Mold Inhibitors Market
Mold Inhibitors Market Forecasts to 2030 - Global Analysis By Product (Benzoates, Parabens, Propionates, Sorbates and Other Products), Type, Form, Application, End User and By Geography
According to Stratistics MRC, the Global Mold Inhibitors Market is accounted for $2.0 billion in 2023 and is expected to reach $2.9 billion by 2030 growing at a CAGR of 5.5% during the forecast period. Mold inhibitors are substances or chemicals that are used to prevent or inhibit the growth of mold and mildew. They are commonly used in various products and environments to protect against the harmful effects of mold, such as structural damage, health hazards, and unpleasant odors. Mold inhibitors can be found in a range of products, including building materials (like paints, coatings, and sealants), food and beverage preservatives, personal care products, and cleaning solutions. They play a crucial role in maintaining a healthy and mold-free environment in homes, commercial buildings, food storage facilities, and other settings where mold growth can be a concern.
Market Dynamics:
Driver:
Rising food-related health issues and awareness
As food-related health concerns continue to rise, there's a growing awareness and demand for safer practices in the market. Consumers are increasingly mindful of potential health risks associated with mold-contaminated food products. This trend is driving the market towards developing and adopting innovative, natural, and non-toxic mold inhibition solutions to ensure food safety and quality. Manufacturers are responding by focusing on sustainable and effective methods to address these pressing health issues.
Restraint:
Lack of advanced technologies and storage facilities
The market faces challenges due to a lack of advanced technologies and inadequate storage facilities. This hampers efficient production, distribution, and preservation of mold inhibitors, impacting product quality and shelf life. Without modern technologies like automated manufacturing and precise monitoring systems, the industry struggles to meet demand consistently. Additionally, insufficient storage facilities result in inventory management issues, affecting supply chain efficiency and market competitiveness. These limitations underscore the need for investments and advancements in technology within the Mold Inhibitors sector.
Opportunity:
Increasing demand for longer shelf lives
The market is witnessing a surge in demand for products with extended shelf lives, driven by increasing consumer awareness about food safety and preservation. This trend reflects a growing preference for sustainable and quality-driven solutions across various industries, including food and beverages, pharmaceuticals, and cosmetics. As companies strive to meet these evolving consumer needs, there's a notable emphasis on developing innovative mold inhibitors capable of ensuring product freshness and longevity without compromising on safety or efficacy.
Threat:
Raw material price fluctuations
The market often experiences significant fluctuations in raw material prices due to various factors such as changes in supply and demand dynamics, weather conditions affecting crop yields, geopolitical events impacting trade routes, and currency exchange rate fluctuations. These fluctuations can have a direct impact on production costs and ultimately influence pricing strategies within the market, leading to both challenges and opportunities for industry players.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market. With increased focus on hygiene and sanitation, demand surged initially as people sought products to inhibit mold growth in homes and commercial spaces. However, supply chain disruptions, economic uncertainties, and shifting consumer priorities led to fluctuations in demand. The market adapted by emphasizing eco-friendly solutions and enhancing product effectiveness. Overall, the pandemic reshaped consumer preferences and market dynamics for the market.
The propionates segment is expected to be the largest during the forecast period
The propionates segment is expected to be the largest during the forecast period. Their widespread use stems from their ability to prevent mold growth in various food and beverage products, extending shelf life and ensuring product safety. Propionates inhibit the development of mold by disrupting crucial metabolic processes, making them indispensable in the food industry's efforts to maintain product quality and freshness. As consumer demand for safe and long-lasting food options increases, propionates continue to play a vital role in mold inhibition strategies.
The Industrial segment is expected to have the highest CAGR during the forecast period
The Industrial segment is expected to have the highest CAGR during the forecast period driven by increased demand for advanced solutions in various industries. These inhibitors play a crucial role in preventing mold and fungal growth, ensuring product quality and safety. Key factors such as stringent regulatory standards, rising awareness about health hazards associated with molds, and technological advancements in mold prevention methods are fueling market expansion.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by increasing awareness about indoor air quality and health concerns. Consumers are opting for mold inhibitors in paints, coatings, and building materials to prevent mold growth. The market sees significant demand from the construction sector, where mold prevention is crucial for long-term building integrity. Key players are focusing on developing eco-friendly and long-lasting solutions, further fueling market growth in the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The food processing industry in the region is also expanding rapidly, driven by factors such as urbanization, changing consumer lifestyles, and increasing disposable incomes. Additionally, regulatory bodies in many countries are implementing stringent guidelines and regulations regarding food safety and quality. This has further propelled the demand for mold inhibitors as food manufacturers strive to comply with these standards and ensure their products are safe for consumption.
Key players in the market
Some of the key players in Mold Inhibitors market include BASF SE, Dow Chemical Company, Lonza Group Ltd., LANXESS AG, Eastman Chemical Company, Clariant AG, Huntsman Corporation, Evonik Industries AG, Croda International Plc, Mitsubishi Chemical Corporation, Sumitomo Chemical Co., Ltd., Thor Group Limited, Cortec Corporation, Ecolab Inc. and Wacker Chemie AG.
Key Developments:
In November 2022, Cooperation between BASF and G-Philos on stationary storage solutions for renewable energy projects is intensifying.
In April 2022, BASF and SINOPEC broke ground for the expansion of their Verbund site operated by BASF-YPC Co., Ltd. (BASF-YPC), a 50-50 joint venture of both companies in Nanjing.
Products Covered:
• Benzoates
• Parabens
• Propionates
• Sorbates
• Other Products
Types Covered:
• Organic
• Inorganic
• Natural
• Synthetic
Forms Covered:
• Liquid
• Powder
• Gas
Applications Covered:
• Pharmaceuticals
• Paints & Coatings
• Personal Care & Cosmetics
• Agriculture & Horticulture
• Food & Beverages
• Other Applications
End Users Covered:
• Commercial
• Industrial
• Residential
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Mold Inhibitors Market, By Product
5.1 Introduction
5.2 Benzoates
5.3 Parabens
5.4 Propionates
5.5 Sorbates
5.6 Other Products
6 Global Mold Inhibitors Market, By Type
6.1 Introduction
6.2 Organic
6.3 Inorganic
6.4 Natural
6.5 Synthetic
7 Global Mold Inhibitors Market, By Form
7.1 Introduction
7.2 Liquid
7.3 Powder
7.4 Gas
8 Global Mold Inhibitors Market, By Application
8.1 Introduction
8.2 Pharmaceuticals
8.3 Paints & Coatings
8.4 Personal Care & Cosmetics
8.5 Agriculture & Horticulture
8.6 Food & Beverages
8.7 Other Applications
9 Global Mold Inhibitors Market, By End User
9.1 Introduction
9.2 Commercial
9.3 Industrial
9.4 Residential
9.5 Other End Users
10 Global Mold Inhibitors Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 Dow Chemical Company
12.3 Lonza Group Ltd.
12.4 LANXESS AG
12.5 Eastman Chemical Company
12.6 Clariant AG
12.7 Huntsman Corporation
12.8 Evonik Industries AG
12.9 Croda International Plc
12.10 Mitsubishi Chemical Corporation
12.11 Sumitomo Chemical Co., Ltd.
12.12 Thor Group Limited
12.13 Cortec Corporation
12.14 Ecolab Inc.
12.15 Wacker Chemie AG
List of Tables
1 Global Mold Inhibitors Market Outlook, By Region (2021-2030) ($MN)
2 Global Mold Inhibitors Market Outlook, By Product (2021-2030) ($MN)
3 Global Mold Inhibitors Market Outlook, By Benzoates (2021-2030) ($MN)
4 Global Mold Inhibitors Market Outlook, By Parabens (2021-2030) ($MN)
5 Global Mold Inhibitors Market Outlook, By Propionates (2021-2030) ($MN)
6 Global Mold Inhibitors Market Outlook, By Sorbates (2021-2030) ($MN)
7 Global Mold Inhibitors Market Outlook, By Other Products (2021-2030) ($MN)
8 Global Mold Inhibitors Market Outlook, By Type (2021-2030) ($MN)
9 Global Mold Inhibitors Market Outlook, By Organic (2021-2030) ($MN)
10 Global Mold Inhibitors Market Outlook, By Inorganic (2021-2030) ($MN)
11 Global Mold Inhibitors Market Outlook, By Natural (2021-2030) ($MN)
12 Global Mold Inhibitors Market Outlook, By Synthetic (2021-2030) ($MN)
13 Global Mold Inhibitors Market Outlook, By Form (2021-2030) ($MN)
14 Global Mold Inhibitors Market Outlook, By Liquid (2021-2030) ($MN)
15 Global Mold Inhibitors Market Outlook, By Powder (2021-2030) ($MN)
16 Global Mold Inhibitors Market Outlook, By Gas (2021-2030) ($MN)
17 Global Mold Inhibitors Market Outlook, By Application (2021-2030) ($MN)
18 Global Mold Inhibitors Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
19 Global Mold Inhibitors Market Outlook, By Paints & Coatings (2021-2030) ($MN)
20 Global Mold Inhibitors Market Outlook, By Personal Care & Cosmetics (2021-2030) ($MN)
21 Global Mold Inhibitors Market Outlook, By Agriculture & Horticulture (2021-2030) ($MN)
22 Global Mold Inhibitors Market Outlook, By Food & Beverages (2021-2030) ($MN)
23 Global Mold Inhibitors Market Outlook, By Other Applications (2021-2030) ($MN)
24 Global Mold Inhibitors Market Outlook, By End User (2021-2030) ($MN)
25 Global Mold Inhibitors Market Outlook, By Commercial (2021-2030) ($MN)
26 Global Mold Inhibitors Market Outlook, By Industrial (2021-2030) ($MN)
27 Global Mold Inhibitors Market Outlook, By Residential (2021-2030) ($MN)
28 Global Mold Inhibitors Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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