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Healthcare to be the largest industry for the antimicrobial additives market to 2021

 The global market size for antimicrobial additives was USD 2.67 Billion in 2015 and is projected to reach USD 3.95 Billion by 2021, registering a CAGR of 6.7% between 2016 and 2021. 

Browse 127 market data Tables and 64 Figures spread through 190 Pages and in-depth TOC on "Antimicrobial Additives Market by Type (Inorganic (Silver, Copper, Zinc), Organic (OBPA, DCOIT)), Application (Plastic, Paints & Coatings, Pulp & Paper), End-Use Industry (Healthcare, Packaging, Food & Beverage, Construction) - Global Forecast to 2021"

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The key players operating in the global antimicrobial additives market are BASF SE (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), A. Schulman, Inc. (U.S.), Polyone Corporation (U.S.), Sanitized AG (Switzerland), Microban International (U.S.), Biocote Limited (U.K.), King Plastic Corporation (U.S.), and Steritouch Ltd. (U.K.) among others.

The Dow Chemical Company (U.S.) is one of the leading antimicrobial additives manufacturers, globally. The company has been focusing on new product launches to maintain its leading position in the market. For instance, in May 2015 Dow Microbial control, a business group of The Dow Chemical Company, launched a product KATHON Antimicrobial. This new product helps to control microbial biofilms, bacteria, fungi, and algae. This helps the company to strengthen its position in the global antimicrobial additives market. The company also launched Silvadur Antimicrobial in the same month. The product is a patented polymer technology that utilizes silver ions to kill odor-causing bacteria.

BASF SE (Germany) is another major player in the global antimicrobial additives market. The company has been focusing on new product launches and joint ventures as part of its strategic development activities. In April 2016, the company added MasterTop TC 417W to its Master Builders Solutions brand. The new product is a clear, transparent, water-based polyurethane topcoat. The product has antibacterial activity in accordance with ISO 22196:2011. The product is mainly used in applications such as hospitals, schools, cafeterias, offices, or exhibition centers.

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Healthcare to be the largest industry for the antimicrobial additives market between 2016 and 2021

The antimicrobial additives market is also segmented on the basis of end-use industry. The major end-use industries of antimicrobial additives are healthcare, packaging, food & beverage, construction, automotive, and others (agriculture, electronic goods, personal care, and industrial). The healthcare industry accounted for the largest share in the antimicrobial additives market. This industry is crucial for the antimicrobial additives market due to the volume of additives used. The use of antimicrobial additives in the healthcare industry provides integrated and lasting hygienic antimicrobial protection to products such as breathing circuits, endoscopes, and beds.

Asia-Pacific to be the largest market during the forecast period

The antimicrobial additives market is broadly segmented into five regions, namely, Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is the largest market, followed by North America, and is projected to be the fastest-growing market during the forecast period. This dominance by the Asia-Pacific region is mainly due to the rapid economic growth, particularly in the healthcare and packaging industries in the region. Also, rapid industrialization in Asia-Pacific, coupled with improved living standard, is driving the market for antimicrobial additives.

Currently, the global antimicrobial additives market is dominated by various market players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), A. Schulman, Inc. (U.S.), Polyone Corporation (U.S.), Sanitized AG (Switzerland), Microban International (U.S.), Biocote Limited (U.K.), King Plastic Corporation (U.S.), and Steritouch Ltd. (U.K.).

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