Antimicrobial Additives Market – Global Industry Analysis And Forecacst (2024 to 2030)

Antimicrobial Additives Market was valued at US$ 30.37 Bn. in 2023. The Global Antimicrobial Additives Market size is estimated to grow at a CAGR of 5.7% over the forecast period.
Antimicrobial Additives Market Overview:
An antimicrobial additive is an active agent that when included in the processing of material inhibits the life and growth of microbes. Increasing demand for inorganic additives to stop the spread of germs and bacteria is predicted to fuel market expansion over the course of the forecast period in a variety of industries, including textiles, paints, polymers, and coatings. The COVID-19 epidemic in 2020–2021 is predicted to have an effect on the supply chain for medical items, including the possibility of supply disruptions or shortages of essential medical supplies, according to the Food and Drug Administration (FDA).To know about the Research Methodology :- Request Free Sample Report

The report explores the Antimicrobial Additives Market's segments (Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The report also investigates the Antimicrobial Additives Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Antimicrobial Additives Market's contemporary competitive scenario.

Maximize Market Research assembles data from primary research interviews with different Antimicrobial Additives producers dispersed across the domestic and international market, suppliers, and dealers/distributors to obtain insights into value-chains and the demand-supply scenario and evaluate the market situation. To verify the facts, a thorough examination of the company's annual reports and secondary sources, such as a thorough search on reliable paid databases, including our internal database, is conducted. To give a meaningful and understandable image of the relevant market, all the material that has been gathered has been evaluated, assessed, and presented in chronological sequence.
Antimicrobial Additives Market Dynamics:
Businesses are forced to curtail their output due to lack of materials and inability to pass on price hikes, as a result many leading antimicrobial additive companies are continuing to deliver undisturbed services to their clients and partners. Moreover, there are number of plastic articles, which are suitable for antimicrobial treatment such as sports and recreation equipment, textile firms & fibres, general household goods, food processing and handling machinery, and others. Therefore, with the increasing use of plastic in household goods, industries, cosmetics, and others, global antimicrobial additives market is projected to witness significant growth during the forecast period 2024–2030.Thus companies are focusing on formulating a variety of antimicrobial additives to meet the specific requirements of product end users .

The coronavirus outbreak has brought attention to the importance of antimicrobial compounds in preventing the transmission of viruses. Due to the presence of the virus on these surfaces, primary protective equipment, masks, and other medical apparel are supporting factors for virus dissemination. However, the risk of viral propagation is reduced when antimicrobial additives are used in the production process of healthcare products. All of these elements work together to increase the need for antimicrobial additives, which fuels the expansion of the worldwide antimicrobial additives market.

Strict regulations, such as the Federal Insecticide, Fungicide, and Rodenticide Act and the Biocidal Products Regulation (BPR) EU 528/2012, suppliers of antimicrobial additives have had to develop new compositions that adhere to the standards for safe administration and antibacterial properties (FIFRA). Therefore, it is anticipated that the market expansion during the projection period will be hampered by such strict regulations. A study published by the National Center for Biotechnology Information found that more than 700 different bacteria strains live on soft and hard surfaces, thus environmental conditions, frequent use and cleaning lapses has contributed to the demand of antimicrobial additives.
Antimicrobial Additives Market Segment Analysis:
Based on Application, the Antimicrobial Additives Market is segmented into plastic & polymers, paints coatings, textiles &fabrics, ceramics. The plastic segment held the largest share in of around 36%in the year 2023.these antimicrobial additives for plastics are integrated into the material during the manufacturing process to provide lasting protection from microbes. Antimicrobial compounds are extremely beneficial for specialty, industrial, and decorative coatings. For instance, when used with paints, silver-based additives provide protective solutions that are affordable. When used on paper, metal, and plastic, the additives added to inks and lacquers provide a long-lasting top-coat protection. Pulp and paper is a much diversified sector because it includes specialist papers for newsprint, tissue manufacture, and currency printing, as well as paperboards used in packaging. As dirt can quickly accumulate on paper, paper products need to be microbe-resistant before being used in various end-use applications.

Based on Types, the Antimicrobial Additives Market is segmented into Inorganic antimicrobial additives and organic antimicrobial additives. The inorganic antimicrobial additives has led the highest market share accounting 59%share revenue. The inorganic antimicrobials are more likely incorporated into the moulded plastic products. These additives are based on the metal ions .,the additional biocidal effect of the inorganic antimicrobial additives of killing the organism and preventing the production of the organism is one of the factor that has lead the inorganic compounds a dominating segment .

When combined with goods and materials like paints and coatings, organic antimicrobial additives offer enduring defence against biodegradation as well as stain- and odour-producing bacteria. For instance, triclosan uses a chemical process to stop the growth of microorganisms, which penetrates and damages their cell walls. The harm to other cell activities caused by the perforation and exclusion of the metabolites prohibits microorganisms like bacteria and algae from reproducing. Because to the sales and usage of triclosan and OBPA being prohibited due to their high levels of toxicity, the organic type category is anticipated to increase slowly during the projected period.

Based on End-Use, The healthcare end-use sector dominated the global market in 2023, accounting for around 30% of total sales. Due to the increasing demand for healthcare products as a result of the ageing population, the segment is anticipated to increase at the quickest CAGR from 2024 to 2030. Particularly in the case of Healthcare-Associated Infections, the healthcare environment is crucial (HAIs). Hospital acquired infections (HAIs), which develop in patients while they are hospitalised, can be devastating and are typically brought on by bacteria that are resistant to antibiotics. The use of additives in the food and beverage industry's shelving, flooring, food processing equipment, ice makers, storage containers, water coolers, and water hydration systems is expected to support the food and beverage end-use segment's significant growth rate during the forecast period.
Antimicrobial Additives Market Regional Insights:
In 2023, the Asia Pacific region controlled a 40 percent share of worldwide sales, dominating the market. The market is being driven by the expansion of the key end-use sectors including transportation, healthcare, building, food and beverage, and packaging. The demand for the product is expected to expand due to the strong production bases of the automotive industries in China, Japan, and India as well as rising passenger vehicle sales. Additionally, the government of India's implementation of beneficial policies like Foreign Direct Investments (FDI) and Make in India is anticipated to open up a wide range of growth potential for the automobile sector.

The objective of the report is to present a comprehensive analysis of the global Antimicrobial Additives Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Antimicrobial Additives Market dynamic, and structure by analyzing the market segments and projecting the Antimicrobial Additives Market size. Clear representation of competitive analysis of key players by Design, price, financial position, Instrumentation Technology portfolio, growth strategies, and regional presence in the Antimicrobial Additives Market make the report investor’s guide.
Antimicrobial Additives Market Scope: Inquire before buying



Global Antimicrobial Additives Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 30.37 Bn.


Forecast Period 2024 to 2030 CAGR:
5.7 %
Market Size in 2030:
US$ 44.78 Bn.


 Segments Covered:
by Application
Plastic
Paints & Coatings
Pulp & Paper
Others


by Type
Inorganic Antimicrobial additives
Silver
Copper
Zinc
Organic Antimicrobial additives
Oxybisphenox Arsine (OBPA)
4,5-Dichloro-2-(N-OCTYL)-4-Isothiazolin-3-One (DCOIT)
Triclosan
Others


byEnd-User
Healthcare
Packaging
Food & Beverage
Construction
Automotive
Others



Antimicrobial Additives Market by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Antimicrobial Additives Market Key Players:
1.BASF SE
2.The Dow Chemical Company
3.Clariant AG
4.A. Schulman, Inc.
5.Polyone Corporation
6.Sanitized AG
7.Microban International
8.Biocote Limited
9.King Plastic Corporation
10.Steritouch Ltd.
11.Addmaster
12.NanoBioMatters
13.Biocote Limited
14.Milliken Chemical
15.Biosafe Inc.
16.RTP Company
17.Momentive Performance Materials, Inc.
18.Life Materials Technologies Ltd.
19.LyondellBasell Industries Holdings B.V.
20.Plastics Color Corp.
21.Lonza

Frequently Asked Questions:

1. What is the study period of the market?
Ans. The Global Antimicrobial Additives Market is studied from 2023-2030.

2. What is the growth rate of Antimicrobial Additives Market?
Ans. The Global Antimicrobial Additives Market is growing at a CAGR of 5.7% over forecast period.

3. What is the market size of the Antimicrobial Additives Market by 2030?
Ans. The market size of the Antimicrobial Additives Market by 2030 is expected to reach at US$ 44.78 Bn.

4. What is the forecast period for the Antimicrobial Additives Market?
Ans. The forecast period for the Antimicrobial Additives Market is 2024-2030.

5. What was the market size of the Antimicrobial Additives Market in 2023?
Ans. The market size of the Antimicrobial Additives Market in 2023 was valued at US$ 30.37 Bn.