Antimicrobial Additives Market Size, Share, Development, Growth and Demand Forecast to 2024

The global antimicrobial additives market is growing due to the positive growth in the packaging industry worldwide. Such growth is expected to create huge demand for antimicrobial additives and bolstering the growth of the global market during the forecast period (2016-2022). Antimicrobial additives are those chemical ingredients used to control microbes such as bacteria and mold. Antimicrobial additives create surfaces and materials when used in the manufacturing of products. These additives inhibit bacterial, algal, and fungal growth for those materials exposed to ultraviolet radiations, unsanitary conditions and moisture. Additionally, these additives find their application in various products such as paints and coatings, papers, inks, plastics, textiles, rubber, and fabric care to improve hygiene standards and durability of products.

Silver is fueling the demand for adhesives due to its non-toxic, environmental friendliness, and high thermal stability properties. The advantages offered by anti-microbial products include quality enhancement in terms of resistance toward microbial growth, improved product performance and durability. Additionally, various environmental regulations to innovate and launch new compositions are promoting the growth of the global antimicrobial additives market. Other factors contributing to the growth of the global market include shifting preference toward hygiene and disposable products, and increasing health awareness among consumers. Application of anti-microbial additives in healthcare products, including disposable hygiene products and medical devices, is creating numerous opportunities for the expansion of the global antimicrobial additives market.

Increase in vehicle production, rising consumer spending and investment in the manufacturing sector is expected to drive the demand for these additives in paints and coatings application. Moreover, rapid growth in the food and beverage sector will further aid the usage of these additives in packaging materials, and promote industry growth.

The Asia-Pacific market for antimicrobial additives is expected to witness significant growth, over the forecast period, on account of healthcare development across the region. Government norms to develop healthcare facilities equipped with all safety and hygenic standards are expected to fuel the demand for antimicrobial additives in the region. Rapid infrastructural development coupled with growing automobile production is expected to drive the usage of antimicrobial additives in paints and coatings industry, during the forecast period. There are various anti-microbial additives, which are hazardous to the environment when disposed. The issue of safe disposal and harmful effects of these additives on the eco-system are considered restraining factors for the market growth. The demand for antimicrobial additives is expected to grow further, on account of growing end-use industries, including healthcare and packaging industry, in the Asia-Pacific region. Middle East and Africa is anticipated to showcase strong growth in the global market, during the forecast period. This growth can be attributed to the growing packaging industry in the region.

The key players operating in the global antimicrobial additives market are BASF SE, The Dow Chemical Company, Clariant AG, A. Schulman, Inc., Polyone Corporation, Sanitized AG, Microban International, Biocote Limited, King Plastic Corporation, and Steritouch Ltd.