Antimicrobial Additives Market to be Worth $5.63 Billion by 2030: Grand View Research, Inc.

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Apr 11, 2023, 05:40 ET

SAN FRANCISCO, April 11, 2023 /PRNewswire/ -- The global antimicrobial additives market size is expected to reach USD 5.63 billion by 2030, registering a CAGR of 8.9% according to a new report by Grand View Research, Inc. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.

Key Industry Insights & Findings from the report:

In terms of revenue, the inorganic type of segment accounted for the highest share in 2022 and is expected to expand at the fastest CAGR during the forecast period.
The healthcare end-use segment dominated the global market and accounted for more than 26.0% of the overall revenue in 2022.
Asia Pacific accounted for the largest revenue share in 2022 and is estimated to register the fastest CAGR from 2023 to 2030. The growth of the Asia Pacific market can be credited to the robust manufacturing base of the healthcare and textile industries across China, India, and Japan.
The industry is highly competitive and various strategic initiatives were recorded over the past few years to boost the market growth. For instance, in November 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of its "Sanitized" antimicrobial additives in the Eastern Europe market. In August 2020, Sanitized AG aligned with CHEMLOGIS, this is a strategic sales partnership for antimicrobial polymer additive products for the market in Mexico.

Read 219 page market research report, "Antimicrobial Additives Market Size, Share & Trends Analysis Report By Type (Organic, Inorganic), By Application (Plastics, Paints & Coatings), By End-use (Healthcare, Packaging ), By Region And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Antimicrobial Additives Market Growth & Trends

The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the COVID-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of COVID-19 will positively impact the market growth. The Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.

Based on type, the global market is segmented into organic and inorganic. Inorganic was the prominent segment and accounted for around 52.0% of the global revenue share in 2021. The inorganic type of segment is expected to witness significant growth due to the high demand for silver, copper, and zinc based additives. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and protecting microbial growth.

Antimicrobial Additives Market Segmentation

Grand View Research has segmented the antimicrobial additives market on the basis of type, application, end-use, and region:

Antimicrobial Additives Market - Type Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

Organic
Inorganic

Silver
Copper
Zinc

Antimicrobial Additives Market - Application Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

Plastics
Paints & Coatings
Pulp & Paper
Others

Antimicrobial Additives Market - End-use Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

Healthcare

Minimally Invasive Medical Products
Endotracheal Tubes
Wound dressing
Surgical drapes
Syringes
Re-usable Medical items

Hospital Bedding
Dental trays
Beds
Hospital gowns
Orthopedic devices
Laparoscopic Instruments
Medical Scrubs

Packaging

Food Packaging

Active Packaging
Controlled Release Packaging

Non-food Packaging

Food & Beverage

Bakery Food
Beverages
Dairy
Meat Processing

Building & Construction

Insulation
Faucets & Fixtures
Door Hardware
Sealants & Grouts
Carpet
Paints
OSB
Melamine
Others

Automotive & Transportation

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Train
Aeroplanes

Textile

Apparels
Home Textiles
Footwear
Sport Textiles
Non-woven
Others

Consumer Goods

Cleaning Products
Cosmetics
Toys

Others

Antimicrobial Additives Market - Regional Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy

Asia Pacific

China
India
Japan

Central & South America

Brazil
Argentina

Middle East & Africa

GCC Countries
South Africa

List of Key Players in the Antimicrobial Additives Market

NanoBioMatters Industries S.L
BASF SE
RTP Company
Milliken Chemical
BioCote Limited
Microban International
Clariant AG
PolyOne Corporation
Momentive Performance Materials Inc.
Life Materials Technologies Limited
SteriTouch Limited
Sanitized AG
Dow Inc.
LyondellBasell Industries Holdings B.V.
Plastics Color Corporation
Lonza

Check out more related studies published by Grand View Research:

Antimicrobial Plastic Market - The global antimicrobial plastic market size is expected to reach USD 73.7 billion by 2030, according to a report by Grand View Research, Inc. The market is projected to expand at a CAGR of 7.8% from 2022 to 2030. The growing demand for products from packaging, health care, consumer products, and some other industries is expected to drive the market. Moreover, the growing complex epidemiological situations, such as COVID-19, microbial contamination, hospital-acquired infections, and healthcare-associated infections (HCAIs), are expected to fuel the growth of the market.
Antimicrobial Nanocoatings Market - The global antimicrobial nanocoatings market size is anticipated to reach USD 717.9 million by 2027, expanding at a CAGR of 22.2% over the forecast period, according to a new report by Grand View Research, Inc., The market is expected to witness significant growth over the forecast period owing to increasing product demand from end-use industry industries. In the past few years, there has been a significant growth in application and technologies for use of antimicrobial nanocoatings, which have enabled manufacturers to cater to specific requirements from several end-use industry industries such as automotive, building and construction, and packaging.
Polyethylene Terephthalate Additives Market - The global polyethylene terephthalate additives market size is anticipated to reach USD 2.13 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 5.8% during the forecast period. The market is anticipated to grow due to the rising application scope in the packaging, medical, and automotive industries. Polyethylene terephthalate (PET) additives offer enhanced chemical resistance and shatterproof attributes and thus, are widely used across the packaging industry. The demand for coloured plastics is increasing swiftly led by the growth in the packaging industry. The global packaging industry is witnessing significant growth, driven by the consolidated development of sub-segments, such as food, industrial, retail, consumer, and medical packaging.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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