Improving the product safety is a top priority for participants in
the global cosmetics industry. To ensure that their products are safe
for human use, manufacturers of cosmetic products are using
antimicrobial ingredients as additives in production techniques.
Alcohols and other types of antimicrobial ingredients are being used
in production of cosmetics, allowing the user to apply these products
without being concerned about grave side-effects. Moreover, the role
of antimicrobial ingredients in extending the product life is also
supporting the robust end-use in the cosmetics landscape. Companies
namely, Ashland Global Holdings Inc., BASF SE, Croda International
Plc., Lonza Group Ltd., Clariant AG, The Dow Chemical Company, Solvay
SA, Akzo Nobel N.V., Wacker Chemie AG, and Evonik Industries AG are
expected to spearhead the global production of antimicrobial
ingredients in the near future.
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According to Transparency Market Research’s latest report, the
global antimicrobial ingredients market is poised to register global
sales of nearly 118,000 tons of antimicrobial ingredients by the end
of forecast period, 2017-2026. During this period, the global market
for antimicrobial ingredients is assessed to expand at a CAGR of 4.1%
in terms of volume. The report has observed these companies as the
key stakeholders in the global antimicrobial ingredients landscape.
Mexico and Brazil are among the leading producers of ingredients with
antimicrobial properties. Relatively easy procurement of raw
materials required to produce antimicrobial ingredients at a
commercial scale continues to bolster Latin America’s antimicrobial
ingredients market. In addition, low-wage skilled labor further aids
the manufacturers, and increases the profit margins for players in
the Latin American antimicrobial ingredients market. 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, the report also projects that
Europe and Asia-Pacific excluding Japan (APEJ) will represent fastest
expansion by reflecting volume CAGRs above 5.5% during the forecast
period.
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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. Increasing importance of protecting
cosmetic products from common bacterial outgrowth will continue to
fuel the demand for antibacterial agents in the global antimicrobial
ingredients market. By the end of 2026, more than 32,000 tons of
antibacterial agents are pegged to be sold globally. The report has
also assessed a lucrative growth in demand for antifungal and
anti-parasitic agents throughout the forecast period.
Majority of antimicrobial ingredients produced in the future will be
used in manufacturing skin care products. By 2026-end, more than
one-fourth of antimicrobial ingredients produced in the global market
will be used in the production of skin care products. Hair care
products is also expected to emerge as a key end-use of antimicrobial
ingredients, and will register a volume CAGR of 4.2% over the
forecast period. The report further estimates that antimicrobial
ingredients will be predominantly manufactured in dry form over the
foreseeable future. Limitations of liquid ingredients in terms of
applications will continue to drive the scope for dry antimicrobial
ingredients through 2026.
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