Antimicrobial
additive is a precise solution which is infused into a
product during manufacturing process to inhibit, kill and prevent the growth of
microorganisms including bacteria, microbes, fungi and protozoans. The
additives can be manufactured into a wide range of material such as plastics,
paints, textiles, paper, rubber, coatings and ceramics. They are increasingly
used in the production of medical devices for instance sheaths, access systems,
guide-wires, diagnostic catheters, guiding catheters, and thrombectomy devices
to prevent the microbial growth.
According to study, “Global Antimicrobial Additives Market: Information by
Type (Organic, Inorganic), Application (Plastics, Paints & Coatings, Rubber
& Silicone, Fabric), End-Use Industry (Healthcare, Construction, Furniture,
Textile), and Region-Forecast till 2023” the key companies
operating in the global antimicrobial additives market are DowDuPont, BASF SE,
Clariant AG, PolyOne, Biocote Limited, SteriTouch Ltd., Sanitized AG, Biosafe
Inc., NanoBioMatters Industries S.L., A. Schulman Inc., RTP Company, W.M. Barr
& Company, Inc., Milliken Chemical, Momentive PerTypeance Materials Inc.,
SteriTouch Limited, Life Materials Technologies Limited, Sanitized AG, Plastics
Color Corp., Microban International, Addmaster Limited. The key companies are
making effort to offer superior quality products and to increase their product
portfolio.
Based on type, antimicrobial additives market is segmented into organic
antimicrobial additives and inorganic antimicrobial additives. Organic
antimicrobial additives include Oxybisphenox Arsine (OBPA), Triclosan,
4,5-Dichloro-2-(N-Octyl)-4-Isothiazolin-3-One
(DCOIT) and others. Inorganic antimicrobial additives include silver,
zinc and copper. The organic additives are extensively used in products &
materials to offer long-lasting protection due to their extremely high activity
rate and ability to interact with huge number of microbes in a short period. Based
on application, market is segmented into pulp & paper, paints &
coatings, plastics and others. Plastic segment is expected to witness
substantial growth rate owing to extensive use in soap dispensers, surgical
products, food containers, and breathing devices during the forecast period. In
addition, based on end-user, market is segmented into automotive, construction,
packaging, healthcare, food & beverage and others. Healthcare segment holds
major share in market as a result of growth in use of antimicrobial additives
in insulated pathology bags, catheters, vaccine carriers, hospital bedding,
surgical drapes, wound dressings, and syringes as they minimize biofilm
formation.
The antimicrobial
additives market is driven by growth in use of antimicrobial additives in
plastic applications followed by high adoption rate in the construction
industry and expand in global healthcare industry. However, strict government
regulations and volatility in raw material price may impact the market.
Moreover, growth in adoption of antimicrobial additives in various applications
and increase in plastic waste are key opportunities for market.
Based on geography, the North-American region
dominates the antimicrobial additives market owing to growth in development of
healthcare infrastructure, high occurrence of diseases coupled with geriatric
population unhealthy dietary habits and rise in availability of reimbursement
coverage in the region. The Asian-Pacific and European regions are estimated to
witness higher growth rate due to growth in construction sectors and increase
in government initiatives over the forecast period. In upcoming years, it is
projected that future of the market will be bright caused by rise in consumer
awareness regarding the increase in number of health issues. The
global market is expected to register 6.58% CAGR to reach US $12,562.6 million
by the end of 2023.
For more information on the research report,
refer to below link:-
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