Antimicrobial Additives Market to Post 6.7% CAGR through 2021, Says MarketsandMarkets in Its New Report Now Available at MarketPublishers.com14 Sep 2016 • by Natalie Aster
LONDON – At present, the world’s antimicrobial additives market is gaining momentum, propelled by strong demand from the APAC region together with expanding end-use industries, including packaging, healthcare, construction, automotive, food & beverage, among others. Other considerable market growth drivers include favourable government proposals in APAC to improve public infrastructure and increasing cash-intensive non-residential construction.
Size of the world’s antimicrobial additives market is forecast to grow at a 6.7% CAGR in the next 5 years and will likely reach USD 3.95 billion by the year 2021. The silver-based antimicrobial additives sector is anticipated to see the highest growth rates through 2021. This sector maintains the top position due to numerous benefits of silver-based antimicrobial additives like non-toxicity, environmental friendliness and high thermal stability. Moreover, the demand for silver-based antimicrobial additives from the key end-use sectors is rather high.
APAC will likely hold the dominant position (in terms of size and growth rates) in the world’s antimicrobial additives market.
New research study “Antimicrobial Additives Market by Type, Organic, Application, End-Use Industry - Global Forecast to 2021” prepared by MarketsandMarkets presents a comprehensive guide to the world’s antimicrobial additives market, offers data on the market size, drivers, restraints, trends, shares and key aspects. It includes a detailed market segmentation analysis on the basis of geography, additives types and end-use sectors. The report touches upon the regulative initiatives, explores the competitive scenario, profiles the top players and also provides an all-round five-year future outlook for the global antimicrobial additives market.
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