As per Future Market Insights (FMI), the global Antimicrobial Additive Market value is projected to increase from US$ 9,615.5 million in 2023 to US$ 20,809.5 million by 2033. Over the next ten years, global sales of antimicrobial additives are likely to thrive at 8.0% CAGR.
Antimicrobial additives find application in the healthcare sector to create a sterile environment in hospitals. They are used in numerous medical products including ventilators, examination tables, and hospital beds to reduce the spread of infections.
Rising demand for medical devices containing antimicrobial substances will bolster sales in the global market through 2033.
Regionally, North America remains the leading consumer of antimicrobial additives owing to the high demand for safe consumer items and rising awareness & consumer preference for antimicrobial products.
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The US is a leading market for antimicrobial additives due to its strong infrastructure, advanced R&D, and focus on consumer health and safety
The United States market is experiencing a surge in demand for antimicrobial additives, thanks to the high awareness among consumers about their benefits. The country’s growth and research and development efforts have contributed to its leading position in the antimicrobial additives industry. Various sectors, including hygiene chemicals, packaging materials, cosmetics, healthcare manufacturing, consumer goods, durable household products, paints and coatings, and transportation manufacturing, are driving the market’s growth.
The United States market is witnessing the emergence of numerous manufacturers who are incorporating antimicrobial solutions into their products to meet the rising demand. According to Future Market Insights (FMI), the United States market share is expected to increase from 16.9% in 2023 to 17.4% by 2033, gaining 50 basis share points. The market is projected to grow at a CAGR of approximately 8.4% during the forecast period.
This positive trajectory highlights the opportunities in the United States market for companies operating in the antimicrobial additives industry. As consumer awareness continues to grow and the demand for antimicrobial products remains strong, businesses can capitalize on this trend to expand their presence and cater to the evolving needs of the market.Top of Form
Key Takeaways from the Antimicrobial Additives Market Report:
- The global market of antimicrobial additives is projected to expand at 8.0% CAGR between 2023 and 2033.
- By product type, the inorganic segment is expected to remain a prominent segment accounting for over 60% of the overall market.
- By application, hygiene chemicals segment is expected to account for around one-fourth of the global antimicrobial additives consumption.
- The United States antimicrobial additives market is poised to thrive at 4% CAGR through 2033.
- Antimicrobial additive demand in China is forecast to increase at 6% CAGR from 2023 to 2033.
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Competitive Landscape
The global antimicrobial additives market is moderately consolidated with key players holding around 33% to 38% of the market share. BASF SE, Lanxess AG, DuPont de Nemours, Inc., Ecolab, Inc., Solvay S.A., and others are the leading antimicrobial additive manufacturers profiled in the comprehensive version of the report.
Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. They are also investing significantly in acquisitions to curb their competition. For instance,
- In 2022, to strengthen its antimicrobial additives portfolio, Polygiene acquired the SteriTouch business of Radical Materials.
Key Companies Profiled
BASF SE, Solvay S.A., Ecolab Inc., Lanxess AG, Clariant AG, Evonik Industries AG, Huntsmann Corporation, DuPont de Nemours, Inc., Ashland Inc., Aviant Corporation, Sanitized AG, Croda International Plc., Addmaster Limited, Microban International, RTP Company, Novapura AG, Blend Colours Pvt. Ltd., Miliken, Plastiblends, Foster Corporation, Ampacet Corporation, Polyone
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Global Antimicrobial Additives Market Segmentation:
By Product Type:
- Organic
- Quaternary Ammonium Compounds
- Phenolic Biocides
- Others
- Inorganic
- Silver Ion Anti-Microbial Additives
- Zinc Anti-Microbial Additives
- Copper Anti-Microbial Additives
- Others
By Form:
- Liquid
- Powder
- Masterbatch Pellet
By Application:
- Hygiene Chemicals
- Homecare Chemicals
- Commercial & Industrial Cleaning Chemicals
- Packaging
- Consumer Packaging
- Food and Beverages Packaging
- Personal Care and Cosmetics
- Consumer Electronics, Durables & Appliances
- Commercial and Household Products
- Sanitary ware Products & Accessories
- Kitchenware and Tableware
- Textile and Fabrics
- Technical Textile
- Apparels and Garments
- Furniture and Curtain Upholstery
- Footwear
- Toys & Stationery
- Paints, Coatings and Inks
- Medical Devices (Healthcare Equipment)
- Transportation
- High Touch Surfaces (Handles/Locks/Countertops)
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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