Antimicrobial Additive Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Organic and Inorganic), Application (Plastic, Paints, Pulp and Paper and Others), End-user Industry (Construction, Automotive, Healthcare, Food and Beverage, Others) and Geography (Asia-Pacific, North America, Europe, South America and Middle-East and Africa)

Market Snapshot

Market Summary - Antimicrobial Additive Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >7 %

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Market Overview

The market for antimicrobial additive is expected to grow at a CAGR of more than 7% globally during the forecast period. Antimicrobial additives restrain the growth of microorganisms throughout the useful life of the product, enhance product life & hygiene, and provide value addition to an end product. These additives are infused into a product during the manufacturing process. The growing product application in plastic and healthcare segment has been driving the market growth.

However, the issue of safe disposal and harmful effects of these additives on the eco-system are likely to hinder the expansion of the studied market. Moreover, unfavorable conditions arising due to the COVID-19 outbreak is also likely to hamper market growth.

The advancements such as the use of antifungal protection to preserve flexible polyvinyl chloride are likely to deliver opportunities for the antimicrobial additive market over the next five years.

Asia-Pacific region dominates the market across the world with the escalating consumption of antimicrobial additive in plastic and healthcare sector.

Scope of the Report

The antimicrobial additive market report include:

Type
Organic
Inorganic
Application
Plastic
Paints
Pulp and Paper
Others
End-user Industry
Construction
Automotive
Healthcare
Food and Beverage
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Plastic Segment to Dominate the Market

  • Plastic segment stands to be the dominating segment owing to the extensive consumption of plastic in various end-user industries like packaging, automotive and construction amongst others.
  • Plastic is susceptible to microbial growth including bacteria and mold. Therefore antimicrobial additives are incorporated during the production process of plastics and offer resistance against various microbes, thus, resulting in the long-term durability of plastic products.
  • Plastics are extensively utilized in soap dispensers, food containers, surgical products, and breathing devices, etc. which augment the demand for antimicrobial additive in the forecast period.
  • Asia-Pacific countries like China, India, etc have been registering strong growth in the utilization of antimicrobial additive in food and beverage and healthcare industry, which is expected to drive the market over the forecast period.
Antimicrobial Additive Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region stands to be the largest market for antimicrobial additive. Factors, such as extensive application in food and beverage and healthcare industry are expected to propel the market growth.
  • Beneficial attributes of antimicrobial additives like inhibition of bacterial, algal, and fungal growth for those materials exposed to ultraviolet radiation, unsanitary conditions and moisture are likely to drive the market growth.
  • Incorporation of antimicrobial additives in healthcare furnishings and medical equipment is a step toward minimizing the risk of bacteria attack in the healthcare environment.
  • Rising demand for inorganic additives in a wide range of applications, including textiles, paints, polymers, and coatings is anticipated to propel the market growth during the forecast period.
  • The food and beverage end-use segment is expected to increase the demand of antimicrobial additive owing to continuous utilization of additives in shelving, flooring, and food processing equipment, ice making machines, storage containers, water coolers, and water hydration systems in the food and beverage industry.
  • Hence, all such market trends are expected to drive the demand for antimicrobial additive market in the region during the forecast period.
Antimicrobial Additive Market Regional Trends

Competitive Landscape

The global antimicrobial additive market is fragmented with the presence of a few large-sized players and a large number of small players operating. Some of the major companies are BASF SE, BioCote Limited, RTP Company, Clariant and Microban amongst others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Food Packaging Segment

      2. 4.1.2 Growing Use of Antimicrobial Additive in Plastic Application

    2. 4.2 Restraints

      1. 4.2.1 Toxic Nature of Antimicrobial Additive

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Organic

      2. 5.1.2 Inorganic

    2. 5.2 Application

      1. 5.2.1 Plastic

      2. 5.2.2 Paints

      3. 5.2.3 Pulp and Paper

      4. 5.2.4 Others

    3. 5.3 End-user Industry

      1. 5.3.1 Construction

      2. 5.3.2 Automotive

      3. 5.3.3 Healthcare

      4. 5.3.4 Food and Beverage

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 BioCote Limited

      3. 6.4.3 Clariant

      4. 6.4.4 LyondellBasell Industries Holdings B.V.

      5. 6.4.5 Milliken Chemical

      6. 6.4.6 Momentive

      7. 6.4.7 NanoBioMatters

      8. 6.4.8 PolyOne

      9. 6.4.9 RTP Company

      10. 6.4.10 SANITIZED AG

      11. 6.4.11 The DOW Chemical Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Advancement in Antifungal Additive for PVC

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Antimicrobial Additive Market market is studied from 2016 - 2026.

The Antimicrobial Additive Market is growing at a CAGR of >7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, BioCote Limited, RTP Company, Clariant, Microban are the major companies operating in Antimicrobial Additive Market.

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