Antimicrobial Additives Market by Product, Application, and Geography - Forecast and Analysis 2021-2027
Overview
The global antimicrobial
additives market, during the forecast period 2017 to 2023, will register growth
at a CAGR of 6.58%. The market for antimicrobial additives is set to reach USD
12,500 Million by 2023. As per the analysts, the global market is anticipated
to witness growth owing to the factors such as rising health-based awareness
among consumers as well as incidences of nosocomial infections. However, the
antimicrobial additives market will face challenges and restraints due to
strict environmental regulations and slow consumption of antimicrobial
additives during the forecast period 2017 to 2023.
Emergence of a many life
threatening epidemics in the market is set to play a key role in determining
the growth potential during 2017 to 2023years. Analysts have also studied the
global market to understand potential threats and challenges the antimicrobial
additives market companies could face. Although the antimicrobial additives
industry is poised to grow at a fast pace across type, end-users, and
applications segments, factors such as concerns regarding adverse effects on
human health could slow down the market’s growth worldwide.
Market Segmentation
The market has been segmented
into type, end-users, and applications. Based on the segment which is type, the
market is categorized on the basis of organic and inorganic. The global market
for antimicrobial additives is further segmented based on end-users into
construction, furniture, healthcare, textile, and others. Furthermore, the
market, on the basis of applications, is segmented into fabric, paints &
coatings, plastics, rubber & silicone, and others.
The global market research
report covers all the aspects of the antimicrobial additives market based on
the segmental analysis of these type, end-users, and applications segments.
Analysts have also studied the regional markets spread across many continents
and countries. The type, end-users, and applications segments along with their
sub-segments have been analyzed and companies functioning in the global market
across these segments are profiled and analyzed based on input and feedback
from market based decision makers as well as primary and secondary sources. The
antimicrobial additives industry research report presents analysis based
information for companies functioning in the market.
Regional Overview
The growing development of unsafe
polymer-based antimicrobial additives may hinder the Antimicrobial Additives Market growth.
The market research report suggests that companies in the global market could
be supported by rapid surge in hospital-acquired infections as well as the
increase in commercial and residential construction activities during the
forecast period. The market is set to register growth at a high CAGR owing to
these key factors. The market is spread across North America, Europe,
Asia-Pacific, and other parts of the world. The global market research report
reveals that APAC, North America, and Europe regional markets will dominate the
global market for antimicrobial additives during the forecast period 2017 to
2023. As per the analysts, the market is set to witness tremendous growth
across type, end-users, and applications segments in North America which covers
markets across the United States, Canada, Mexico and several other regional
markets. Companies active in the antimicrobial additives industry are also
analyzed and studied in the global market research report.
The market for Europe covers
smaller market segments of Germany, Italy, France, and the United Kingdom.
Additionally, the market research report covers the Asia-Pacific region
covering markets from India, China, Japan, Australia, and others. The market is
also spread across the rest of the world. The market report covers all such
regions including the Middle East, Africa, Brazil, and others.
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Competitive
Landscape
Antimicrobial additives have
seen increased demand over the years, due to the expanding construction
industry and the growing consumption of antimicrobial additives in cosmetics
and agriculture industries. Companies functioning in the global antimicrobial
additives market are also being challenged due to restricted cross-border trade
and fluctuating raw material prices. Mergers and acquisitions by market
companies are anticipated to help the market during the forecast period 2017 to
2023. As the antimicrobial additives market is set to register a high CAGR of
6.58% and is also anticipated to reach a USD 12,500 Million by 2023, the report
highlights key areas companies need to focus on. The report suggests that the
market will see a healthy growth in the long run till 2023. Based on SWOT
analysis and market’s analysis based on Porters’ Five Force Model presented in
the market report. Mergers and acquisitions by market companies are anticipated
to help the market during the forecast period 2017 to 2023.
Industry News
When Henry Skinnerwas heading
SelectX Pharmaceutical products, which was based on antibiotics, about 15 years
ago the firm had “very good research.” So when the AMR Action Fund, which was
supported by Big Pharma, was unveiled in July, to promote new antibiotics, he
said that this was a call to clarify. Skinner said, “but because of the
difficulties of capitalization of these technologies due to limitations of the
markets.” The lack of success in anti-infective products is not due to a lack
of creativity. The fund is intended to “bridge this divide, giving our
politicians and governments time to make macro-sensitive changes in order to
restore the economy.”
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