(PharmaNewsWire.Com, January 05, 2018 ) According to the report Anti Microbial Additives Market By Type (Inorganic (Silver, Copper, Zinc), Organic (OBPA, DCOIT), By Application (Plastic, Paints & Coatings, Pulp & Paper), By End-User (Healthcare, Packaging, Food & Beverage, Construction), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (20162021) published by Market Data Forecast, The Global Anti-Microbial Additives Market was worth USD 2.82 billion in 2016 and is estimated to be growing at a CAGR of 6.3%, to reach USD 3.83 billion by 2021.
Global Anti-Microbial Additives Market Overview: The market is showcasing evident potential in the mentioned forecasting period. Antimicrobial additives control microbes via many different means and are extremely diverse. When used in the manufacturing of products they create surfaces and materials inhospitable to microbes such as bacteria and mould. The properties of silver are non-toxicity, high thermal stability and environmental friendliness which boost the global Anti-Microbial Additives Market.
The market is driven by the rapid growth of the healthcare and packaging industries in the Asia-Pacific region. In the recent times, China, India, Japan and South Korea are observing high demand of antimicrobial additives, majorly due to the growing urbanization, aging population, and increasing lifestyle diseases. This is fueling the growth of the antimicrobial additives market in this region. Properties like non-toxicity, environmental friendliness, flammability, sustainability, and high thermal stability of silver antimicrobial additives contribute to the growth of the antimicrobial additives market. The major factor restraining the growth of the antimicrobial additives market is the high cost of raw materials and stringent regulations. The basic raw materials used in the manufacturing of antimicrobial additives products are silver, copper, and zinc. The high price of silver antimicrobials restricts their use in various products, particularly in the developing regions of Asia-Pacific and South America. These issues restrain the growth of the market.
Global Anti-Microbial Additives Market Segmentation: The Global market for Anti-microbial additives is broadly categorized into Inorganic Anti-Microbial Additives Market (Silver, Copper, Zinc), Organic Anti-Microbial Additives Market (OBPA, DCOIT). Based on Application, the market is further segmented into Plastics, Paint and Coating, and Pulp and Paper. Based on End-User, the market is further segmented into Healthcare, Packaging, Food and Beverages and Construction. Silver-based antimicrobial additive accounted for the highest revenue of the overall market and is projected to witness high growth rate during the forecast period. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Anti-Microbial Additives Market was dominated by Asia-Pacific, with the overall market share of over 30% globally. Asia-Pacific was followed by North America and Europe. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the market are:
BASF SE The Dow Chemical Company Clariant AG Schulman, Inc. Polyone Corporation Sanitized AG Microban International Biocote Limited King Plastic Corporation Steritouch Ltd.
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