The Europe Anti-Microbial Additives Market published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc.
According to the report “Europe Anti-Microbial Additives Market By Type (Inorganic (Silver, Copper, Zinc), Organic (OBPA, DCOIT), By Application (Plastic, Paints & Coatings, Pulp & Paper), By End-User (Healthcare, Packaging, Food & Beverage, Construction), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Europe Anti-Microbial Additives Market was worth USD 0.65 billion in 2016 and estimated to be growing at a CAGR of 5.98%, to reach USD 0.87 billion by 2021.
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The market is shows evident potential in the mentioned forecasting period. Antimicrobial additives control microbes via many different methods and are extremely varied.
When used in the manufacturing of products they create surfaces and materials unreceptive to microbes such as bacteria and mould.
The properties of silver are high thermal stability, non-toxicity and environmental friendliness which boost the Europe anti-microbial additives market.
The Antimicrobial additives contain chemical ingredients that prevent fungal, bacterial and algal growth in materials which are open to high levels of ultraviolet radiations, moisture, and unsanitary conditions. These additives are primarily used in applications such as plastics, papers, paints & coatings, textiles, inks, rubber, and fabric care to inhibit the growth of unwanted microorganisms and increase the longevity of the substrate.
The market is driven by the rapid growth of the healthcare and packaging industries in the region. In the recent times, UK, Spain, Italy, Germany are observing high demand of antimicrobial additives, majorly due to the growing urbanization, aging population, and increasing lifestyle diseases.
This is fuelling the growth of the antimicrobial additives market in this region. Properties like non-toxicity, environmental friendliness, sustainability, flammability, and high thermal stability of silver antimicrobial additives contribute to the growth of the antimicrobial additives market.
The major factor restraining the growth of the antimicrobial additives market is the high cost of raw materials and stringent regulations. The basic raw materials used in the manufacturing of antimicrobial additives products are silver, copper, and zinc.
The high price of silver antimicrobials restricts their use in various products. These issues restrains the growth of the market.
The Europe Anti-Microbial Additives Market is broadly categorized into Inorganic Anti-Microbial Additives Market (Silver, Copper, Zinc), Organic Anti-Microbial Additives Market (OBPA, DCOIT). Based on Application, the market is further segmented into Paint and Coating, Plastics, and Pulp and Paper.
Based on End-User, the market is further segmented into Healthcare, Food and Beverages, Packaging and Construction. Silver-based antimicrobial additive accounted for the highest revenue of the overall market and is projected to showcase high growth rate during the forecast period.
Based on the geography, the Europe market is analysed under various regions namely UK, France, Spain, Italy,. The anti-microbial additives market was dominated by UK, with the overall market share of over 36%.
UK was followed by France and Spain.
Some of the major companies dominating Europe Anti-Microbial Additives Market market, by their products and services include BASF SE, A. Schulman, Inc., The Dow Chemical Company, Biocote Limited, Clariant AG, Polyone Corporation, Sanitized AG, King Plastic Corporation, and Steritouch Ltd., and Microban International
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