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  • Antimicrobial Additives Market Analysis | 2022-2028

    Antimicrobial Additives Market Analysis | 2022-2028

    Antimicrobial Additives Market Analysis | 2022-2028
    Report code - SR2508 Delivery - 2 Weeks
    Antimicrobial Additives Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Market Insights

    The antimicrobial additives market was estimated at US$ 4.7 billion in 2021 and is expected to grow at a CAGR of 6.8% during 2022-2028 to reach US$ 7.0 billion by 2028.

    Want to know more about the market scope: 

    COVID-19 Impact:

    The COVID-19 pandemic has had a significant impact on the antimicrobial additives market. With the spread of the virus, there has been a surge in demand for products with antimicrobial properties, as consumers and businesses seek additional protection against infectious diseases.

    In particular, the healthcare industry has seen a significant increase in demand for antimicrobial additives, as hospitals and healthcare facilities look for ways to reduce the risk of healthcare-associated infections (HAIs). This has led to increased demand for medical devices and equipment with antimicrobial coatings, as well as for cleaning and disinfecting products.

    In addition to the healthcare industry, there has also been a rise in demand for antimicrobial additives in the food and beverage packaging industry. As consumers have become more concerned about food safety and hygiene, there has been a greater emphasis on packaging materials with antimicrobial properties.

    Despite the increase in demand for antimicrobial additives, the pandemic has also presented challenges for the industry. Supply chain disruptions and manufacturing shutdowns have led to shortages of some key materials used in antimicrobial additives, causing price increases and delays in production.

    Furthermore, there has been some concern over the potential development of antimicrobial resistance as a result of increased use of these additives. However, research is ongoing to develop new and innovative antimicrobial additives that are less likely to contribute to resistance. Overall, the COVID-19 pandemic has had a significant impact on the antimicrobial additives market, with increased demand and some challenges to overcome.

    Investments in the Antimicrobial Additives Market:

    Several companies have made significant investments in the Antimicrobial Additives Market in recent years. Some of these investments include:

    Merger & Acquisition: BASF SE, a leading manufacturer of antimicrobial additives, has invested in several acquisitions and partnerships in recent years to expand its product portfolio and production capacities. The company acquired a range of businesses, including a plastics additives manufacturer and a pharmaceuticals company, to strengthen its position in the antimicrobial additives market.

    Research and Development: Clariant AG, another major player in the market, has made significant investments in research and development to develop new antimicrobial technologies. The company has developed a range of antimicrobial additives that are effective against a variety of microorganisms, including bacteria, fungi, and viruses.

    Product Development: Microban International Ltd., a company that specializes in antimicrobial technologies for the consumer and industrial markets, has also made significant investments in the market. The company has developed a range of products with antimicrobial properties, including textiles, coatings, and plastics.

    Overall, the antimicrobial additives market is expected to continue to grow in the coming years, driven by increasing demand for hygiene and safety in various industries. As a result, we can expect to see continued investment in the market from major players and new entrants alike.

    Segment Analysis

    Product Type

    The market is segmented into Inorganic Antimicrobial Additives and Organic Antimicrobial Additives. Inorganic antimicrobial additives are typically composed of metal or metal-based compounds, such as silver, copper, and zinc. These additives are highly effective at inhibiting the growth of microorganisms, making them a popular choice for use in a variety of applications, including medical devices, food and beverage packaging, and textiles. Inorganic antimicrobial additives are also known for their durability, making them a long-lasting solution for products that require antimicrobial protection.

    Organic antimicrobial additives, on the other hand, are typically composed of natural or synthetic organic compounds, such as quaternary ammonium compounds (QACs) and triclosan. These additives are effective at inhibiting the growth of bacteria and other microorganisms, making them a popular choice for use in personal care products, such as soaps and hand sanitizers.

    Organic antimicrobial additives are also known for their low toxicity and biodegradability, making them an environmentally friendly solution for many applications. Both inorganic and organic antimicrobial additives have their own unique advantages and are suitable for different applications.

    Inorganic antimicrobial additives are generally more effective at inhibiting the growth of a wider range of microorganisms, while organic antimicrobial additives are typically less expensive and more environmentally friendly. The choice of which type of antimicrobial additive to use depends on the specific requirements of the application, as well as the desired balance between effectiveness, cost, and environmental impact.

    Application Type

    The market is segmented into Plastic, Paints & Coatings, Pulp & Paper, and Others. Antimicrobial additives are commonly used in plastic products to prevent the growth of microorganisms on the surface of the plastic. Plastic products that commonly incorporate antimicrobial additives include food packaging, medical devices, and consumer electronics.

    Antimicrobial additives are often used in paints and coatings to prevent the growth of microorganisms on surfaces. This is particularly important in environments where hygiene is critical, such as hospitals and other healthcare facilities. Antimicrobial additives are used in the pulp and paper industry to prevent the growth of bacteria and fungi, which can cause paper degradation and odor.

    Antimicrobial additives can be added to paper products during the manufacturing process to provide long-lasting protection. Antimicrobial additives are also used in a variety of other applications, including textiles, personal care products, and building materials. In textiles, antimicrobial additives can be used to prevent the growth of bacteria and fungi, which can cause odor and discoloration. In personal care products, antimicrobial additives can be used to provide long-lasting protection against bacteria and other microorganisms.

    Overall, the antimicrobial additives market is expected to continue to grow across a wide range of applications as demand for products with antimicrobial properties continues to increase.

    Regional Analysis

    The Global Antimicrobial Additives Market can be segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North American market for antimicrobial additives is driven by the high demand for antimicrobial products in various industries, such as healthcare, packaging, and food & beverage. The United States is the largest market for antimicrobial additives in this region.

    The European market for antimicrobial additives is driven by the stringent regulations governing the use of antimicrobial additives in various applications, as well as the high demand for antimicrobial products in healthcare and food packaging industries. Germany, the UK, and France are the major markets for antimicrobial additives in this region.

    The Asia-Pacific market for antimicrobial additives is driven by the increasing demand for antimicrobial products in healthcare, food packaging, and personal care industries. China, Japan, and India are the major markets for antimicrobial additives in this region.

    The Middle East & Africa market for antimicrobial additives is driven by the increasing demand for antimicrobial products in the healthcare and food packaging industries. Saudi Arabia and South Africa are the major markets for antimicrobial additives in this region.

    Overall, the global antimicrobial additives market is expected to continue to grow across all regions, driven by increasing demand for products with antimicrobial properties and the development of new and innovative antimicrobial additives.

    Key Players

    Some of the key players operating in the market include:

    • BASF SE
    • Dow Chemical Company
    • Clariant International Ltd.
    • Lonza Group Ltd.
    • Microban International, Ltd.
    • Sanitized AG
    • BioCote Limited
    • Milliken Chemical
    • Addmaster (UK) Ltd.
    • Kingplastic Corporation
    • Microban International Limited
    • Milliken Chemical
    • Lyondell Basell
    • Polyone Corporation (Avient Corporation)

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The market is expected to grow at a CAGR of 6.8% during 2022-2028.

    The market size was estimated at US$ 4.7 billion in 2021 and is projected to reach US$ 7.0 billion by 2028.

    Some of the key players operating in the market include BASF SE, Dow Chemical Company, Clariant International Ltd., Lonza Group Ltd., Microban International, Ltd., Sanitized AG, BioCote Limited, Milliken Chemical, Addmaster (UK) Ltd., Kingplastic Corporation, Microban International Limited, Milliken Chemical, Lyondell Basell, Polyone Corporation (Avient Corporation).

    In particular, the healthcare industry has seen a significant increase in demand for antimicrobial additives, as hospitals and healthcare facilities look for ways to reduce the risk of healthcare-associated infections (HAIs). This has led to increased demand for medical devices and equipment with antimicrobial coatings, as well as for cleaning and disinfecting products. In addition to the healthcare industry, there has also been a rise in demand for antimicrobial additives in the food and beverage packaging industry.

    The study period of the market is 2016-2028.

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