Antimicrobial Additives Market (By Type: Organic, Inorganic; By Application: Paints &Coatings, Plastics, Pulp &Paper, Others; By End-use: Healthcare, Packaging, Building &Construction, Food &Beverage, Textile, Automotive &Transportation, Consumer Goods, Others) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global antimicrobial additives market is expected to grow at a CAGR of around 8.0% during the forecast period 2019 to 2026 and expected to reach around US$ 3.9 Bn by 2026.

Antimicrobial additives are utilized to restrain the growth of the microorganisms during the life of the product and provide additional value to an end product. These additives are instilled during the manufacturing process of the product. Antimicrobial additives are utilized in various industries such as healthcare, packaging, building &construction, food &beverage, textile, automotive &transportation, and consumer goods.

Market Dynamics

Rise in health awareness in consumers, growth of end-user industries, high demand for inorganic antimicrobial additives such as silver-based products, and growing awareness about the safety, hygiene,& sustainability of plastics are some of the key driving factors of the market during the forecast period.

Growth in the construction sector in emerging countries in the Asia Pacific region such as India,China, and, Indonesia due to rising government spending on large infrastructural projects and increasing consumer disposable income. Increasing demand for commercial and institutional buildings in China due to the growing population, is, in turn, contributing to the growth of the market.

Availability of well-developed healthcare infrastructure, constantly rising patient population, reimbursement coverage, increasing road accidents are anticipated to drive the demand of advanced healthcare services in the U.S. Thus, the U.S. is expected to maintain its demand for healthcare antimicrobial additives during the forecast period.

Based on type, the market has been segmented into organic and inorganic. In 2018, the organic antimicrobial additives segment accounted for the largest share of the market. This is due to the application of organic additives in a wide range of industries. These additives are utilized with materials such as paints and coatings that provide long-lasting protection against microbes causing stain and odor as well as biodegradation. However, the segment is anticipated to observe moderate growth during the forecast period. The inorganic antimicrobial additives segment is expected to witness faster growth in the coming years due to rising demand for zinc, copper, and silver-based additives considering their benefits. For instance, silver-based antimicrobial additives are non-toxic, continual longer duration performance, environment-friendly nature, protect against microbial growth, and high thermal stability.

Based on the application of antimicrobial additives, the market is divided into paints & coatings, plastics, pulp & paper, and others. The plastic segment held the maximum share of the market in 2018. Plastic with antimicrobial additives is utilized in food containers, soap dispensers, surgical products, and breathing devices due to its adoptive and lightweight nature. However, as the plastic material is susceptible to microbial growth, thus this may negatively impact the segment market growth. Application of antimicrobial additives in the paints and coatings is growing rapidly and hence the segment is expected to observe the fastest growth during the forecast period. Automotive, healthcare, and construction industries are significantly benefited from the antimicrobial additives in coatings.

Based on the end-use, the global antimicrobial additives market is segmented into healthcare, packaging, building & construction, food & beverage, textile, automotive & transportation, consumer goods, and others. The healthcare segment accounted for the largest share of the market in 2018 and is anticipated to boost the market in the coming years. In the healthcare industry, the environment plays a significant role as Healthcare-Associated Infections (HAIs) occur in patients during their stay in hospitals. This can lead to an extended stay in the hospital and thereby increase in expenses of patients. Thus, these challenges attract the researcher to reduce the risk of HAIs. Incorporation of antimicrobial additives in healthcare equipment and furnishings is one of the key steps toward minimizing the risk of bacterial infection in the healthcare environment.

Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global antimicrobial additives market in 2018 and is expected to maintain its dominance during the forecast period. This can be attributed to the growing number of non-residential projects such as schools, hospitals, and colleges and the governments’ regulations for the healthcare industry. The usage of antimicrobial additives is increasing in the construction sector in the region. Europe accounted for the second-largest share of the global market due to the presence of prominent automotive manufacturers such as Porsche Austria GmbH and Co., AUDI AG, BMW AG, Aston Martin in the region. Asia Pacific is anticipated to observe the fastest growth during the forecast period due to a robust manufacturing base of textile, automotive, and healthcare industries in China, Japan, and India. 

The market research study on “Antimicrobial Additives Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global antimicrobial additives market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global antimicrobial additives market, its type, application,end-use, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global antimicrobial additives market size and segment markets by type, application,end-use, and geography along with the information on companies operating in the market. The antimicrobial additives market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market sizes for different segments have been covered under the scope of the report.

Key players operating in the antimicrobial additives market are BASF SE, BioCote Limited, Clariant AG, LyondellBasell Industries Holdings B.V., NanoBioMatters S.L., RTP Company, SANITIZED AG, and other small & medium scale regional players. Collaboration, Partnerships, and new product launch are the key strategies being adopted by the market players in the recent years. 

Market Segmentation

Market By Type

• Organic
• Inorganic

By Application

• Paints &Coatings
• Plastics
• Pulp &Paper
• Others

By End-use

• Healthcare
• Packaging
• Building &Construction
• Food &Beverage
• Textile
• Automotive & Transportation
• Consumer Goods
• Others

By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa