Global Antimicrobial Agent Market – Industry Trends and Forecast to 2026 | with Top Key Players BASF SE; RTP Company; Microban International; Clariant; Momentive; Life Material Technologies Limited; RADICAL MATERIALS LTD
Global antimicrobial agent market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the focus of various industries and domains to adopt safety and precautionary measures in their operations.
To stay ahead of the competition, a thorough idea about the competitive landscape, their product range, their strategies, and future prospects are very valuable. The meticulous efforts accompanied with integrated approaches results into an excellent market research report that drives the decision making process of the business. This antimicrobial agent market report provides with CAGR value fluctuation during the forecast period of 2019-2026 for the market. To figure out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour, the finest market research report is very essential.
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Key Market Competitors:
Few of the major competitors currently working in the global antimicrobial agent market are Nanobiomatters; BASF SE; RTP Company; Microban International; Clariant; Momentive; Life Material Technologies Limited; RADICAL MATERIALS LTD.; SANITIZED AG; Akzo Nobel N.V.; DuPont and Dow; BioCote Limited; Plastics Color Corporation; Ampacet Corporation; Lonza; Croda International Plc; Solvay; Evonik Industries AG; Wacker Chemie AG among others.
Key Developments in the Market:
In June 2019, SANITIZED AG announced the availability of “Sanitized Mintactiv” their latest antimicrobial additive infused with peppermint. This product has been developed keeping a focus on the requirements of odor-free textile applicable antimicrobial products which can meet the various individual requirements of sustainability while being highly effective against gram-positive and gram-negative bacteria
In November 2017, Ampacet announced the launch of “GERMSCLEAN 684”, which is defined as an antimicrobial additive applicable in protection of plastics and plastic-based articles with the help of silver-based technology. This additive finds its application in plastic film and moulding of plastics offering long-term protection against communication of diseases and bacteria
Competitive Analysis:
Global antimicrobial agent market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of antimicrobial agent market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
Increasing usage of these agents for personal care & cosmetics manufacturing; this factor is expected to drive the growth of the market
Growing prevalence of individuals suffering from allergies; this factor is expected to propel the growth of the market
Growing areas of applications due to the growth of medical devices consumption; this factor is expected to fuel the growth of the market
Rising demand for antimicrobial packaging is expected to have a positive impact on the growth of the market
Market Restraints:
High costs associated with these products and their usage in different applications; this factor is expected to hinder the growth of the market
Presence of various regulations regarding the usage of these agents in different applications; this factor is expected to restrict the growth of the market
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Segmentation: Global Antimicrobial Agent Market
By Product
(Antibacterial Agent, Antifungal Agent, Antiviral Agent, Antiparasitic Agent),
Type
(Organic, Inorganic),
Form
(Dry, Liquid),
Application
(Plastics, Paint & Coatings, Pulp & Paper, Personal Care & Cosmetics, Others),
End-User
(Healthcare, Packaging, Food & Beverages, Construction, Automotive, Others),
Geography
(North America, Europe, Asia-Pacific, South America, Middle East and Africa)
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