Antimicrobial Additives Market 2022 | Increase in the Awareness about Health-related Issues

The global antimicrobial additives market is expected to be valued at US$ 4,350.8 million in 2022 and grow at a CAGR of 6.9% over the forecast period due to increase in the awareness about health-related issues monitoring across the globe. Major drivers contribute sustainable growth include hardness, durability, high dimensional stability, heat & chemical resistance, chemical stability, transparency and they are used in non-toxic plastic equipment. It targets various variables like paint & coating where manufacturers add antimicrobial additives in paints & coatings to protect and extend the life of their coating's product. Antimicrobial additives are used in pulp & paper application to protect paper against the growth of bacteria, odor, fungus, mold, and mild hence boosting the global antimicrobial additives market.

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Inorganic Accounted for Higher Revenue Share in Global Antimicrobial Additives Market:
Based on product type, global antimicrobial additives market is segmented into Inorganic and Organic. Inorganic constitutes variables such as silver, copper, zinc. Silver is the major type of antimicrobial additive and accounted for the maximum share of the market because of the properties such as non-toxic, environmentally friendly, and high thermal stability. For excellent antibacterial protection from spore and fungi zinc pyrithione is added. Copper salts are useful in preservative and sterilized applications; hence all these factors equally contribute towards the sustainable growth in global antimicrobial additives market.

Asia Pacific Leads the Global Antimicrobial Additives Market
Based on regional analysis, global antimicrobial additives market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is accounted for contributing the largest share in 2021. Growing population with intense awareness about the health-related infection and growth of end-use industries boost the market. On considerable amount plastics is also contributing to the increasing demand for antimicrobial additives as disposable income coupled with rising demand for packed food will drive the market. Increase in number market players and growth of agriculture and cosmetics industries boost global antimicrobial additives market.

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players
The global antimicrobial additives market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share. For instance, In April 2014, Clariant introduced CESA-antimicro additive in masterbatches. Which is mainly used in automotive steering wheels and interior parts and in a broad range of plastic applications.

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The global antimicrobial additives market is segmented on the basis of product type, application, end-user, and region.
By Product Type
• Inorganic
• Organic

By Application
• Plastic
• Paints & Coatings
• Pulp & Paper
• Other

By End-User
• Healthcare
• Packaging
• Food & Beverage
• Construction
• Automotive
• Others

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Key player's profiles in the global antimicrobial additives market are: BASF SE (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), A. Schulman, Inc. (U.S.), Polyone Corporation (U.S.), Sanitized AG (Switzerland), Microban International (U.S.), Biocote Limited (U.K.), King Plastic Corporation (U.S.), and Steritouch Ltd. (U.K.).

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This release was published on openPR.