The global antimicrobial additives market size is anticipated to reach USD 3.62 billion by 2025,
according to a new report by Grand View Research, Inc. It is anticipated to
expand at a CAGR of 8.0% over the forecast period. Rising demand from various
end-use industries, such as healthcare, packaging, and food and beverage is
driving the market growth. These three end-use industries accounted for a
market share of 65.9% in terms of revenue in 2017.
Antimicrobial additives are increasingly
used in the production of medical devices such as sheaths, guidewires, access
systems, guiding catheters, diagnostic catheters, and thrombectomy devices to
prevent the microbial growth. High occurrence of diseases coupled with
geriatric population, sedentary lifestyle, and unhealthy dietary habits can
further fuel demand for these devices, which in turn is anticipated to
stimulate the market growth.
Inorganic additives are expected to gain
significant prominence over the years to come owing to their use in a broader
range of materials and applications, including paints, coatings, textiles, and
polymers over organic additives. They also have excellent protection
capabilities. For instance inorganic additives, such as copper salts provide
antimicrobial protection in preservative and sterilized applications, with
underlying substrates or layers being paints, coatings, and polymers.
Asia Pacific is estimated to be the fastest
growing region during the forecast period. Rapidly growing healthcare sector
and dominant packaging industry are expected to propel the product utilization
in the region. The U.S. has been a significant consumer of antimicrobial
additives on a global scale for many years. High demand for advanced medical
services due to the availability of reimbursement coverage and actively
developed healthcare infrastructure are some of the factors driving the market
growth in the healthcare segment.
Competitive landscape of the antimicrobial
additives market reflects a number of companies currently investing in research
& development of new products to enhance their market position. Since the
past few years, there has been a considerable increase in product innovation.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/antimicrobial-additives-market
https://www.grandviewresearch.com/industry-analysis/antimicrobial-additives-market
Further key findings from the report suggest:
· Healthcare is anticipated to be the fastest
growing end-use segment. It is anticipated to register a CAGR of 11.1% during
the forecast period, in terms of revenue, on account of increasing
manufacturing of medical devices
· Plastics segment captured the highest
market share of 35.0%, in terms of revenue, in 2017. Extensive use in soap
dispensers, food containers, surgical products, and breathing devices is
anticipated to drive the demand over the forecast period
· The antimicrobial additives output in Asia
Pacific is estimated to expand at the fastest CAGR of 10.0% during the forecast
period with China and India being the top markets
· Inorganic additives are predicted to
account for a market share of 55.9% in terms of volume by 2025. Significant
demand for silver-based, copper-based, and zinc-based additives is anticipated
to drive the segment in the forthcoming years
· Key companies operating in the
antimicrobial additives market are NanoBioMatters Industries S.L.; BASF SE; A.
Schulman, Inc.; Clariant AG; and RTP Company. Most companies are making effort
to provide superior quality products and to expand their product portfolio. For
instance, in September 2016, BASF introduced MasterLife AMA 100, an
antimicrobial admixture for improving the protection of concrete structures
against damage.
Grand View Research has segmented the
global antimicrobial additives market on the basis of type, application,
end-use, and region:
Antimicrobial Additives Type Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
·
Organic
·
Inorganic
Antimicrobial Additives Application Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
·
Plastics
·
Paints & Coatings
·
Pulp & Paper
·
Others
Antimicrobial Additives End-use Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
·
Healthcare
·
Packaging
·
Food & Beverages
·
Construction
·
Automotive
·
Others
Antimicrobial Additives Regional Outlook
(Volume, Tons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
