The global antimicrobial additives market size is expected
to reach USD 15.34 billion by 2025, according to a new report by Grand View
Research, Inc. The growing demand for healthcare products such as medical
devices and disposables in emerging economies including India and China will
fuel growth over the forecast period. Furthermore, increasing awareness among
consumers regarding hospital acquired infections (HAIs) is expected to propel
the demand for products with antimicrobial properties further.
The usage of antimicrobial additives in the
packaging industry will witness considerable revenue growth at a CAGR of 7.1%
from 2016 to 2025. These additives are added to the plastic products to prevent
spoilage of food, beverages, and medicines due to microbial contamination.
Moreover, the rising number of fast food chains and restaurants are anticipated
to drive the demand for packaging thereby increasing product demand. In
addition, the increasing usage of these additives in the paper for packing
medicines and food will create immense growth opportunities over the forecast
period.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/antimicrobial-additives-market
Further key findings from the report suggest:
·
The global antimicrobial additives market
demand was 57.4 kilo tons in 2015 and is projected to grow significantly on
account of swift healthcare expansion in emerging countries such as China,
India, Brazil, Mexico, Singapore, Saudi Arabia, and Thailand
·
Europe accounted for 22.5% of the global
volume share in 2015 and is anticipated to witness growth in light of rising
consumer demand for antimicrobial packaging, healthcare, food & beverage
and paints & coatings products over the upcoming years
·
Inorganic antimicrobial additives are
expected to witness significant volume growth at a CAGR of 8.3% from 2016 to
2025 on account of increasing usage of silver ion. Excellent antimicrobial
properties along with low toxicity of silver will spur market demand in the
future.
·
The industry is dominated by key
participants including AkzoNobel N.V., BASF SE, Dow Chemical Company, BioCote
Limited, Sanitized AG, SteriTouch Limited, Life Material Technologies Limited,
Nanobiomatters Industries S.L., Momentive Performance Material Inc., Clariant,
Microban International, A. Schulman, Inc., Milliken Chemical, RTP Company, and
Plastics Color Corporation
·
Companies are focusing on extensive research
to develop innovative products and technologies. For instance, in October 2016,
Sanitized AG introduced Sanitized PL 14-32, a highly effective product for
long-lasting antimicrobial protection for flexible polymer applications.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global antimicrobial additives market on the basis of type, application,
end-use and region:
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
End-Use Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
·
Healthcare
·
Packaging
·
Food & beverages
·
Construction
·
Automotive
·
Others
Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
·
MEA
View press release of this research
report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-antimicrobial-additives-marketAbout Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
