Antimicrobial chemicals are agents or additives that are capable of destroying or impeding the growth of disease causing microbes. Antimicrobial chemicals are organic and inorganic substances that prevent the pathogenicity of microorganisms. Antimicrobial chemicals include all agents that restricts the growth and reproduction of causative organisms such as bacteria, fungi, parasites, virus, etc. Antimicrobial chemicals comprise antibacterial, antiviral, antifungal, and antiprotozoal agents that prevent bacterial, fungal, and viral growth in materials exposed to high levels of moisture, ultraviolet radiations, and unsanitary conditions. These chemicals disinfect, sanitize, and alleviate the growth of microorganisms, protect inanimate objects, industrial processes, surfaces, water or other chemical substances from contamination or deterioration caused by microorganisms. Such antimicrobial chemicals are found in soaps, hand sanitizers, and toothpastes to ensure the safety for humans, animals, and the environment.
The global antimicrobial chemicals market is primarily driven by the increase in demand for antimicrobial agents from the healthcare industry. The spread of contagious diseases such as Zika, Ebola, swine flu, hepatitis, HIV, and tuberculosis has created immense pressure on personnel for their protection. Poor sanitation, air pollution, water pollution, and climatic changes are projected to increase the usage of antimicrobial chemicals in health care products. Increase in transmission of foodborne diseases such as Campylobacter, Salmonella, E. coli, Listeria and rising public concern about such diseases are expected to boost the demand for antimicrobial chemicals. Increase in population and change in lifestyle of people are anticipated to drive the demand for antimicrobial chemicals in consumer applications. Stringent regulations regarding food hygiene and safety are anticipated to fuel the demand for antimicrobial chemicals in food and healthcare industries. However, improper disposal of antimicrobial chemicals is expected to lead to contamination of water and soil, which is likely to hamper the antimicrobial chemicals market.
Based on type, the antimicrobial chemicals market can be segmented into inorganic antimicrobial chemicals (silver antimicrobial additives, zinc antimicrobial additives, copper antimicrobial additives, and others) and organic antimicrobial chemicals (phenolic biocides, quaternary ammonium compounds, fungicides, and others). The silver antimicrobial additives (inorganic antimicrobial chemicals) segment held a key share of the global antimicrobial chemicals market in 2016. Silver exhibits high antibacterial and antifungal characteristics and is predominantly utilized in soaps and toothpastes.
In terms of end-use, the antimicrobial chemicals market can be divided into silicone, rubber, plastics, textiles, coatings, and others. The plastics segment accounts for a significant share of the global antimicrobial chemicals market. On account of non-volatility and chemical stability, antimicrobial chemicals are compounded along with polymers.
Based on application, the antimicrobial chemicals market can be segregated into health & personal care, food & catering, packaging, building & construction, and others. The health & personal care segment is estimated to hold a major share of the global antimicrobial chemicals market. Antimicrobial chemicals are widely employed in catheters, dental trays, healthcare storage, mobile workstations and carts, cleaning products, and over-the-counter medical products.
In terms of geography, the antimicrobial chemicals market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The market in Asia Pacific is expanding rapidly owing to the rise in population, developing infrastructure, and stable economic growth in the region. North America and Europe also held significant shares of the antimicrobial chemicals market owing to the increase in demand for antimicrobial chemicals in end-use industries in these regions.
Key players operating in the global antimicrobial chemicals market include BASF SE, Biocote Limited, Goulston Technologies, Inc., Life Material Technologies Limited, Microban International, Ltd, Milliken Chemical, and The Dow Chemical Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.