Antimicrobial Additives Market: Information by Type (Organic, Inorganic), Application (Plastics, Paints & Coatings, Rubber & Silicone, Fabric), End-Use Industry (Healthcare, Construction, Furniture, Textile), and Region—Forecast till 2023

Antimicrobial Additives Market Scenario

The global market for antimicrobial additives stood at USD 8,573.1 Million during 2017, which is expected to reach approximately USD 12,500 Million by the end of 2023. According to the analysis of Market Research Future (MRFR), the global antimicrobial additives market is poised to capture a CAGR of 6.58% over the forecast period of 2018-2023.

The market for antimicrobial additives has been expanding steadily, substantiated by extensive use in varied plastic applications.Antimicrobial additives are suited to a diverse range of application such as packaged food & beverage, household goods, consumer electronics, textile films and fibers, automotive interiors, and others.

Top Key Players

The competitive landscape of the global antimicrobial additives market includes eminent players such as A. Schulman Inc., Sanitized AG, Clariant AG, Microban International, Biocote Limited, PolyOne Corporation, King Plastic Corporation, BASF SE, The Dow Chemical Company and Steritouch Ltd

Antimicrobial Additives Market Size on a global scale, is projected to rise at a compound annual growth rate of 6.58% from 2019 to 2023

Latest Industry News

Foster Corporation has launched Combat antimicrobial masterbatches for use in medical device polymers. These masterbatches are made using Sciessent's ionic silver technology and are more economical than the alternative.

Americhem has expanded their line up of the antimicrobial solution. The expansion allows the use of these additives across a wide range of polymers which are processed at a lower temperature such as PVC, TPEs, and TPOs.

UK supermarket chain, Morrisons, is set to launch an antibacterial trolley bag which was designed by Addmaster. The British provider of additives for use polymers used it's Biomaster antimicrobial technology to develop a bag which lasts a lifetime, and makes grocery shopping more hygienic for consumers.

They provide improved protection against harmful bacteria, biofilm, fungi, staining, and mold without exerting any effect on the structural and physical properties of the product. Inflated demand for antimicrobial additives in various plastic products and increased consumption of packaged food products has proven vital for the growth of the global antimicrobial additives market.

The growing construction industry in developed nations, and rising residential and commercial construction in developing countries reflect significant growth in the global antimicrobial additives market. On the contrary, stringent environmental might act as a headwind to the market growth. The sale and use of antimicrobial additives are subject to regulatory control owing to their adverse impact on the environment and human health. However, the introduction of polymer-based antimicrobial additives are expected to provide lucrative opportunities to the market.

Market Segmentation:

Antimicrobial Additives Market has been segmented based on type, application, and end-use industry. By type, the market has been segmented into inorganic and organic antimicrobial additives.

The inorganic segment has been further segmented into silver ion, copper, and zinc while the organic segment has been further segmented into phenolic biocides, silane quaternary ammonium compounds (QUAT), fungicides, and others.

The inorganic segment led the market in 2017 on account of their high efficiency and strong physical properties.

By application, the market has been segmented into plastics, paints and coatings, pulp and paper, ceramics, and others. The plastic segment dominated the market in 2017.

By end-use industry, the market has been segmented into healthcare, construction, packaging textile, food & beverage, automotive, and others. The healthcare segment accounted for the largest market share in 2017 due to augmenting need for minimization of biofilm formation in healthcare products.

Regional Analysis:

Rapid urbanization and the existence of a large consumer population in the region has fueled robust growth for the Asia Pacific market, making it the largest regional market segment globally. Countries such as India and China are experiencing a rise of investment in infrastructure and the healthcare sector thus facilitating market growth. Moreover, these countries have environmental factors such as high air pollution, tropical or fluctuating climates which affect storage of mass-produced products thus motivating robust growth for this region.

North America and Europe closely follow the APAC region. However, these regions also have measures in place to regulate antimicrobial additives, thus leading limited growth. However, these regions have established manufacturing sectors for many end-user industries that directly affect the growth of the antimicrobial additives market.

Complete Report Details @ https://www.marketresearchfuture.com/reports/antimicrobial-additives-market-1749

TABLE OF CONTENTS

TABLE 1 MARKET SYNOPSIS

TABLE 2 LIST OF ASSUMPTIONS

TABLE 3 GLOBAL ANTIMICROBIAL ADDITIVES MARKET, BY TYPE 2015—2023 (USD MILLION)

TABLE 4 GLOBAL ANTIMICROBIAL ADDITIVES MARKET, BY TYPE 2015—2023 (KT)

TABLE 5 GLOBAL ORGANIC ANTIMICROBIAL ADDITIVES MARKET FOR TYPE, BY REGION 2015—2023 (USD MILLION)