The global antimicrobial additives market size is expected to reach USD 4.46 billion by 2028 according to a new study by Polaris Market Research. The report “Antimicrobial Additives Market Share, Size, Trends, Industry Analysis Report, By Type (Inorganic, Organic); By Application (Paints & Coatings, Pulp & Paper, Plastics); By End-Use (Automotive, Packaging, Healthcare, Consumer Goods, Construction, Food & Beverage); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The adoption of antimicrobial additives in the market is expected to increase during the forecast period owing to wide applications in industries such as construction, automotive, packaging, textile, and consumer goods among others. Increasing health concerns coupled with increasing urbanization and growing demand from the healthcare sector would further support the market growth. Increasing market demand from emerging economies of Asia Pacific, technological advancements, and significant investments in research and development of antimicrobial additives further supplement the market growth.
The different types of antimicrobial additives include inorganic and organic. The market demand for inorganic additives is expected to increase during the forecast period. This market segment includes silver, copper, and zinc among others. Inorganic types offer excellent efficacy, durability, and temperature stability. These additives are preferred for applications such as light switches, door handles, food storage containers, water tanks, and textile-based materials.
Antimicrobial Additives are used in diverse industries such as automotive, packaging, healthcare, food & beverage, consumer goods, construction, and others. The healthcare market segment accounted for the highest share in 2019. However, there has been an increase in demand for antimicrobial additives from the packaging sector. The use of these products in food packaging inhibits the growth of bacteria on the outer packaging and decreases food waste.
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Brand owners and retail stores are increasingly adopting antimicrobial packaging solutions to cater to hygiene concerns and decrease risks of bacterial cross-contamination during storage and transit of food products. Integration of these products in the packaging of meat products and baked goods prevents the growth of bacteria such as Campylobacter, E. coli, Salmonella and Listeria, molds, and yeast on the outer packaging.
Antimicrobial Additives are used for diverse applications such as paints & coatings, pulp & paper, plastics, and others. They are widely used in the manufacturing of plastic products such as healthcare devices, sports equipment, business machines, and household goods to inhibit the growth of bacteria, mold, and mildew. In addition, these products offer a cost-effective solution to increase the life, durability, and hygiene of plastic products. The use of antimicrobial plastic products has increased in high-traffic environments such as airports, hospitals, and schools.
The demand for antimicrobial additives is expected to increase from Asia Pacific market during the forecast period. Increasing application in the automotive industry coupled with rising awareness regarding the adoption of electric vehicles fuels growth in this region. Rising industrial growth, urbanization, and increasing demand for the product for use in paints & coatings support the antimicrobial additives industry growth in the region.
Some of the major market participants include BASF SE, Clariant AG, Momentive Performance Materials Inc., Milliken Chemical, Microban International, SteriTouch Limited, Dow Inc., Plastics Color Corporation, RTP Company, LyondellBasell Industries Holdings B.V., A. Schulman, Inc., King Plastic Corporation, BioCote Limited, Sanitized AG, AkzoNobel N.V., Life Materials Technologies Limited, NanoBioMatters Industries S.L., and PolyOne Corporation.
Polaris Market research has segmented the antimicrobial additives market report on the basis of type, end-use, application, and region:
Antimicrobial Additives, Type Outlook (Revenue, USD Million, 2016 – 2028)
Antimicrobial Additives, Application Outlook (Revenue, USD Million, 2016 – 2028)
- Paints & Coatings
- Pulp & Paper
Antimicrobial Additives, End-Use Outlook (Revenue, USD Million, 2016 – 2028)
- Food & Beverage
- Consumer Goods
Antimicrobial Additives Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa