Antimicrobial Additives Industry
The global demand for antimicrobial additives is expected to increase a compound annual growth rate of 6.58% during forecast. The sector is expected to hit a value above USD 12.5 billion by the end of the evaluation period.
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The noteworthy players in the global antimicrobial additives market include Addmaster Limited, Biocote Limited, Sanitized AG, W.M. Barr Company, DowDuPont, Biosafe Inc., NanoBioMatters, Clariant, SteriTouch Ltd, BASF SE, PolyOne, and Miliken Chemical.
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Market Highlights
The antimicrobial additive market has been increasingly expanding, substantiated by widespread use in diverse plastic applications. Antimicrobial compounds are suitable for several uses, including processed food beverage, household products, consumer electronics, clothing films and fibers, vehicle interiors, among othersInflated demand for antimicrobial additives in various plastic products and increased intake of packaged food products have proven to be crucial to the growth of the global antimicrobial additive market.
The use of antimicrobial additives has been essential in the field of healthcare and gives a boost to the production of global antimicrobial additives. Constant pollution issues in the healthcare sector have focused emphasis on reducing infection, which, in combination with a growing understanding of hospital-acquired infections, promotes Use antimicrobial chemicals in the healthcare sector. They are used in medical plastic products such as catheters, contact lenses, prosthetic joints, artificial heart valves, and pacemakers that fuel the growth of antimicrobial additives on the global market.
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In different end-user sectors, antimicrobial additives are gaining wider acceptability, and the building industry is a notable one. Antimicrobial chemicals are used in wall coverings, floors and carpets, door handles, cable attachments, radiators, workstations, air conditioning equipment, and HVAC devices, as they protect against bacteria and reduce the risk of cross-contamination.
The building industry in industrialized nations and increasing residential and industrial development in developed countries represent substantial growth in antimicrobial additives on the global market. Strict environmental standards could, on the contrary, act as a headwind to market growth. The sale and usage of antimicrobial additives are subject to regulatory control because of their adverse environmental and human health impacts. However, the emergence of polymer-based antimicrobial additives is anticipated to provide the market with lucrative opportunities.
Segmental Analysis
The global Antimicrobial Additives Industry has been analyzed based on application, type, and end-use industry. Based on the type, the market has been bifurcated into inorganic and organic antimicrobial additives. The inorganic segment has been further divided into copper, silver ion, and zinc. In contrast, the organic segment has been sub-segmented into phenolic biocides, fungicides, silane quaternary ammonium compounds (QUAT), and others. Because of their high performance and good physical properties, the inorganic segment dominated the industry in 2017.
Based on the application, the market has been divided into plastics, pulp and paper, ceramics, paints and coatings, and others. In 2017, the plastics sector had dominated the market.
Based on the end-users, the market has been divided into automotive, construction, packaging textile, food beverage, healthcare, and others. The healthcare segment is accountable for the major market share in 2017 because of a growing need to reduce the accumulation of biofilms in healthcare products.
Regional Outlook
The global antimicrobial additives market spans across the regions of Latin America, the Asia Pacific, Europe, North America, and the Middle East Africa.
The Asia Pacific represented the most significant market share in 2017 and is predicted to retain its lead over the projected period. Europe is the second-biggest antimicrobial additive market. Strict pharmaceutical packaging legislation, significant healthcare expenditure, and an overwhelming presence of medical device manufacturers are factors driving the European industry.
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