The Global Antimicrobial Additives Market is estimated to grow due to the accelerated use of these additives in functional foods, increased demand for silver based additives, and continuous technology advancements with the untapped market potential.
Antimicrobial additive is a solution, infused into a product while manufacturing, to kill microorganisms or inhibit their growth during the life of the product. Antimicrobial additive is used to inhibit the growth of microorganisms such as microbes, protozoans, bacteria and fungi such as mold and mildew. Antimicrobial additives are infused into a wide range of materials such as plastics, paints, coatings, textiles, paper, ceramics and rubber among others. Use of antimicrobial additive makes a product more hygienic, minimizes cross-contamination, and extends the functional lifetime of a product. Substances such as silver, zinc or copper are used as antimicrobial or active ingredients. Silver is the most widely used technology in antimicrobial additives owing to its advanced antimicrobial properties, broad spectrum performance and versatility for deployment in a broad range of materials and applications. Organic technologies such as phenolic biocides, quaternary ammonium compounds (QAC or QUAT) and fungicides are also used to enhance the properties of antimicrobial additives.
The growing demand for antimicrobial additives from diverse industries and increasing awareness regarding health related concerns are factors expected to drive the antimicrobial additives market. The rising protective measures taken against growth of antimicrobials, and to increase the functional life of products have accelerated the growth of antimicrobial additives market. The increasing demand for silver-based additives has further supported the antimicrobial additives market growth. Additionally, increasing applications of these additives in agriculture and cosmetics sectors augments the growth of antimicrobial additives market. Technological advancements, emerging markets, and growing applications are expected to support the growth of antimicrobial additives market.
However, stringent government regulations and growing raw material prices are some of the factors hampering the global antimicrobial additives market.
The global Antimicrobial Additives market is segmented on the basis of type, application, and geography.
Geographically, the global Antimicrobial Additives market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, Asia-Pacific is expected to dominate the global market over forecast period. The increasing demand for antimicrobial additives from industries such as healthcare and automotive drives the growth of antimicrobial additives market in this region. Various industries such as healthcare, packaging, and construction are increasingly using antimicrobial additives for increasing the functional life duration of products. The increasing use of organic additives also boosts the growth of antimicrobial additives market. The presence of established players in the region also augments the market growth in the region. Increasing applications and economic growth in countries such as China, japan, and India are expected to provide growth opportunities in the antimicrobial additives during the forecast period.
Key players in the global Antimicrobial Additives market are: