The Antimicrobial Additives Market is driven by the rapid growth of healthcare products in the industry, increasing health conscious population and growth in demand from end-use industries.
The Triclosan segment, among other organic antimicrobial additives, stood as the largest and fastest growing market for antimicrobial additives in 2016 and is expected to retain its position during the forecast period. The Inorganic antimicrobial additives segment, Silver, accounted for the major share of the global market in 2016 and is expected to continue its dominion over the research period as well.
A few critical factors driving the growth of this global market are:
- Increasing consumer awareness
- Growth in demand from end-use industries
- Huge potential for in emerging economies
On the other hand, regulations on usage of antimicrobial additives may, to some extent restrict market growth.
All the Applications are studied in great detail in this market intelligence
Antimicrobial paints and coatings actively reduces the levels of bacteria and mold in a product, which means they are more hygienic and protected from the negative effects of microbial colonization.
In terms of revenue, the plastic application segment accounted as the dominant segment in 2016. Whereas the use of additives in the pulp and paper manufacturing process has specific purpose according to their chemical properties.
The process helps the food to stay fresh and preserves it by reducing water discharge, it also aids the recirculation and recovery of by-products.
The packaging segment, among other end-users, alleged the greater part of the market share
The Packaging segment was the fastest growing end-use segment for antimicrobial coatings market in 2016. The increasing requisite from various end-use industries is one of the key factors driving this global market.
Agriculture is one of the new applications of antimicrobial additives usage. Fresher applications within each end-user industry are further expected to raise the requisite for antimicrobial additives.
Asia-Pacific to touch US$ 5.42 Bn by 2025
Asia Pacific accounted for the major share of the global antimicrobial additives market and this is anticipated to increase in the near future. Other regions are also predicted to follow the upward trend and further fuel the growth of this market.
The speedy expansion of the healthcare industry in emerging economies such as China, India, Brazil, Singapore, Mexico, Saudi Arabia, and Thailand among many others is projected to offer new opportunities for growth in this region.
Some of the important players operational in this market are AkzoNobel N.V., A. Schulman Inc., BASF SE, BioCote Ltd., Bayer AG, Clariant Chemicals India Ltd., King Plastic Corporation, Microban International, Nanobiomatters, Sanitized AG, SteriTouch Ltd., and The Dow Chemical Company.
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