Global Antimicrobial Additives Market by Application (Plastics, Paints & Coatings), by Type (Inorganic, Organic), by End-use (Food & Beverage, Healthcare) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global antimicrobial additives market was valued at USD 2.5 Billion in 2020. It is projected to grow at an 8.5% compound annual growth rate (CAGR), between 2021 and 2028. The rapid growth of Asia Pacific's emerging economies and population will likely boost product demand. Healthcare and packaging applications industries are expected to see a significant increase in product demand. Market growth is expected to be supported by rising demand for packaging and healthcare products due to increasing numbers of Covid-19 cases. Due to the presence of major healthcare product producers, Asia Pacific will dominate the global market.

Japan, India and Indonesia will likely contribute to the expansion of the Asia Pacific construction sector after the pandemic. This is due to rising consumer disposable income and increased government spending on large infrastructure projects. The market is seeing an increase in demand for residential, commercial and institutional buildings in China due to a growing population.

In the United States, the market is expected to experience moderate growth in the next few years. The country's well-developed healthcare system and coverage plans will drive high demand for medical devices. The demand for surgery is expected to rise due to a growing target population and an increase in car accidents. This will in turn drive product demand in the country over the next few years.

Due to stringent regulations, antimicrobial additives suppliers have had to create and modify new compositions in order meet safety and anti-bacterial properties standards. These include EU 528/2012 Biocidal Products Regulation (BPR), Federal Insecticide, Fungicide and Rodenticide Acts (FIFRA). These stringent regulations will likely limit market growth during the forecast period.

Type Insights

Inorganic types dominated the market, accounting for over 52% of global revenue in 2020. The segment is expected to grow due to high demand for zinc-, copper- and zinc-based additives over the forecast period. Because of their non-toxicity, long-lasting performance, eco-friendly nature and high thermal stability, silver-based products can be used as antimicrobial agent. Zinc pyrithione can be added to materials that are susceptible to mold spores or fungi because it provides excellent antibacterial protection. Preservatives and sterilized applications that have copper salts as an antimicrobial agent include paints, coatings and polymers.

When used in conjunction with products and materials such as coatings, organic antimicrobial additives provide protection against odor- and stain-causing microbes. triclosan, for example, inhibits microbe growth by causing a chemical reaction that damages their cell walls. The cell walls are perforated and exempt metabolites from the cells, which causes other functions to be disrupted. This prevents microbes like bacteria and algae from reproducing. Due to the high levels of toxicity, the ban on the sale and use of OBPA (triclosan) and triclosan will slow down the growth of organic types over the forecast period.

Application Insights

Plastics applications dominated the market, accounting for 33% of global revenue in 2020. Plastic's adaptability allows for a large use of it in production of food containers, soap dispensers, breathing devices, and surgical products. Plastic is vulnerable to mold and bacteria, which can have a negative impact on the product's functional life expectancy. Plastic products are more durable when antimicrobial additives have been added to them during production. All types of paints and coatings can use antimicrobial additives such as oil-, solvent-, oil- and powder-based.

Antimicrobial additives can greatly benefit special, industrial, or decorative coatings. Silver-based additives, for example, can be used in paints to provide cost-effective protection. Additives in inks or lacquers provide durable top-coat protection for paper, metal and plastic. Pulp and paper is a diverse industry that includes specialized papers for currency printing, tissue production and newsprint, as well as paperboards for packaging purposes. Paper is susceptible to dirt accumulation so paper products should be microbe-resistant before being used in different end-use applications.

End-use Insights

Globally, the healthcare end-use segment dominated the market and contributed more than 25% to the global revenue in 2020. This segment is expected to grow at the fastest rate of CAGR between 2021 and 2028, due to growing demand for healthcare products from the aging population. The healthcare environment plays a key role, especially in Healthcare-Associated Infections (HAIs). Additional infections in patients who are admitted to hospitals for treatment can lead to death. They are usually caused by antibiotic-resistant bacteria.

The U.S. Department of Health and Human Services estimates that 1 in 25 patients are diagnosed with HAI each year. HAIs can cause prolonged hospital stays, readmissions after discharge, and increase in patient expenses. These challenges have prompted increased interest in the development of strategies and products that can reduce the risk of HAIs. Antimicrobial additives can be used in medical equipment and healthcare furniture to reduce the chance of these infections.

Food & Beverage will experience a significant growth rate during the forecast period. This is due to the continuous use of additives in shelves, flooring, food processing machines, ice-making equipment, storage containers and water coolers. Over the forecast period, the increasing population and changing lifestyles of consumers will drive product demand in the food- & beverage industry.

Regional Insights

Asia Pacific was the dominant market, accounting for 37% of global revenue in 2020. The market is driven primarily by the growth in the key end-use industries such as healthcare, automotive, construction, food, beverage, and packaging. Product demand is expected to rise due to the strong manufacturing base in China, Japan and India. Additionally, the government of India has implemented favorable policies such as Foreign Direct Investments and Make in India. This will create plenty of growth opportunities for automobile industries, which in turn is expected to lead to an increase in product consumption in automotive applications.

The region's industrial expansion is expected to increase the demand for antimicrobial ingredients in machinery, equipment and containers. Product demand is also driven by the growing construction industry in emerging Asian Pacific economies and the increased infrastructure spending of the governments of India, China and other countries. The Covid-19 had a negative impact on the market due to the limited cross-border trade between the economies. Due to increased use of surgical drapes and personal protective clothes, the healthcare segment is driving product demand in the region.

Market Share Insights & Key Companies

Due to the large number of global manufacturers, the global market is highly fragmented. Global players are in fierce competition with each other and regional players. Regional players have a good understanding of the regulations and suppliers.

Many prominent players are involved in activities such as merger and acquisition, expansions of manufacturing facilities, investments R&D and looking for opportunities to vertically integrate throughout the value chain. LyondellBasell Industries Holdings B.V. acquired A. Schulman Inc. in August 2018. Sanitized AG joined forces with Bodo Moller Chemie in November 2019 to distribute sanitized antimicrobial products in Eastern Europe. The following are some of the major players in global antimicrobial additives markets:

• NanoBioMatters Industries S.L.

• BASF SE

• RTP Company

• Milliken Chemical

• BioCote Ltd.

• Microban International

• Clariant AG

• PolyOne Corp.

• Momentive Performance Materials, Inc.

• Life Materials Technologies Ltd.

• SteriTouch Ltd.

• Sanitized AG

• Dow, Inc.

• LyondellBasell Industries Holdings B.V.

• Plastics Color Corp.

• Lonza

Up Market Research published a new report titled “Antimicrobial Additives Market research report which is segmented by Application (Plastics, Paints & Coatings), by Type (Inorganic, Organic), by End-use (Food & Beverage, Healthcare), By Players/Companies Clariant AG, BioCote Ltd, SteriTouch Ltd, PolyOne Corp, LyondellBasell Industries Holdings BV, Plastics Color Corp, Milliken Chemical, NanoBioMatters Industries SL, BASF SE, RTP Company, Dow Inc, Lonza, Sanitized AG, Momentive Performance Materials Inc, Microban International, Life Materials Technologies Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Antimicrobial Additives Market Report Segments:

The market is segmented by Application (Plastics, Paints & Coatings), by Type (Inorganic, Organic), by End-use (Food & Beverage, Healthcare).

Antimicrobial Additives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Antimicrobial Additives Market

Overview of the regional outlook of the Antimicrobial Additives Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Antimicrobial Additives Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Antimicrobial Additives Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Plastics

                2. Paints & Coatings

                1. Inorganic

                2. Organic

                1. Food & Beverage

                2. Healthcare

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Antimicrobial Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Antimicrobial Additives Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.