Antimicrobial Additives Market Size, Industry Analysis Report 2024-2028

IMARC Group, a leading market research company, has recently releases report titled “Antimicrobial Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2028.” The study provides a detailed analysis of the industry, including the global antimicrobial additives market size, growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Antimicrobial Additives Market

Antimicrobial additives are specialized chemical substances that are integrated into various products to inhibit the growth and spread of microorganisms, such as bacteria, fungi, and viruses. They work by disrupting the cellular structure of these harmful pathogens and ensuring a hygienic environment. Besides this, they aid in maintaining cleaner and safer surroundings among individuals. As they assist in promoting health and hygiene in various sectors, the demand for antimicrobial additives is rising across the globe.

How Big Is the Antimicrobial Additives Market?

The global antimicrobial additives market size reached US$ 5.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.26% during 2024-2028.

Global Industry Trends and Drivers:

At present, the increasing adoption of antimicrobial additives in the healthcare industry in medical devices, hospital equipment, and surface coatings to minimize the transmission of healthcare-associated infections among individuals represents one of the key factors impelling the growth of the market. Additionally, the rising employment of antimicrobial additives in the food and beverage industry in packaging materials to ensure extended product shelf life and reduce the risk of foodborne illnesses is bolstering the growth of the market. Besides this, the growing adoption of antimicrobial additives due to the rising demand for germ-free and pathogen-resistant products is offering a positive market outlook. Moreover, the increasing consumer awareness about hygiene and wellness is offering lucrative growth opportunities to industry investors. Apart from this, the growing preference for eco-friendly and sustainable antimicrobial additives that are not harmful is positively influencing the market.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Product Type:

Inorganic Antimicrobial Additives

Organic Antimicrobial Additives

Breakup by Application:

Plastic

Paints and Coatings

Pulp and Paper

Others

Breakup by End Use Vertical:

Construction

Automotive

Healthcare

Food and Beverage

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Avient Corporation, BioCote Ltd, Chroma Color Corporation, Dow Inc., King Plastic Corporation, Life Material Technologies Limited, LyondellBasell Industries Holdings B.V., Microban International Ltd., Milliken Chemical Company (Milliken & Company) and Sanitized AG.