A recent business and commerce study by Future Market Insights (FMI) has projected that the demand in the global antimicrobial additives market will increment at a notable CAGR of 8.0% during the forecast period of 2015 to 2025. The report has been prepared by a group of professional and experienced research analysts, and aspires to serve as a credible business tool for its targeted audiences such as antimicrobial additives manufacturers, antimicrobial additives suppliers, service providers, raw material suppliers, government bodies, and end users such as companies operating in the sectors of packaging, healthcare, and food and beverages. The report provides insights into the current condition of the market for antimicrobial additives, explores market dynamics such as trends, drivers, and restraints, segments the market on the basis of application and end users, gauges the potential of various geographical regions, and represents the competitive landscape by profiling a number of key players.
As per the findings of the FMI report, the demand in the global antimicrobial additives market will gain traction from a number of factors such as increasing awareness regarding health issues among urban population, growth of various end use industries wherein it finds application, increasing usage of silver-based products as antimicrobial additives, and improving healthcare infrastructure in several emerging economies. On the other hand, fluctuations in the prices of raw materials and stringent regulations are couple of factors obstructing the prosperity of the global antimicrobial additive market. Nevertheless, the vendors operating in this market are expected to gain new opportunities in agriculture and cosmetics industry in emerging economies and fusion of nanotechnology into antimicrobial additives.
Application-wise, the global antimicrobial additives market has been segmented into paints and coatings, paper, inks, plastic, fabric or textile, silicone and rubber, and others. Among these, the segments of paints and coatings, plastics, and fabric or textile are expected to exhibit above-average CAGR during the said forecast period, collectively producing an opportunity worth US$7,265.8 mn, which is about five times in comparison to the total incremental opportunity of the four application segments. Based on end-use industry, the market for antimicrobial additives has been bifurcated into automotive, healthcare, food and beverages, electronics, and others. The healthcare and food and beverage industries are projected to experience increasing demand at a CAGR of 6.6% during the forecast period of 2015 to 2025.
Geographically, the FMI report picks out the region of Asia Pacific except Japan to gain newer demand at a CAGR of 6.9% during the said forecast period, significantly more than other regions studied under this report, viz. North America, Western Europe, Latin America, and the Middle East and Africa. BRICS antimicrobial additives market in terms of value is projected to register a promising CAGR of 9.2% during the forecast period.
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