Growing Adoption Across Various New Applications to Drive Expansion of the Anti-microbial Additives Market
Category: Chemicals & Materials Published Date : Oct-23 ID: CVC0172 Format: PDF Pages: 300
The antimicrobial additives market is experiencing significant growth, driven by factors such as increasing awareness about health issues, rapid urbanization, and a growing population. The market was valued at USD 2.87 billion in 2022 and grew at a CAGR of 8.9% from 2023 to 2030. This article delves into the various facets of the market, including types of antimicrobial additives, applications, end-use sectors, and regional insights.
The Anti-microbial Additives Market is experiencing significant growth due to the increasing demand in the healthcare sector. The COVID-19 pandemic has particularly accelerated this demand. Medical devices like urinary catheters and vascular access devices are susceptible to bacterial colonization. To combat this, medical device manufacturers are incorporating anti-microbial additives into these devices. For example, according to a report by CleanLink, the healthcare end-use segment accounted for more than 26% of the overall revenue in 2022, indicating a strong driver for the market.
Environmental concerns serve as a significant restraint for the antimicrobial additives market. Chemical-based additives like Triclosan are toxic to aquatic life. Regulatory bodies such as the Environmental Protection Agency (EPA) have imposed restrictions on the use of certain anti-microbial additives, affecting market growth. For instance, the EPA has specific guidelines on the disposal of Triclosan, making it more challenging for manufacturers to use this additive freely.
There are numerous opportunities for expansion in the anti-microbial additives market, especially in sectors like food and beverage and personal care. Anti-microbial additives are being increasingly used in food packaging to extend shelf life and in personal care products like soaps and lotions to enhance their effectiveness. Companies like Microban offer a range of anti-microbial solutions that are used in consumer goods, providing a real example of market opportunities.
Type Insights
Inorganic Anti-microbial Additives
Inorganic types led the market, accounting for more than 53% of the global revenue in 2022. These include silver-based, copper-based, and zinc-based additives. Silver-based additives are popular for their non-toxicity, long-lasting performance, and environmental friendliness. Copper salts find applications in paints, coatings, and polymers, offering antimicrobial protection.
Organic Anti-microbial Additives
Organic antimicrobial additives are used in paints and coatings to provide long-lasting protection against microbes. However, the growth of this segment is expected to be sluggish due to bans on certain toxic substances like OBPA and triclosan.
Plastics
The plastics segment led the market with more than 34% of the global revenue in 2022. Antimicrobial additives are incorporated during the production process of plastics to offer resistance against microbes, thus extending the functional lifetime of plastic products.
Paints & Coatings
Antimicrobial additives are used in all types of paints and coatings, including solvent, water, and oil-based coatings. Silver-based additives are particularly effective when used with paints.
Healthcare
The healthcare segment led the antimicrobial additives market, accounting for more than 26% of the worldwide revenue in 2022. The rising demand for healthcare products due to an ageing population and growing healthcare awareness is driving this segment.
Food & Beverage
This segment is expected to witness above-average growth, supported by the continuous utilization of additives in various food processing equipment and storage containers.
Anti-microbial Additives Industry in North America
North America holds a significant share of the anti-microbial additives market, accounting for 29% of the total market. The region’s dominance is primarily due to its advanced healthcare infrastructure and stringent regulations concerning hygiene and sanitation. The United States, in particular, has been a significant contributor to market growth, with hospitals and healthcare facilities increasingly adopting anti-microbial solutions. Companies like Dow Microbial Control are leading the way in providing anti-microbial additives for a range of applications, from healthcare to consumer goods, further driving the market in this region.
Anti-microbial Additives Market in Europe
Europe is another strong player in the industry, with countries like Germany and the United Kingdom leading the way. The European market is driven by its strong focus on healthcare and sanitation, as well as its stringent regulations concerning product safety. The European Chemicals Agency (ECHA) has specific guidelines on the use of anti-microbial additives, which has led to the development of more eco-friendly solutions. Companies like BASF are at the forefront of this, offering a range of sustainable anti-microbial products.
Anti-microbial Additives Industry in Asia Pacific Excluding Japan
The Asia Pacific region, excluding Japan, is expected to register the fastest growth in the anti-microbial additives market. Countries like China and India have robust manufacturing bases in healthcare and textiles, which are significant consumers of anti-microbial additives. The rising awareness about healthcare and sanitation in these countries is also contributing to market growth. Companies like Clariant are making inroads into these markets, offering a range of anti-microbial solutions tailored for the Asia Pacific market.
Anti-microbial Additives Market in Japan
Japan is a unique market in the Asia Pacific region, with its own set of drivers and challenges. The country has a highly advanced healthcare system and is a significant consumer of medical devices, which often incorporate anti-microbial additives. Companies like Kaneka Corporation offer specialized anti-microbial solutions tailored for the Japanese market. However, stringent regulations and a focus on sustainability could pose challenges for chemical-based additives.
Anti-microbial Additives Sector in Latin America
Latin America is an emerging market in the business scenario, driven by growing awareness about healthcare and sanitation. Countries like Brazil and Mexico are witnessing increased demand for anti-microbial products in healthcare settings as well as in consumer goods. Local companies are partnering with global giants to bring a range of anti-microbial solutions to the market, further fueling growth in this region.
Anti-microbial Additives Market in the Middle East & Africa
The Middle East and Africa region is also showing promise in the Anti-microbial Additives Market, although it is still considered a nascent market. The healthcare sector in countries like Saudi Arabia and the United Arab Emirates is growing, leading to increased demand for anti-microbial solutions. However, the market also faces challenges such as regulatory hurdles and a lack of awareness, which companies need to navigate to establish a foothold.
Key Players Steering the Anti-microbial Additives Market Forecast
Prominent players in the market are engaged in mergers and acquisitions, expansion of manufacturing facilities, and R&D activities. Some of the key players include NanoBioMatters Industries S.L, BASF SE, RTP Company, Milliken Chemical, and BioCote Limited.
In July 2023, BioCote Limited entered into a partnership with Eco Finish for antimicrobial surfaces in pools.
In April 2023, Microban International partnered with Berry Global for scented trash bags featuring antimicrobial technology.
The antimicrobial additives market is poised for substantial growth, driven by various end-use industries and technological advancements. With a focus on healthcare and packaging applications, especially in the wake of the COVID-19 pandemic, the market is expected to reach new heights in the coming years.
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1.1 Global Market Outlook
1.2 Technology Roadmap
1.3 Supply and Demand Side Trends
1.4 Strategic Success Factors
1.5 Analysis and Recommendations
2.1 Market Taxonomy
2.2 Market Definitions
2.3 Inclusions & Limitations
3.1 Supply Side Overview
3.2 Demand Side Overview
3.3 Economic Side Trends
4.1 Macroeconomic Factors
4.2 Forecast Factors
4.3 Porter’s Five Forces
4.4 Value Chain Analysis
4.4.1 List of Raw Material Suppliers
4.4.2 List of Manufacturers
4.4.3 List of Traders and Suppliers
4.4.5 Average Margin Analysis
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.5.3 Opportunities
4.6 Patent Analysis
4.7 Trade Analysis
4.8 Regulatory Overview
4.9 Covid-19 Impact Assessment
4.9.1 Economy/Cluster Projections
4.9.2 Covid-19 Economic Assessment
4.9.3 Potential Impact on Target Market
4.9.4 Recovery Scenario
5.1 Historical Value ($ Mn) and Future Market Value ($ Mn) Forecast Analysis
5.2 Demand Y-o-Y Growth Rate Analysis
5.3 Total $ Opportunity Analysis
5.4 Historical Volume (Tons) and Future Market Volume (Tons) Forecast Analysis
6.1 Regional Pricing Analysis By Type
6.2 Regional Price Forecast Future
6.3 Price Impact Factors
6.4 Company-wise Profit Margin Analysis
7.1 Introduction
7.2 Market Trends / Key Findings
7.3 Historical Market Analysis and Market Forecast Analysis
7.3.1 Inorganic Anti-microbial Additives
7.3.2 Organic Anti-microbial Additives
7.4 Y-o-Y Growth Trend Analysis by Type, 2023-2033
7.5 Total $ Opportunity Analysis by Type, 2023-2033
7.6 Market Attractiveness Analysis
8.1 Introduction
8.2 Market Trends / Key Findings
8.3 Historical Market Analysis and Market Forecast Analysis
8.3.1 Plastics
8.3.2 Paints & Coatings
8.3.3 Pulp & Paper
8.3.4 Others
8.4 Y-o-Y Growth Trend Analysis by Application, 2023-2033
8.5 Total $ Opportunity Analysis by Application, 2023-2033
8.6 Market Attractiveness Analysis
9.1 Introduction
9.2 Market Trends / Key Findings
9.3 Historical Market Analysis and Market Forecast Analysis
9.3.1 Healthcare
9.3.2 Packaging
9.3.3 Construction
9.3.4 Food & Beverage
9.3.5 Automotive
9.3.6 Others
9.4 Y-o-Y Growth Trend Analysis by End-Use Industry, 2023-2033
9.5 Total $ Opportunity Analysis by End-Use Industry, 2023-2033
9.6 Market Attractiveness Analysis
10.1Introduction
10.2Market Trends / Key Findings
10.3Historical Market Analysis and Market Forecast Analysis
10.3.1 North America
10.3.2 Latin America
10.3.3 Europe
10.3.4 East Asia
10.3.5 South Asia & Pacific
10.3.6 Middle East & Africa (MEA)
10.4Y-o-Y Growth Trend Analysis By Region, 2023-2033
10.5Total $ Opportunity Analysis By Region, 2023-2033
10.6Market Attractiveness Analysis
11.1 Introduction
11.2 Market Trends/Key Findings
11.3 North America Pricing Analysis
11.4 Historical Market Analysis and Market Forecast Analysis
11.4.1 By Country
11.4.1.1 The U.S.
11.4.1.2 Canada
11.4.2 By End-Use Industry
11.4.3 By Type
11.4.4 By Application
11.5 Market Attractiveness Analysis
11.5.1 By Country
11.5.2 By End-Use Industry
11.5.3 By Type
11.5.4 By Application
11.6 Market Participants Presence Mapping
12.1 Introduction
12.2 Market Trends/Key Findings
12.3 Latin America Pricing Analysis
12.4 Historical Market Analysis and Market Forecast Analysis
12.4.1By Country
12.4.1.1 Brazil
12.4.1.2 Mexico
12.4.1.3 Rest of Latin America
12.4.2 By End-Use Industry
12.4.3 By Type
12.4.4 By Application
12.5 Market Attractiveness Analysis
12.5.1 By Country
12.5.2 By End-Use Industry
12.5.3 By Type
12.5.4 By Application
12.6 Market Participants Presence Mapping
13.1 Introduction
13.2 Market Trends/Key Findings
13.3 Europe Pricing Analysis
13.4 Historical Market Analysis and Market Forecast Analysis
13.4.1 By Country
13.4.1.1 Germany
13.4.1.2 U.K.
13.4.1.3 France
13.4.1.4 Italy
13.4.1.5 Spain
13.4.1.6 Poland
13.4.1.7 Russia
13.4.1.8 Rest of Europe
13.4.2 By End-Use Industry
13.4.3 By Type
13.4.4 By Application
13.5 Market Attractiveness Analysis
13.5.1 By Country
13.5.2 By End-Use Industry
13.5.3 By Type
13.5.4 By Application
13.6 Market Participants Presence Mapping
14.1 Introduction
14.2 Market Trends/Key Findings
14.3 East Asia Pricing Analysis
14.4 Historical Market Analysis and Market Forecast Analysis
14.4.1 By Country
14.4.1.1 China
14.4.1.2 Japan
14.4.1.3 South Korea
14.4.2 By End-Use Industry
14.4.3 By Type
14.4.4 By Application
14.5Market Attractiveness Analysis
14.5.1 By Country
14.5.2 By End-Use Industry
14.5.3 By Type
14.5.4 By Application
14.6 Market Participants Presence Mapping
15 South Asia & Pacific Anti-microbial Additives Historical Analysis 2018-2022 and Forecast 2023-2033
15.1 Introduction
15.2 Market Trends/Key Findings
15.3 South Asia & Pacific Pricing Analysis
15.4 Historical Market Analysis and Market Forecast Analysis
15.4.1 By Country
15.4.1.1 India
15.4.1.3 ASEAN
15.4.2.3 ANZ
15.4.2 By End-Use Industry
15.4.3 By Type
15.4.4 By Application
15.5 Market Attractiveness Analysis
15.5.1 By Country
15.5.2 By End-Use Industry
15.5.3 By Type
15.5.4 By Application
15.6 Market Participants Presence Mapping
16.1 Introduction
16.2 Market Trends/Key Findings
16.3 Middle East & Africa Pricing Analysis
16.4 Historical Market Analysis and Market Forecast Analysis
16.4.1 By Country
16.4.1.1 GCC Countries
16.4.1.2 Turkey
16.4.1.3 South Africa
16.4.1.4 Israel
16.4.1.5 Rest of MEA
16.4.2 By End-Use Industry
16.4.3 By Type
16.4.4 By Application
16.5 Market Attractiveness Analysis
16.5.1 By Country
16.5.2 By End-Use Industry
16.5.3 By Type
16.5.4 By Application
16.6 Market Participants Presence Mapping
17.1Market Concentration Analysis
17.2Market Share Analysis
17.3 Start-up Ecosystem
17.3.1 New Player Entry
17.3.2 Strategies Adopted by New Players
17.3.2.1 Company Footprint Analysis
17.3.2.2 Competitive Dashboard
18.1 Loma Antimicrobial Ltd
18.2 Croma Color Corporation
18.3 Addmaster Limited
18.4 Rtp Company
18.5 Life Material Technologies Limited
18.6 LyondellBasell
18.7 Steritouch Ltd
18.8 BASF SE
18.9 King Plastic Corporation
18.10 Biocote
18.11 Aviant Corporation
18.12 Microban International Limited
18.13 Sanitized AG
18.14 Biosafe INC.
18.15 Teknor Apex
18.16 Troy Corporation
18.17 Arkema Group
18.18 Porex Corporation
18.19 Sanghai Langyi Functional Materials Co., Ltd.
18.21 Sciessent LLC
18.22 Milliken Chemical
18.23 Others