12-July-2019: The global antimicrobial
additives market size is anticipated to reach USD 3.62
billion by 2025, according to a new report by Grand View Research, Inc. It is
anticipated to expand at a CAGR of 8.0% over the forecast period. Rising demand
from various end-use industries, such as healthcare, packaging, and food and
beverage is driving the market growth. These three end-use industries accounted
for a market share of 65.9% in terms of revenue in 2017.
Antimicrobial
additives are increasingly used in the production of medical devices such as
sheaths, guidewires, access systems, guiding catheters, diagnostic catheters,
and thrombectomy devices to prevent the microbial growth. High occurrence of
diseases coupled with geriatric population, sedentary lifestyle, and unhealthy
dietary habits can further fuel demand for these devices, which in turn is
anticipated to stimulate the market growth.
Inorganic additives
are expected to gain significant prominence over the years to come owing to
their use in a broader range of materials and applications, including paints,
coatings, textiles, and polymers over organic additives. They also have
excellent protection capabilities. For instance inorganic additives, such as
copper salts provide antimicrobial protection in preservative and sterilized
applications, with underlying substrates or layers being paints, coatings, and
polymers.
Asia Pacific is
estimated to be the fastest growing region during the forecast period. Rapidly
growing healthcare sector and dominant packaging industry are expected to
propel the product utilization in the region. The U.S. has been a significant
consumer of antimicrobial additives on a global scale for many years. High
demand for advanced medical services due to the availability of reimbursement
coverage and actively developed healthcare infrastructure are some of the
factors driving the market growth in the healthcare segment.
Competitive
landscape of the antimicrobial additives market reflects a number of companies
currently investing in research & development of new products to enhance
their market position. Since the past few years, there has been a considerable
increase in product innovation.
In
depth research report on Antimicrobial Additives Market
Further key findings from the report suggest:
·
Healthcare is anticipated to be the fastest growing end-use
segment. It is anticipated to register a CAGR of 11.1% during the forecast
period, in terms of revenue, on account of increasing manufacturing of medical
devices
·
Plastics segment captured the highest market share of 35.0%,
in terms of revenue, in 2017. Extensive use in soap dispensers, food
containers, surgical products, and breathing devices is anticipated to drive
the demand over the forecast period
·
The antimicrobial additives output in Asia Pacific is
estimated to expand at the fastest CAGR of 10.0% during the forecast period
with China and India being the top markets
·
Inorganic additives are predicted to account for a market
share of 55.9% in terms of volume by 2025. Significant demand for silver-based,
copper-based, and zinc-based additives is anticipated to drive the segment in
the forthcoming years
·
Key companies operating in the antimicrobial additives market
are NanoBioMatters Industries S.L.; BASF SE; A. Schulman, Inc.; Clariant AG;
and RTP Company. Most companies are making effort to provide superior quality
products and to expand their product portfolio. For instance, in September
2016, BASF introduced MasterLife AMA 100, an antimicrobial admixture for
improving the protection of concrete structures against damage.
Grand View Research
has segmented the global antimicrobial additives market on the basis of type, application,
end-use, and region:
Antimicrobial Additives Type Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2025)
·
Organic
·
Inorganic
Antimicrobial Additives Application Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Plastics
·
Paints & Coatings
·
Pulp & Paper
·
Others
Antimicrobial Additives End-use Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Healthcare
·
Packaging
·
Food & Beverages
·
Construction
·
Automotive
·
Others
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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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