Market Trends of Antimicrobial Additive Industry
This section covers the major market trends shaping the Antimicrobial Additive Market according to our research experts:
Plastic Segment to Dominate the Market
- Plastic segment stands to be the dominating segment owing to the extensive consumption of plastic in various end-user industries like packaging, automotive and construction amongst others.
- Plastic is susceptible to microbial growth including bacteria and mold. Therefore antimicrobial additives are incorporated during the production process of plastics and offer resistance against various microbes, thus, resulting in the long-term durability of plastic products.
- Plastics are extensively utilized in soap dispensers, food containers, surgical products, and breathing devices, etc. which augment the demand for antimicrobial additive in the forecast period.
- Asia-Pacific countries like China, India, etc have been registering strong growth in the utilization of antimicrobial additive in food and beverage and healthcare industry, which is expected to drive the market over the forecast period.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific region stands to be the largest market for antimicrobial additive. Factors, such as extensive application in food and beverage and healthcare industry are expected to propel the market growth.
- Beneficial attributes of antimicrobial additives like inhibition of bacterial, algal, and fungal growth for those materials exposed to ultraviolet radiation, unsanitary conditions and moisture are likely to drive the market growth.
- Incorporation of antimicrobial additives in healthcare furnishings and medical equipment is a step toward minimizing the risk of bacteria attack in the healthcare environment.
- Rising demand for inorganic additives in a wide range of applications, including textiles, paints, polymers, and coatings is anticipated to propel the market growth during the forecast period.
- The food and beverage end-use segment is expected to increase the demand of antimicrobial additive owing to continuous utilization of additives in shelving, flooring, and food processing equipment, ice making machines, storage containers, water coolers, and water hydration systems in the food and beverage industry.
- Hence, all such market trends are expected to drive the demand for antimicrobial additive market in the region during the forecast period.
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