Antimicrobial Additives Market is accounted for USD 2,565 million in 2020, growing at a robust CAGR of 8.5% during forecast period

Introduction of the Antimicrobial Additives Market Report

Antimicrobial additives can be defined as formulations that contain a specific active ingredient with antimicrobial properties that can continuously fight against the growth and survival of microbes on surfaces. The antimicrobial additive works continuously in making a product more hygienic, minimizing the potential for cross-contamination and helping in extending its functional lifetime.

To have an edge over the competition by knowing the market dynamics and current trends of “Antimicrobial Additives Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

Rising population, the growing awareness regarding safety and hygiene among consumers, and the increasing demand for antimicrobial products in several sectors, including textile, air conditioning and ventilation, food, paints and coatings, healthcare, and many more industries to hinder the growth of pathogens are some of the major factors propelling the growth of the antimicrobial additives market size over the forecast period. Additionally, the antimicrobial additives help in keeping the product fresher for longer and cleaner; extending the usable lifetime of products by reducing premature degradation by microbes; and providing protection against bacteria, mold, and mildew. Moreover, antimicrobial additives have gained significant demand from medical and healthcare facilities owing to the outbreak of the COVID-19 pandemic and the growth in the number of healthcare-associated infections (HAIs).

Restraint in the Antimicrobial Additives Market

However, high-cost manufacturing of antimicrobial additives is expected to restraint the growth of the market. In addition, stringent regulations to meet the safe anti-bacterial properties standards, including Biocidal Products Regulation (BPR) EU 528/2012 and Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) is further expected to hamper the antimicrobial additives market growth over the forecast period.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Type – Segment Analysis

Based on the type, the inorganic antimicrobial additive is expected to account for a high share in the market owing to the increasing adoption of silver ion and zinc antimicrobial technology offering continuous and robust protection against bacterial growth. Moreover, widespread use of silver across sectors including food contact surfaces, textiles, polymers, coatings, and more owing to its long-lasting effect, hygiene safety, and biocompatibility is further accelerating the market growth.

Application – Segment Analysis

Based on the application, paint is expected to grow at a substantial rate over the forecast period primarily due to the benefits of antimicrobial paint additives that include effectiveness against harmful bacteria and preserving the aesthetic qualities of walls, floors, and other surfaces. Moreover, antimicrobial paint additives prolong the expected lifetime of paint products owing to their efficacy against bacteria and mold that helps to minimize the risk of premature product degradation.

End-Use Industry – Segment Analysis

Based on the end-use industry, the healthcare segment is estimated to account for a prominent share in the antimicrobial additives market over the forecast period owing to the rising awareness pertaining hygienic environment in hospitals, surgical facilities, dental offices, pharmaceutical laboratories, and other healthcare infrastructures. Additionally, increasing application of antimicrobial paints to a variety of materials in healthcare facilities, including, hospital beds, wheelchairs, handrails lifts, trolleys, medical equipment, machines, and other metal equipment that comes in contact with patients and healthcare providers is further contributing to the growth and development of the market.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

North America is expected to account for a high share in the antimicrobial additives market during the forecast period. This can be attributed to the high disposable income, high standard of living coupled with the increasing demand for safe food & beverage products, and hygienic indoor air quality among consumers. Additionally, the presence of leading companies including Miller Waste Mills, Inc., Milliken & Company, and Momentive Performance Materials Inc. is expected to propel the growth of the antimicrobial additives market share in North America.

Top Market Players

Several leading Antimicrobial Additives companies operating in the market, include BASF SE, Miller Waste Mills, Inc., Milliken & Company, BioCote Limited, Clariant Ltd., Momentive Performance Materials Inc., Life Materials Technologies Limited, The DOW Chemical Company, Sanitized AG, and LyondellBasell Industries Holdings B.V. among others.

Key Developments:

• • In 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of its products for the Eastern European market. The product portfolio of Sanitized AG includes antimicrobial additives for the polymer and textile industry.

Segments covered in the Report:

The global Antimicrobial Additives market has been segmented on the basis of type, application, end-use industry, and key regions. Based on the type, the market is segmented into organic, and inorganic. Based on the application, the market is segmented into plastic, paints, pulp and paper, and others. Based on the end-use industry, the market is segmented into construction, automotive, healthcare, food and beverage, and others.

For detailed scope of the “Antimicrobial Additives Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Antimicrobial Additives market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Antimicrobial Additives Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Antimicrobial Additives Market?
  • Which application generated maximum revenues in 2020 and identify the most promising application during the forecast period?
  • What are the various end-use industries of global Antimicrobial Additives Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Antimicrobial Additives Market by Type

• • Organic
  • Inorganic

Global Antimicrobial Additives Market by Application

• • Plastic
  • Paints
  • Pulp and Paper
  • Others

Global Antimicrobial Additives Market by End-Use Industry

• • Construction
  • Automotive
  • Healthcare
  • Food and Beverage
  • Others

Global Antimicrobial Additives Market by Region

• • North America Antimicrobial Additives Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Antimicrobial Additives Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Antimicrobial Additives Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Antimicrobial Additives Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Antimicrobial Additives Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Miller Waste Mills, Inc.
  • Milliken & Company.
  • BioCote Limited
  • Clariant Ltd.
  • Momentive Performance Materials Inc.
  • Life Materials Technologies Limited
  • The DOW Chemical Company
  • Sanitized AG
  • LyondellBasell Industries Holdings B.V.