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Antimicrobial Additives Market to Touch USD 12,500 Million at 6.58% CAGR by 2028
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Antimicrobial Additives Market Overview: Antimicrobial additives market is projected to reach a size of USD 12,500 million, growing at a CAGR of 6.58 percent during the forecast period (2021-2028).
Market Highlights -
The antimicrobial additive market has been increasingly expanding, substantiated by widespread use in various plastic applications. Antimicrobial compounds are suitable for several uses, including processed food & beverage, household products, consumer electronics, clothing films and fibers, vehicle interiors, among others Inflated demand for antimicrobial additives in various plastic products and increased intake of packaged food products have proven to be crucial to the growth of the global antimicrobial additive market. The use of antimicrobial additives has been essential in the field of healthcare and gives a boost to the production of global antimicrobial additives. Constant pollution issues in the healthcare sector have focused emphasis on reducing infection, which, in combination with a growing understanding of hospital-acquired infections, promotes Use antimicrobial chemicals in the healthcare sector. They are used in medical plastic products such as catheters, contact lenses, prosthetic joints, artificial heart valves, and pacemakers that fuel the growth of antimicrobial additives on the global market.
In different end-user sectors, antimicrobial additives are gaining wider acceptability, and the building industry is a notable one. Antimicrobial chemicals are used in wall coverings, floors and carpets, door handles, cable attachments, radiators, workstations, air conditioning equipment, and HVAC devices, as they protect against bacteria and reduce the risk of cross-contamination. The building industry in industrialized nations and increasing residential and industrial development in developed countries represent substantial growth in antimicrobial additives on the global market. Strict environmental standards could, on the contrary, act as a headwind to market growth. The sale and usage of antimicrobial additives are subject to regulatory control because of their adverse environmental and human health impacts. However,
Obtain Brochure For Latest Technology Advancements Antimicrobial Additives @ https://www.marketresearchfuture.com/sample_request/1749 Antimicrobial Additives Market - Competitive Landscape
The noteworthy players in the global antimicrobial additives market include Addmaster Limited, Biocote Limited, Sanitized AG, WM Barr & Company, DowDuPont, Biosafe Inc., NanoBioMatters, Clariant, SteriTouch Ltd, BASF SE, PolyOne, and Milliken Chemical.
Access Complete Report @ https://www.marketresearchfuture.com/reports/antimicrobial-additives-market-1749 Antimicrobial Additives Market - Segments:
The global antimicrobial additives market has been analyzed based on application, type, and end-use industry. Based on the type, the market has been bifurcated into inorganic and organic antimicrobial additives. The inorganic segment has been further divided into copper, silver ion, and zinc. In contrast, the organic segment has been sub-segmented into phenolic biocides, fungicides, silane quaternary ammonium compounds (QUAT), and others. Because of their high performance and good physical properties, the inorganic segment dominated the industry in 2017.
Based on the application, the market has been divided into plastics, pulp and paper, ceramics, paints and coatings, and others. In 2017, the plastics sector had dominated the market.
Based on the end-users, the market has been divided into automotive, construction, textile packaging, food & beverage, healthcare, and others. The healthcare segment is accountable for the major market share in 2017 because of a growing need to reduce the accumulation of biofilms in healthcare products.
Global Antimicrobial Additives Market - Regional Analysis
The global antimicrobial additives market spans across the regions of Latin America, the Asia Pacific, Europe, North America, and the Middle East & Africa.
The Asia Pacific represented the most significant market share in 2017 and is predicted to retain its lead over the projected period. The rising demand for antimicrobial plastics in the region and enormous opportunities presented by different end-use industries has placed the Asia Pacific as a highly lucrative antimicrobial additive sector. Europe is the second-biggest antimicrobial additive market. Strict pharmaceutical packaging legislation, significant healthcare expenditure, and an overwhelming presence of medical device manufacturers are factors driving the European industry.
Industry/ Innovation/ Related News:
July 07, 2020 ---- Researchers from Linköping University, Sweden, announced the development of a graphene-based system that can use sunlight to produce fuel from carbon dioxide and water. The team suggests that the system can capture carbon dioxide from the atmosphere and use it from sunlight to convert it into methane, ethanol, and methanol. Using this system, solar plants could take solar energy and turn greenhouse gases into methane, Antimicrobial Additives, and other chemical compounds. These can be used as fuel in vehicles adapted to use natural gaseous energy sources. Additionally, carbon monoxide, methane, and Antimicrobial Additives by-products could be further processed or used in the industry.
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