Antimicrobial additives market is projected to reach $9.3 billion by 2030, registering a CAGR of 7.1% from 2021 to 2030
WILMINGTON, DELAWARE , UNITED STATES, February 15, 2024 /EINPresswire.com/ — According to the report published by Allied Market Research, the global antimicrobial additives market generated $4.7 billion in 2020, and is estimated to reach $9.3 billion by 2030, witnessing a CAGR of 7.1% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top investment pockets, regional landscape, major segments, value chain, and competitive scenario.
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Advent of new infectious micro-organisms and surge in utilization in plastic products drive the growth of the global antimicrobial additives market. However, environmental and health concerns regarding their usage hinder the market growth. On the other hand, emergence of sustainable antimicrobial additives presents new opportunities in the coming years.
List of companies profiled of the global antimicrobial additives market analyzed in the research include BASF SE, Clariant AG, BioCote Limited, Microban International Limited, King Plastic Corporation, Sanitized AG, Milliken Chemical, Lyondell Basell, PolyOne Corporation, and DOW Inc.
Key findings of the study
⦁ The organic antimicrobial additives segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.5% from 2021 to 2030.
⦁ The paints & coatings application is anticipated to register the highest CAGR of 7.6% during the forecast period.
⦁ The healthcare end use is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.8% from 2021 to 2030.
⦁ Asia-Pacific garnered the highest share of 35.0% in 2020, in terms of revenue, growing at a CAGR of 7.8%
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The report offers detailed segmentation of the global antimicrobial additives market based on product type, application, end-use, and region.
Based on product type, the inorganic antimicrobial additives segment contributed to the highest market share in 2020, accounting for around four-fifths of the total share, and is projected to maintain its lead position throughout the forecast period. However, the organic antimicrobial additives segment is estimated to witness the largest CAGR of 7.5% from 2021 to 2030.
Based on end-use, the healthcare segment held the highest market share in 2020, contributing to nearly one-third of the global antimicrobial additives market, and is expected to continue its lead in terms of revenue throughout the forecast period. Moreover, this segment is estimated to manifest the highest CAGR of 7.8% from 2021 to 2030. The report includes analysis of segments such as construction, automotive, food & beverages, and others.
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Based on region, Asia-Pacific accounted for the largest share in 2020, contributing to more than one-third of the total share, and is projected to continue its dominant share in terms of revenue by 2030. Moreover, this region is expected to portray the fastest CAGR of 7.8% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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