Valley Cottage, NY, Oct. 8, 2015 (GLOBE NEWSWIRE) -- Future Market Insights (FMI) delivers key insights on the Global Antimicrobial Additives Market in its upcoming report titled "Antimicrobial Additives Market: Global Industry Analysis and Opportunity Assessment 2015-2025".The global antimicrobial additives market is projected to expand at a healthy CAGR of 8.0% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.
The benefits offered by anti-microbial products include quality enhancement of equipment / materials in terms of resistance towards microbial growth, improved product performance and durability. In addition, various environmental regulations are driving growth of the global anti-microbial additives market currently. Some of the underlying factors driving growth of the market include changing consumer lifestyle, i.e. shifting preference towards hygiene and disposable products and increasing health awareness among consumers globally.
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Some anti-microbial additives are hazardous to the environment when disposed. Research initiatives by environmental institutions suggest that anti-bacterial chemicals constitute a significant portion of soil and water contaminants. The issue of safe disposal and harmful effects of these additives on the eco-system is identified as a restraining factor for the growth of the global anti-microbial additives market.
Widening scope for usage of anti-microbial additives in healthcare products, such as medical devices, disposable hygiene products and other medical devices, is identified as one of the key trends in the market. Stringent environment regulations have prompted anti-microbial additives manufacturers to innovate and launch new compositions in order to meet the safe disposal and anti-bacterial properties criterion.
On the basis of applications, the antimicrobial additives market is segmented into paints and coatings, inks, paper, plastics, fabric/textile, silicone and rubber, and other applications. On the basis of the end use industry, the antimicrobial additives market is segmented into building and construction, healthcare, automotive, electronics, food and beverages and other end use industries. On the basis of regions, the global antimicrobial additives market is segmented into seven key regions, including Asia Pacific, North America, Western Europe, Eastern Europe, Latin America, the Middle East and Africa and Japan.
Browse Full: "Antimicrobial Additives Market: Global Industry Analysis and Opportunity Assessment 2015-2025" Market Research Report at http://www.futuremarketinsights.com/reports/global-antimicrobial-additives-market
As of 2014, the plastics application was the largest segment in the global antimicrobial additives market, followed by paints and coatings and textile applications. The plastics application segment is projected to remain the largest segment throughout the forecast period, corresponding to incremental $ opportunity of US$ 2,954 Mn between 2015 and 2025.
As of 2014, food and beverages was the largest end use industry segment in the global antimicrobial additives market, followed by the healthcare and other segments. Both these segments are expected to offer similar incremental $ opportunity for the antimicrobial additive manufacturers during the forecast period.
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As of 2014, Asia Pacific excluding Japan (APEJ) accounted for the largest market value share of the global antimicrobial additives market, followed by Western Europe, North America and other regions. Developing regions including APEJ, Eastern Europe, Latin America and the Middle East & Africa collectively accounted for more than 50% share of the overall market in 2014 and are further expected to gain market share by 2025. The BRICS antimicrobial additives market is projected to account for a significant share of the overall market by the end of forecast period and is anticipated to expand at a promising CAGR of more than 9% during the forecast period.
Some of the key players in the antimicrobial additives market that have been covered in this study include AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd. and Nanobiomatters Industries S.L.
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Source: Future Market Insights