The Global 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.
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. Application Insights 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. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/antimicrobial-additives-market 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. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/plastics 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. Market Segment: Type Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025) Organic Inorganic Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025) Plastics Paints & coatings End-Use Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025) Healthcare Food & beverages Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: firstname.lastname@example.org Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: email@example.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184