Antimicrobial Additives Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.88 Billion |
| Market Size (2029) | USD 6.62 Billion |
| CAGR (2024 - 2029) | 6.31 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Antimicrobial Additives Market Analysis
The Antimicrobial Additive Market size is estimated at USD 4.88 billion in 2024, and is expected to reach USD 6.62 billion by 2029, growing at a CAGR of 6.31% during the forecast period (2024-2029).
Antimicrobial additives restrain the growth of microorganisms throughout the useful life of the product, enhance product life & hygiene, and provide value addition to an end product. These additives are infused into a product during the manufacturing process. The growing product application in plastic and healthcare segment has been driving the market growth.
However, the issue of safe disposal and harmful effects of these additives on the eco-system are likely to hinder the expansion of the studied market. Moreover, unfavorable conditions arising due to the COVID-19 outbreak is also likely to hamper market growth.
The advancements such as the use of antifungal protection to preserve flexible polyvinyl chloride are likely to deliver opportunities for the antimicrobial additive market over the next five years.
Asia-Pacific region dominates the market across the world with the escalating consumption of antimicrobial additive in plastic and healthcare sector.
Antimicrobial Additives Market Trends
This section covers the major market trends shaping the Antimicrobial Additive Market according to our research experts:
Plastic Segment to Dominate the Market
- Plastic segment stands to be the dominating segment owing to the extensive consumption of plastic in various end-user industries like packaging, automotive and construction amongst others.
- Plastic is susceptible to microbial growth including bacteria and mold. Therefore antimicrobial additives are incorporated during the production process of plastics and offer resistance against various microbes, thus, resulting in the long-term durability of plastic products.
- Plastics are extensively utilized in soap dispensers, food containers, surgical products, and breathing devices, etc. which augment the demand for antimicrobial additive in the forecast period.
- Asia-Pacific countries like China, India, etc have been registering strong growth in the utilization of antimicrobial additive in food and beverage and healthcare industry, which is expected to drive the market over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region stands to be the largest market for antimicrobial additive. Factors, such as extensive application in food and beverage and healthcare industry are expected to propel the market growth.
- Beneficial attributes of antimicrobial additives like inhibition of bacterial, algal, and fungal growth for those materials exposed to ultraviolet radiation, unsanitary conditions and moisture are likely to drive the market growth.
- Incorporation of antimicrobial additives in healthcare furnishings and medical equipment is a step toward minimizing the risk of bacteria attack in the healthcare environment.
- Rising demand for inorganic additives in a wide range of applications, including textiles, paints, polymers, and coatings is anticipated to propel the market growth during the forecast period.
- The food and beverage end-use segment is expected to increase the demand of antimicrobial additive owing to continuous utilization of additives in shelving, flooring, and food processing equipment, ice making machines, storage containers, water coolers, and water hydration systems in the food and beverage industry.
- Hence, all such market trends are expected to drive the demand for antimicrobial additive market in the region during the forecast period.
Antimicrobial Additives Industry Overview
The global antimicrobial additive market is fragmented with the presence of a few large-sized players and a large number of small players operating. Some of the major companies are BASF SE, BioCote Limited, RTP Company, Clariant and Microban amongst others.
Antimicrobial Additives Market Leaders
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BASF SE
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BioCote Limited
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RTP Company
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Clariant
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Microban
*Disclaimer: Major Players sorted in no particular order
Antimicrobial Additives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Food Packaging Segment
- 4.1.2 Growing Use of Antimicrobial Additive in Plastic Application
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4.2 Restraints
- 4.2.1 Toxic Nature of Antimicrobial Additive
- 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Organic
- 5.1.2 Inorganic
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5.2 Application
- 5.2.1 Plastic
- 5.2.2 Paints
- 5.2.3 Pulp and Paper
- 5.2.4 Others
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5.3 End-user Industry
- 5.3.1 Construction
- 5.3.2 Automotive
- 5.3.3 Healthcare
- 5.3.4 Food and Beverage
- 5.3.5 Others
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 BioCote Limited
- 6.4.3 Clariant
- 6.4.4 LyondellBasell Industries Holdings B.V.
- 6.4.5 Milliken Chemical
- 6.4.6 Momentive
- 6.4.7 NanoBioMatters
- 6.4.8 PolyOne
- 6.4.9 RTP Company
- 6.4.10 SANITIZED AG
- 6.4.11 The DOW Chemical Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Advancement in Antifungal Additive for PVC
- 7.2 Other Opportunities
Antimicrobial Additives Industry Segmentation
The antimicrobial additive market report include:
| Type | Organic | |
| Inorganic | ||
| Application | Plastic | |
| Paints | ||
| Pulp and Paper | ||
| Others | ||
| End-user Industry | Construction | |
| Automotive | ||
| Healthcare | ||
| Food and Beverage | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Antimicrobial Additives Market Research FAQs
How big is the Antimicrobial Additive Market?
The Antimicrobial Additive Market size is expected to reach USD 4.88 billion in 2024 and grow at a CAGR of 6.31% to reach USD 6.62 billion by 2029.
What is the current Antimicrobial Additive Market size?
In 2024, the Antimicrobial Additive Market size is expected to reach USD 4.88 billion.
Who are the key players in Antimicrobial Additive Market?
BASF SE, BioCote Limited, RTP Company, Clariant and Microban are the major companies operating in the Antimicrobial Additive Market.
Which is the fastest growing region in Antimicrobial Additive Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Antimicrobial Additive Market?
In 2024, the Asia Pacific accounts for the largest market share in Antimicrobial Additive Market.
What years does this Antimicrobial Additive Market cover, and what was the market size in 2023?
In 2023, the Antimicrobial Additive Market size was estimated at USD 4.59 billion. The report covers the Antimicrobial Additive Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Antimicrobial Additive Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Antimicrobial Additive Industry Report
Statistics for the 2024 Antimicrobial Additive market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Antimicrobial Additive analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
