Antimicrobial additives market Size and Growth Rate:
Antimicrobial additives market Was worth USD 2.82 billion in 2016 and estimated to be growing at a CAGR of 6.3%, to reach USD 3.83 billion by 2021.
Antimicrobial additives market Market Overview:
The world antimicrobial additives market size was expected at USD 2.82 billion in 2016. It is expected to witness a CAGR of 6.3% from 2016 to 2021. Antimicrobial additives restrain the growth of microorganisms throughout the useful life of the product, enhance product life & hygiene, and provide value addition to an end product. These additives are infused into a product throughout the making process. These additives are employed in different applications according to the utility and end use of the product.
Antimicrobial additives Market Drivers and Restraints:
Factors like rising expenditure and higher attention to healthcare by developing countries together with the establishment of public health insurance programs and the construction of hospitals and clinics are estimated to amplify the adoption of medical devices. Apart from that, the increase in the aging population and income levels in developing countries can furthermore boost market growth. Elevation in recycling activities in the industrial sector and customer preference towards quality products resulted in mandate usage of these additives, which presents a significant opportunity in the market.
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Report segmented as:
By Type:
• Inorganic additives
• Organic additives
By Application:
• Plastic
• Paints & coatings
• Pulp & paper
• Others
By End-Use:
• Construction
• Automotive
• Healthcare
• Food & beverage
• Packaging
• Others
Antimicrobial additives Market Geographical Analysis:
Regionally, the market is segmented into North America, Europe, Asia-Pacific, and Latin America and Middle East & Africa. The Asia Pacific witnessed the highest demand, accounting for 40.7% market share in terms of volume in 2017. The robust manufacturing base of the packaging business in China, Japan, and India, together with increased sales of food and beverage products, is estimated to boost the market growth in the forecast period.
Important key players of Antimicrobial additives Market:
Some key players of the world antimicrobial additives market are A. Schulman, Inc., BASF SE, Biocote Limited, AkzoNobel N.V., Clariant AG, King Plastic Corporation, Microban International, Ltd., SteriTouch Limited, Momentive Performance Material Inc., Milliken Chemical Company, Nanobiomatters Industries S.L., PolyOne Corporation, BioCote Limited, Sanitized AG, Life Material Technologies Limited, and Dow Chemical Company, among others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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