Antimicrobial Additives Market Highlights:
Hygiene issues have become more and more relevant in the last few years due to the increasing population and difficulty in finding a solution to reduce the problems with microbial contaminations. Antimicrobial are used to control the growth of bacteria in surfaces, such as plastics and other materials. The market for antimicrobial additives has been developing steadily, with the largest market share for the healthcare industry.
Apart from healthcare it also used in food & beverages, construction, automotive, electronics, among others. In healthcare, it is used in integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes, etc. In food & beverages industry it is used to avoid infection from packaged and processed food. The increasing awareness about hygiene and safety has augmented the market for such additives.
Furthermore property such as non-toxicity, eco-friendly, sustainability, flammability, and high thermal stability of silver antimicrobial additives fuels the growth of the market. In addition, various government environmental regulations are playing important role in the growth of the market. Some of the other factors driving growth of the market include changing consumer lifestyle, changing preference towards hygiene and disposable products and increasing health awareness among consumers globally.
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Antimicrobial Additives Market Key Players
BASF SE, The Dow Chemical Company, Bayer AG, A. Schulman Inc., Sanitized AG, Clariant AG, Microban International, Biocote Limited, Polyone Corporation, King Plastic Corporation, and Steritouch Ltd.
Antimicrobial Additives Market Research Analysis:
The market is highly application based. Its dependency on the end-use industry has widened over a period of time. The need to improve hygiene standards and durability of products has gained importance among product manufacturers in the recent past. This has led to the growth of the market. It is expected that the global antimicrobial additives market will advance with higher growth rate as compared to previous years. However the current challenge for the market is harmful effects of these additives on the eco-system and safe disposal.
On the basis of application, healthcare leads the market in all the major regions across the globe. The reason is attributed to the increased awareness about hygiene and sanitation along with widening scope of the additives in healthcare segment. Food & beverage also accounts for a large share of the market as globally there is increase in number of working population which calls for quick ready-to-eat food items. This induces the demand for antimicrobial additives in food & beverage industry to avoid infection from food.
Scope of the report:This study provides an overview of the global antimicrobial additives industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global antimicrobial additives market as product, application and end-use. On the basis of product it is segmented as organic and inorganic. On the basis of application it is segmented as construction, automotive, food & beverage, healthcare, electronics, and others. On the basis of end-use it is segmented as paints & coatings, paper, plastic, inks, silicone & rubber and others.
Regional Analysis of Global Antimicrobial Additives Market:
North America and APAC are seen as well-established markets for these additives in almost all the industries such as food & beverages, healthcare, construction among others. The market is expected to show steady growth over the forecasted period.
APAC is the largest and fastest growing market for antimicrobial additives, followed by North America and Europe. The share of APAC is attributed to the rapid urbanization and population growth. The region is seen with increased investment in infrastructure and healthcare sector to support the economic development and changing lifestyles. This further fuels the demand for such additives in construction and healthcare industries.
Study Objectives of Antimicrobial Additives Market :
To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Global Antimicrobial Additives Market
To provide insights about factors affecting the market growth
To analyze the Global Antimicrobial Additives Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (RoW)
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