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The global antimicrobial additives market stood at a value of more than USD 5.52 billion in 2023. The market is further expected to grow at a CAGR of 7.24% in the forecast period of 2024-2032 to attain over USD 10.35 billion by 2032.
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Based on product type, the inorganic antimicrobial additives segment accounts for a significant share in the market. The zinc and silver-based antimicrobial additives are likely to witness a surge in demand as they are extremely effective against the growth of bacteria, fungi, mould, mildew, and algae, among others. The adoption of silver-based products as antimicrobial agents is significant owing to the non-toxic and durable properties of silver. In addition to this, silver is thermally stable, and eco-friendly. Hence, the inorganic segment is likely to contribute to the global antimicrobial additives industry growth significantly.
The antimicrobial additives industry in the Asia Pacific is driven by the thriving automotive industry in the region, owing to the rising demand for commercial and passenger cars in India, China, and other emerging nations. This can be attributed to the rising population and increasing disposable income in the countries. The capacity expansion by the major antimicrobial additives manufacturers in the region is anticipated to augment the market growth in the forecast period.
Antimicrobial additive is defined as a type of additive which resists, inhibits, and prevents the growth of microbes such as bacteria, mould, mildew, and fungi, among others. This additive also prevents the spread of communicable diseases.
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Based on product type, the market can be segmented into:
While inorganic antimicrobial additives can further be segmented based on type into silver, zinc, and copper, organic antimicrobial additives are further divided based on type into 4,5-dichloro-2-(n-octyl)-4-isothiazoline-3-one, oxybiphenoxarsin, and triclosan, among others.
The major applications of antimicrobial additives include:
The segmentation of the market, on the basis of end use, includes:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global antimicrobial additives industry is driven by the rising application of the product in the paints and coatings sector owing to the rising building and construction activities in emerging economies. The growing investments by the government towards the development of residential and commercial structures are likely to propel the demand for antimicrobial additives. Furthermore, the ability of antimicrobial additives to prevent diseases is likely to contribute to the market expansion owing to the rising cases of bacterial infections globally, thereby propelling the demand in the healthcare sector.
The report gives a detailed analysis of the following key players in the global antimicrobial additives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global antimicrobial additives market attained a value of more than USD 5.52 billion.
The market is estimated to grow at a CAGR of 7.24% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 10.35 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the expansion of the major end use industries of the product, including paints and coatings and pulp and paper, rapid industrialisation, and capacity expansion by manufacturers.
The growing technological advancements and innovations in the industry are expected to be the key trends guiding the growth of the industry.
Inorganic antimicrobial additives and organic antimicrobial additives are the major product types included in the market report.
Plastic, painting and coating, and pulp and paper, among others are the different applications of antimicrobial additives.
Construction, automotive, healthcare, and food and beverages, among others are the significant end uses of the product.
The major players in the industry are BASF SE, BioCote Ltd, Clariant AG, King Plastic Corporation, and Milliken Chemical Company, among others.
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