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  • Published On : Dec 2022
  • Code : CMI322
  • Industry : Advanced Materials
  • Pages : 150
  • Formats :

Antimicrobial additive is an antimicrobial agent that inhibits and prevents the growth of microbes such as mold, fungi, and bacteria. They are produced by using active ingredients such as zinc and silver ion. Out of which silver is the most widely used technique around the globe due to its excellent antimicrobial property. Antimicrobial additive makes the products more hygienic, reduce cross-contamination and extend the shelf-life of the product.

Global antimicrobial additives market was valued at US$ 2.65 Billion in 2021 in terms of revenue, exhibiting a CAGR of 6.59% during the forecast period (2022 to 2030).

Drivers

Rising demand for antimicrobial additives to prevent the growth of bacteria on the surface of plastic and medical equipment is predominantly fueling the market growth for antimicrobial additives. For instance, in June 2019, Ingenico Group, a merchant services technology company announced the introduction of the industry's first payment solutions with antimicrobial product protection. Ingenico's Lane/7000 AM smart terminal and Moby/M70 AM tablet options contain an Environmental Protection Agency registered antimicrobial additive to inhibit the growth of microbes on the products' surface.

Technological advancement in antimicrobial additive products for preventing the spread of infection is also projected to propel the antimicrobial additives market growth over the forecast period. For instance, in December 2019, Parx developed a technology that uses the bodies' trace element to make plastics resistant to biofilm adhesion and bacteria proliferation. No biocides, no silver, no nano-materials, no harmful or toxic substances, and no migration.

After the COVID-19 pandemic, sales through supermarkets/hypermarkets declined by 22.8%, by value, from 2019 to 2021. The COVID-19 pandemic impacted the producers as there was price fluctuation of raw materials that are utilized to produce antimicrobial additives. Owing to this, there was a hindrance in the cost of the end product. 

Figure 1. Global Antimicrobial Additives Market Value Share (%), By Region, 2021

Antimicrobial Additives  | Coherent Market Insights

Market Restraints

Government rules and regulations on the use of antimicrobial additive as it can pose many health issues, and this is expected to hamper the antimicrobial additives market growth. Antimicrobial additives for “inanimate” (non-living) surfaces fall under the jurisdiction of the Environmental Protection Agency. The EPA rules governing the usage of antimicrobial additives are defined under the Federal Insecticide Fungicide and Rodenticide Act, better known as FIFRA.

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Antimicrobial Additives Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 2.65 Bn 
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 6.59% Forecast Period: 2022-2030
Geographies covered:
  • By Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Application: Paints & Coatings, Inks, Paper, Plastics, Fabric/Textile, Silicone & Rubber, Others
  • By End User: Building & Construction, Healthcare, Automotive, Electronics, Food & Beverages, Others
Companies covered:

AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd., and Nanobiomatters

Growth Drivers:
  • Rising demand for antimicrobial additives in order to prevent the growth of bacteria
Restraints & Challenges:
  • Government rules and regulations on the use of antimicrobial additive as it can pose many health issues

Market Trends

The rising population and rapid urbanization in emerging economies of Asia Pacific are likely to boost the growth of the end-use industries, which in turn, is expected to escalate antimicrobial additives demand over the forecast period. The product demand is expected to increase majorly in the healthcare and packaging application industries. Rising demand for healthcare and packaging products, due to the growing number of COVID-19 cases around the world, is projected to support the market growth. The Asia Pacific is expected to dominate the global market on account of the strong presence of major healthcare product manufacturers in the region.

A rise in the aging population is the vital factor escalating the antimicrobial additives market growth, also rise in the demand for antimicrobials, rise in the demand from paper packaging industry and rise in the demand from emerging economies are the major factors driving the antimicrobial additives market growth. Moreover, a rise in research and development activities in the antimicrobial additives market and technological advancements and modernization in production techniques will boost the antimicrobial additives market growth over the forecast period.

Figure 2. Global Antimicrobial Additives Market Value Share (%), By Application, 2021

Antimicrobial Additives  | Coherent Market Insights

Competitive Section

Major players operating in the global antimicrobial additives market are AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd., and Nanobiomatters

Antimicrobial additive is a solution that is infused into a product during the manufacturing process to prevent the growth of microbes. Antimicrobial additives can be formulated into liquid, powder, and masterbatch pellet forms. Antimicrobial additives make products more hygienic, minimizing the potential for cross-contamination and thereby extending the product’s functional lifetime.

Market Dynamics

Among application, the plastic segment is expected to account for the largest market share over the forecast period, owing to the increasing demand for antimicrobial additives in the production of packaging products to prevent microbial contamination of medicines and food & beverages.

Among end user, the food & beverage segment is expected to account for the largest market share over the forecast period. For instance, according to the Ministry of Food Processing Industries and the Government of India in 2020, consumption of the food and beverage segment in India was expected to increase from US$ 369 billion in 2020 to US$ 1.142 trillion by 2025, and output of the food processing sector (at market prices) is expected to increase to US$ 958 billion for the same period. These estimates evidence the vast market opportunity offered by the Indian food processing, food retail, transport, logistics to players in the food processing value chain.

Asia Pacific is expected to be the fastest-growing region in the market over the forecast period owing to the growth of the healthcare industry. Increasing demand for antimicrobial additives for manufacturing sterilized products such as surgical devices, tubings, etc. is expected to drive the market over the forecast period.

Key features of the study:

  • This report provides an in-depth analysis of the global antimicrobial additives market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global antimicrobial additives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd., and Nanobiomatters
  • Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology upgrades, market expansion, and marketing tactics
  • The global antimicrobial additives market report caters to various stakeholders in this industry including investors, suppliers, antimicrobial additives manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global antimicrobial additives market

Detailed Segmentation:

  • Global Antimicrobial Additives Market, By Application:
    • Paints & Coatings
    • Inks
    • Paper
    • Plastics
    • Fabric/Textile
    • Silicone & Rubber
    • Others
  • Global Antimicrobial Additives Market, By End User:
    • Building & Construction
    • Healthcare
    • Automotive
    • Electronics
    • Food & Beverages
    • Others
  • Global Antimicrobial Additives Market, By Region:
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • South Korea
      • Australia
      • Rest of Asia Pacific
    • Middle East & Africa
      • Middle East
      • Africa
  • Company Profile
    • AkzoNobel N.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF SE
    • The Dow Chemical Company
    • Sanitized AG
    • SteriTouch Ltd
    • BioCote Ltd.
    • Life Material Technologies Ltd.
    • Momentive Performance Material Inc.
    • Clariant Chemicals India Ltd
    • Nanobiomatters

 “*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global antimicrobial additives market was valued at around US$ 2.65 Bn in 2021.
Rising demand for antimicrobial additives in order to prevent the growth of bacteria on the surface of plastic and medical equipment is predominantly fueling the antimicrobial additives market growth
Rise in the demand from the paper packaging industry for antimicrobial additives is one of the main trends in the market
Government rules and regulations on the use of antimicrobial additive as it can pose many health issues, this is expected to hamper the market growth of antimicrobial additives
Major players operating in the market are AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd., and Nanobiomatters
The market is estimated to grow at around 6.59% CAGR in the forecast period (2022-2030).

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