The global Antimicrobial Additives market size is expected to be worth around US$ 5.7 billion by 2030, according to a new report by Vision Research Reports.
The global Antimicrobial Additives market size was valued at US$ 3.5 billion in 2020 and is anticipated to grow at a CAGR of 9.5% during forecast period 2021 to 2030.
Growth Factors
The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.
The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the Covid-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of Covid-19 will positively impact the market growth. Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.
According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.
On the basis of type, the global market is segmented into organic and inorganic. Inorganic was the prominent segment and accounted for 52.0% of the global revenue share in 2020. The inorganic type segment is expected to witness significant growth due to the high demand for silver-, copper-, and zinc-based additives. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and providing protection against microbial growth.
Report Highlights
The inorganic type segment led the market and accounted for more than 52% share of the global revenue in 2020. High demand for silver-, copper-, and zinc-based additives is projected to fuel the segment growth over the forecast period. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, high thermal stability, and protection against microbial growth. Zinc pyrithione is added to the materials that are prone to exposure to mold spores and fungi as the additive offers excellent antibacterial protection. Copper salts provide antimicrobial protection in preservative and sterilized applications with underlying substrates or layers being paints, coatings, and polymers.
Organic antimicrobial additives, when used with products and materials, such as , provide long-lasting protection against stain and odor-causing microbes as well as biodegradation. For example, triclosan inhibits the growth of microbes with the help of a chemical reaction, which results in penetrating and damaging their cell walls. As the cell wall perforates and excludes the metabolites, other cell functions are damaged, which prevents microbes, such as algae and bacteria, from duplicating. The growth of the organic type segment is expected to be sluggish over the forecast period on account of the ban on the sales and use of OBPA and triclosan due to their high levels of toxicity.
The plastics application segment led the market and accounted for more than 33% share of the global revenue in 2020. This high share is attributed to the extensive utilization of plastic in the production of soap dispensers, food containers, surgical products, and breathing devices owing to its adaptable nature. Plastic is susceptible to microbial growth including bacteria and mold, which is expected to negatively impact the functional lifetime of a product. Antimicrobial additives are incorporated during the production process of plastics to offer resistance against various microbes, thus, resulting in enhanced durability of plastic products. Antimicrobial additives have application in all types of paints and coatings, such as solvent-, water-, oil-, and powder-based coatings.
Specialty, industrial, and decorative coatings are considerably benefitted from antimicrobial additives. For instance, silver-based additives give cost-effective protection solutions when used with paints. The additives added in inks and lacquers impart durable top-coat protection when applied on paper, metal, and plastic. Pulp & paper is a highly diverse industry as it comprises specialized papers intended for currency printing, tissue production, and newsprint; and paperboards intended for packaging applications. Paper is prone to the fast accumulation of dirt, thus, the paper products must have microbe-resistant properties before being handled in various end-use applications.
The healthcare end-use segment led the global market and accounted for more than 25% share of the global revenue in 2020. The segment is estimated to expand further at the fastest CAGR from 2021 to 2028 due to the rising demand for healthcare products as a result of the growing geriatric population. The healthcare environment plays a key role, especially in Healthcare-Associated Infections (HAIs). HAIs, additional infections that occur in patients during their stay in hospitals, are fatal and generally caused by antibiotic-resistant bacteria.
According to the U.S. Department of Health and Human Services, 1 in 25 patients is diagnosed with HAI in the country each year. HAIs can lead to prolonged stays in the hospital, readmission after discharge, and an increase in expenses of patients. Thus, these challenges have led to increased interest in developing strategies and products to reduce the risk of HAIs. The incorporation of antimicrobial additives in healthcare furnishings and medical equipment is a step toward minimizing the risk of such infections.
The food & beverage end-use segment is expected to witness a considerable growth rate over the forecast period supported by continuous utilization of additives in shelving, flooring, food processing equipment, ice-making machines, storage containers, water coolers, and water hydration systems in the food & beverage industry. The increasing population and changing lifestyle of consumers are anticipated to drive the product demand in the food & beverage sector over the forecast period.
Asia Pacific dominated the market and accounted for over 37% share of the global revenue in 2020. The market is driven by the growth of the major end-use industries, such as automotive, healthcare, construction, food and beverage, and packaging. The robust manufacturing base of the automotive industry in China, Japan, and India coupled with increased sales of passenger vehicles is anticipated to augment the product demand. In addition, favorable policies, such as Foreign Direct Investments (FDI) and Make in India, implemented by the government of India are expected to create ample growth opportunities for the automobile industry, which, in turn, is expected to increase the product consumption in automobile applications.
Industrial expansion in the region is anticipated to augment the demand for antimicrobial additives in industrial machinery, equipment, and containers. The growing construction industry in the emerging economies of Asia Pacific and increased infrastructure spending by the governments of India and China are also among the key factors responsible for driving the product demand. However, the regional market was adversely affected by the Covid-19 owing to limited cross-border trade among the economies. The healthcare end-use segment is driving the product demand in the region owing to the rising usage of syringes, surgical drapes, and personal protective clothing.
Key Players
NanoBioMatters Industries S.L.
BASF SE
RTP Company
Milliken Chemical
BioCote Ltd.
Microban International
Clariant AG
PolyOne Corp.
Momentive Performance Materials, Inc.
Life Materials Technologies Ltd.
SteriTouch Ltd.
Sanitized AG
Dow, Inc.
LyondellBasell Industries Holdings B.V.
Plastics Color Corp.
Market Segmentation
Type Outlook
Organic
Inorganic
Silver
Copper
Zinc
Application Outlook
Plastics
Paints & Coatings
Pulp & Paper
Others
Healthcare
Minimally Invasive Medical Products
Endotracheal Tubes
Wound dressing
Surgical drapes
Syringes
Re-usable Medical items
Hospital Bedding
Dental trays
Beds
Hospital gowns
Orthopedic devices
Laparoscopic Instruments
Medical Scrubs
Packaging
Food Packaging
Active Packaging
Controlled Release Packaging
Non-food Packaging
Food & Beverage
Bakery Food
Beverages
Dairy
Meat Processing
Building & Construction
Insulation
Faucets & Fixtures
Door Hardware
Sealants & Grouts
Carpet
Paints
OSB
Melamine
Others
Automotive & Transportation
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Train
Aeroplanes
Textile
Apparels
Home Textiles
Footwear
Sport Textiles
Non-woven
Others
Consumer Goods
Cleaning Products
Cosmetics
Toys
Others
Regional Outlook
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Asia Pacific
China
India
Japan
Central & South America
Brazil
Argentina
Middle East & Africa
GCC Countries
South Africa
The Antimicrobial Additives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Antimicrobial Additives market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Antimicrobial Additives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Antimicrobial Additives market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Antimicrobial Additives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Antimicrobial Additives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Antimicrobial Additives by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Antimicrobial Additives market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Antimicrobial Additives market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Antimicrobial Additives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Antimicrobial Additives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Antimicrobial Additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Antimicrobial Additives market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Antimicrobial Additives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Antimicrobial Additives market. These factors have benefited the growth of the global market for Antimicrobial Additives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Antimicrobial Additives. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Antimicrobial Additives are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
Cross-segment Market Size and Analysis for
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