Antimicrobial Additives Market Size, Share & Trends Analysis Report By Type (Organic, Inorganic), By Application (Plastics, Pulps & Coatings), By End Use (Packaging, Healthcare), And Segment Forecasts, 2019 - 2025

Industry Insights

The global antimicrobial additives market size was estimated at USD 1.95 billion in 2017. It is estimated to witness a CAGR of 8.0% from 2017 to 2025. Rising demand for packaging from end-use industries, especially from medical devices are the primary factors driving the market growth.

Medical devices require antimicrobial additives as they help prevent the surfaces of devices, equipment, and implants from microbes. For instance, use of antimicrobial additive-induced plastic as a replacement to glass and metals in heart-lung machines and medical ventilators is driving the product demand.

Factors like increasing expenditure and greater attention to healthcare by developing countries coupled with the establishment of public health insurance programs and construction of hospitals and clinics are expected to amplify the adoption of medical devices. Besides, rise in aging population and income levels in developing countries can further fuel the market growth.

Antimicrobial additives are used to produce packaging products that help prevent spoilage of medicines, food, and beverages due to microbial contamination. These additives are incorporated in food packaging structure and their selection varies according to the packaging type.

Also, an increase in the number of restaurants and fast food joints is anticipated to support growth of the packaging industry, thereby propelling the product demand. Moreover, paper packaging for food and medicine requires additives, thus creating substantial growth prospects for antimicrobial additives market. However stringent environmental regulations like the Biocidal Product Regulation and Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) are expected to impede the market growth.

Type Insights

The organic segment led the market in 2017, in terms of volume, accounting for 51.0% share. Organic additives, when incorporated into products and materials, provide long-lasting protection. For instance, triclosan inhibits growth of microbes with the help of a chemical reaction which penetrates and damages their cell walls. After the cell wall perforates and leakage of metabolites occurs, the other cell functions are damaged, thereby preventing the microbes such as algae and bacteria from duplicating. However, the growth of the market for antimicrobial organic additives is likely to slow down over the forecast period, due to the prohibition on sales and usage of triclosan andoxybisphenoxarsine (OBPA) owing to their high levels of toxicity.

The inorganic segment is estimated to expand at the fastest CAGR of 9.5% during the forecast period owing to the high demand for silver-based, copper-based, and zinc-based additives. Silver has been used as an antimicrobial agent owing to its properties, such as environment-friendliness, non-toxicity, high thermal stability, continual performance for a long duration, and its capability to prevent microbial growth. Zinc pyrithione is incorporated into materials that are expected to have exposure to mold and fungi and thus providing excellent antibacterial protection.

Application Insights

Plastics segment held the highest market share of 35.0% in terms of revenue in 2017. Growing consumption in various end-use industries such as toys, athletic goods, household goods, and furniture is driving the demand for antimicrobial additives. For instance, consumption of plastics was 108.5 tons per USD million in 2016. The toys segment held a significant market share with a consumption of 37.5 tons per USD million.

In terms of revenue, paints and coatings segment is estimated to expand at the fastest CAGR of 10.3% from 2017 to 2025. Antimicrobial additives are used in all types of paints and coatings, namely, water, solvent or oil based, and powder coatings. Industrial, specialty, and decorative coatings and inks are considerably benefited from antimicrobial additives. The silver-based additives give cost-effective protection in paints.

In pulp and paper segment, antimicrobial additives are incorporated paper products such as tissue papers that are used for making kitchen rolls, toilet rolls, face wipes, and other hygiene-related applications. Rising awareness regarding cleanliness is anticipated to boost demand from pulp and paper segment.

End-Use Insights

Healthcare accounted for the largest market share, followed by food and beverage. In terms of revenue, it is estimated to expand at a CAGR of 11.1% over the forecast period. Rising demand for antimicrobial additives for manufacturing sterilized and infection preventing products like surgical cables, tubing, and orthopedic sutures are expected to drive the product demand from the healthcare sector. Increasing demand for biocompatible non-corrosive and sterile products in medical applications to replace metal is projected to further propel the product demand.

Advancements in production technology for food products coupled with growing production of packaged foods and alcoholic drinks such as wine and beer in Asia Pacific and North America are expected to further drive the demand from food and beverage industry.

In the construction industry, antimicrobial additives are used in fittings and fixtures of buildings including ceiling systems, wall coverings, worktops, floors and carpets, radiators, wiring accessories, and door handles. According to the Oxford Economies, the global construction output volume is expected to witness 85.0% growth by 2030. The market is anticipated to be valued at USD 15.5 trillion by 2030. China, U.S, and India, are anticipated to constitute 57% of the total growth in the construction output. Thus, growing construction industry in these economies is expected to provide a lucrative opportunity for market growth.

Regional Insights

Asia Pacific witnessed the highest demand, accounting for 40.7% market share in terms of volume in 2017. Robust manufacturing base of the packaging industry in China, Japan, and India coupled with increased sales of food and beverage products is anticipated to augment market growth in the forecast period. Asia Pacific is also estimated to expand at the fastest CAGR over the forecast period. Growing healthcare industry fueled by innovative healthcare access programs, adoption of technology, and delivery of care outside of traditional hospital settings is the primary factor driving the market growth.

Europe is anticipated to be the second highest contributor in 2025. It is expected to expand at a CAGR of 7.4%, in terms of revenue, from 2017 to 2025. Growing construction sector in various countries including U.K., Hungary, Sweden, the Netherlands, Poland, Germany, and Ireland is expected to propel product demand over the next eight years.

Antimicrobial Additives Market Share Insights

The global market is highly competitive and fragmented with the presence of various largescale manufacturers in U.S., U.K., UAE, and China. Product differentiation along with the threat of forwarding integration by manufacturers to further distribute antimicrobial additives to capture market share is expected to result in high industry rivalry over the forecast period.

Key companies are NanoBioMatters Industries S.L.; BASF SE; A. Schulman, Inc.; Clariant AG; and RTP Company among others. The manufacturers are aiming to achieve optimum business growth and a strong market position by implementing strategies suchproduction capacity expansions, and intensive investments in research and development. For instance, in May 2017, AkzoNobel opened a new performance coatings facility in Chonburi, Thailand.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global antimicrobial additives market report on the basis of type, application, end use, and region:

• Type Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

  • Organic

  • Inorganic

• Application Outlook (Revenue, USD Million; Volume, Tons; 2014 - 2025)

  • Plastics

  • Paints & Coatings

  • Pulp & Paper

  • Others

• End-use Outlook (Revenue, USD Million; Volume, Tons; 2014 - 2025)

  • Healthcare

  • Packaging

  • Food & Beverages

  • Construction

  • Automotive

  • Others

• Regional Outlook (Revenue, USD Million; Volume, Tons; 2014 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • India

    • China

  • Central & South America

    • Brazil

  • Middle East & Africa