Antimicrobial Additives market 2019 Industry report incorporates Antimicrobial Additives Industry Volume, piece of the overall industry showcase Trends, Size, Share, classifications, applications and Cost Structure, Antimicrobial Additives Growth angles, an extensive variety of user, Utilization proportion, supply and request investigation, fabricating limit, Antimicrobial Additives price amid the forecast time frame 2019 to 2023
The global market for antimicrobial additives stood at USD 8,573.1 Million during 2017, which is expected to reach approximately USD 12,500 Million by the end of 2023. According to the analysis of Market Research Future (MRFR), the global antimicrobial additives market is poised to capture a CAGR of 6.58% over the forecast period of 2017-2023.
Top Brands Analyzed in Global Antimicrobial Additives Market:
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
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Antimicrobial Additives Market Scenario:
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.
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.
Industry/ Innovation/ Related News:
June 2017- Foster Corporation launched Combat antimicrobial master batches for blending with medical device polymers. These antimicrobial is predicted to kill many microbes including methicillin-resistant staphylococcus aureus (MRSA) and others. This product launch is estimated to strengthen their position among the antimicrobial additives manufacturers.
October 2016- BASF SE announced to launch antimicrobial admixture for concrete protection named as MasterLife AMA 100. This product is able to offer sustainable solution for construction industry. This strategic move is estimated to expand BASF portfolio and is projected to strengthen company’s position among the global manufacturers.
Geographically, Asia Pacific accounted for the largest market share for antimicrobial additives in 2016, followed by North America which is further trailed by Europe. In North America the antimicrobial additives market is predicted to exhibit above average growth over the forecast period on account of substantial growth of healthcare and food & beverage sector in this region. Asia Pacific is anticipated to witness tremendous growth over the assessment period in antimicrobial additives market due to growing application of antimicrobial additives in numerous end use industries.
In Asia Pacific, the demand for antimicrobial additives is predicted to improve in various countries such as India, Japan, Indonesia, China, South Korea, Taiwan, and the Philippines on account of improving population combined with shifting of production facilities for most of the matured market players in this region. In Europe, antimicrobial additives market is predicted to register moderate growth due to shifting consumer preference towards the antimicrobial additives based products coupled with high adoption rate in building & construction, automotive, electrical & electronics, and others specifically in Italy, Germany, Poland, Spain, France, Belgium, UK, and Russia.
Furthermore, various countries of Latin America and the Middle East & Africa are predicted to witness moderate growth in antimicrobial additives due to growing per capita disposable income coupled with sales of antimicrobial additives based product specifically in Brazil, Guatemala, Mexico, Chile, Argentina, Peru, and Venezuela combined with expanding automotive manufacturing unit and building & construction sector specifically in Oman, Israel, Saudi Arabia, UAE, Qatar, Kuwait, and Turkey
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The Antimicrobial Additives report has analysed the level of competition among the key operating players in antimicrobial additives market as well as sector growth and market scenario. The global antimicrobial additives market comprises of broad range of suppliers operating in the market which includes moderate scale and small scale manufacturers.
The important players of antimicrobial additives and large level manufacturers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as moderate level and high level suppliers belongs to this province specifically from South Korea, the Philippines, Taiwan, Japan, Australia, China, India, Malaysia, and Thailand. In addition, the key operating players of antimicrobial additives are observed to follow various strategic plans to enhance their product portfolio such as distribution agreements, strategic acquisition, joint ventures, product launches, and mergers, and exclusive agreements. Important manufacturers in this market are predicted to enhance their production capacity of antimicrobial additives to meet the increasing demand for antimicrobial additives across the globe.
Major Points From Table Of Figures:
FIGURE 1 GLOBAL ANTIMICROBIAL ADDITIVES MARKET: MARKET STRUCTURE
FIGURE 2 RESEARCH PROCESS OF MRFR
FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACH
FIGURE 4 MARKET DYNAMICS OVERVIEW
FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL ANTIMICROBIAL ADDITIVES MARKET