Antimicrobial Additives Market Scope
Antimicrobial additives inhibit the growth of microorganisms in the end products. Antimicrobial additives possess properties such as chemical stability, heat & chemical resistance, and high dimensional stability. Growing population and urbanization are likely to escalate the demand for antimicrobial additives over the forecast period owing to rapidly expanding end-use sectors. Furthermore, the continuously increasing demand for packaging and healthcare products to tackle the COVID-19 pandemic will positively impact market growth. The Asia Pacific is expected to dominate the market as the region has some of the major healthcare product manufacturers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), The Dow Chemical Company (United States), LyondellBasell Industries Holdings B.V. (United States), RTP Company (United States), Addmaster Limited (United Kingdom), Biocote Limited (United Kingdom), Microban International (United States), Clariant AG (Switzerland), Polyone Corporation (United States) and Momentive Performance Materials Inc. (United States) |
CAGR | % |
Antimicrobial Additives market is a fragmented market due to the presence of various players. The players are focusing on developing innovative products to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Antimicrobial Additives market throughout the predicted period.
BASF SE (Germany), The Dow Chemical Company (United States), LyondellBasell Industries Holdings B.V. (United States), RTP Company (United States), Addmaster Limited (United Kingdom), Biocote Limited (United Kingdom), Microban International (United States), Clariant AG (Switzerland), Polyone Corporation (United States) and Momentive Performance Materials Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Steritouch Ltd. (United Kingdom), Sanitized AG (Switzerland), Plastics Color Corporation (United States), Lonza Group AG (Switzerland), M. Barr & Company Inc. (United States), King Plastic Corporation (United States) and Life Materials Technologies Limited (Thailand).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Antimicrobial Additives market by Type , by Application (Plastics, Paints & Coatings, Pulp & Paper and Others) and Region with country level break-up.
On the basis of geography, the market of Antimicrobial Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of sanitized antimicrobial additives in the Eastern European market. and In August 2018, LyondellBasell Industries Holdings B.V. expanded its polymer business by acquiring A. Schulman Inc. This acquisition helped strengthen the company’s presence in high-margin end markets, such as automotive, packaging, and electronic goods.
In December 2020, Addmaster has collaborated with Trunki, the United Kingdom-based vendor, for adding to its antimicrobial additive range. Abbie the Ambulance has an in-built Biomaster technology that prevents of growth of toxic microbes on the surface and will give protection for and remain effective throughout the product’s lifetime.
Influencing Trend:
Technological Advancements in the Chemical Industries
Market Growth Drivers:
High Demand for Advanced Healthcare Services across the Globe, Growing Awareness about Health-Related Issues among Consumers and Increasing Use of Silver-Based Products as Antimicrobial Additives
Challenges:
Fluctuating Raw Material Prices
Restraints:
Stringent Environmental Regulations by the Various Countries Government
Opportunities:
Untapped Opportunities for the Use of Antimicrobial Additives in Agriculture and Cosmetics Industry and Strong Growth Opportunities in Emerging Markets
Key Target Audience
Antimicrobial Additives Manufacturers, Raw Material Suppliers, Traders and Distributors, Research and Development Institutes, End-Use Industries and Others