The global anti-microbial additives market generated $1,753.2 million revenue in 2019, and it is expected to grow at a CAGR of 7.4% during the forecast period (2020–2030). The factors responsible for the growth of the market include rising threat of bio-resistance in patients due to administration of antibiotic drugs and increasing incidence of pathogen transmission due to human-to-human contact. Furthermore, surging adoption of these products in the aviation, marine, construction, healthcare, packaging, and food and beverage industries; and growing awareness among consumers toward health-related issues are also pushing the market for anti-microbial additives.
During the COVID-19 pandemic, lockdown and partial factory closure have negatively impacted manufacturing facilities across the globe. As the COVID-19 continues to spread around the world, companies have taken drastic steps in the form of plant closure to contain the spread of coronavirus and to ensure employees’ safety. However, increase in monitoring procedures to reduce the risk of coronavirus has led to higher demand for anti-microbial additives, globally.
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The plastics and polymers category held the largest share in 2019 in the anti-microbial additives market, based on material type. Furthermore, the category is expected to retain its position in upcoming years, owing to the increasing demand for plastics and polymers in medical instruments, as a replacement for conventional materials used in surgical ventilators and anesthetic equipment. Also, the usage of conventional materials contains the risk of spreading contaminants, which can lead to infection.
The healthcare sector is expected to be the fastest-growing category in the anti-microbial additives market during the forecast period, based on sector type. The major reason behind the rising demand for anti-microbial additives in this sector is the growing prevalence of HAIs. According to the World Health Organization (WHO), in high-income countries, around 30% of the patients in the intensive care units (ICUs) are affected with at least one HAI.
Geographically, North America was the largest contributor to the anti-microbial additives market in 2019. This is mainly attributed to the increased awareness of various attributes of anti-microbial additives, growth in end-use industries, and presence of key market players.
The Asia-Pacific (APAC) anti-microbial additives market is expected to witness the fastest growth during the forecast period, owing to the high-volume manufacturing of various products and equipment integrated with these additives for the healthcare, packaging, construction, and food & beverages industries. Moreover, the surging requirement for hygienic products leads to the increasing demand for the anti-microbial additives in the region.
Development in industries, such as healthcare and construction, is playing a significant role in the growth of the anti-microbial additives market. The adoption of novel drugs, technologies, and accessories, and usage of anti-microbial additives, are expected to bring the technological shift in the healthcare and construction sectors. For instance, according to the WHO, the use of anti-microbial additives in the healthcare sector needs to be increased, as anti-microbial treatment decisions in medical facilities are made by healthcare providers and patients, which can be time taking, leading to higher health risks arising from deceases caused from bacterial or microbial infections. Similarly, according to India Brand Equity Foundation, by 2040, the real estate sector in India will reach up to $9.30 billion from $1.72 billion in 2019. The growth in the construction sector is expected to create a surge in the demand for anti-microbial additives, as they are applied to a variety of building materials and fixtures.
Consumer awareness regarding health-related issues, such as hygiene and harmful microbial spread, has increased in the past few years. The rising outbreaks of life-threatening diseases, such as COVID-19, and continuous threat toward infections, such as HAI, have resulted in growing awareness among the people about the causes and prevention of such diseases. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2018, 1 in 31 hospital patients were suffering from at least one HAI, in the U.S. This, in turn, leads to the high demand for anti-microbial additives in healthcare facilities.
| Report Attribute | Details |
|---|---|
| Historical Years | 2014-2019 |
| Forecast Years | 2020-2030 |
| Base Year (2019) Market Size | $1,753.2 Million |
| Forecast Period (2020-2030) CAGR | 7.4% |
| Report Coverage | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Regional and Country Breakdown; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis; Company Profiling; Pricing Analysis |
| Market Size by Segments | By Material Type; By Sector Type; By Region |
| Secondary Sources and References (Partial List) | American Coating Associations; American Society for Microbiology; American Association of Textile Chemists and Colorists; American Society for Testing and Materials; Asian-Australasian Association of Animal Production Societies; Association of Antimicrobial Resistance; Environment Protection Agency; European Commission; European Food and Feed Cultures Association; European Union Reference Laboratory; Indian Academy of Sciences; Intellectual Property Intermediary, Singapore Ministry of Trade and Industry; United States Food and Drug Administration; U.S. National Library of Medicine; World Health Organization |
The global anti-microbial additives market is fragmented in nature. Some of the major players in the market are Akzo Nobel N.V., DuPont de Nemours Inc., BASF SE, Milliken Chemical Company, Microban International, BioCote, Sanitized AG, and Sciessent.
In recent years, the players in the anti-microbial additives industry have been involved in the partnerships and collaborations, in order to attain a significant position in the market. For instance:
The antimicrobial additives market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Material Type
Based on Sector Type
Geographical Analysis
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