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Antimicrobial Additives Market To Exceed A Value Of Us$ 25.1 Billion By 2026| Marketsandmarkets™ Study
Antimicrobial additives are chemicals that are added to materials to inhibit the growth of microorganisms such as bacteria, fungi, and algae. These additives are used to increase the durability and shelf life of a product, as well as prevent the spread of disease. Common applications include food packaging, medical devices, textiles, and water treatment systems. They are also commonly found in paints, coatings, and adhesives.
The global antimicrobial additives market size is expected to reach USD 5.5 billion by 2026, according to a new report by MarketsandMarkets™, registering a 6.6% CAGR over the forecast period. Rising demand for antimicrobial additives from various end-use industries, such as healthcare, consumer goods, and building & construction, is projected to drive the market growth. Furthermore, growing awareness regarding health concerns, such as food contamination, and increasing demand for food packaging are expected to propel the market growth over the forecast period.
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The rising ...
... awareness regarding product safety and hygiene among consumers is expected to drive the demand for antimicrobial additives. Manufacturers are focusing on the development of antimicrobial additives to enhance the safety and shelf-life of products. Moreover, the rising demand for antimicrobial additives in the healthcare industry has been attributed to its ability to protect medical equipment, medical devices, and medical surfaces from microbial contamination. The growing demand for medical equipment and devices is anticipated to drive the antimicrobial additives market over the forecast period.
The market for antimicrobial additives is dominated by inorganic products.
Inorganic antimicrobial additives are chemical compounds that are insoluble in water and are used to inhibit or kill microorganisms in a variety of applications. These compounds are often used in food products, personal care products, paints and coatings, and water treatment systems. Common inorganic antimicrobials include chlorine, silver, and bromine compounds. They are used in products such as soaps, detergents, and sanitizers, as well as in industrial processes. Inorganic antimicrobials have the advantage of being effective against a wide range of microorganisms, including bacteria, fungi, and viruses.
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The antimicrobial additives market's largest end-use sector is anticipated to be healthcare throughout the forecast period.
The growing concerns about the spread of diseases in healthcare facilities and the need for infection prevention and control are driving the demand for antimicrobial additives in the healthcare industry. These additives are used for the production of medical textiles, hospital beds, medical furniture, and other healthcare products. They help in reducing contamination and promote hygiene in the healthcare settings. Additionally, the rising demand for antimicrobial-coated medical equipment and products is also likely to fuel the growth of the antimicrobial additives market in the healthcare industry.
Antimicrobial Additives in Food and Beverage Industry Consumption to Support Market Growth.
The increasing consumption of antimicrobial additives in the food and beverage industry is expected to bolster the market growth. The need for food and beverage products to have longer shelf-life and be safe for consumption has created a surge in the demand for antimicrobial additives. The additives are used to improve the shelf-life of food and beverage products by preventing spoilage caused by microbial contamination. Additionally, the growing awareness among consumers regarding food safety and hygiene is likely to drive market growth. Furthermore, the increasing consumption of convenience food and ready-to-eat snacks is supplementing the market growth.
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Plastics will continue to be the most profitable market for antimicrobial additives.
Plastics are expected to remain the most lucrative application for antimicrobial additives for the foreseeable future, owing to their wide range of applications in various end-use industries. Antimicrobial additives are used in plastics to inhibit the growth of microbes and protect the product from the adverse effects of microorganism. For example, antimicrobial additives are used to protect products such as medical devices, packaging, and plastics used in food processing and healthcare. The increasing demand for antimicrobial additives in the packaging industry and the growing use of plastics in medical equipment are likely to fuel the growth of the global antimicrobial additives market. Additionally, increasing research and development activities to come up with new antimicrobial additives, as well as the increasing demand for eco-friendly biodegradable plastics, are also expected to drive the demand for antimicrobial additives in the plastics industry.
APAC is estimated to be the largest market for antimicrobial additives during the forecast period.
The increasing demand for antimicrobial additives in the Asia Pacific region is mainly driven by the growing demand for processed food, beverages, and pharmaceuticals. Emerging economies such as India, China, and Japan are the major contributors to the growth of the antimicrobial additives market in the region. Moreover, the presence of rapidly growing end-use industries in the region, such as healthcare, personal care, and food & beverage, is also anticipated to fuel the growth of the antimicrobial additives market in the region. Furthermore, the increasing demand for hygiene and safety in food and beverages, especially in India and China, is expected to further propel the market growth in the Asia Pacific region.
The key market players profiled in the report include BASF SE (Germany), DuPont De Nemours (US), Microban International (US), Sanitized AG (Switzerland), LyondellBasell (Netherlands), Avient Corporation (US), Biocote (UK), and Milliken Chemical (US) among others.
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