The antimicrobial materials industry has been witnessing significant growth, driven by a pandemic-induced increase in concerns about hygiene and cleanliness. Frost & Sullivan expects the antimicrobial materials industry to have a CAGR of 16.0% between 2023 and 2030. A competitive upswing is anticipated in this space, prompting companies to fuel their innovation pipeline. This study examines the use of antimicrobial materials across different industries and analyzes how transformative Megatrends and changing consumer preferences will impact the demand for specific antimicrobial materials. The study segments the antimicrobial materials industry based on 4 key applications: plastics, coatings, textiles & fabrics, and ceramics. It also covers food packaging, medical devices, consumer goods & electronics, and film in the plastics segment. The study gauges the market relevance of antimicrobial technology in these end-user sectors and estimates its potential for adoption across these segments. The study identifies the factors driving and restraining the industry and highlights the growth opportunities emerging from the changes in this space for stakeholders across the value chain to leverage. The base year is 2023, and the forecast period is from 2024 to 2030.
The Impact of the Top 3 Strategic Imperatives on the Antimicrobial Materials Industry
Transformative Mega Trends
Why
- The pandemic has led to growing concerns about health and hygiene. Antimicrobial materials are seen as a preventive measure to reduce the risk of infections.
- The demand for these materials has surged significantly, particularly in healthcare, educational, and other public facilities with high traffic.
Frost Perspective
- Frost & Sullivan expects the antimicrobial materials industry to grow at a CAGR of 16.0% from 2023 to 2030. The plastic and coatings segments are leading the way, driven by strong consumer demand.
- Market participants are proactively diversifying their portfolios to capitalize on this trend. A competitive upswing is expected, prompting companies to fuel their innovation pipeline.
Disruptive Technologies
Why
- Antimicrobial materials have gained high relevancy due to the increased awareness of hygiene among consumers. The market is calling for increased innovation, efficacy, durability, and cost-effectiveness.
- Manufacturing operations must reshape their approach to align with consumer needs.
Frost Perspective
- Technological advancements are a must to thrive in this dynamic market. Currently, drop-in solutions like antimicrobial film and coatings are favored for easy integration into existing manufacturing.
- As the technology advances and commercializes, integrated antimicrobial technology that lasts longer will take market share from alternatives.
Industry Convergence
Why
- Still at a nascent stage, there are gaps between consumer needs and technology availability that need to be addressed. The most effective way to thrive in this scenario is by adopting a collaborative approach and integrating antimicrobial properties across materials. This will help align with evolving consumer expectations.
Frost Perspective
- In the coming decade, Frost & Sullivan foresees increased collaborations to deliver the best solutions aligned with consumer needs.
- For instance, a company focused on developing antimicrobial technology might not grasp the textile consumer's needs. Collaborating with textile manufacturers is essential to bridge this understanding gap and deliver products that truly meet consumer expectations.
Scope
| Geographic Coverage | Global |
|---|---|
| Study Period | 2020–2030 |
| Base Year | 2023 |
| Forecast Period | 2024–2030 |
| Monetary Unit | US Dollars ($) |
| Unit Shipment | MT (Million Tonnes) Billion Liters (for coatings) |
| Currency Conversion Rate (as of December 31, 2023) | €1.00 = $1.10 |
Segmentation
Applications
Plastics
- Food Packaging
- Medical Plastics
- Consumer Goods & Electronics
- Film
Coatings
- Building & Construction
- Automotive & Aerospace
- Healthcare
- Others*
Textiles & Fabrics
- Clothing
- Personal Protective Equipment (PPE)
- Seat Covers
- Household Goods
Ceramics
- Flooring
- Tableware
Competitive Environment
| Number of Competitors | >100 |
| Competitive Factors | Cost, performance, technology, and innovation |
| Key End-user Industry Verticals | Plastic, coatings, textiles & fabrics, and ceramics |
| Leading Competitors | Microban, Biocote, Polygiene, HeiQ, Americhem, Foster Corporation, Biosilico |
| Key Takeaway | The market is intensely competitive, with numerous players focusing on specific segments rather than the entire market. Companies like Avient, Sarex, Ultra Fresh, and NIChem operate exclusively in the antimicrobial plastics sector. The coming decade will witness a surge in competition with significant innovations that can potentially disrupt the current industry. Frost & Sullivan anticipates close collaboration between end-user industries and additive companies to thoroughly comprehend challenges and deliver optimal solutions. |
Antimicrobial Food Packaging: Growth Drivers and Restraints
Antimicrobial Food Packaging: Growth Drivers
- Increased awareness among consumers
- The need to reduce food waste
- Sustainability efforts
Antimicrobial Food Packaging: Growth Restraints
- Regional preferences
- Other innovative technologies
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Antimicrobial Materials Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Feature Analysis
Growth Potential
Scope of Analysis
Market Definition
Segmentation
Growth Metrics
Value Chain Analysis
Value Chain Analysis (continued)
Total TAM Forecast
TAM Forecast by Industry Vertical or Application
TAM Forecast Analysis
Price Growth Analysis
Competitive Environment
Antimicrobial Materials for Plastics
Antimicrobial Plastics: Growth Metrics
Antimicrobial Plastics: TAM and Volume Forecast
Antimicrobial ood ackaging: Market Penetration and Market Potential
Antimicrobial Food Packaging: Growth Drivers and Restraints
Antimicrobial Food Packaging: Growth Driver Analysis
Antimicrobial Food Packaging: Growth Restraint Analysis
Antimicrobial Food Packaging: Growth Environment
Antimicrobial Food Packaging: Strategies in Action
Antimicrobial Medical Plastics: Market Penetration and Market Potential
Antimicrobial Medical Plastics: Growth Drivers and Restraints
Antimicrobial Medical Plastics: Growth Driver and Restraint Analysis
Antimicrobial Medical Plastics: Growth Environment
Antimicrobial Medical Plastics: Strategies in Action
Antimicrobial Consumer Goods & Electronics: Market Penetration and Market Potential
Antimicrobial Consumer Goods & Electronics: Growth Drivers and Restraints
Antimicrobial Consumer Goods & Electronics: Growth Driver and Restraint Analysis
Antimicrobial Consumer Goods & Electronics: Strategies in Action
Antimicrobial Film: Market Potential
Antimicrobial Film: Strategies in Action
Antimicrobial Coatings: Segment Overview
Antimicrobial Coatings: Growth Metrics
Antimicrobial Coatings: TAM and Volume Forecast
Antimicrobial Coatings: Market Penetration and Market Potential
Antimicrobial Coatings: Growth Drivers and Restraints
Antimicrobial Coatings: Growth Driver and Restraint Analysis
Antimicrobial Coatings: Strategies in Action
Antimicrobial Coatings: Strategies in Action (continued)
Antimicrobial Coatings: Adoption by End-use Industry
Antimicrobial Textiles & Fabrics: Segment Overview
Antimicrobial Materials for Textiles & Fabrics
Antimicrobial Textiles & Fabrics: Growth Metrics
Antimicrobial Textiles & Fabrics: TAM and Volume Forecast
Antimicrobial Textiles & Fabrics: Market Penetration and Market Potential
Antimicrobial Textiles & Fabrics: Growth Drivers and Restraints
Antimicrobial Textiles & Fabrics: Growth Driver and Restraint Analysis
Antimicrobial Textiles & Fabrics: Strategies in Action
Antimicrobial Textiles & Fabrics: Strategies in Action (continued)
Antimicrobial Ceramics: Segment Overview
Antimicrobial Ceramics: Growth Metrics
Antimicrobial Ceramics: TAM and Volume Forecast
Antimicrobial Ceramics: Market Penetration and Market Potential
Antimicrobial Ceramics: Growth Drivers and Restraints
Antimicrobial Ceramics: Growth Driver and Restraint Analysis
Antimicrobial Ceramics: Strategies in Action
Growth Opportunity 1: Promoting Cross-industry Collaboration
Growth Opportunity 1: Promoting Cross-industry Collaboration (continued)
Growth Opportunity 2: Adapting to Current Industry Dynamics
Growth Opportunity 2: Adapting to Current Industry Dynamics (continued)
Growth Opportunity 3: Fueling Innovation in Sustainable Antimicrobial Solutions
Growth Opportunity 3: Fueling Innovation in Sustainable Antimicrobial Solutions (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
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The antimicrobial materials industry has been witnessing significant growth, driven by a pandemic-induced increase in concerns about hygiene and cleanliness. Frost & Sullivan expects the antimicrobial materials industry to have a CAGR of 16.0% between 2023 and 2030. A competitive upswing is anticipated in this space, prompting companies to fuel their innovation pipeline. This study examines the use of antimicrobial materials across different industries and analyzes how transformative Megatrends and changing consumer preferences will impact the demand for specific antimicrobial materials. The study segments the antimicrobial materials industry based on 4 key applications: plastics, coatings, textiles & fabrics, and ceramics. It also covers food packaging, medical devices, consumer goods & electronics, and film in the plastics segment. The study gauges the market relevance of antimicrobial technology in these end-user sectors and estimates its potential for adoption across these segments. The study identifies the factors driving and restraining the industry and highlights the growth opportunities emerging from the changes in this space for stakeholders across the value chain to leverage. The base year is 2023, and the forecast period is from 2024 to 2030.
| Deliverable Type | Market Research |
|---|---|
| Author | Kishan Waghela |
| Industries | Chemicals and Materials |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Antimicrobial Materials Market |
| Keyword 2 | Antimicrobial Growth Opportunities |
| Keyword 3 | Market Trends Antimicrobial |
| Podcast | No |
| WIP Number | PF35-01-00-00-00 |
Growth Opportunities in Antimicrobial Materials
Growth Opportunities in Antimicrobial Materials
Evolving Consumer Dynamics and Disruptive Technologies will Enhance Market Potential
RELEASE DATE
22-May-2024
22-May-2024
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: PF35-01-00-00-00
SKU: CM_2024_732
$4,950.00
In stock
SKU
CM_2024_732