Global Antimicrobial Additives Market by Types, Applications, and Regions— Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Antimicrobial Additives Market was valued at USD 2.6 Billion in 2018, and is set to grow at CAGR of 8.2% during forecast period 2020–2026. Growing urbanization, rising demand for inorganic additives in wide range of applications, increasing consumption in medical devices, growing awareness about health-related issues among consumers are key factors driving the market.

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After the COVID-19 pandemic situation, Japan, India, and Indonesia are expected to contribute to the growth of construction sector in the Asia Pacific region owing to increasing consumer disposable income and rising government spending on large infrastructural projects. This will drive the market growth. Moreover, ascending demand for commercial, residential, and institutional buildings in China, on account of growing population, is in turn, contributing to the growth of the market.

The market in U.S. is expected to witness moderate growth over the coming years. High demand for advanced healthcare services in the country, owing to the availability of well-developed healthcare infrastructure and reimbursement coverage, is anticipated to drive the medical devices industry, thereby boosting market growth. Rising target population and increasing cases of car accidents are projected to propel the need for surgeries, thereby supporting market growth.