“An antimicrobial additive has properties that can inhibit, resist and prevent the growth of microbes including mould and bacteria. It is a specific solution infused, which is infused into a product during the manufacturing process. This prevents the growth of microorganisms throughout the life of the product. They can be used in medical devices, appliances and other consumer contact applications. “
The key drivers of global antimicrobial Additives Market are the growth of the packaging in various end-use industries such as healthcare, construction, food & beverages, among others. The demand for such additives is driven to a great extend from the APAC nations.
The lands of India, Japan and China have seen rapid economic growth in line with urbanization and population growth. The regions promise a potential growth in antimicrobial additives which are used across all the major sectors.
The inorganic additives accounts for the major market share mainly due to the increasing demand for silver-based antimicrobial additives. The market is expected to see similar results by the end of the forecasted period.
Furthermore, healthcare is the largest application of such additives due to their integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes,.
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Company Profiled: Some of the significant players operating in this market include Akzo Nobel N.V., BASF SE, Bayer AG, Clariant Chemicals India Ltd., The Dow Chemical Company, A. Schulman Inc., BioCote Ltd., King Plastic Corporation, Microban International, Nanobiomatters, Sanitized AG and SteriTouch Ltd.
Antimicrobial Additives Market, by Product Type
Global Antimicrobial Additives market based on the product type is classified as organic antimicrobial additives and inorganic antimicrobial additive. Currently in this segment, inorganic antimicrobial additives have the largest share in the market.
This is due to the fact that plastics, and paints and coatings industries are the highest consumers of antimicrobial products.
Antimicrobial Additives Market, by Region
Based on the region, the worldwide market for antimicrobial additives is divided into North America, Asia Pacific, Europe, Latin America and Middle East and Africa. Currently, North America is leading the market owing to the high demand of consumer products.
In 2013, out of the total sale, North America contributed to 39% of antimicrobial coatings and this number is expected to rise in the future.
Competitive Market Share
The report provides both, qualitative and quantitative research of the market, as well as it helps to gain important insights of current and future market and trending technologies adopted by the key players. The antimicrobial additives market report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players.
The key business strategies such as mergers and acquisitions(M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
Some of the key questions answered by the report are:
What was the market size in 2017 and forecast from 2018 to 2026?
What will be the industry market growth from 2018 to 2026?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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