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.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition 23
2.2 Scope Of The Study 23
2.3 List Of Assumptions 24
2.4 Market Structure 24
3 Research Methodology
3.1 Research Process 26
3.2 Primary Research 27
3.3 Secondary Research 28
3.4 Market Size Estimation 28
3.5 Forecast Model 29
4 Market Dynamics
4.2 Introduction 31
4.3 Drivers 32
4.3.1 Growing Use Of Antimicrobial Additives In Plastic Applications 32
4.3.2 Expanding Global Healthcare Industry 32
4.3.3 High Adoption Rate In The Construction Industry 33
4.3.4 Drivers Impact Analysis 33
4.4 Restraints 34
4.4.1 Stringent Environmental Regulations 34
4.4.2 Restraints Impact Analysis 34
4.5 Opportunities 34
4.5.1 Increase In Plastic Waste 34
4.5.2 Increasing Adoption Of Antimicrobial Additives In Various Applications 35
4.6 Trends 35
4.6.1 Introduction Of Polymer-Based Additives 35
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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Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Food Additives Market Research Report- Forecast to 2022 that the market will demonstrate an exponential growth while achieving billion-dollar growth rapidly in the forecast period.The global food additives market is increasing due to increased demand for food additives in food and beverages industry.
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