Antimicrobial Additives Market Size, Share & Trends Analysis Report By Type (Organic, Inorganic), By Application (Plastics, Paints & Coatings, Pulp & Paper), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the antimicrobial additives market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for antimicrobial additives market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of antimicrobial additives market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Antimicrobial Additives Market Categorization:

The antimicrobial additives market was categorized into four segments, namely type (Organic, Inorganic), application (Plastics, Paints & Coatings, Pulp & Paper), end-use (Healthcare, Packaging, Food & Beverage, Building & Construction, Automotive & Transportation, Textile, Consumer Goods), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The antimicrobial additives market was segmented into type, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The antimicrobial additives market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; Italy; China; India; Japan; Brazil; Argentina; GCC Countries; and South Africa

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Antimicrobial additives market companies & financials:

The antimicrobial additives market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• NanoBioMatters Industries S.L: The company is headquartered in Valencia, Spain, and was established in 2004 to achieve expertise in the fields of organo-clay technology, plastics reinforcement, and bio-based materials. The proprietary technology of NanoBioMatters is based on natural clays which are purified, refined, and modified to ensure compatibility with a variety of polymer systems. The company’s modification technology consists of active functionalities and antimicrobial or antioxidant additives. The production facilities of the company can produce 2500 metric tons/year of additives and 4000 metric tons/year of masterbatches with the help of its modern laboratories for the development of additives in plastics. It offers two major products through its portfolio: standard modified clay additives, namely O2Block Barrier Additives, and functionalized (active) additives, namely BactiBlock. The company has a business presence across key countries including Spain, the U.S., Japan, and India. Its standard modified clay additives are used to improve physical properties in rheology, thermal, barrier, and foaming; whereas, functionalized (active) additives are used as a performance-enhancing carrier and dispersant.

• BASF SE: BASF SE was established in 1865 and is headquartered in Ludwigshafen, Germany. It is engaged in the production of a broad range of products such as petrochemicals, catalysts, nutrition products, coatings, monomers, intermediates, construction chemicals, performance materials & and chemicals, dispersions & and pigments, crop protection products, personal care chemicals. The company has segregated its business into six segments, namely chemicals, industrial solutions, materials, nutrition and care, surface technologies, and agricultural solutions. It caters its products to various industries including agriculture, automotive & and transportation, pharmaceutical, oil & and gas, food and beverage, and construction. The company is known for its integrated value chain process consisting of raw material manufacturing, processing, and distribution of end products. As of December 2018, its operations are spread across 80 countries with production units in countries of Asia Pacific, Europe, North America, and Africa with about 122,404 employees.

• RTP Company: RTP was founded in 1982 and is headquartered in Winona, Minnesota, U.S. The privately held company has approximately 18 product plants situated across the globe including Singapore, China, Suzhou, France, Germany, the U.S., and Mexico. The company chooses from over 60 resins and hundreds of additives to design a thermoplastic compound to cater to specific end-use requirements. The company’s customized thermoplastics help with static dissipation, structural reinforcement, greased water resistance, continuous use of high temperatures, UL-recognized flammability, soft-touch over-moldable elastomers, and special color and appearance effects. The company supplies its products to various industries including automotive, healthcare, electrical & and electronics, industrial, and energy. The company offers various functional additive masterbatches along with color products and specialty compounds. These additive masterbatches offer plastic processors optimal functionality at a lesser cost of usage and maximize additive usage.

• Milliken Chemical: The company was established in 1865 and is headquartered in South Carolina, U.S. The company produces a range of products including additives, specialty silicones, chemical intermediates, colorants, concentrates and masterbatches, solutions, and floor and carpet care. It caters to the needs of several market segments including building and construction, agriculture and turf, coatings, automotive and transportation, comfort, paints and inks, electronics, consumer goods, industrial goods, home and laundry care, medical, and packaging. As of 2018, the company has an employee strength of approximately 9,140 personnel across the globe. The company has a significant market presence in countries including the U.S., Singapore, China, India, Belgium, Brazil, and Mexico.

• BioCote Limited: The firm was founded in 1994 and is headquartered in the UK. The company is a supplier of antimicrobial technology, which protects against microbes such as bacteria and mold. The HACCP-approved company caters to the needs of around 50 countries. The company’s antimicrobial additives include silver, zinc, copper, and organics. These additives are used in plastics & polymers, paints & coatings, textiles & fabrics, paper, and ceramics.

• Microban International: Microban was founded in 1984 and is headquartered in North Carolina, U.S. The company is engaged in offering antimicrobial technologies and odor control solutions. SilverShield, ZPTech, AEGIS, Excalibur, Scentry Revive, and Scentry are some of the major brands offered by the company. It offers over 1000 products worldwide and has operations in the U.S., Hong Kong, China, and the UK. It caters to approximately 250 clients in 30 countries. Since 2011, the company has been operating as a subsidiary of Barr Brands International, which uses distinguished technologies to enhance consumer, textile, industrial, and medical products across the globe.

• Clariant AG: The company was founded in 1995 and is headquartered in Muttenz, Switzerland. The company is engaged in offering specialty chemical products. It operates in business areas namely care chemicals, natural resources, catalysis, and plastics & coatings. The business units of the company include additives, catalysts, masterbatches, functional minerals, electronic materials, oil & mining services, industrial & consumer specialties, pigments, and biotech & bio-based chemicals. Cesa-antimicro, a product offered by the company, is an antimicrobial additive that is used in products requiring long-lasting antimicrobial action and for engineering polymers, which are processed at high temperatures. As of 2018, the company employed approximately 17,901 employees with a vast global network in 53 countries.

• Avient Corporation: Avient Corporation, formerly known as PolyOne Corporation, was founded in 1927 and is headquartered in Ohio, U.S. The company changed its name to Avient Corporation after the complete acquisition of the color masterbatch business of Clariant and Clariant Chemicals India, Ltd. in July 2020. Its business segments include color, additives & inks, specialty engineered and sustainable materials, and distribution services. The company’s product portfolio caters to multiple industries such as building & construction, electrical & electronics, healthcare, packaging, textile, and transportation. Avient Corporation uses different distribution channels such as direct sales personnel, distributors, and commissioned sales agents. It is listed on the New York Stock Exchange. As of 2020, the company had an employee base of 8,400 personnel, along with 61 manufacturing sites and 8 distribution facilities across the globe in regions including Asia Pacific, South America, Europe, and North America.

• Momentive Performance Materials Inc.: The company was established in 2006 and its global headquarters is located in New York, U.S. The company is engaged in offering silicones and advanced materials. The product portfolio of the company includes adhesives & sealants additives, adhesives & sealants, antifoams, ceramics, coatings, coatings additives, coupling, crosslinking & adhesion promotion, demulsifiers & non elastomers, elastomers, emulsions, encapsulants, gels & potting, fluids mechanical, grease, modifiers, mold release agents, plastic additives, quartz, resins, softeners, super spreaders, urethane additives, and water repellent. < Back to Table of Contents Antimicrobial Additives Market ©Grand View Research, Inc. 198 The wide range of product portfolio of the company caters to various industries including aerospace, agriculture, automotive, beauty & personal, building & construction, consumer goods, electrical transmission & distribution, electronics, food processing & packaging, furniture bedding & carpets, healthcare, home appliances, oil & gas, packaging & converting, renewable energy, transportation, tire & rubber, and textile leather & nonwoven.

• Life Materials Technologies Limited: Life Materials Technologies Limited is a privately held company with a presence in Hong Kong and Thailand. The material technology company’s core activities include developing and producing antimicrobial additives and treatments for the manufacturers of ceramics, plastics, paper, coatings, and textiles. The company’s products are used to prevent mold in building products, reduce bacterial odors in textiles, inhibit the growth of allergy-inducing molds in bedding and carpeting, and inhibit bacterial growth in food handling areas.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Antimicrobial Additives Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Antimicrobial Additives Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.