Antimicrobial additives or agents are chemical ingredients typically utilized in definite proportions to prevent fungal, bacterial and algal growth in materials exposed to high levels of moisture, ultra violet radiation or unsanitary conditions. In order to improve hygiene standards and durability of products, these additives have gained substantial traction among product manufacturers in the recent past.
The benefits offered by anti-microbial products include quality enhancement of equipment / materials in terms of resistance towards microbial growth, improved product performance and durability. In addition, various environmental regulations are driving growth of the global anti-microbial additives market. Some of the underlying factors driving growth of the market include changing consumer lifestyle, i.e. shifting preference towards hygiene and disposable products and increasing health awareness among consumers globally.
Some anti-microbial additives are hazardous to the environment when disposed. Research initiatives by environmental institutions suggest that anti-bacterial chemicals constitute significant portion of soil and water contaminants. The issue of safe disposal and harmful effects of these additives on the eco-system is identified as a restraining factor in the global anti-microbial additives market.
Widening scope of anti-microbial additives usage in healthcare products such as medical devices, disposable hygiene products and other medical devices is identified as one among the key trends in the market. Stringent environment regulations have prompted anti-microbial additives manufactures to innovate and launch new compositions in order to meet safe disposal and anti-bacterial properties criterion.
On the basis of applications, the antimicrobial additives market is segmented into paints and coatings, inks, paper, plastics, fabric / textile, silicone and rubber, and other applications. In terms of market value, paints and coatings, plastics and fabric / textile segments are projected to exhibit above average growth rates during the forecast period. The incremental $ opportunity of these three high-growth application segments is collectively expected to reach around US$ 7,265.8 million, which is approximately five times when compared to total incremental opportunity of other four application segments during the forecast period.
End Use Industry Analysis:
On the basis of end use industry, the antimicrobial additives market is segmented into building and construction, healthcare, automotive, electronics, food and beverages and other end use industries. In terms of market value, healthcare and food and beverages industry are projected to exhibit above average CAGR during the forecast period, with the remaining end use segments collectively expected to expand at a CAGR of 6.6% during the forecast period.
On the basis of regions, the global antimicrobial additives market is segmented into seven key regions including Asia Pacific, North America, Western Europe, Eastern Europe, Latin America, Middle East and Africa and Japan. In terms of market value, Latin America and Asia Pacific excluding Japan are expected to expand at an above average CAGR while all other regions are collectively projected to grow at 6.9% CAGR during the forecast period.
Markets in developing economies are expected to represent incremental opportunity of around 1.4X for antimicrobial additives manufacturers as compared to the incremental opportunity in developed markets over the forecast period. Market value share of Asia Pacific excluding Japan is expected to increase by over 5% between 2015 and 2025, followed by North America and Western Europe with their respective expected shares. BRICS antimicrobial additives market in terms of value is projected to register a promising CAGR of 9.2% during the forecast period.
Some key players in the antimicrobial additives market that have been covered in this study include AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant and Nanobiomatters.
Global Anti-Microbial Additives Market Size (US$ Mn) 2015, 2020 and 2025
FMI study offers a 10-year forecast for the global antimicrobial additives market between 2015 and 2025. The market is expected to expand at a CAGR of 8% during the projected period. The study demonstrates the market dynamics and trends across the globe that are expected to influence the current status and future prospects of the antimicrobial additives market over the forecast period.
The Future Market Insights report examines the global antimicrobial additives market for the period 2015–2025. The primary objective of the report is to offer updates on the developments made in the global antimicrobial additives market and conduct quantitative assessment of the market across various application, end-use and regional market segments.
Antimicrobial additives or agents are chemical ingredients typically utilised in definite proportions to prevent fungal, bacterial and algal growth in materials exposed to high levels of moisture, ultra violet radiation or unsanitary conditions.
On the basis of applications, the antimicrobial additives market is segmented into:
On the basis of end use industry, the antimicrobial additives market is segmented into:
On the basis of regions, the global antimicrobial additives market is segmented into:
To understand and assess the market opportunities and trends, the report is categorically split into sections such as market overview, analysis by end use industry, analysis by application, analysis by region and competition landscape. Each section discusses about the qualitative and quantitative aspects [N1] of the global antimicrobial additives market.
The report starts with the market overview and provides market definition[N2] , drivers, restraints, opportunities and key trends in the market. Next section includes market analysis, by end use industry, followed by application and regional analysis.
All the above sections evaluate the market on the basis of various segments covering present scenario and future prospects. The report considers 2014 as base year with market numbers estimated for the year 2015; meanwhile, the forecast has been done [N3] from 2015 onwards.
To calculate the market size, the report considers average price of antimicrobial additives across geographies. Furthermore, data points such as regional split and market split, by application and end use, and qualitative inputs from primary respondents have been incorporated to arrive atapt[N4] market estimates. The forecast presented here assesses the total revenue as well as volume of antimicrobial additives. When developing the market forecast, the starting point involvessizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics of the market, we triangulated the outcome based on different analysis based on supply side, demand side and dynamics of the parent market. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities inthe antimicrobial additives market.
As previously highlighted, the market for antimicrobial additives is split into various sub categories based on region, end use and application. All these sub segments or categories have been analysed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identification of many key trends in antimicrobial additives market.
Also, another key feature of this report is the analysis of antimicrobial additives market by region, end use and application, and its revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the antimicrobial additives market.
In the final section of the report, the antimicrobial additives market landscape is included to provide report audiences with a dashboard view, based on categories of providers across the value chain, their presence in antimicrobial additives product portfolio and key differentiators. Some of the market players featured in the section include: