Growth Opportunities in Antimicrobial Materials

Growth Opportunities in Antimicrobial Materials

Evolving Consumer Dynamics and Disruptive Technologies will Enhance Market Potential

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.