Global Antimicrobial Additives Market to Reach US$ 11.1 Billion by 2032, Fueled by Expanding Product Utilization across Healthcare Industry

June 05, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Antimicrobial Additives Market Report by Product Type (Inorganic Antimicrobial Additives, Organic Antimicrobial Additives), Application (Plastic, Paints and Coatings, Pulp and Paper, and Others), End Use Vertical (Construction, Automotive, Healthcare, Food and Beverage, and Others), and Region 2024-2032,” the global antimicrobial additives market size reached US$ 5.8 Billion in 2023. Antimicrobial additives are substances that are incorporated into materials to inhibit or prevent the growth of microorganisms such as bacteria, fungi, viruses, and algae. They disrupt the cellular functions or structures of microorganisms, thereby preventing their ability to multiply and spread. This, in turn, helps in reducing the risk of microbial contamination, odor, staining, and deterioration of the treated products. In addition to this, antimicrobial additives can contribute to the overall lifespan and durability of treated materials by inhibiting microbial-induced degradation processes, such as biofilm formation or discoloration. As a result, they are used to provide antimicrobial properties to a wide range of products, including plastics, coatings, textiles, ceramics, and polymers.

Global Antimicrobial Additives Market Trends:

The escalating consumer concerns regarding health and hygiene due to the rise in the spread of viruses and infections represent the prime factor driving the market growth. Besides this, the extensive emphasis on the importance of antimicrobial protection and the implementation of numerous stringent regulations and guidelines for antimicrobial efficacy and safety are contributing to the market growth. Moreover, widespread product adoption across the healthcare, food processing, and personal care industries to mitigate the risk of microbial contamination is creating a positive outlook for market growth. In line with this, the growing use of inorganic antimicrobial additives, such as copper and silver, across hospitals and clinics to protect patients against healthcare-associated infections (HAIs), especially post the COVID-19 pandemic, is strengthening the market growth. In addition to this, the surging demand for antimicrobial packaging solutions to comply with food safety standards, extend the shelf life, and preserve the quality of packaged food products is presenting remunerative growth opportunities for the market. Furthermore, the shifting preference for antimicrobial consumer products for personal hygiene, household cleaning, and other applications and the expanding adoption of antimicrobial-treated textiles to provide protection against odor-causing bacteria and fungi are positively impacting the market growth. Looking forward, the market value is projected to reach US$ 11.1 Billion by 2032, expanding at a CAGR of 7.3% during 2024-2032.

Market Summary:

Based on the product type, the market is bifurcated into inorganic and organic antimicrobial additives. Currently, inorganic antimicrobial additives dominate the market, holding the largest share.
On the basis of the application, the market has been segregated into plastic, paints and coatings, pulp and paper, and others. At present, plastics account for the majority of the global share.
Based on the end use vertical, the market is categorized into construction, automotive, healthcare, food and beverage, and others. Amongst these, healthcare is the biggest end-use industry.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Presently, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Avient Corporation, BioCote Ltd, Chroma Color Corporation, Dow Inc., King Plastic Corporation, Life Material Technologies Limited, LyondellBasell Industries Holdings B.V., Microban International Ltd., Milliken Chemical Company (Milliken & Company) and Sanitized AG.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product Type, Application, End Use Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Avient Corporation, BioCote Ltd, Chroma Color Corporation, Dow Inc., King Plastic Corporation, Life Material Technologies Limited, LyondellBasell Industries Holdings B.V., Microban International Ltd., Milliken Chemical Company (Milliken & Company) and Sanitized AG.
Customization Scope	10% Free Customization
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Global Antimicrobial Additives Market to Reach US$ 11.1 Billion by 2032, Fueled by Expanding Product Utilization across Healthcare Industry

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