Mold Inhibitors Market Worth $1,780.3 Million By 2019 - New Report by MarketsandMarkets
(PRWEB) May 07, 2014 -- The report defines the "Mold Inhibitors Market By Type (Propionates, Sorbates, Benzoates, and Natamycin), By Application (Food, Feed, Paint, Pharmaceuticals, and Cosmetics) - Global Trends & Forecast to 2019". It also identifies the driving and restraining factors of the global market with an analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and values are forecasted for major regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW). Key countries are covered and forecasted for each region. The market is further segmented on the basis of application and type.
Browse 87 market data tables and 22 figures spread through 203 pages and in-depth TOC on “Mold Inhibitors Market - Global Trends & Forecast to 2019.”
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According to the report published by MarketsandMarkets, the mold inhibitors market is estimated to grow at a CAGR of 2.9%.
Mold inhibitors find a wide range of application in industrial products, mainly in the feed industry. The mold inhibitors market is an emerging sector with various stakeholders such as manufacturers, distributors, and end-use consumers. The health issues related to mold has led to the emergence of the mold inhibitors market. Mold inhibitors are additives used to minimize mold contamination and prevent mold growth.
Propionates: Most widely used mold inhibitors; natamycin market expected to grow at a faster pace.
The types of mold inhibitors include propionates, sorbates, benzoates, and natamycin. The price of propionates is the least among all the types. Rising health concerns among consumers is pushing the demand for natural alternatives like natamycin.
North America leads the mold inhibitors market due to the diverse industrial applications it offers. The mold inhibitors market is driven by various factors such as the emerging new applications and the growing demand in the Asia-Pacific region. The production of mold inhibitors is affected by the variations in temperature and pH of the application. However, the effects of market drivers outweigh those of the restraints, and hence the market is expected to experience healthy growth in the coming years.
The market for mold inhibitors is expected to experience a growth of 2.9% from 2014 to 2019. The estimation is a result of regular research and development in the industry with wide application of mold inhibitors, which are mainly used to prevent mold growth in several products.
The report also touches on various other important aspects of the market. It includes an analysis of the competitive landscape. In addition, key players of this market have also been profiled.
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