Albany, NY -- (SBWire) -- 03/08/2018 --Presently, it has become vital to ensure that any type of cosmetic products used by consumers is safe and efficient. Manufacturers of cosmetic products around the world are using antimicrobial ingredients as additives in production techniques. Their role in protecting the life of the product and increasing the safety of consumers using the product will continue to drive their demand in the coming years, finds a new study broadcasted to the wide repository of Market Research Hub (MRH). The research study is titled as "Antimicrobial Ingredients Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026" which is a professional and in-depth analysis on the current state and future prospect of the antimicrobial ingredients market by 2026 end. It provides reliable information to industry insiders, potential entrants and investors.
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According to the research key evaluations, the global antimicrobial ingredients market is poised to register global sales of nearly 118,00 tons of antimicrobial ingredients by the end of forecast period, 2017-2026. In addition, the global market for antimicrobial ingredients observed to expand at a CAGR of 4.1% in terms of volume until the end of 2026. As reported, cosmetics and personal care products are observed as the single-most largest end-use industry for antimicrobial ingredients. In the coming years, the demand for antimicrobial ingredients is expected to see a noteworthy traction in the view of rising sales of skin care and hair care products.
Research Inclusion
The report has offered an overview of the cosmetics industry and also studied the role of antimicrobial ingredients in the production of cosmetics. In order to capture a global understanding, the report has computed its market size forecasts in terms of volumes (tons) across various geographies, such as North America, Latin America, Japan, Europe, MEA and APEJ.
Moreover, the antimicrobial ingredients market can be primarily segmented into three categories: product-type, end-use and form. On the basis of product type, the research covers antibacterial agent, antifungal agent, antiparasitic agent and antiviral agent. Of these, the report has forecasted that by the end of 2026, antibacterial agents will emerge as the top-selling products in the global antimicrobial ingredients market. Major end-users mentioned in the study are makeup products, skincare, haircare, oral care and others. These antimicrobial ingredients are presented in two forms, such as dry and liquid.
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Geographically, the report estimates that by the end of 2026, around 30% of antimicrobial ingredients produced in the world will translate into heavy revenues procured from Latin America. However, Europe and Asia-Pacific excluding Japan (APEJ) will represent the fastest expansion in the future.
The report also provides extensive competitive analysis and profiles of the principal companies in the global antimicrobial ingredients market such as Akzo Nobel N.V., The Dow Chemical Company, BASF SE, Clariant AG, Ashland Global Holdings Inc., Lonza Group Ltd., Croda International Plc., Solvay SA, Evonik Industries AG, and Wacker Chemie AG.
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Global Antimicrobial Ingredients Market to Witness Significant Traction Through 2026 Due to Constant Growth in Cosmetic Industry
By the end of 2026, around 28% of global antimicrobial ingredients market volumes will be accounted by skin care product applications.