Sarasota, FL -- (SBWIRE) -- 11/14/2018 -- Global Antimicrobial Additives Market: Overview
Antimicrobial additives are the particular solutions that are instilled into a product at the time of production process to kill microorganisms such as bacteria, fungi, algae, microbes, and protozoa. They are extensively used in inks, plastics, textiles, fabric care, papers, rubber, and paints & coatings for increasing product longevity and hygiene. Antimicrobial additives inhibit the growth of stain and odor-causing microbes in the product and help it in staying fresh. Moreover, they continuously combat harmful bacteria that come into contact with the product's surface.
Global Antimicrobial Additives Market: Growth Factors
Rising consumer awareness pertaining to health-related issues is projected to drive antimicrobial additives market trends over the coming years. Emerging medical equipment and consumer goods sectors are projected to drive the antimicrobial additives market revenue over the ensuing years. Rise in the production of automobiles along with an increase in the foreign direct investment in the manufacturing sector is likely to generate lucrative demand for the product across the paints & coatings sector. In addition, the escalating need for preventing the growth of microbes in food & beverages has driven the use of the product in food & beverages packaging. This, in turn, is anticipated to boost antimicrobial additives market earnings in the years ahead.
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However, strict legislation pertaining to the approval of antimicrobial additives are expected to restrict the growth of the market over the estimated timeline. Furthermore, the ban on the sale of oxybisphenoxarsine and triclosan in myriad countries owing to the belief that the product can cause harm to the human health will further refrain the market growth in the near future.
Global Antimicrobial Additives Market: Segmentation
The global antimicrobial additives market can be divided based product type, application, and end-use. On the basis of product type, the antimicrobial additives market is divided into inorganic and organic types. Inorganic products are further segmented into silver, zinc, and copper products, while organic products are classified into DCOIT and OBPA products. Based on the application type, the antimicrobial additives market is segmented into plastics, textiles, paints & coatings, and pulp &paper. On the basis of end-use, the market can be segmented into healthcare, construction, packaging, furniture, electronics, automotive, and food & beverage industries.
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Global Antimicrobial Additives Market: Regional Analysis
Based on regions, the global antimicrobial additives market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific antimicrobial additives market is slated to witness a notable growth over the coming years owing to rapid growth of healthcare infrastructure witnessed in countries such as Singapore, China, India, and Thailand. In addition, beneficial initiatives taken by the government for improving healthcare amenities along with a rise in living standards will substantially contribute towards the market growth in the region. Increase in the vehicle production along with the rise in the use of the product in paints & coatings will further boost antimicrobial additives market size in the region.
Global Antimicrobial Additives Market: Competitive Players
The key market players of the global antimicrobial additives market include Milliken Chemical, AkzoNobel N.V., SteriTouch Limited, BASF SE, Momentive Performance Material Inc., Nanobiomatters Industries S.L., Dow Chemical Company, BioCote Limited, Sanitized AG, Life Material Technologies Limited, Clariant, Microban International, A. Schulman, Inc.,and RTP Company, among several others.
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Global Antimicrobial Additives Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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