During the projected period of 2021-2027, the global antimicrobial additives market is expected to develop at a CAGR of 6.7 percent. Surface efficiency is improved by antimicrobial additives, also known as biocides, which substantially reduce microbial unfavorable effects. The adoption of antimicrobial surfaces is considered important to fight against cross-contamination and the spread of superbugs in hygiene-critical areas such as hospitals. Due to increased attributes such as high dimensional stability, heat & chemical resistance, and chemical stability, antimicrobial additives are in higher demand in various end-use industries, which will drive the antimicrobial additives market in the forecast era. The increased demand from the healthcare industry, rising population, and robust urbanization in developing economies of APAC will propel the growth of the end-use verticals, thus propelling the demand for the antimicrobial additives market. Moreover, the rising degree of awareness regarding health-related issues among consumers, increased adoption of silver-based products in the form of antimicrobial additives will offer excellent features for growth during the forecast period and henceforth, help in the development of the antimicrobial additives market.
In January 2022, Polygiene, a Swedish antimicrobial manufacturer, has purchased SteriTouch from Radical Materials Limited, a privately held English firm, through its indirectly wholly-owned subsidiary Addmaster in the United Kingdom. Antimicrobial additives for plastics, coatings, and paints will be greatly expanded as a result of the acquisition.
The COVID-19 outbreak has had a positive impact on the global antimicrobial additives market and is gaining traction from the healthcare sector as it has the ability to reduce coronavirus. Furthermore, the adoption of antimicrobial additives in the manufacturing of face masks and other protective equipment in the healthcare sector will proliferate the growth of the market.
Browse 53 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Antimicrobial Additives Market by Type (Inorganic Antimicrobial Additives and Organic Antimicrobial Additives), by Application (Plastic, Paints & Coatings, Pulp & Paper, Ceramics, and Others), by End Use (Healthcare Industry, Packaging Industry, Food & Beverage Industry, Building & Construction Industry, Automotive Industry, Textile Industry, Consumer Goods Industry, and Others), and Region - Global Forecast to 2027"
By type, the inorganic antimicrobial additives segment will contribute to the largest share during the forecast period.
Based on type, the global antimicrobial additives market is separated into inorganic antimicrobial additives and organic antimicrobial additives. Inorganic antimicrobial additives dominate the market owing to their properties like long-lasting antimicrobial effect, possess high heat stability, low volatility, high thermal stability, and decrease the risk of microbe adaption. Therefore, they are extensively used in healthcare, food & beverage, and construction industries.
Global Antimicrobial Additives Market Segmentation Analysis
Segment |
Categorization |
Leading Category |
Type |
Inorganic Antimicrobial Additives and Organic Antimicrobial Additives |
Inorganic Antimicrobial Additives (Largest)
|
Application |
Plastic, Paints & Coatings, Pulp & Paper, Ceramics, and Others |
Plastic (Largest) |
End Use |
Healthcare Industry, Packaging Industry, Food & Beverage Industry, Building & Construction Industry, Automotive Industry, Textile Industry, Consumer Goods Industry, and Others |
Healthcare Industry (Largest) |
Region |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific (Largest)
|
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“Asia-Pacific to hold the largest regional market share during 2021-2027.”
The Asia Pacific is anticipated to contribute the largest share during 2021-2027. The increasing sale of passenger vehicles and a robust presence of a manufacturing base will accelerate the growth of the automotive vertical in the region. Also, rapid industrialization will lead to rising in acceptance of industrial machinery, containers, and equipment, thereby increasing the usage of the antimicrobial additives market. The rising infrastructure spending owing to growth in the construction business in China and India, the rising prominence of health infections, increasing support from the government, and augmented use of plastics will escalate the growth of the antimicrobial additives market in the region.
Some of the major players in the global antimicrobial additives market include BASF SE, DuPont De Nemours, Microban International, SANITIZED AG, LyondellBasell Industries Holdings B.V., Avient Corporation, BioCote Limited, Milliken Chemical, Clariant, and Polygiene AB.
Scope of the Report
Report Metric |
Details |
Market Size Available for the Years in the Study |
2015–2027 |
Historical Period |
2015–2020 |
Base Year |
2020 |
Forecast Period |
2021–2027 |
Segments Covered in the Study |
Type, Application, End-Use, and Region |
Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
Companies Covered in the Study |
BASF SE, DuPont De Nemours, Microban International, SANITIZED AG, LyondellBasell Industries Holdings B.V., Avient Corporation, BioCote Limited, Milliken Chemical, Clariant, and Polygiene AB. |
Global Antimicrobial Additives Market Coverage
Type Insight and Forecast 2015-2027
Application Insight and Forecast 2015-2027
End Use Insight and Forecast 2015-2027
Geographical Segmentation
Antimicrobial Additives Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)