Wilmington, Delaware, Oct. 27, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s most recent industry analysis, the Global Antimicrobial Additives Market value is estimated at US$ 8,454.4 million in 2023 and is expected to rise at a strong CAGR of over XX% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Antimicrobial additives are compounds that are added to items to prevent the growth of microorganisms on the treated surface, such as bacteria, fungi, and viruses. These additives are utilized in a variety of industries, including healthcare, consumer goods, packaging, textiles, and building materials, to develop products that are more resistant to microbial contamination and offer additional protection against hazardous infections.
Consumers are becoming more aware of the importance of cleanliness and sanitation in their daily lives. Antimicrobial-treated textiles, cookware, and personal care goods are popular among health-conscious customers, increasing demand for antimicrobial chemicals.
- According to a deep-dive market assessment by RationalStat, the global Antimicrobial Additives market has been analyzed on the basis of market segments, including type, application, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Antimicrobial Additives market covers market sizes on the basis of market value (US$/EUR Million) and volume (Thousand Kg/Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Antimicrobial Additives market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Antimicrobial Additives Market: Segmental and Market Share Analysis
- On the basis of type, the inorganic antimicrobial additives segment was the largest revenue generator in 2022 and is anticipated to grow at a CAGR of 5.6% during the forecast period.
- Based on application, the plastic segment accounted for the largest revenue share of 7.2% in 2022. Because bacteria and fungi generally feed on plastic and polymer products.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 8,454.4 million |
| Market Size Forecast | US$ 13,967.0 million |
| Growth Rate | 7.4% |
| Dominant Segment | Inorganic |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global Antimicrobial Additives market include,
- In February 2021, DuPont completed the merger of Nutrition & Bioscience business which is a DuPont subsidiary with a subsidiary of International Flavours & Fragrances Inc.
Some of the prominent players and suppliers operating and contributing significantly to the global Antimicrobial Additives market growth include BASF SE, The Dow Chemical Company, Clariant, Croda International Plc, and Akzo Nobel N.V., among others.
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RationalStat has segmented the global Antimicrobial Additives market based on type, application, end use and region
- Global Antimicrobial Additives Market Value (US$ Million), Volume (Thousand Kg/Tons), and Market Share (2019-2030) Analysis by Type
- Inorganic
- Organic
- Global Antimicrobial Additives Market Value (US$ Million), Volume (Thousand Kg/Tons), and Market Share (2019-2030) Analysis by Application
- Plastic
- Paints & Coatings
- Pulp & Paper
- Global Antimicrobial Additives Market Value (US$ Million), Volume (Thousand Kg/Tons), and Market Share (2019-2030) Analysis by End Use
- Healthcare
- Packaging
- Food & Beverages
- Construction
- Automotive
- Global Antimicrobial Additives Market Value (US$ Million), Volume (Thousand Kg/Tons), and Market Share (2019-2030) Analysis by Region
- North America Antimicrobial Additives Market
- US
- Canada
- Latin America Antimicrobial Additives Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Antimicrobial Additives Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Antimicrobial Additives Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Antimicrobial Additives Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Antimicrobial Additives Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Antimicrobial Additives Market
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Key Questions Answered in the Antimicrobial Additives Report:
- What will be the market value of the global Antimicrobial Additives market by 2030?
- What is the market size of the global Antimicrobial Additives market?
- What are the market drivers of the global Antimicrobial Additives market?
- What are the key trends in the global Antimicrobial Additives market?
- Which is the leading region in the global Antimicrobial Additives market?
- What are the major companies operating in the global Antimicrobial Additives market?
- What are the market shares by key segments in the global Antimicrobial Additives market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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