You are currently viewing Global Antimicrobial Additives Market to be Driven by the Expanding Automotive Market in the Forecast Period of 2024-2032

Global Antimicrobial Additives Market to be Driven by the Expanding Automotive Market in the Forecast Period of 2024-2032

The new report by Expert Market Research titled, ‘Global Antimicrobial Additives Market Share, Report and Forecast 2024-2032’, gives an in-depth analysis of the global antimicrobial additives market. It assesses the market based on its segments like product type, application of antimicrobial additives, end uses, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Antimicrobial Additives Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2024-2032)

• Historical Market Size (2022): USD 4.8 billion
• Forecast CAGR (2024-2032): 7.24%
• Forecast Market Size (2032): USD 7.3 billion

Antimicrobial additives find applications in industries such as construction, automotive, healthcare, food, and beverages, among others.

The COVID-19 pandemic resulted in manufacturers producing more efficient versions of antimicrobial additives to safeguard their consumers and took steps to meet the rising demand. For instance, in April 2020, Tosaf Compounds Ltd, created a new antiviral and antimicrobial additive to be used on masks and medical disposables. In March 2020, BioCote Limited expanded its production capacity for certain additives, owing to a surge in demand for antimicrobial plastic products.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/antimicrobial-additives-market/requestsample

The growing population in the Asia Pacific region and the rising disposable income are expected to increase investments in the automotive and construction sectors, further stimulating market growth.

Antimicrobial Additives Industry Definition and Major Segments

Antimicrobial additives are active agents included in the processing of materials to prevent the growth of microbes such as bacteria, mould, fungi, algae, and viruses. These additives reduce illnesses and infections, minimise the occurrences of stain and odour-causing bacteria, and prevent the physical degradation of plastics.

Based on product type, the antimicrobial additives market is segmented into:

  • Inorganic Antimicrobial Additives
    • Silver
    • Zinc
    • Copper
  • Organic Antimicrobial Additives
    • 4,5-Dichloro-2-(N-Octyl)-4-Isothiazolin-3-One
    • Oxybisphenox Arsin
    • Triclosan
    • Others

On the basis of application, the market is categorised into:

• Plastic
• Painting and Coating
• Pulp and Paper
• Others

The end use segments of antimicrobial additives include:

• Construction
• Automotive
• Healthcare
• Food and Beverages
• Others

The major regional markets include:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/antimicrobial-additives-market

Antimicrobial Additives Market Trends

The expanding automotive market is providing a boost to the antimicrobial additives market as these additives reduce the build-up of microbes in crevices and hidden areas of the vehicle. Additionally, rising disposable incomes and growing transportation needs are expected to increase the demand for antimicrobial additives.

Microbes can cause aesthetical and mechanical damage to plastic car components. Producers are thus offering antimicrobial and antifungal additives for moulded and extruded parts used in automotive interiors.

In May 2021, Avient Corporation launched three proprietary thermoplastic elastomer (TPE) formulations containing antimicrobial additives in its GLS™ TPE portfolio. These additives would be used for its consumer electronics category, as well as personal care item grips, and other automotive applications. These additives preserve the surface integrity of products, increase their durability, and minimise odour, providing an improved consumer experience.

Key Market Players

The major players in the market are :

  • BASF SE
  • BioCote Ltd
  • Clariant AG
  • King Plastic Corporation
  • Milliken Chemical Company
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Shira Ellis, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.