Emergence of new types of infectious microorganisms and rise in utilization for production of plastic products fuel the growth of the global antimicrobial additives market. Asia-Pacific held the highest share of the market in 2019, and will continue its lead position during the forecast period. There has been a considerable increase in demand for antimicrobial additives from the healthcare sector for its usage in production of face masks.

Portland, OR, Jan. 15, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global antimicrobial additives market garnered $5.1 billion in 2019, and is projected to generate $7.5 billion by 2027, manifesting a CAGR of 6.8% from 2020 to 2027. The report offers a detailed analysis of changing market trends, key winning strategies, top segments, major investment pockets, and regional landscape.

Emergence of new types of infectious microorganisms and rise in utilization for production of plastic products fuel the growth of the global antimicrobial additives market. However, lowered level of antimicrobial action in surface coatings restrains the market growth. On the other hand, application of natural antimicrobial additives for food packaging presents numerous opportunities in the coming years.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/2624

Covid-19 Scenario:

• There has been a considerable increase in demand for antimicrobial additives from the healthcare sector, owing to its usage in production of face masks, apparels, and other primary protective equipment required during the Covid-19 pandemic.

• Owing to the sudden halt in industries such as construction, automotive, and others due to the lockdown, the demand has taken a plunge significantly. However, the demand is expected to take off during the post-lockdown period as the day-to-day activities get back on track.

The report provides detailed segmentation of the global antimicrobial additives market based on product type, application, end-use, and region.

By product type, the inorganic antimicrobial additives segment held the highest share in 2019, accounting for nearly four-fifths of the market, and is projected to maintain its leadership status throughout the forecast period. However, the organic antimicrobial additives segment is expected to grow at the fastest CAGR of 7.2% from 2020 to 2027.

Get Detailed COVID-19 Impact Analysis on the Antimicrobial Additives Market: https://www.alliedmarketresearch.com/request-for-customization/2624?reqfor=covid

By application, the paints & coatings segment is estimated to manifest the highest CAGR of 7.2% during the forecast period. However, the plastic segment accounted for the highest share in 2019, contributing to nearly one-third of the global antimicrobial additives market, and will maintain its dominance in terms of revenue by 2027.

Based on region, Asia-Pacific held the highest share of the market in 2019, accounting for more than one-third of the total share, and will continue its lead position during the forecast period. Moreover, this region is estimated to portray the highest CAGR of 7.6% from 2020 to 2027. The report also analyzes regions including Europe, North America, and LAMEA.

Leading players of the global antimicrobial additives market analyzed in the research include BioCote Limited, BASF SE, KingPlastic Corporation, Milliken Chemical, Microban International Limited, Clariant AG, Sanitized AG, PolyOne Corporation (Avient Corporation), Lyondell Basell, and DOW Inc.

Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/antimicrobial-additives-market/purchase-options

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter