Antimicrobial Additives Market is predicted to grow at approximately 7% by 2022

Market Synopsis of Antimicrobial Additives Market
The key drivers of Global Antimicrobial Additives Market are the growth of the packaging in various end-use industries such as healthcare, construction, food & beverages, among others. The demand for such additives is driven to a great extend from the APAC nations. The lands of India, Japan and China have seen rapid economic growth in line with urbanization and population growth. The regions promise a potential growth in Antimicrobial Additives which are used across all the major sectors.

The inorganic additives accounts for the major market share mainly due to the increasing demand for silver-based antimicrobial additives. The market is expected to see similar results by the end of the forecasted period. Furthermore healthcare is the largest application of such additives due to their integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes, etc. The Global Antimicrobial Additives Market size was valued at around USD 3 Billion in 2015 and is expected to cross USD 4.3 Billion at CAGR of 7% by 2022.

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Antimicrobial Additives are chemicals which are typically used to prevent fungal, bacterial and algal growth in materials exposed to high levels of moisture, ultra violet radiation, etc. Growth in healthcare, food & beverages, and construction industries are the key drivers in the growth of antimicrobial additives market across the globe. The additive finds its way in varied end-use such as paints & coatings, paper, plastic, inks, silicone & rubber, etc. across all major industries.

The report has analyzed the market based on the three segments: product, application and end-use in the regions of North America, Europe, APAC and rest of the world. On the basis of application healthcare has the largest market share both by value and volume. The share is attributed to the increased demand in integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes, etc. On the basis of product, inorganic additives account for the largest share due to high demand for silver-based additives. The scope of the market has widened over many years owing to the flourishing markets of APAC

Key Players:
The key players of Global Antimicrobial Additives Market report include BASF SE, The Dow Chemical Company, Bayer AG, A. Schulman Inc., Sanitized AG, Clariant AG, Microban International, Biocote Limited, Polyone Corporation, King Plastic Corporation, and Steritouch Ltd.

Market Highlights:
Hygiene issues have become more and more relevant in the last few years due to the increasing population and difficulty in finding a solution to reduce the problems with microbial contaminations. Antimicrobial are used to control the growth of bacteria in surfaces, such as plastics and other materials. The market for antimicrobial additives has been developing steadily, with the largest market share for the healthcare industry.
Apart from healthcare it also used in food & beverages, construction, automotive, electronics, among others. In healthcare, it is used in integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes, etc. In food & beverages industry it is used to avoid infection from packaged and processed food. The increasing awareness about hygiene and safety has augmented the market for such additives.

Furthermore property such as non-toxicity, eco-friendly, sustainability, flammability, and high thermal stability of silver antimicrobial additives fuels the growth of the market. In addition, various government environmental regulations are playing important role in the growth of the market. Some of the other factors driving growth of the market include changing consumer lifestyle, changing preference towards hygiene and disposable products and increasing health awareness among consumers globally.

Scope of the Report:
This study provides an overview of the Global Antimicrobial Additives Industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Antimicrobial Additives Market as product, application and end-use. On the basis of product it is segmented as organic and inorganic. On the basis of application it is segmented as construction, automotive, food & beverage, healthcare, electronics, and others. On the basis of end-use it is segmented as paints & coatings, paper, plastic, inks, silicone & rubber and others.

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