The global antimicrobial
additives market size is expected to reach USD 15.34 billion by 2025, according
to a new report by Grand View Research, Inc. The growing demand for healthcare
products such as medical devices and disposables in emerging economies including
India and China will fuel growth over the forecast period. Furthermore,
increasing awareness among consumers regarding hospital acquired infections
(HAIs) is expected to propel the demand for products with antimicrobial
properties further.
The usage of antimicrobial
additives in the packaging industry will witness considerable revenue growth at
a CAGR of 7.1% from 2016 to 2025. These additives are added to the plastic
products to prevent spoilage of food, beverages, and medicines due to microbial
contamination. Moreover, the rising number of fast food chains and restaurants
are anticipated to drive the demand for packaging thereby increasing product
demand. In addition, the increasing usage of these additives in the paper for
packing medicines and food will create immense growth opportunities over the
forecast period.
In depth research report on Antimicrobial Additives Market
Further key findings from the report suggest:
•
The global antimicrobial
additives market demand was 57.4 kilo tons in 2015 and is projected to grow
significantly on account of swift healthcare expansion in emerging countries
such as China, India, Brazil, Mexico, Singapore, Saudi Arabia, and Thailand
•
Europe accounted for 22.5% of
the global volume share in 2015 and is anticipated to witness growth in light
of rising consumer demand for antimicrobial packaging, healthcare, food &
beverage and paints & coatings products over the upcoming years
•
Inorganic antimicrobial
additives are expected to witness significant volume growth at a CAGR of 8.3%
from 2016 to 2025 on account of increasing usage of silver ion. Excellent
antimicrobial properties along with low toxicity of silver will spur market
demand in the future.
•
The industry is dominated by
key participants including AkzoNobel N.V., BASF SE, Dow Chemical Company,
BioCote Limited, Sanitized AG, SteriTouch Limited, Life Material Technologies
Limited, Nanobiomatters Industries S.L., Momentive Performance Material Inc.,
Clariant, Microban International, A. Schulman, Inc., Milliken Chemical, RTP
Company, and Plastics Color Corporation
•
Companies are focusing on
extensive research to develop innovative products and technologies. For
instance, in October 2016, Sanitized AG introduced Sanitized PL 14-32, a highly
effective product for long-lasting antimicrobial protection for flexible
polymer applications.
Grand View Research has
segmented the global antimicrobial additives market on the basis of type, application,
end-use and region:
Type Outlook (Volume, Tons; Revenue, USD Million, 2014 -
2025)
•
Organic
•
Inorganic
Application Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
•
Plastics
•
Paints & coatings
•
Pulp & paper
•
Others
End-Use Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
•
Healthcare
•
Packaging
•
Food & beverages
•
Construction
•
Automotive
•
Others
Regional Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
•
North America
o
U.S.
•
Europe
o
Germany
o
UK
•
Asia Pacific
o
China
o
India
•
Latin America
o
Brazil
•
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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