Global Antimicrobial Additives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

  • TBI763085
  • May 28, 2022
  • Global
  • 200 pages
  • IFF Market Research

Global Antimicrobial Additives Market 2021: By Component (Hardware, Software, Service, Installation & Deployment, Training, Support & Maintenance), By Product Type (CEMS, PEMS), By End-Use (Oil & Gas, Metals & Mining, Power Generation, Chemical & Fertilizer, Pulp & Paper, Pharmaceutical, Others)

The Global Antimicrobial Additives market size was valued at USD $3.88 Billion in 2020, USD $4.17 Billion in 2021, forecasted to reach USD $4.47 Billion in 2022, and is projected to reach USD $7.74 Billion by 2030, and is anticipated to expand at a CAGR of 7.33% over the forecast period from 2020 to 2030. Global Antimicrobial Additives Market is the title of an upcoming research report offering by Trusted Business Insights. Key factors have been studied, analyzed, and assessed. Data and information have been presented in a well-planned format, after an in-depth study, resulting in a comprehensive and detailed report. Segmentation of revenue, regions, and countries are included along with driving factors of revenue growth, restraints, as well as opportunities in untapped regions and economies. Detailed information about key players is presented in the company profiles section, which also includes recent developments, strategies, and acquisitions & mergers, etc.

Global Antimicrobial Additives Market Overview

Antimicrobial additives are a substance that can prevent or restrain the growth of microbes such as bacteria, fungi, algae, and mold in or on material, especially plastic. Microbial growth can deteriorate a materials properties through staining, odor, and discoloration.

Global Antimicrobial Additives Market: Dynamics

Rapid urbanization and evolving trends are leading to increasing awareness among individuals about health, hygiene, and wellness, especially in the developing economies of the Asia Pacific region. This, in turn, is expected to be a major factor that will increase the application of antimicrobial additives. Antimicrobial Additives are being used to prevent microbial growth in sheaths, access systems, guidewires, paints, coatings, textiles, polymers, and many others. Demand for antimicrobial additives is gaining traction in the healthcare industry as well as in household applications to safeguard materials from discoloration and biodegradation, leading to target market growth. Copper-based, zinc-based, and silver-based anti-microbial additives are being extensively applied to a variety of products. These factors are subsequently contributing to global market growth.

Global Antimicrobial Additives Market: Segmentation Analysis

By Type: Among type market segmentation, the organic type segment is projected to continue its dominance over the forecast period. Organic antimicrobial additives are applied to paints and coatings, as they offer prolonged protection, they prevent staining, and lower biodegradation. Organic additives segment is expected to witness further growth over the forecast term owing to a ban being implemented on the sale and application of oxybisphenoxarsine (OBPA) and triclosan. By Application: In terms of application segmentation, the plastics segment is expected to account for the highest revenue share. Antimicrobial additives prevent microbial growth in plastics, and as such, it is being used on products such as food containers, soap dispensers, breathing devices, etc. These additives provide additional durability for plastics. By End-use: The healthcare segment is projected to account for a majority revenue share throughout the forecast period when compared to other end-use segments. This can be attributed to a growing demand for it in healthcare facilities. Patients in hospitals are often at high risk of developing healthcare-associated infections (HAIs) which is an additional infection that is caused by antibiotic-resistant bacteria. Antimicrobial additives aid in the prevention of such infections and its extensive usage in healthcare is expected to boost the segment growth further.

Global Antimicrobial Additives Market: Regional Analysis

The market in North America is expected to account for the majority revenue share over the next 10 years. Increasing construction activities and the establishment of schools, colleges, and healthcare facilities in the region are among the factors that are expected to drive the regional market. Implementation of government acts such as the ‘Affordable Healthcare Act in the US is among major initiatives that are expected to boost the adoption of antimicrobial additives. Growth in overall populations in recent years is expected to contribute to the increase in the construction of schools, residential spaces, offices, industrial plants, etc. This is further expected to augment regional market growth. The market in Europe is expected to account for the second-highest revenue share in the global antimicrobial additives market in the coming years. This is due to a flourishing automotive industry in the region. The European Commission has been encouraging foreign direct investment (FDI) from Asian automobile manufacturers such as Toyota and Honda on account of electric vehicle technology, thus, further boosting industry growth.

Below are the leading companies profiled in this Antimicrobial Additives Market Report:

  • A. Schulman Inc. (U.S.)
  • Addmaster Limited
  • Agion Technologies LLC
  • Americhem
  • BASF SE (Germany)
  • Bayer Materialscience AG
  • Biocote Limited (U.K.)
  • Biosafe Inc.
  • Clariant AG
  • Clariant AG (Switzerland)
  • DOW INC.
  • King Plastic Corporation (U.S.)
  • Life Materials Technologies Ltd.
  • Lonza
  • LyondellBasell Industries Holdings B.V.
  • Microban International
  • Milliken Chemical
  • Momentive Performance Materials, Inc.
  • NanoBioMatters Industries S.L.
  • Nolla Antimicrobial Ltd.
  • Parx Plastic
  • Plastics Color Corporation
  • RTP Company
  • Sanitized AG
  • Sanitized AG (Switzerland)
  • Steritouch Ltd. (U.K.).
  • The Dow Chemical Company (U.S.)

Global Antimicrobial Additives Market Segmentation:

By Component
  • Hardware
  • Software
  • Service
  • Installation & Deployment
  • Training
  • Support & Maintenance
By Product Type
  • CEMS
  • PEMS
By End-Use
  • Oil & Gas
  • Metals & Mining
  • Power Generation
  • Chemical & Fertilizer
  • Pulp & Paper
  • Pharmaceutical
  • Others

This research comprehensively answers the following 9 important questions:

  • Q.1. What are some of the most promising growth trends in the Antimicrobial Additives market worldwide?
  • Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  • Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  • Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Antimicrobial Additives market?
  • Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Antimicrobial Additives market?
  • Q.6.What are the emerging trends post COVID-19 reshuffle in this Antimicrobial Additives market and the what are reasons behind these trends and do they translate in global exploration?
  • Q.7. Who are the major global and regional players in the Antimicrobial Additives market? Which are the strategic initiatives key players are pursuing for business growth?
  • Q.8.Which are the competing products in Antimicrobial Additives market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Antimicrobial Additives industry?

Chapter 1 Methodology and Scope
  • 1.1 Market definitions
  • 1.2 Base estimation & working
  • 1.2.1 North America
  • 1.2.2 Europe
  • 1.2.3 APAC
  • 1.2.4 LATAM
  • 1.2.5 MEA
  • 1.3 Forecast calculation
    • 1.3.1 COVID-19 impact calculations on industry forecast
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
    • Paid sources
    • Public sources
  • Chapter 2 Executive Summary
  • 2.1 Antimicrobial Additives industry 360° synopsis, 2017 - 2028
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