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Global Antimicrobial Additives Market to Rise at a CAGR of 7.24% During 2022-2027, Aided by the Rising Application in the Healthcare Industry

According to a new report by EMR titled, ‘Global Antimicrobial Additives Market Report and Forecast 2022-2027’, the global antimicrobial additives industry stood at a value of more than USD 4.8 billion in 2021. The market is further expected to grow at a CAGR of 7.24% in the forecast period of 2022-2027 to attain over USD 7.3 billion by 2027.

The antimicrobial additives industry is driven by the rising application of antimicrobial additives in the healthcare industry. The growing use of antimicrobial products in the hospital furnishings and in the rooms with critical environment owing to their capability of preventing attack of pathogens on patients is likely to be a major factor propelling the market in the forecast period. The industry growth is anticipated to be aided by the rising application of antimicrobial products in the construction sector due to the ability of zinc and silver antimicrobial additives to prevent discoloration and embrittlement, bolstering the aesthetic appeal of the structure.

In terms of region, Asia Pacific is likely to account for a significant share in the industry and is likely to witness considerable growth in the coming years. The market in the region is augmented by the growing expansion of various end-use industries of antimicrobial additives such as construction, automotive, and healthcare. The rising investments in the construction industry in India and China in order to advance the infrastructure of the countries are likely to augment the market. Furthermore, the growing development of hospitals and ambulatory surgical centres will propel the market growth.

In May 2021, Parx Materials (EPA: MLPRX) announced the successful development of new polypropylene (PP) nonwoven material, which has bacteria-resisting properties. The product has achieved the class AAA rating for use in medical masks, protective gowns, diapers, or other sanitary products. The new material will enable textile manufacturers to utilise its antimicrobial properties without harming the environment.

Market Breakup by Product Type, Application, End-Use, and Region:

  • The market is bifurcated based on product type into inorganic antimicrobial additives and organic antimicrobial additives. 
  • The major applications in the market include plastic, painting and coating, pulp and paper, among others. 
  • The end-uses of antimicrobial additives include construction, automotive, healthcare, food, and beverages, among others. 
  • The regional markets for antimicrobial additives can be segmented into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The market for antimicrobial additives is driven by the rising application of antimicrobial additives in the end-use industries.
  • The rising investments in the construction and automotive sector in the emerging economies are likely to bolster market growth. 
  • The growing adoption of antimicrobial products in hospitals and ambulatory surgical centres will provide impetus to the market. 
  • The growth will further be aided by the rising cases of bacterial infections among the geriatric population.

Key Offerings of the Report:

  • The EMR report gives an overview of the global antimicrobial additives market for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the product types, applications, end uses, and regions of antimicrobial additives.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global antimicrobial additives industry are BASF SE, BioCote Ltd, Clariant AG, King Plastic Corporation, and Milliken Chemical Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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