Antimicrobial Additives Market Key Shares 2018 – 2023, Future Innovations - W.M. Barr & Company, Inc., DowDuPont, PolyOne, Sanitized, SteriTouch, Addmaster Limited, BASF SE, Clariant, NanoBioMatters, Biocote Limited, Milliken Chemical, Biosafe Inc.

Market Segmentation

The Global Antimicrobial Additives Market has been segmented by Type, Application, End-Use Industry and Region.

On the Basis of Type, the Global Antimicrobial Additives Market has been segmented into organic and inorganic. The inorganic Antimicrobial Additives segmented has been further divided into silver, zinc, copper, and others, while the organic Antimicrobial Additives segment has been divided into 4,5-Dichloro-2-(N-Octyl)-4-Isothiazolin-3-One (DCOIT), oxybisphenox arsin (OBPA), triclosan, and others.

On the Basis of Application, the Global Antimicrobial Additives Market has been segmented into plastics, paints and coatings, rubber and silicone, fabric, foams, concrete, and others.

On the Basis of End-Use Industry, the Global Antimicrobial Additives Market has been segmented into healthcare, construction, furniture, food & beverage, textile, footwear, sports, transportation, and others.

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Regional Analysis

The Global Antimicrobial Additives Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific dominated the Global Antimicrobial Additives Market in 2017 due to rapid industrialization and urbanization in countries such as China, India, Japan, and South Korea. The regional market is expected to remain the largest during the forecast period.

North America and Europe are also major markets for Antimicrobial Additives; these regional markets are expected to grow significantly during the forecast period. High consumer awareness of health and hygiene is expected to influence product demand in various end-use industries.

The Latin American market is expected to grow during the forecast period due to rapid industrialization in emerging economies such as Brazil, Mexico, Argentina, and Venezuela.

The market in the Middle East & Africa held the least share of the Global Antimicrobial Additives Market in 2017 and is likely to grow at a moderate rate during the forecast period. This growth can be mainly attributed to the growing construction and food & beverage industries in the region.

Market Synopsis

Antimicrobial Additives are chemical ingredients used to kill microorganisms or inhibit their growth throughout the useful life of a product. Plastics, paints and coatings, rubber and silicone, fabric, and foams, among others, can be attacked by microbes causing unsightly discoloration, unpleasant odors, and quality degradation issues. In order to improve the hygiene standards and durability of these products, antimicrobial additives are generally infused during the manufacturing process. Antimicrobial Additives find widespread application across end-use industries such as healthcare, construction, furniture, food & beverage, textile, footwear, sports, and transportation.

Shifting consumer preference for hygienic and quality products is likely to be the key driver for the growth of the Global Antimicrobial Additives Market during the forecast period. Rapid urbanization and infrastructure activities across emerging economies in Asia-Pacific, the Middle East & Africa, and Latin America are driving market growth. Additionally, significant growth in the healthcare industry due to increasing healthcare budgets, rising consumer expenditure power, and growing awareness of hygiene is expected to aid in market growth in the coming years. The growing demand for silver Antimicrobial Additives, owing to their non-toxicity and environmentally friendly properties, is also likely to boost the growth of the Antimicrobial Additives Market.

With the growing use of Antimicrobial Additives in various end-use industries, several manufacturers are introducing Antimicrobial Additives as part of their product portfolios to gain significant market shares. For instance, in September 2016, BASF launched an antimicrobial admixture under the brand name MasterLife AMA 100 for concrete protection.

However, the key restraint to the growth of the Antimicrobial Additives Market can be environmental and long-term toxicity concerns of acrylic-based organic Antimicrobial Additives such as oxybisphenox arsine (OBPA). Furthermore, fluctuating raw material prices could also hamper market growth during the forecast period.

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