antimicrobial additives market size was valued at USD 7.86 billion in 2015. Increasing use of the product in number of end use industries such as food and beverages, healthcare, packaging, construction, automotive, furniture and electronics is expected to be a driving force of growth.
Antimicrobial
additives have special ingredients that help prevent fungal, bacterial and
algal development in materials which are exposed to moisture as well as high
level of ultra violet radiation & unsanitary conditions. The products have
number of applications in papers, textiles, plastics, paints and coatings,
inks, fabric care and rubber, so as to suppress the breeding of undesirable microorganisms
and thereby increase the durability of the substrate.
The
rising consumer awareness towards health issues along with the enhancements in
the standard of living in the developing country’s such as India, China, Brazil
& South Korea are anticipated to boost the market during the forecasted
period. Moreover, increasing population is expected to escalate the incidences
of infective diseases, which is further expected to drive the sales of
preventive products such as antimicrobials.
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Furthermore,
the prevailing issues such as climatic changes, air pollution, and poor
sanitation, presence of epidemics such as hepatitis, HIV, swine flu, rabies,
Ebola, Zika, & tuberculosis are likely to drive the use of these products
in healthcare industry. Soaring healthcare expenditures in the United States is
projected to fuel the market growth over the forecast period.
Type Insights
In
the year 2015, organic antimicrobial accounted for over 51% of the total global
volume of additives. On account of the high toxic nature of Triclosan and
oxybisphenoxarsine (OBPA) there was a restriction on usage and sales of the
product. Such bans are expected to slow down the market growth over the
forecast period.
The
inorganic additives segment is anticipated to witness a significant growth
owing to rising use of silver based additive. Silver being known to restrict
microbial growth and symbolic properties like non-toxicity, durability,
environmental friendliness, & good thermal stability is increasing its
application as an antimicrobial agent.
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In
2015, the demand for this additive was at peak at about 18.3 kilo tons.
Increasing demand for these products due to rise in use of plastics as
substitute instead of the conventional materials like metal and glass in may
medical instruments such as aesthetic machines, medical ventilators,
electrocardiograph and heart and lung machines is likely to propel the use of
these products.
These
products find applications in paint and coating as they help in limiting the
growth of microbes on metal and wall surfaces, that may substantially damage
the surfaces. The rising demand for such antimicrobial paints and coatings in
construction and automotive sectors is expected to drive the industry growth in
the comings years.
End-use Insights
Owing
to growing usage of hygiene products and medical equipment in Asia Pacific,
healthcare sector is foreseen to witness substantial amount of growth in
revenue at a CAGR of 7.5% during 2016 to 2025. The increasing demand for
additives for coating medical devices such as CT scanners, infusion pumps,
X-ray machines, dialysis machines, medical imaging machines is projected to
augment market development.
These
additives are mainly used in plastics which is further utilized in various
electronic applications. Focus on enhancing durability of electronic equipment
will probably trigger the antimicrobial additives market over the forecast
period.
Regional Insights
Asia
Pacific dominates the overall demand with a market penetration of around 35% in
2015. The region is also expected to witness marginal growth in its market
share owing to increasing packaging, healthcare, automotive and construction
industries. Presence of many coatings & paints manufacturers such as BASF,
AkzoNobel, Nippon Paint, Sherwin-Williams, and Kansai Paint in the region will
probably trigger the market growth.
The
U.S. market is expected to observer significant gains both in terms of volume
as well as revenue on account of increasing usage of antimicrobial additives in
packaging. The regional market is expected to witness a CAGR of 7% from 2016 to
2025, in terms of revenue.
Competitive Insights
The
global antimicrobial additives market is oligopolistic in nature with presence
of numerous key players in Europe and North America. Key players operating in
the market include BASF SE, BioCote Limited, SteriTouch Limited, Momentive
Performance Material Inc., Dow Chemical Company, Nanobiomatters Industries
S.L., A. Schulman Inc., Plastics Color Corporation, Sanitized AG, Microban
International, Life Material Technologies Limited, AkzoNobel N.V., RTP Company,
Milliken Chemical, and Clariant.
In
early 2017, Microban relaunched its textile division in the Europe. This is
expected to aid the organization to operate in close collaboration with the new
as well as existing partners worldwide. This initiative will also help in
enhancing its product penetration across Europe and the U.S.
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