Antimicrobial Additives Market Size, Trends, Business Strategies, COVID-19 Impacts and Key Players Analysis – RTP Company, Avient Corporation, BASF SE, Milliken Chemical Company, Biocote Limited

North America was the largest contributor to the anti-microbial additives market in 2019. This is mainly attributed to the rising adoption of anti-microbial additives, due to their efficient properties and government support for the R&D of products, and presence of major chemical companies in the region.

The outbreak of the COVID-19 pandemic has caused turmoil around the world, owing to which people have become more aware about the causes and prevention of such infectious diseases. Additionally, the rising cases of healthcare-associated infections (HAIs) are also encouraging the usage of antimicrobial additives in healthcare facilities worldwide. For example, the Centers for Disease Control and Prevention (CDC) estimates that around 1 in 31 patients in the U.S. acquire at least one HAI during their stay at healthcare facilities.

Moreover, the boom in various end-use industries, especially the construction and healthcare sectors, will help the anti-microbial additives market advance at a CAGR of 7.4% during 2020–2030. The market was valued at $1,753.2 million in 2019 and it is projected to generate $3,784.3 million revenue by 2030. The construction and healthcare industries are experiencing a technological shift due to the surging use of anti-microbial additives and the largescale adoption of novel technologies and accessories.

In the preceding years, plastics and polymers were preferred over other antimicrobial additive materials, such as ceramics, foam, paints and coatings, textiles and fabrics, rubber, paper, and laminates, due to the escalating use of plastics and polymers in medical instruments. Nowadays, plastics and polymers are replacing traditional materials used in anesthetic equipment and surgical ventilators because the latter possess the risk of spreading contaminants. Owing to their ability to prevent infections, plastics and polymers will be consumed in the highest quantity in the foreseeable future as well.

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The sector type segment of the antimicrobial additives market is classified into automotive, aviation, building materials/construction, consumer electronics, healthcare, marine, packaging, retail, and sports goods. Among these, the healthcare category is expected to exhibit the fastest growth during the forecast period. The dominance of this category can be credited to the rising public awareness on hygiene to prevent any type of infection. As a large number of people are being admitted to hospitals, due to the increasing prevalence of chronic diseases, the consumption of such additives is rising exponentially.

Currently, anti-microbial additives producers are involved in partnerships and collaborations to meet the needs of end-use industries. For example, in October 2020, Sanitized AG partnered with Ferro-Plast S.r.l. to leverage the expertise and strong sales network of the latter in Italy. Additionally, Ferro-Plast S.r.l. will expand its product portfolio by adding polymer antimicrobial additives by Sanitized to its product range. Similarly, in December 2020, Dongpeng Group, partnered with Microban International to develop ceramic tiles with anti-microbial technology.

According to P&S Intelligence, North America held the largest share in the antimicrobial additives market in 2019, owing to the surging public awareness about the attributes of anti-microbial additives and flourishing end-use industries in the region. Moreover, the presence of prominent market players is also propelling the expansion of the market in the region. Whereas, the Asia-Pacific (APAC) region will demonstrate the fastest growth in the forecast years due to the rising need for hygienic products and expanding healthcare, food and beverages, construction, and packaging sectors in the region.

Thus, the rising public awareness about infectious diseases and HAIs and expansion of various end-use industries are expected to augment the usage of antimicrobial additives globally in the years to come.

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Antimicrobial Additives Market Size Breakdown by Segments

By Material Type

Plastics and Polymers
Paints and Coatings
Rubber
Ceramics
Textiles and Fabrics
Laminates
Paper
Foam

By Sector Type

Building Materials/Construction
Automotive
Aviation
Marine
Consumer Electronics
Sports Goods
Packaging
Healthcare
Retail

By Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia
Asia-Pacific
China
India
Japan
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East and Africa
 South Africa
Saudi Arabia

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