Antimicrobial Additives Market Size

Antimicrobial Additives Market Future Prospects

The global antimicrobial additives market is estimated to generate USD 6,800.0 million revenue in 2024, and it is expected to reach USD 11,372.5 million in 2030, growing at a CAGR of 8.9% during 2024 to 2030.

The chief factors responsible for the growth of the market include the rising threat of bio-resistance in patients due to the administration of antibiotic drugs and increasing incidence of pathogen transmission due to human-to-human contact. This has developed interest among all stakeholders, including manufacturers, consumers, and compounders to have bio-resistant solutions in a wide range of products. Microorganisms that grow on surfaces are known to cause a foul odor, discoloration, and polymer degradation.

Antimicrobial additives possess high dimensional constancy, chemical stability, and heat and chemical resistance. Furthermore, the 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 antimicrobial additives.

The consumer awareness regarding health-related issues due to ill hygiene and harmful microbial spread has increased in the past few years. The outbreaks of life-threatening infectious diseases, such as COVID-19 and monkeypox virus, and the continuous threat of HAI lead to a high demand for antimicrobial additives in healthcare facilities, workplaces, public spaces, as well as homes.