Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "Global Inorganic Antimicrobial Additives Market, By Type; By Application; By End user - Estimation & Forecast, 2017-2030" report has been added to ResearchAndMarkets.com's offering.
The global Inorganic Antimicrobial Additives market, valued at US$ 6,357.42 million in 2022, is projected to scale to US$ 10,933.5 million by 2030, boasting a Compound Annual Growth Rate (CAGR) of 7.29%.
Growth Drivers:
The market's expansion is fueled by heightened consumer health awareness and the widespread application of these additives across various industries, driven by technological and product innovation. These antimicrobial additives find extensive use in healthcare, packaging, and food & beverage sectors due to their efficacy in preventing microbial growth. However, fluctuating raw material prices present a challenge, impacting production costs and profit margins.
Segment Breakdown:
The market is segmented by Type, Application, and End-user. Here's a snapshot:
Type:
- Silver
- Copper
- Zinc
Among these, Copper holds an opportunity exceeding US$ 1500 Mn for the forecast period. Zinc emerges as the fastest-growing segment with a CAGR of 7.57%.
Application:
- Plastic
- Paints & Coatings
- Pulp & Paper
- Others
Plastic secures the majority market share of over 35% in 2022.
End-user:
- Healthcare
- Packaging
- Food & Beverage
- Construction
- Automotive
- Consumer Goods
- Textiles
- Other
The Healthcare sector leads with the fastest CAGR of 8.18%, followed by Packaging, Food & Beverage, Construction, Automotive, Consumer Goods, Textiles, and Others.
Regional Insights:
The report covers North America (holding around 30% market share in 2022), Europe (revenue approx. US$ 1532.2 Mn in 2022), Asia Pacific (fastest CAGR of over 7.85%), Middle East & Africa, and South America. Each region's analysis includes key countries breakdown.
Competitive Landscape:
The global Inorganic Antimicrobial Additives market exhibits competitiveness with seven major players, including BASF SE, DuPont De Nemours, Microban International, Sanitized AG, LyondellBasell, Avient Corporation, and Biocote, capturing a combined market share of 25-35%. Notable contributors also include Milliken Chemical, Dow Inc., Clariant AG, Lonza, Plastics Color Corp., Biosafe Inc., and other prominent players.
Report Insights:
- CAGR of 7.29% expected from 2023 to 2030 for Inorganic Antimicrobial Additives market
- Key drivers: consumer health awareness and product innovation
- Copper and Zinc segments, along with Healthcare sector, poised for notable growth
- North America holds significant market share; Asia Pacific expected to grow rapidly
Key Questions Addressed:
- What's the estimated growth rate of the global Inorganic Antimicrobial Additives market?
- What drive growth and potential restraints?
- Which segments experience the most growth?
- Who are the leading market players?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 189 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6357.42 Million |
| Forecasted Market Value (USD) by 2030 | $10933.5 Million |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/h3wnca
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