Worldwide Antimicrobial Additives Market Insights - Global Industry Size & Analysis 2018 by Key Players - Bodo Möller Chemie GmbH, BASF SE, DowDuPont, Clariant AG, BioCote, Novapura AG, Milliken Chemical, STERITOUCH, Situ Biosciences LLC and SABITIZED AG

Market Insights

Antimicrobial Additives have become imperative in preventing the growth of various bacteria and fungi in products which are exposed to contaminated environment or high levels of moisture. Market Research Future (MRFR) has revealed in its latest report, that the Global Antimicrobial Additives Market is expected to value an estimated USD 4.3 billion by end of 2022 and witness a notable CAGR of 7% during the forecast period 2016-2022.

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Antimicrobial Additives have found use in various industries including paints & coatings, textiles, inks, and more due to their ability to provide improved hygiene standards and as a result extend the shelf life of the given product, thus motivating growth for the market. Growing mass production of various products has prompted a need for such additives to ensure long shelf life.

Emerging economies, with their increasing manufacturing processes, are the principal drivers of market growth. Moreover, many developing countries that drive growth have tropical climates with high humidity which further facilitates growth for the market. Increasing automotive manufacturing and the ever-growing food & beverage sector.

Increasing urbanization has played an essential role in raising consumer awareness regarding health issues which will drive growth for the market during the forecast period. Due to the constant evolution of bacteria, there is a requirement for research and development of product innovations which is expected to assist future market growth. However, strict regulations surrounding approval and registration of Antimicrobial Additives are expected to restrain growth.

Market Segmentation

Antimicrobial Additives Market segmentation has been done by Product, Application, End-Use, and Region.

By Product, the market has been divided into organic and inorganic. Inorganic additives are expected to have the largest market share due to the increased demand for silver-based antimicrobial additives.

By Application, the market has been segregated into construction, automotive, food & beverage, healthcare, electronics and others.

By End-Use, the market has been segregated into paints & coatings, paper, plastic, ink, silicone & rubber and other.

By Region, the global market has been divided into North America, Europe, the Asia-Pacific (APAC) and the Rest of the World (RoW).

Regional Analysis

Rapid urbanization and the existence of a large consumer population in the region has fueled robust growth for the Asia Pacific market, making it the largest regional market segment globally. Countries such as India and China are experiencing a rise of investment in infrastructure and the healthcare sector thus facilitating market growth. Moreover, these countries have environmental factors such as high air pollution, tropical or fluctuating climates which affect storage of mass-produced products thus motivating robust growth for this region.

North America and Europe closely follow the APAC region. However, these regions also have measures in place to regulate Antimicrobial Additives, thus leading limited growth. However, these regions have established manufacturing sectors for many end-user industries that directly affect the growth of the antimicrobial additives market.

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Latest Industry News

Foster Corporation has launched Combat antimicrobial masterbatches for use in medical device polymers. These masterbatches are made using Sciessent’s ionic silver technology and are more economical than the alternative.

Americhem has expanded their line up of the antimicrobial solution. The expansion allows the use of these additives across a wide range of polymers which are processed at a lower temperature such as PVC, TPEs, and TPOs.

UK supermarket chain, Morrisons, is set to launch an antibacterial trolley bag which was designed by Addmaster. The British provider of additives for use polymers used it’s Biomaster antimicrobial technology to develop a bag which lasts a lifetime, and makes grocery shopping more hygienic for consumers.

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This release was published on openPR.