SAN FRANCISCO, May 24, 2022 /PRNewswire/ -- The global antimicrobial additives market size is expected to reach USD 4.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.6% from 2022 to 2030. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.
Key Insights & Findings from the report:
In terms of revenue, the inorganic type of segment accounted for the highest share in 2021 and is expected to expand at the fastest CAGR during the forecast period.
The healthcare end-use segment dominated the global market and accounted for more than 25% of the overall revenue in 2021.
Asia Pacific accounted for the largest revenue share in 2021 and is estimated to register the fastest CAGR from 2022 to 2030. The growth of the Asia Pacific market can be credited to the robust manufacturing base of the healthcare and textile industries across China, India, and Japan.
The industry is highly competitive and various strategic initiatives were recorded over the past few years to boost the market growth. For instance, in November 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of its "Sanitized" antimicrobial additives in the Eastern Europe market. In August 2020, Sanitized AG aligned with CHEMLOGIS, this is a strategic sales partnership for antimicrobial polymer additive products for the market in Mexico.
Read 230-page market research report, "Antimicrobial Additives Market Size, Share & Trends Analysis Report By Type (Organic, Inorganic), By Application (Plastics, Paints & Coatings), By End Use (Healthcare, Food & Beverage), And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Antimicrobial Additives Market Growth & Trends
The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the COVID-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of COVID-19 will positively impact the market growth. The Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.
According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.
Based on type, the global market is segmented into organic and inorganic. Inorganic was the prominent segment and accounted for around 52.0% of the global revenue share in 2021. The inorganic type of segment is expected to witness significant growth due to the high demand for silver, copper, and zinc based additives. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and protecting microbial growth.
Antimicrobial Additives Market Segmentation
For this report, Grand View Research has segmented the global antimicrobial additives market based on type, application, end-use, and region:
Antimicrobial Additives Market - Type Outlook (Volume, Tons, Revenue, USD Million, 2017 - 2030)
Antimicrobial Additives Market - Application Outlook (Volume, Tons, Revenue, USD Million, 2017 - 2030)
Paints & Coatings
Pulp & Paper
Antimicrobial Additives Market - End-use Outlook (Volume, Tons, Revenue, USD Million, 2017 - 2030)
Antimicrobial Additives Market - Regional Outlook (Volume, Tons, Revenue, USD Million, 2017 - 2030)
Central & South America
Middle East & Africa
List of Key Players of the Antimicrobial Additives Market
NanoBioMatters Industries S.L.
Momentive Performance Materials, Inc.
Life Materials Technologies Ltd.
LyondellBasell Industries Holdings B.V.
Plastics Color Corp.
Check out more related studies published by Grand View Research:
Antimicrobial Plastics Market - The global antimicrobial plastic market size is expected to reach USD 47.2 billion by 2028, expanding at a CAGR of 7.9%, according to a report by Grand View Research, Inc. Increasing product demand from the packaging, healthcare, consumer goods, and a few other application industries is expected to propel market growth Moreover, the rising complex epidemiological situation such as COVID -19, microbial contamination, nosocomial infections, Healthcare Associated Infections (HAIs) are expected to be a key driver for the market.
Antimicrobial Nanocoatings Market - The global antimicrobial nanocoatings market size is anticipated to reach USD 717.9 million by 2027, expanding at a CAGR of 22.2% over the forecast period, according to a new report by Grand View Research, Inc., The market is expected to witness significant growth over the forecast period owing to increasing product demand from end-use industry industries.
Breathable Antimicrobial Coatings Market - The global breathable antimicrobial coatings market size is expected to reach USD 676.7 million by 2025, according to a new report by Grand View Research, Inc. Growing population and high focus towards better healthcare services are expected to fuel the demand over the forecast period. In addition, supportive government regulations and increasing medical device & pharmaceutical manufacturing in developing economies are expected to augment utilization of the product over the forecast period.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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