The antimicrobial additives market size is estimated to expand significantly during the assessment period.

Antimicrobial additives are used across different sectors to prevent algae, fungi, and bacteria growth, improving the longevity and safety of products. The growing utilization of the product in the construction sector is set to flourish the market expansion. In this sector, the product is deployed with building materials to develop more hygienic and safer environments. These products are utilized in flooring, HVAC systems, coatings, and paints for the prevention of the growth of mildew, mold, and bacteria. It helps in the significant reduction of infections. Antimicrobial additives also find applications in commercial buildings, schools, and hospitals, which encourage well-being and public health by the assurance of more durable and cleaner surfaces.

Fortune Business Insights presents this information in their report titled "Antimicrobial Additives Market, 2024–2032."

Segmentation:

In terms of type, the market is classified into inorganic and organic.

By application, the market is divided into paints & coatings, pulp & paper, plastics, and others.

With respect to end-use industry, the market is categorized into food & beverage, packaging, automotive, construction, healthcare, and others.

From the regional standpoint, the market is segregated into Asia Pacific, Latin America, the Middle East & Africa, North America, and Europe.

Report Coverage

The report highlights the strategic measures undertaken by prominent companies to reinforce their industry position. Besides this, it gives a detailed analysis of the major driving and restraining factors affecting the market growth. The antimicrobial additives market research report further provides a comprehensive coverage of the latest trends, dominating segments, key industry developments, and the impact of the COVID-19 pandemic on the market growth. This information will help stakeholders in the formulation of effective decisions for their businesses.

Drivers:

Surging Product Utilization in the Packaging Sector to Bolster Market Expansion

The antimicrobial additives market growth can be credited to increasing utilization of the product in the packaging sector. Moreover, antimicrobial packaging, which uses these additives, is increasingly being deployed in pharmaceuticals, food, and beverages for the inhibition of the growth of microbes, offering assurance of the integrity of the product. Thus, it helps boost the usability of perishable items while catering to consumer demands for sustainability and hygiene, impelling innovations in the technology of packaging and market growth.

Regional Insights:

Asia Pacific Occupies a Significant Share Driven by Rising Demand for Antimicrobial Products

Asia Pacific registers a significant antimicrobial additives market share, which can be credited to surging demand for antimicrobial products in food & beverage, packaging, and healthcare industries on account of growing health concerns and awareness of hygiene. This, coupled with regulations by the government, growing population, and fast-paced urbanization impel the expansion of the market in the region. Moreover, the technological developments along with growing manufacturing capabilities further expedite the market growth.

Competitive Landscape:

Top Companies Emphasize Partnerships to Boost Their Position

Different competitive measures, such as mergers, capacity expansions, and acquisitions, are being implemented by leading companies to sustain their industry leadership.  A wide range of companies are also putting significant amounts into research and development for the launch of new and innovative capabilities of antimicrobial additives. Many players are also emphasizing partnerships to enhance their position. 

Get More Information: https://www.fortunebusinessinsights.com/antimicrobial-additives-market-109655

Key Industry Development:

July 2023: BioCote Limited announced a deal with Eco Finish to use BioCote technology for developing antimicrobial surfaces in commercial and residential pools. These additives in the solution help in the prevention of algae, bacterial, other microbes, and viruses, thereby offering extra protection and safety for swimmers.

Major Players Profiled in the Report:

• BASF SE (Germany)
• RTP Company (U.S.)
• Milliken Chemical (U.S.)
• BioCote Limited (U.K.)
• Microban International (U.S.)
• Clariant AG (Switzerland)
• PolyOne Corporation (U.S.)
• Momentive Performance Materials Inc. (U.S.)
• Life Materials Technologies Limited (Hong Kong)
• SteriTouch Limited (U.K.)