and sustainable additives and various laws influence the types of antimicrobial products permitted in the market. European manufacturers focus on sustainable production processes and are at the forefront of developing natural and non-toxic antimicrobial additives for various industries.
Market Segmentation & Coverage:
This research report categorizes the Antimicrobial Additives Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Inorganic and Organic. The Inorganic is further studied across Copper, Silver, and Zinc. The Organic is further studied across 4,5-Dichloro-2-(N-Octyl)-4-Isothiazolin-3-One (Dcoit), Oxybisphenox Arsine, and Triclosan. The Inorganic commanded largest market share of 66.72% in 2023, followed by Organic.
Based on Application, market is studied across Fabric, Paints & Coatings, Plastic, Pulp & Paper, and Silicon & Rubber. The Plastic commanded largest market share of 24.42% in 2023, followed by Paints & Coatings.
Based on End-User, market is studied across Automotive, Construction, Food & Beverage, Healthcare, and Packaging. The Healthcare commanded largest market share of 26.23% in 2023, followed by Packaging.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New Jersey, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.31% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Antimicrobial Additives Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Antimicrobial Additives Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Antimicrobial Additives Market, highlighting leading vendors and their innovative profiles. These include Akzo Nobel N.V., Americhem, Avient Corporation, BASF SE, Biocote Limited, Blend Colours Pvt. Ltd., BSB Nanotechnology Joint Stock Company, Clariant AG, Corning Incorporated, DuPont de Nemours, Inc., Evonik Industries AG, FiteBac, LABORATORIOS ARGENOL, S.L., LANXESS AG, LG Electronics, Life Material Technologies Limited, Lonza Group, LyondellBasell Industries Holdings B.V., Microban International, Ltd., Milliken & Company, Mitsubishi Chemical Corporation, Momentive Performance Materials Inc., NICHEM SOLUTIONS, Nouryon Chemicals Holding B.V., Novapura AG, Polygiene Group AB, Primex Plastics Corporation by ICC Industries, Inc., RTP Company, Sanitized AG, Sarex Overseas, Saudi Basic Industries Corporation, SteriTouch Ltd. by Addmaster Ltd., Tekni-Plex, Inc., The DOW Chemical Company, Tosaf Compounds Ltd., and ZeoVation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Antimicrobial Additives Market, by Type
7. Antimicrobial Additives Market, by Application
8. Antimicrobial Additives Market, by End-User
9. Americas Antimicrobial Additives Market
10. Asia-Pacific Antimicrobial Additives Market
11. Europe, Middle East & Africa Antimicrobial Additives Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Antimicrobial Additives Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Antimicrobial Additives Market?
3. What is the competitive strategic window for opportunities in the Antimicrobial Additives Market?
4. What are the technology trends and regulatory frameworks in the Antimicrobial Additives Market?
5. What is the market share of the leading vendors in the Antimicrobial Additives Market?
6. What modes and strategic moves are considered suitable for entering the Antimicrobial Additives Market?
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