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Antimicrobial Additives Market size is expected to witness significant growth in the coming years due to strong demand across various end-user industries such as healthcare, food & beverage, packaging and construction. An antimicrobial additive is something which can inhibit and resist the growth of microbes. Antimicrobial additives improve the performance of a surface by effectively minimizing the negative effects of microbes. This helps manufacturers to develop products which are cleaner and more hygienic to use.As the world has become more hygiene conscious, research has stated that 9 out 10 customers are looking for products with a proven and trusted antimicrobial technology. Expansion of both population and income level in Asia Pacific is driving the food and beverage industry. For instance, According to Confederation of Indian Industry (CII), the total consumption of food & beverages in India is expected to increase from USD 369 billion to USD 1.142 trillion by 2025. Considerable growth in food trade is increasing pressure on quality standards, with growing emphasis on food quality, safety, and integrity.
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Based on types, antimicrobial additives market is segmented into inorganic and organic. Inorganic antimicrobial additives are further divided into silver, zinc, copper and boron while organic antimicrobial additives is classified into triclosan, zinc pyrithione, 10',10'-oxybisphenoxyarsine (OBPA), 2-n-octyl4-isothiazolin-3-one (OIT), others. Inorganic additives are used across wider range of application such as paper, textile, ceramics, paints, etc. They also offer excellent protection, for instance, inorganic additives, like copper salts provide antimicrobial protection in various preservatives and sterilized applications.
Based on application, antimicrobial additives market is segmented into plastics, pulp & paper, paints & coatings, textiles, ceramics, others. Untreated plastic products are easily attacked by microbes and mold which can cause odor development and discoloration. Antimicrobial additives for plastics are incorporated along with plastic resins during molding while offering antimicrobial treatment which controls microbial growth.
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Based on end-user, antimicrobial additives market is segmented into healthcare, food & beverage, construction, packaging, automotive, others. Antimicrobial additives are used extensively in healthcare industry for production of medical devices. They are incorporated into sheaths, thrombectomy, guidewires, diagnostic catheters to inhibit microbial growth. Growing occurrence of diseases along with geriatric population, unhealthy dietary habits will further drive the demand for these devices, which is expected to boost the market for antimicrobial additives.
Latin American and Middle East & African countries are witnessing moderate growth in antimicrobial additives owing to rising per capita disposable income coupled with sales of antimicrobial additives-based product in Brazil, Mexico, Peru and Guatemala. While the expanding automotive and construction industry in Oman, Qatar, Iran, Turkey and Saudi Arabia is providing necessary impetus for the market.
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Competitive landscape of the market signifies that companies are investing in research and development of new products to strengthen their market position. For instance, BASF SE recently announced the launch of antimicrobial admixture used in concrete known as MasterLife AMA 100. Products like these can provide sustainable solution for construction industry. Various industry players in antimicrobial additives market share are BASF SE, Clariant AG, King Plastic Corporation, Microban International, PolyOne Corp., RTP Company, SteriTouch Ltd., etc.
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Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/antimicrobial-additives-market
Release ID: 88909767
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