DUBAI, UAE. 23th September
2019: Antimicrobial Additives Market size
was valued at USD 7.86 billion in 2015. Increasing use of the product in number
of end use industries such as food and beverages, healthcare, packaging,
construction, automotive, furniture and electronics is expected to be a driving
force of growth.
Antimicrobial additives have special ingredients that help
prevent fungal, bacterial and algal development in materials which are exposed
to moisture as well as high level of ultra violet radiation & unsanitary
conditions. The products have number of applications in papers, textiles,
plastics, paints and coatings, inks, fabric care and rubber, so as to suppress
the breeding of undesirable microorganisms and thereby increase the durability
of the substrate.
Request Sample Copy @
https://www.millioninsights.com/industry-reports/antimicrobial-additives-market/request-sample
Application Insights
In 2015, the demand for this additive was at peak at about
18.3 kilo tons. Increasing demand for these products due to rise in use of
plastics as substitute instead of the conventional materials like metal and
glass in may medical instruments such as aesthetic machines, medical
ventilators, electrocardiograph and heart and lung machines is likely to propel
the use of these products.
These products find applications in paint and coating as
they help in limiting the growth of microbes on metal and wall surfaces, that
may substantially damage the surfaces. The rising demand for such antimicrobial
paints and coatings in construction and automotive sectors is expected to drive
the industry growth in the comings years.
End-use Insights
Owing to growing usage of hygiene products and medical
equipment in Asia Pacific, healthcare sector is foreseen to witness substantial
amount of growth in revenue at a CAGR of 7.5% during 2016 to 2025. The
increasing demand for additives for coating medical devices such as CT
scanners, infusion pumps, X-ray machines, dialysis machines, medical imaging
machines is projected to augment market development.
These additives are mainly used in plastics which is further
utilized in various electronic applications. Focus on enhancing durability of
electronic equipment will probably trigger the antimicrobial additives market
over the forecast period.
Regional Insights
Asia Pacific dominates the overall demand with a market
penetration of around 35% in 2015. The region is also expected to witness
marginal growth in its market share owing to increasing packaging, healthcare,
automotive and construction industries. Presence of many coatings & paints
manufacturers such as BASF, AkzoNobel, Nippon Paint, Sherwin-Williams, and
Kansai Paint in the region will probably trigger the market growth.
The U.S. market is expected to observer significant gains
both in terms of volume as well as revenue on account of increasing usage of
antimicrobial additives in packaging. The regional market is expected to
witness a CAGR of 7% from 2016 to 2025, in terms of revenue.
Competitive Insights
The global antimicrobial additives market is oligopolistic
in nature with presence of numerous key players in Europe and North America. Key
players operating in the market include BASF SE, BioCote Limited, SteriTouch
Limited, Momentive Performance Material Inc., Dow Chemical Company,
Nanobiomatters Industries S.L., A. Schulman Inc., Plastics Color Corporation,
Sanitized AG, Microban International, Life Material Technologies Limited,
AkzoNobel N.V., RTP Company, Milliken Chemical, and Clariant.
Browse Complete
Report with TOC @ https://www.millioninsights.com/industry-reports/antimicrobial-additives-market
Market Segment:
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
For More Information,
Visit Our Blog @ www.digitalmarket360.wordpress.com
