Antimicrobial Additives Industry

The global antimicrobial additives market size was valued at USD 3.11 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2030. Swiftly growing population and urbanization coupled with the increasing awareness regarding health-issues in emerging economies of Asia-Pacific are likely to assist end-use industries, which in turn is expected to escalate the demand for antimicrobial additives over the forecast period. The demand for antimicrobial additives is expected to increase majorly in the healthcare and packaging application industry owing to the increase in demand to tackle the COVID-19 pandemic situation around the world. The continuously rising demand of healthcare and packaging products for COVID-19 will positively impact the antimicrobial additives for plastics market. Asia Pacific is expected to dominate the rinsing demand of antimicrobial additives as the region has major healthcare products manufacturer.

Japan, India and Indonesia are expected to contribute towards the growth of construction sector in the Asia-Pacific owing to increasing consumer disposable income and rising government spending on large infrastructural projects. Ascending demand for commercial, residential and institutional buildings in China, on account of growing population, is in turn, contributing to the growth of market.

Gather more insights about the market drivers, restrains and growth of the Global Antimicrobial Additives market

Antimicrobial Additives Market Segments:

Market Concentration Characteristics

The global antimicrobial additives market is highly consolidated in nature with the presence of key players such as NanoBioMatters Industries S.L.; BASF SE; RTP Company; Milliken Chemical; BioCote Limited; as well as a few medium and small regional players operating in different parts of the world.

The companies in the market compete on the basis of product quality offered and the technology used for the production of plastics. Major players, in particular, compete on the basis of application development capability and new technologies used in product formulation. Established players such as BASF SE are investing in research development activities to formulate new and advanced plastics compounds, which gives them a competitive edge over the other players.

Type Insights

Inorganic type segment led the market and accounted for more than 53.0% share of the global revenue in 2023. High demand silver-based, copper-based, and zinc-based additives is projected to fuel the growth of inorganic segment demand over the forecast period. Silver-based are used as antimicrobial agents owing to their properties such as non-toxicity, continual performance for a long duration, environment-friendly nature, high thermal stability, and protection against microbial growth. Zinc pyrithione is added to the materials that are prone to exposure to mold spore and fungi as the additive offers excellent antibacterial protection. Copper salts provide antimicrobial protection in preservative and sterilized applications with underlying substrates or layers being paints, coatings, and polymers.

Application Insights

Plastic application segment led the market and accounted for more than 34.0% share of the global revenue in 2023. This high share is attributable to extensive utilization in the production of soap dispensers, food containers, surgical products, and breathing devices owing to the adaptable nature of plastics. Plastic is susceptible to microbial growth including bacteria and mold, which is expected to negatively impact the functional lifetime of a product. Antimicrobial additives are incorporated during the production process of plastics and offer resistance against various microbes, thus, resulting in long-term durability of plastic products.

End-use Insights

Healthcare end-use segment led the market and accounted for more than 26.0% share of the global revenue in 2023. This high share is attributable to rising demand of healthcare products due to rising old age population and growing healthcare awareness among the consumers. Healthcare environment plays a key role, especially in Healthcare-Associated Infections (HAIs). HAIs which are additional infections that occur in patients during their stay in hospitals, and fatal and generally caused by antibiotic resistant bacteria.

Regional Insights

Asia Pacific dominated the antimicrobial additives market and accounted for over 38.0% share of the global revenue in 2023. The market is driven by the growth of the major end-use industries such as automotive, healthcare, construction, food and beverage, and packaging. Robust manufacturing base of automotive industry in China, Japan, and India coupled with increased sales of passenger vehicles is anticipated to augment antimicrobial additives market growth in the near future. In addition, favorable policies such as foreign direct investments (FDI) and Make in India implemented by the government of India are expected to create ample growth opportunities for automobile industry, which, in turn, is expected to increase the consumption of antimicrobial additives in automobile applications.

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

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Key Companies Market Share Insights

Key companies are adopting several organic and inorganic growth strategies, such as capacity expansion, mergers acquisitions, and joint ventures, to maintain and expand their market share.

• In March 2023, IFF, a food beverage product manufacturer announced its strategic partnership with Grupo Drul for the distribution of FermaSure XL across the Brazilian market.

Key Antimicrobial additives Companies:

The following are the leading companies in the antimicrobial additives market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps products of these antimicrobial additives companies are analyzed to map the supply network.

• 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

Segments Covered in the Report

Grand View Research has segmented the global Antimicrobial Additives market on the basis type, application, end-use, and region:

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

• Organic
  • Silver
  • Copper
  • Zinc
• Inorganic
  • OBPA
  • DCOIT
  • Triclosan

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

• Plastics
• Paints coatings
• Pulp paper
• Others

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

• Healthcare
• Food beverage
• Packaging
• Building construction
• Automotive transportation
• Textile
• Consumer goods
• Others

Antimicrobial Additives Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Malaysia
  • Indonesia
  • Thailand
  • Vietnam
  • Australia
• Central South America
  • Brazil
  • Argentina
• Middle East Africa
  • Saudi Arabia
  • United Arab Emirates (UAE)
  • South Africa

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