Global Antimicrobial Additives Market – Overview
The antimicrobial additives market is anticipated to touch USD 12,500 million at a 6.58% CAGR between 2021- 2028, as per the recent analysis by Market Research Future (MRFR). Antimicrobial agents or additives are chemical ingredients that are used in appropriate proportions to stop algal, bacterial, and fungal growth in materials that are exposed to high levels of unsanitary conditions, UV radiation, or moisture. To improve the durability and hygiene standards of products, such additives have gained immense traction in the current past among product manufacturers.
Various factors are propelling the global antimicrobial additives market growth. As per the latest MRFR report, such factors include the introduction of antimicrobial additives that are polymer-based, rising commercial and residential construction in developing countries, and the booming construction industry. Besides, increasing consumption in medical devices and equipment, as well as various other end-use industries like electronic goods, personal care, healthcare, food and beverage, and packaging, are also adding market growth.
On the contrary, the adverse impact on human health and the environment and the grave effect of the COVID-19 outbreak may limit the global antimicrobial additives market growth over the forecast period. On the contrary, the adverse impact on human health and the environment and the grave effect of the COVID-19 outbreak may limit the global antimicrobial additives market growth over the forecast period.
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Key Players
BASF SE (Germany), Schulman, Inc. (U.S.), The Dow Chemical Company (U.S.), Clariant AG (Switzerland)
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Antimicrobial Additives Market – Segments:
The MRFR report offers an inclusive segmental analysis of the global antimicrobial additives market based on end use industry, application, and type.
By type, the global antimicrobial additives market is segmented into organic and inorganic antimicrobial additives. Inorganic antimicrobial additives are again segmented into zinc, copper, and silver ion. The organic segment is again segmented into fungicides, silane quaternary ammonium compounds, phenolic biocides, and others. Of these, the inorganic segment will lead the market over the forecast period for their strong physical properties and high efficiency.
By application, the global antimicrobial additives market is segmented into ceramics, pulp and paper, paints and coatings, and others. Of these, the plastics segment will dominate the market over the forecast period.
By end use industry, the global antimicrobial additives market is segmented into automotive, food and beverage, packaging textile, construction, healthcare, and others. Of these, the healthcare segment will have a major share in the market over the forecast period for the growing need to minimize the formation of biofilm in healthcare products.
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Global Antimicrobial Additives Market – Regional Analysis
Based on the region, the global antimicrobial additives market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific, & the Middle East and Africa. Of these, the APAC region will lead the market over the forecast period. Good opportunities offered by end use industries, burgeoning demand for antimicrobial plastics, and the booming packaging and healthcare industries are adding to the global antimicrobial additives market growth in the region.
The global antimicrobial additives market in Europe is predicted to hold the second-largest share over the forecast period. The presence of leading automotive and medical device manufacturers, substantial healthcare spending, and strict regulations on food packaging is adding to the global antimicrobial additives market growth in the region.
The global antimicrobial additives market in North America is predicted to have healthy growth over the forecast period. Increasing use in the construction sector, such as an increase in non-residential projects like colleges, schools, and hospitals, coupled with the regulations of the government for the healthcare sector are adding to the global antimicrobial additives market growth in the region.
The global antimicrobial additives market in the MEA is predicted to have substantial growth over the forecast period. The rising packaging industry, increasing sales of antimicrobial additive-based products, expanding construction & automotive industry, and rising per capita disposable income are adding to the global antimicrobial additives market growth in the region.
Industry/Innovation/ Related News:
August 12, 2019 — Indorama Ventures Public Company Limited (IVL), a leading chemicals & fiber producer in Thailand, announced the acquisition of Sinterama SpA (Italy), a polyester yarn maker. Indorama Ventures is one of the largest polyester producers. Sinterama manufactures Antimicrobial Additives that is used in the apparel sector. The acquisition presages a major milestone in the strategic alliance for IVL, offering five production sites for Antimicrobial Additives in four countries in Italy, Brazil, China, and Bulgaria.
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