Antimicrobial Additives Market : Trends, Growth Opportunities and Industry Statistics
The global antimicrobial additives market size is expected to reach USD 4.66 billion in 2028 and register a CAGR of 8.3% over the forecast period, according to a latest report by Reports and Data. Rising demand for antimicrobial additives in the healthcare industry across the globe is anticipated to drive market revenue growth in the forthcoming years. Increasing cases of Healthcare-associated Infections (HCAIs) and Hospital-acquired Infections (HAIs) worldwide is also contributing to growing utilization of antimicrobial additives for the production of medical devices. According to the Centers for Disease Control and Prevention (CDC), every year, HAIs account for an estimated 1.7 million infections and 99,000 associated deaths in American hospitals alone. Out of the total number of infections, 32% of all HCAIs are urinary tract infections, 15% are lung infections, 22% are surgical site infections, and 14% are bloodstream infections. Antimicrobial additives are specially applied on medical plastic items which are inserted into the body and exposed to bodily fluids. Applications of antimicrobial additives helps in preventing bacteria from attaching to the surface of medical devices and inhibit growth of bacteria.
Growing consumer awareness regarding various health issues, owing to outbreaks of life-threatening diseases is another factor which is boosting demand for antimicrobial additives in the healthcare industry, as these additives provide effective protection against viruses such as influenza B and Avian influenza. Increasing need to maintain hygiene and cleaning protocol in order to minimize the risk of microbial cross-contamination in critical environments is expected to drive antimicrobial additives market revenue growth. Antimicrobial additives are also incorporated into plastic compounds used for diagnostic equipment housings, bed rails, and device handles. Major players such as BioCote Ltd, RTP Company, Inc., Clariant AG, and Microban International, Ltd., are increasingly investing in research & development activities for the production of effective antimicrobial additives and meet necessary safety regulations.
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Report Overview:
As part of our quantitative analysis, we have provided regional market forecasts by type and application, market sales forecasts and estimates by type, application and region by 2028, and global sales and production forecasts and estimates for Antimicrobial Additives by 2028. For the qualitative analysis, we focused on political and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as industry landscape and trends.
We have also focused on technological lead, profitability, company size, company valuation in relation to the industry and analysis of products and applications in relation to market growth and market share.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Antimicrobial Additives market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
BASF SE, BioCote Ltd, RTP Company, Inc., Clariant AG, Microban International, Ltd., Milliken Chemical Company, Avient Corporation (PolyOne Corporation), SANITIZED AG, Lyondellbasell Industries Holdings B.V., and Dow Inc.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Antimicrobial Additives Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Organic Antimicrobial Additives
- Inorganic Antimicrobial Additives
Application Channel Outlook (Revenue, USD Billion; 2018-2028)
- Paints & Coatings
- Plastics
- Pulp & Paper
- Others
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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