Global Antimicrobial Additives Market Size, Share, and Forecast by Technavio

LONDON–(BUSINESS WIRE)–#AdditivesAdhesivesandSealants–According to the latest market study released by Technavio,
the global
antimicrobial additives market is expected to reach USD 5,099.4
million by 2021, growing at a CAGR of more than 7%.

This research report titled ‘Global
Antimicrobial Additives Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

The global antimicrobial additives market is witnessing a substantial
growth and is likely to sustain the same during the forecast period.
Antimicrobial additives provide protection from a wide range of
microorganisms such as fungi, bacteria, algae, and molds. These
additives enhance the quality of a material by preventing the growth of
microbes. It helps in augmenting the performance of the product and its
durability.

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Technavio’s chemicals
and materials research analysts categorize the global
antimicrobial additives market into the following segments by the
application. They are:

• Plastics
• Paints and coatings
• Pulp and paper
• Others

The top three application segments for the global antimicrobial
additives market are discussed below:

Plastic

The global antimicrobial additives market in the plastics segment was
valued at USD 1,326.3 million in 2016. The degradation and discoloration
of plastics and polymers over a period are the key challenges for the
plastic manufacturing industry. Various microorganisms like yeasts, mold
fungi, mildew fungi, bacteria, and algae are the major reasons for
polymer degradation.

According to Ajay Adikari, a lead additives,
adhesives, and sealants research analyst from Technavio, “Antimicrobial
additives are used to protect plastics by inhibiting and controlling the
growth of microbes. These additives are incorporated into polymer
compounds during molding or compounding. They provide a biocidal effect
and prevent microbial growth.”

Paints and coatings

Antimicrobial additives are commonly used in paints and coatings for
effectively maintaining surface texture and inhibiting the growth of
microorganisms. They are adopted by several end-users across industries
such as real estate, automotive, shipbuilding, machine tool, heavy
equipment, furniture, and consumer durables.

“The growth of the market for antimicrobial additives in the
developed countries of North America, Western Europe, and APAC is
spurred by the replacement of traditional coatings with new innovative
coatings with antimicrobial properties. The increased awareness about
health benefits of using antimicrobial additives in paints and coatings
is also a driving factor for antimicrobial additives in these regions,”
adds Ajay.

Pulp and paper

Pulp and paper are highly susceptible to microbial contamination.
Antimicrobial additives are used in pulp and paper to maintain hygiene
and cleanliness. Paper is a widely-known source of cross contamination
in the form of currency notes. For instance, according to a study at the
New York University, a dollar bill contains more than 3,000 kinds of
bacteria, out of which, many are linked to the food poisoning, gastric
ulcers, staphylococcus infections, acne, and pneumonia.

The rising consumption of antimicrobial paper in packaging applications
and rising demand for packaged food products are expected to propel the
growth of the global antimicrobial additives market in the pulp and
paper segment. The demand for antimicrobial additives is expected to
increase with the growth in the packaged food industry.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• Schulman
• BASF
• BioCote
• Clariant
• Dow Chemical

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Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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