TAGS: Surface Modification
Grand View Research predicts the global antimicrobial additives market size to reach USD 3.6 billion by 2025. The market is projected to expand at a revenue based CAGR of 8.2 percent over the forecast period.
End-use Industries of Antimicrobial Additives
Demand for additives is ascending at a prominent rate owing to their increasing consumption in medical devices and equipment and other end-use industries such as:
- Packaging
- Food and beverage
- Healthcare
- Personal care
- Electronic goods
Antimicrobial Additives in Medical Field
Antimicrobial additives are majorly utilized in order to enhance the physical as well as chemical properties of materials, increases their shelf life, improve aesthetic value, and minimize the risk of microbes such as MRSA and legionella.
According to the research conducted by the Centers for Disease Control and Prevention in 2017, approximately 4 percent inpatients in acute care hospitals across U.S. contract at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices or enteral feeding tubes are particularly susceptible to colonization of bacteria, which can enter the bloodstream. Thus, solution companies engaged in manufacturing medical devices are increasingly focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing colonization on the surface of medical device components.
The global market is segmented based on type of antimicrobial additive into organic and inorganic. Organic was the prominent segment and accounted for 50.6 percent of the global revenue in 2018. Organic antimicrobial additives when utilized with products and materials in paints and coatings, provide long-lasting protection against stain and odor-causing microbes as well as biodegradation.
Main Highlights from the Report
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Key raw materials utilized in the production of additives include inorganic materials, such as zinc, copper, and silver and organic materials such as dichloro isothiazolin, oxybisphenox arsine, and triclosan.
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The organic segment accounted for prominent share in the market at the end of 2018 and is further expected to witness prominent growth over the forecast period.
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The healthcare end-use segment dominated the global market and accounted for more than 20 percent of the market revenue in 2018.
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Antimicrobial additives minimize the risk of microbes such as MRSA, Legionella, and E.coli and hence they play a prominent role in infection control protocols.
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As of 2018, Asia Pacific accounted for more than 36 percent share in the overall market. Robust manufacturing base of automotive and textile industry across China, India, and Japan is anticipated to augment market growth in near future.
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The antimicrobial additives market is fragmented in nature with presence of various key players such as BASF SE, RTP Company, Clariant AG, LyondellBasell Industries N.V., and NanoBioMatters Industries S.L.
Source: Grand View Research