Anti Microbial Additives Market Rising at 6.3% CAGR to 2023: Top Key Players are BASF SE, The Dow Chemical Company, Clariant AG, A. Schulman, Inc.,Polyone Corporation, Sanitized AG.

Global Anti-Microbial Additives Market Overview
The Antimicrobial additives are chemical ingredients that prevent bacterial, fungal, and algal growth in materials which are exposed to high levels of ultraviolet radiations, moisture, and unsanitary conditions. These additives are primarily used in applications such as plastics, papers, paints & coatings, textiles, inks, rubber, and fabric care to inhibit the growth of unwanted microorganisms and increase the longevity of the substrate.

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Anti-Microbial Additives Market is driven by the rapid growth of the healthcare and packaging industries in the Asia-Pacific region. In the recent times, China, India, Japan and South Korea are observing high demand of antimicrobial additives, majorly due to the growing urbanization, aging population, and increasing lifestyle diseases. This is fuelling the growth of the antimicrobial additives market in this region. Properties like non-toxicity, environmental friendliness, flammability, sustainability, and high thermal stability of silver antimicrobial additives contribute to the growth of the antimicrobial additives market. The major factor restraining the growth of the antimicrobial additives market is the high cost of raw materials and stringent regulations. The basic raw materials used in the manufacturing of antimicrobial additives products are silver, copper, and zinc. The high price of silver antimicrobials restricts their use in various products, particularly in the developing regions of Asia-Pacific and South America. These issues restrain the growth of the Anti-Microbial Additives Market.

Global Anti-Microbial Additives Market Forecast Report (2018-2023)
Global Anti-Microbial Additives Market was worth USD 3.19 billion in 2018 and is estimated to be growing at a CAGR of 6.3%, to reach USD 4.33 billion by 2023.

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Anti-Microbial Additives Market Segmentation
The Global Anti-Microbial Additives Market is broadly categorized into Inorganic Anti-Microbial Additives Market (Silver, Copper, Zinc), Organic Anti-Microbial Additives Market (OBPA, DCOIT). Based on Application, the market is further segmented into Plastics, Paint and Coating, and Pulp and Paper. Based on End-User, the market is further segmented into Healthcare, Packaging, Food and Beverages and Construction. Silver-based antimicrobial additive accounted for the highest revenue of the overall market and is projected to witness high growth rate during the forecast period.

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On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The anti-microbial additives market was dominated by Asia-Pacific, with the overall market share of over 30% globally. Asia-Pacific was followed by North America and Europe. Asia Pacific is predicted to grow at a rapid pace in the coming few years.

Major Players:
The major companies dominating this market for its products and services are
• BASF SE,
• The Dow Chemical Company,
• Clariant AG,
• A. Schulman, Inc.,
• PolyOne Corporation,
• Sanitized AG,
• Microban International,
• Biocote Limited,
• King Plastic Corporation,
• Steritouch Ltd.

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