As per the report of Adroit Market Research the global antimicrobial additives market is expected to reach 15.34 billion US$ by the year 2025 with the CAGR of 7% during the forecast period of 2018 to 2025. Antimicrobial additives are substances that are used to resist and prevent the growth of microbes such as mold and bacteria. Algae, bacteria, and fungi have become a major problem in a variety of industries including food, medical and construction.
Microbial additives are can be found in a different product which could lead to severe consequences. Different companies are adding anti-microbial additives to their products which are serving as a differentiator for these products. The growing awareness regarding hygiene among consumers is increasing the demand for the global market of antimicrobial additives.
Antimicrobial additives are mostly used in medical devices to prevent the growth of microbes in the devices. The growing number of diseases can increase the demand for medical devices that uses anti-microbial additives which could increase the market growth. The prevalence of restaurants is expected to increase the demand for the packing industry which can increase the demand for Antimicrobial additives. In addition to packing industry cosmetics and agriculture also uses Antimicrobial additives which can grow the market. The developments and technological advancement can also help in the growth of Antimicrobial additives industry.
The Asia Pacific is expected to see the highest growth rate in terms of sheer volume. The prevalence of the packaging industry in this region is expected to boost the market growth of products. The CAGR of Asia Pacific is expected to be the highest thanks to the adoption and development of technology in all of the industrial sectors. Different regions of the world are covered in the analysis along with all the factors affecting the market growth in these regions.
The market is segmented on the base of types, application, and end-users. The types of Antimicrobial additives include inorganic and organic type. The application includes pulp & paper, plastic, paint, coating, and other types. The analysis also provides complete detail of end-users. The report is aimed to provide a holistic view of the entire market.