The North America 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.
According to the report “North America 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 North America Anti-Microbial Additives Market was worth USD 0.71 billion in 2016 and is estimated to be growing at a CAGR of 5.81%, to reach USD 0.94 billion by 2021.
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The market is showcasing evident potential in the mentioned forecasting period. Antimicrobial additives control microbes via many different means and are very diverse.
When used in the manufacturing of products they create surfaces and materials unwelcoming to microbes such as bacteria and mold.The properties of silver are high thermal stability, non-toxicity and environmental friendliness which boost the North America anti-microbial additives market.
The Antimicrobial additives are chemical ingredients which prevent bacterial, fungal, and algal growth in materials that are exposed to high levels of ultraviolet radiations, unsanitary conditions and moisture. These additives are primarily used in applications such as plastics, papers, paints & coatings, textiles, rubber, inks and fabric care to inhibit the growth of undesirable microorganisms and increase the longevity of the substrate.
The market is driven by rapid growth of the healthcare and packaging industries in the North America region. In the recent times, USA and Canada are observing an increasing demand of antimicrobial additives, mainly due to the increased healthcare spending, increasing lifestyle diseases and aging population.
This is fueling the growth of the antimicrobial additives market in this region. Properties like non-toxicity, environmental friendliness, flammability, sustainability, 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.
These issues restrain the growth of the market.
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The North America Anti-microbial additives market is broadly categorized into Inorganic Anti-Microbial Additives Market (Silver, Zinc, Copper), 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, Construction, Packaging and Food and Beverages. Silver-based antimicrobial additive accounted for the highest revenue of the overall market and is projected to witness high growth rate during the forecast period.
Based on geography, the North America market is analyzed under various regions namely USA and Canada. The anti-microbial additives market was dominated by USA, with the overall market share of over 60%.
USA was followed by Canada. Canada is predicted to grow at a rapid pace in the coming few years.
Some of the leading players of North America Anti-microbial additives market are:
- BASF SE
- King Plastic Corporation
- The Dow Chemical Company
- Clariant AG
- Schulman, Inc.
- Microban International
- Sanitized AG
- Biocote Limited
- Steritouch Ltd.
- Polyone Corporation
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