NEW YORK, February 17, 2022 /PRNewswire/ — The World antimicrobial additives market the size should reach $4.66 billion in 2028 and register a CAGR of 8.3% over the forecast period, according to a latest report from Reports and Data. The growing need to resist, inhibit and prevent the growth of microbes such as bacteria, molds, fungi and viruses is expected to propel the market revenue growth. In developing countries, government agencies are investing huge sums in infrastructure projects, which further leads to the expansion of the construction industry and thus drives the demand for antimicrobial additives. The proliferation and spread of microorganisms, including fungi, bacteria and algae, affect the aesthetic appearance of concrete, degrade its mechanical properties and durability, and destroy its internal structure, which, in turn, results in increased costs due to rehabilitation. The need to overcome these challenges for smart and sustainable infrastructure is reflected in the development of antimicrobial concrete. Major players are increasingly investing in the launch of antimicrobial admixtures which are used in concrete and help provide sustainable solutions to the construction industry.
Rising consumer awareness of food safety and quality and increasing preference for packaged foods are driving the demand for antimicrobial food packaging. Applying antimicrobial additives to outer packaging helps prevent the growth of common food poisoning bacteria and minimizes the risk of bacterial transmission from the outer packaging to the point of sale. Increasing investment in the development of natural antimicrobial additives is also expected to drive the market growth over the forecast period.
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Some highlights of the report
In May 2020, E-Stone Corporation has entered into an exclusive partnership with Microban, a world leader in antimicrobial technology. This partnership was established to provide Microban antimicrobial protection to E-Stone’s etherium by E-Stone engineered stone surfaces for the next 5 years. The application of Microban technology in engineered stone makes etherium the ideal surfacing material for use on countertops, floors, bathrooms and walls.
Revenue from the organic antimicrobial additives segment is expected to register a rapid growth rate over the forecast period. Long-lasting protection against odor-causing microbes and stains stimulates the use of organic antimicrobial additives in paints and coatings. Organic antimicrobial additives can be incorporated directly into the manufacture of textiles and foams, as well as paints.
The plastics segment is expected to record steady revenue growth over the forecast period. Antimicrobial additives play a major role in the manufacture of plastic products as they help extend the life of these products.
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Revenues from the healthcare segment are expected to increase significantly over the forecast period, owing to the extensive use of antimicrobial additives in the healthcare industry for the production of various medical devices such as guidewires, thrombectomy, sheaths and diagnostic catheters.
The antimicrobial additives market in Asia Pacific is expected to account for the largest share of revenue over the forecast period. Changing consumer preference towards packaged foods and increased awareness of food safety and quality are expected to drive the demand for antimicrobial additives in the packaging industry in this region.
Some major companies included in the market report are BASF SE, BioCote Ltd, RTP Company, Inc., Clariant AG, Microban International, Ltd., Milliken Chemical Company, Avient Corporation (PolyOne Corporation), SANITIZED AG, Lyondellbasell Industries Holdings BV and Dow Inc.
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For the purposes of this report, Reports and Data has segmented the global antimicrobial additives market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Application Channel Outlook (Revenue, USD Billion; 2018-2028)
Paints and coatings
Pulp and paper
End-Use Channel Outlook (Revenue, USD Billion; 2018-2028)
food and drinks
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Regional Outlook (Revenue, USD Billion; 2018-2028)
h. Rest of Europe
D. South Korea
e. Rest of APAC
b. Rest of LATAM
a. Saudi Arabia
b. United Arab Emirates
vs. South Africa
e. Rest of MEA
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