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Global Antimicrobial Additives Market Insight
2022-02-22 Comments

The Antimicrobial Additives is forecast to fast increase over the next few years.According to the WK-chem Research “Global Antimicrobial Additives Professional Survey Report 2022, Forecast to 2027”, Antimicrobial additives are active additives included in the processing of a material that will hinder the life or growth of microorganisms. These microorganisms include a variety of organisms such as bacteria, mold, fungi, algae, and viruses. These additives are classified depending upon type of microbial action such as bacteriostatic and bactericides. Antimicrobial additives that eradicate the growth of bacteria are bactericidal antimicrobial additives, while those that prevent the growth of bacteria are known as bacteriostatic antimicrobial additives.The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 6.6 % base on WK-chem Research regression analysis modl.

Analysts’ Viewpoint:

“The global market is significantly fragmented due to the presence of a large number of manufacturers globally. Global players face stiff competition from each other as well as from regional players. It is recommended that manufacturers achieve the purpose of expanding market share by developing new technologies, researching and developing new products, mergers and acquisitions and other strategies, so as to gain a firm foothold in the market.” Said Lisa , Senior analyst, Chemical industry Market Research Center in WK-chem Research.

Market insight:

The demand within the global antimicrobial additives market has been rising on account of the need for better-performing products in the healthcare sector. The manufacture of medical devices and equipments necessary involves the use of antimicrobial additives, and this has created voluminous demand within the market. Furthermore, the efforts of government organisations to fund the operations of the medical manufacturing industry have also contributed towards market growth. The packaging industry is the most prominent consumer of antimicrobial additives, and this factor shall take market demand to new heights. Furthermore, the need for seamless and strain-resistant packaging of goods has also contributed towards market growth. The revenue index of the global antimicrobial additives market is expected to reach new heights as advanced technologies emerge in the medical manufacturing industry. Furthermore, several renowned companies dealing in consumer goods have allocated voluminous budgets for their packaging domain. This factor is also expected to bring in voluminous revenues into the global market for antimicrobial additives.
However, antimicrobial additives emit volatile organic compounds (VOC) during their manufacturing that can cause several health-related disorders such as conjunctival irritation, shortness of breath, fatigue, dizziness, skin problems, and others. Also, the exposure of volatile organic compounds (VOC) in high concentrations may cause irritation to the lungs, damage the liver, kidneys, central nervous system, and may lead to other chronic diseases. In addition, the increase in regulatory pressure and rise in public awareness regarding health issues and adverse environmental effects have lowered the demand for VOC-containing products. Furthermore, several regulatory bodies such as the United States Environmental Protection Agency (US EPA) and European Union Legislation have laid down norms and regulations to control the use of harmful or organic compounds in manufacturing antimicrobial additives. This factor hampers the market growth.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Antimicrobial Additives companies that include 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.

Segmentation of Antimicrobial Additives Market:

On the basis of type, the Antimicrobial Additives market is segmented into Inorganic Antimicrobial Additives, Organic Antimicrobial Additives. The inorganic antimicrobial additives segment was the largest revenue generato. Copper inorganic antimicrobial additives are gaining importance in paints & coating applications owing to their ability to destroy genomic and plasmid DNA of micro-organisms. Healthcare equipment such as implants that are manufactured using laser sintering additive manufacturing process, pose a major threat of spreading infectious disease. Thus, major key players are developing new antimicrobial products that can be easily introduced into medical implants prior to their production process. On the basis of application, the Antimicrobial Additives market is segmented into Healthcare, Packaging, Food & Beverage, Construction, Automotive, Others. The healthcare segment was the largest revenue generator. Key players in the healthcare sector are preferring utilization of antimicrobial additives that helps to reduce the risk of contamination. Methicillin-resistant Staphylococcus aureus (MRSA), E. coli, and Vancomycin-resistant Enterococcus VRE are types of bacteria that are present mostly on healthcare equipment such as breathing equipment, anesthesia equipment, implants, and others. Addition of antimicrobial additives while manufacturing medical equipment is the major key trend in the global antimicrobial additives market.

Antimicrobial Additives Market: Regional Analysis

In terms of geography, the Global Antimicrobial Additives Market is classified into Asia Pacific, North America, Europe, Middle East & Africa, and South America. The Asia-Pacific antimicrobial additives market size is projected to grow at the highest CAGR during the forecast period. Nosocomial infections are highly observed in the healthcare sector and lead to the spread of healthcare associated infections (HAI). Antimicrobial additives such as silver and copper are widely utilized in healthcare industry in parts of Asia-Pacific region to prohibit the growth of HAI causing microbes. Another major market trend is the increase in use of antimicrobial additives in the plastic industry in China and other Asian countries.

Cagr: 6.6 %
Largest share area:Asia Pacific

Largest share country:China
Product Type:Inorganic Antimicrobial Additives, Organic Antimicrobial Additives
Application:Healthcare, Packaging, Food & Beverage, Construction, Automotive, Others
Leading Company:NanoBioMatters Industries S.L.; BASF SE; RTP Company; Milliken Chemical; BioCote Ltd.