Global Antimicrobial Additive Market - 2022-2029
本報告提供全球抗菌添加劑的市場調查，彙整市場定義和概要，新型冠狀病毒感染疾病 (COVID-19) 以及其他的市場影響因素的分析，法律制度，市場規模的轉變·預測，各種區分·地區/各主要國家的明細，競爭環境，主要企業簡介等資訊。
The global antimicrobial additive market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
An antimicrobial is a substance that kills microorganisms or inhibits their growth. Antimicrobial agents can be grouped according to the microorganisms they act against. The agents are mainly classified as antibiotics, which are used against bacteria, antifungals used against fungi and antivirals used against viruses. Antimicrobial agents that kill microbes are microbicides and those that only inhibit their growth are called bacteriostatic agents.
The main classes of antimicrobial agents are disinfectants such as bleach, which kill a wide range of microbes on non-living surfaces to prevent the spread of illness, antiseptics applied to living tissue to prevent infection and antibiotics. Sterilizers are those agents that destroy all microorganisms on the applied surface.
Antimicrobial additives are formulations that contain active ingredients that have antimicrobial properties. Metals such as silver and zinc are the main active ingredient in additives. Antimicrobial agents are mainly used in polymers, plastics, paints and coatings across various industry verticals for hygiene and sanitation purposes.
The rising demand from end-use applications mainly drives the demand for antimicrobial additives. It is an important driver for the global market. The safety concerns of antimicrobial additives are a key factor in limiting the growth of this market.
Increasing concerns about hygiene and sanitation
The popularity of antimicrobial additives has grown rapidly in recent years, particularly due to increasing attention paid to cleanliness and hygiene. The demand has only exploded due to the ongoing COVID-19 pandemic since scientists discovered that the coronavirus remains on surfaces for as long as 48 hours after exposure.
Despite social distancing, facemasks and strict sanitation and hygiene measures, it is nearly impossible to keep every surface sanitized. Hence, there is a need for self-cleansing properties for surfaces to sterilize surfaces from viruses and pathogens to reduce the risk of spread. With the COVID-19 caseload increasing, there is a strong demand for antimicrobial additives in various applications despite rising vaccination rates. The growing concerns about hygiene and sanitation are a key driver for the growth of the global antimicrobial additives market.
Volatility in the prices of raw materials
The prices for raw materials of antimicrobial additives have witnessed volatility and fluctuations in recent years. The main raw materials used in manufacturing antimicrobial additives products are metals such as silver, copper and zinc. The cost of raw materials is very high due to cyclical fluctuations. The high cost of silver antimicrobial agents limits their use in various products, especially for emerging markets such as the Asia-Pacific.
Silver and zinc, which are the main raw materials used to produce antimicrobial additives, are actively traded commodities on global markets and their prices fluctuate at regular intervals due to market forces. The fluctuations ultimately influence the final cost of antimicrobial additives.
In recent years, the soaring prices of silver have led manufacturers to look for alternatives despite its well-known properties. The cost of manufacturing silver antimicrobial additives has increased in recent years, impacting the products' overall cost and affecting the manufacturers' profit margins. The volatility in the prices of raw materials is a key challenge for the growth of the market.
COVID-19 impact analysis
The global antimicrobial additive market experienced relatively low impacts on value chains in production and sales in 2021 due to the COVID-19 pandemic. Construction and automotive applications saw steep declines since government-imposed lockdowns and restrictions brought a prolonged halt to manufacturing activities globally. Many small and medium scale companies in the supply chain were facing bankruptcy due to a collapse in demand.
Food processing, sanitary and healthcare applications saw robust growth. The main reason behind the growth was the stockpiling of essential goods, a rise in e-commerce and delivery services and healthcare-related activities due to the pandemic. However, supply was uneven due to lockdown and other restrictions that scaled back manufacturing operations. Global production is expected to recover by the end of 2021.
The impact of the COVID-19 pandemic has been mild for the antimicrobial additive market due to consistent sales volume. Major manufacturing companies had cut capital expenditure in response to the downturn caused by the pandemic. The COVID-19 pandemic will not have a major impact on the long-term growth prospects of the global antimicrobial additive market since companies are expected to gradually ramp up capacity utilization as economic activity returns to pre-pandemic levels. The demand for antimicrobial additives remains strong and is expected to grow gradually in the coming years.
The global antimicrobial additive market is segmented into type, application, end-user and region. The antimicrobial additive market is segmented into organic and inorganic based on type. Inorganic is leading in this segmentation since it is the most widely used type of antimicrobial additive. Silver and zinc are the most common active ingredient in inorganic additives. The metal ions of silver and zinc are well known to have antimicrobial properties. The ions puncture holes in the outer membrane of bacteria and thus ensuring their destruction. Hence, they are widely used in antimicrobial additives. Organic antimicrobials are difficult to extract and are therefore expensive, thus preventing their wider adoption within the market.
Asia-Pacific is leading in the global antimicrobial additive market. The region accounts for the largest market share, primarily due to the large concentration of manufacturing industries. The region is home to rapidly industrializing countries such as China, India, Thailand, Vietnam and Indonesia and highly advanced industrialized nations such as South Korea, Japan and Taiwan.
China is one of the largest markets for antimicrobial additives in the world. The major use of antimicrobial additives in China has been polymer, paints, coatings and paper processing industries. Japan, Taiwan and South Korea are leading paints, coatings and plastics producers.
China is also the largest automobile producer globally, with more than 26 million passenger and commercial vehicles produced in 2021. Antimicrobial additives are used to treat the interior surfaces of automobiles. India, Japan and South Korea are also major automotive producers in the region.
India is also generating significant demand for antimicrobial additives. India's major demand in the packaging and plastics sectors is rising e-commerce activity. The Asia-Pacific region will continue to retain the largest market share in the global antimicrobial additive market in the coming years.
The global antimicrobial additive market is competitive due to the availability of a wide variety of antimicrobial additives that cater to end-users different types of applications. Some of the major players contributing to the growth in the segment are BASF SE, Dupont, LyondellBasell Industries Holding B.V., BioCote Limited, Milliken & Company, Avient Corporation, Addmaster Ltd, Nolla Antimicrobial Oy, Sciessent LLC, Life Material Technologies Limited. The major players in the global antimicrobial additives market adopt growth strategies such as new product launches, innovating new formulations, joint ventures and collaborations, contributing to growth of the global industry.
Overview: BASF SE is a multinational chemicals company among the largest chemical producers in the world. The company produces various vitamins and supplements, animal feed formulations and various chemicals such as pesticides, plastics, industrial solvents, catalysts and coatings. The company operates 390 production sites in more than 80 countries through its network of subsidiaries and joint ventures. BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany.
Irgaguard B 6000 is an inorganic antimicrobial agent with silver and zeolite as an active ingredients. It is mainly intended for transparent applications such as films and sheets for packaging. Typical polymers are PE, PS, PVC and others. Irgaguard B 6000 prevents the growth of bacteria, mold and yeast on plastic surfaces.
Key Developments: In April 2020, BASF SE announced the doubling of production of its antimicrobial additives to meet the growing demand due to the ongoing global COVID-19 pandemic. The increased production will be mainly handled by BASF SE's factories in the Asia-Pacific region.
Visualize the composition of the antimicrobial additive market segmentation by the type, application, end-user and region, highlighting the critical commercial assets and players.
Identify commercial opportunities in the antimicrobial additive market by analyzing trends and co-development deals.
Excel data sheet with thousands of global antimicrobial additive market-level 4/5 segmentation data points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the critical product of all major market players
The global antimicrobial additive market report would provide approximately 58 market data tables, 60 figures and 215 pages.
Target Audience 2022
Antimicrobial additive manufacturers
Pulp and paper manufacturers
Industry Investors/Investment Bankers
Education & Research Institutes
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