The global antimicrobial additives market is predicted to generate a revenue of $3,786.8 million by 2030, rising from $2,010.2 million in 2019, advancing at a 7.5% CAGR during the forecast period (2020–2030), as per a P&S Intelligence report. The market is being driven by the expanding healthcare industry, threat of bio-resistance in patients owing to the excessive administration of antibiotic drugs, and integration of innovative technologies in product manufacturing. Based on type, the market is divided into inorganic and organic.
Between the two, the inorganic division accounted for the larger share of the antimicrobial additives market in 2019, owing to the favorable chemical attributes and non-toxic nature of silver, copper, and zinc-based antimicrobial formulations. In addition to this, the extensive adoption of these antimicrobial additives in packaging, non-food and food consumer goods, and compounding for a wide variety of projects is predicted to drive their demand. The division is further predicted to dominate the market during the forecast period.
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The objective of this research includes;
Major factors driving the Antimicrobial Additives Market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the telemedicine market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
The competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
When end-use industry is considered, the market is categorized into construction, packaging, consumer goods, automotive, healthcare, and food & beverages. The healthcare industry accounted for the major share of the market in 2019 and is predicted to retain its dominance during the forecast period. The surging prevalence of hospital-acquired infections (HAI) is creating high demand for these products. It has been observed that the transmission rates of these diseases is particularly high in Europe and North America, thereby leading to the high demand for antimicrobial additives.
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The antimicrobial additives market in North America registered significant growth during the historical period (2014–2019). The prevalence of HAIs has been increasing in the region rapidly, as the frequent use of antibiotics for treatments has resulted in the rising instances of bio-resistance. The high purchasing power of individuals in the region is further driving the demand for antimicrobial additives. The Asia-Pacific region is projected to register the highest CAGR during forecast period.
The research includes detailed analysis of;
Based on Type
Based on End-Use Industry
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