Synopsis of Antimicrobial Additives Market:
Antimicrobial Additives prevent the growth of microbes to preserve the product integrity and potency, prevent contamination and to increase its shelf life and safety profile. The Global Antimicrobial Additives Market size was estimated to be USD 3 Billion in 2015 and is anticipated to generate USD 4.3 Billion by 2022 with a CAGR of 7%.
Jan, 2014 – SANITIZED AG, is expected to launch two new advanced additives designed for the protection of plasticized PVC for the Chinese market.
November, 2017 – Ampacet launched GERMSCLEAN 684, a silver-based inorganic antimicrobial additive for the effective protection of plastic articles.
Silver based Antimicrobial Additives are expected to generate the fastest growth especially for products intended for plastic industries.
Product developments such as water resistant, long-lasting antimicrobial action, high weather and thermal stability, UV light resistance are expected to yield the highest value and demand.
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Dynamics of Antimicrobial Additives Market:
Growing demand from packaged products sectors spearheaded by food and beverages, pharmaceutical and biotechnological industries is the critical driver of the market. Other drivers of the market is the cross industry utility of Antimicrobial Additives ranging from plastics, paints, textiles, and others. The improvements in hygiene standards and the development of highly potent broad spectrum Antimicrobial Additives is driving the market.
The growing stringency of regulations surrounding product quality and safety especially in the pharmaceutical sector and the growing cost of non-compliance are strong drivers of the market. The development of antimicrobial paper in packaging is expected to cruise the demand for antimicrobial Additives. The growth of healthcare industry such as hospitals and diagnostic laboratories is a crucial driver as healthcare accounts for the lion’s share of the market.
Segments of Global Antimicrobial Additives Market:
Product – organic and inorganic.
Application – construction, automotive, food & beverage, healthcare, electronics, and others.
End-Use – paints & coatings, paper, plastic, inks, silicone & rubber and others.
The leading players of Global Antimicrobial Additives Market report include Biocote Limited, BASF SE, Bayer AG, A. Schulman Inc., Clariant AG, King Plastic Corporation, Sanitized AG, Polyone Corporation, The Dow Chemical Company, Microban International, and Steritouch Ltd. and others.
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