Antimicrobial Additives Market To Reach USD 4.66 Billion In 2028 | Expansion Of The Construction And Packaging Industries Is A Significant Factor Driving Market Revenue Growth, Says Reports and Data

News provided by

Feb 17, 2022, 09:30 ET

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- The global antimicrobial additives market size is expected to reach USD 4.66 billion in 2028 and register a CAGR of 8.3% during the forecast period, according to a latest report by Reports and Data. Increasing need to resist, inhibit, and prevent growth of microbes such as bacteria, mold, fungi, and viruses is projected to propel market revenue growth. In developing countries, government bodies are investing huge sums in infrastructure projects, which is further resulting in expansion of the construction industry and thus boosting demand for antimicrobial additives. Proliferation and propagation of microorganisms including fungi, bacteria, and algae is affecting the aesthetic appearance of concrete, degrading its mechanical properties and durability, and destroying its internal structure, which, in turn, is leading to increasing cost due to rehabilitation. Need to overcome these challenges for smart and durable infrastructure is resulting in development of antimicrobial concrete. Major players are increasingly investing in the launch of antimicrobial admixture which are utilized in concrete and helps in providing sustainable solutions to the construction industry.

Growing consumer awareness regarding food safety and quality and shifting preference towards packaged food is boosting demand for antimicrobial food packaging. Application of antimicrobial additives into external packaging helps in preventing growth of common food poisoning bacteria and minimizes the risk of bacterial transmission from outer packaging at the point of sale. Increasing investment for the development of natural antimicrobial additives is also expected to drive market growth during the forecast period.

Request a Sample Report – https://www.reportsanddata.com/sample-enquiry-form/4923

Some Key Highlights in the Report

In May 2020, E-Stone Corporation entered into an exclusive partnership with Microban, which is a global leader in antimicrobial technology. This partnership was established to provide Microban antimicrobial protection to E-Stone's etherium by E-Stone engineered-stone surfaces for the next 5 years. Application of Microban technology into engineered stone makes etherium the perfect surface material for use on countertops, floors, bathrooms, and walls.
Organic antimicrobial additives segment revenue is expected to register a rapid growth rate over the forecast period. Long-lasting protection against odor-causing microbes and stain is boosting the usage of organic antimicrobial additives in paints and coatings. Organic antimicrobial additives can directly be incorporated in the manufacturing of textiles and foams, as well as paints.
Plastics segment is expected to register steady revenue growth over the forecast period. Antimicrobial additives play a major role in the manufacturing of plastic products as these help in lengthening the life of such products.

Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/4923

Healthcare segment revenue is expected to expand significantly over the forecast period, owing to extensive utilization of antimicrobial additives in healthcare industry for the production of various medical devices such as guidewires, thrombectomy, sheaths, and diagnostic catheters.
The antimicrobial additives market in Asia Pacific is expected to account for largest revenue share over the forecast period. Shifting consumer preference towards packed food and increasing awareness regarding food safety and quality are anticipated to boost demand for antimicrobial additives in the packaging industry in this region.
Some major companies included in the market report are BASF SE, BioCote Ltd, RTP Company, Inc., Clariant AG, Microban International, Ltd., Milliken Chemical Company, Avient Corporation (PolyOne Corporation), SANITIZED AG, Lyondellbasell Industries Holdings B.V., and Dow Inc.

To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/antimicrobial-additives-market

For the purpose of this report, Reports and Data has segmented global antimicrobial additives market based on product type, application, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

Organic Antimicrobial Additives
Inorganic Antimicrobial Additives

Application Channel Outlook (Revenue, USD Billion; 2018-2028)

Paints & Coatings
Plastics
Pulp & Paper
Others

End-use Channel Outlook (Revenue, USD Billion; 2018-2028)

Automotive
Building & Construction
Healthcare
Food & Beverage
Packaging
Others

Buy Premium Research Report @ https://www.reportsanddata.com/report-pricing/4923

Regional Outlook (Revenue, USD Billion; 2018-2028)

North America

a. U.S.
b. Canada
c. Mexico

Europe

a. Germany
b. U.K
c. France
d. Italy
e. Spain
f. Sweden
g. BENELUX
h. Rest of Europe

Asia Pacific

a. China
b. India
c. Japan
d. South Korea
e. Rest of APAC

Latin America

a. Brazil
b. Rest of LATAM

a. Saudi Arabia
b. UAE
c. South Africa
d. Israel
e. Rest of MEA

Explore Trending Research Reports by Reports and Data:

Brain Health Supplements Market size was USD 7.23 Billion in 2020, registering a CAGR of 8.4% through the forecast period. The increasing inclination towards restoring the health and functions of the brain, especially in the geriatric population is the primary factor bolstering the market growth globally.

Respiratory Inhaler Devices Market is expected to reach a market size of USD 52.43 billion in 2027, and register a CAGR of 6.8% over the forecast period. The respiratory inhaler devices market revenue growth is driven by increase in prevalence of respiratory diseases such as asthma and Chronic Obstructive Pulmonary Disease (COPD).

Electronic Skin Market is expected to register a CAGR of 20.6% and reach a market size of USD 20.02 Billion in 2027. The electronic skin market is witnessing increased demand owing to growth in robotics and related developments.

Drug Discovery Informatics Market is expected to reach a market size of USD 4.09 billion in 2027 and register a CAGR of 9.2% over the forecast period. Growth of the drug discovery informatics market is driven by rising need to analyze large volumes of data, and growing use of information technology in data mining and data analysis in terms of drug development, data visualization, progressions in software versions for data aggregation, and increased usage of cloud-based services.

Clinical Communication and Collaboration Market is expected to reach a market size of USD 5,029.8 Million by 2027, and register a CAGR of 17.3% over the forecast period. Growing demand for cross-functional collaboration in hospitals is a significant factor driving clinical communication and collaboration market growth.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
LinkedIn | Twitter | Blogs

Read Latest Press Release @ https://www.reportsanddata.com/press-release/global-antimicrobial-additives-market

SOURCE Reports And Data