Global Antimicrobial Additives Market: Growth, Trends, COVID-19 Impact, and Forecasts (2021–2027)

Antimicrobial additives are substances that are added to materials to inhibit the growth of microorganisms. They are used in a wide variety of applications, including food packaging, textiles, medical devices, and building materials.

Market Size and Growth

The global antimicrobial additives market is expected to reach USD 5.9 billion by 2027, from USD 3.8 billion in 2021. The market is projected to grow at a CAGR of 6.7% from 2022 to 2027. The growth of the antimicrobial additives market is being driven by several factors, including the increasing demand for food safety, the growing use of antimicrobials in textiles, and the rising demand for antimicrobials in medical devices.

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Key Drivers

• Increasing demand for food safety: There is a growing demand for food safety, as consumers are becoming more aware of the risks of foodborne illness. Antimicrobial additives can help to prevent the growth of microorganisms in food, reducing the risk of foodborne illness.
• The growing use of antimicrobials in textiles: Antimicrobials are increasingly being used in textiles to prevent the growth of microorganisms, such as bacteria and fungi. This is important for maintaining the hygiene of textiles, especially in healthcare and other settings where hygiene is critical.
• Rising demand for antimicrobials in medical devices: Antimicrobials are used in medical devices to prevent the growth of microorganisms, such as bacteria and viruses. This is important for ensuring the safety of medical devices and preventing the spread of infection.

Key Trends

• Increasing focus on research and development: The antimicrobial additives market is witnessing increasing investments in research and development. This is leading to the development of new and innovative antimicrobial additives with improved properties.
• Growing demand for natural antimicrobials: There is a growing demand for natural antimicrobials, as consumers are becoming more aware of the potential health risks of synthetic antimicrobials. Natural antimicrobials are derived from plants, animals, or minerals, and they are considered to be safer than synthetic antimicrobials.
• Rising demand for antimicrobials in emerging markets: Emerging markets such as China, India, and Brazil are expected to witness significant growth in the antimicrobial additives market. This is due to the increasing demand for food safety and the growing use of antimicrobials in textiles and medical devices in these markets.

Key Players

Some of the key players in the global antimicrobial additives market include:

• BASF SE
• DuPont De Nemours
• Microban International
• SANITIZED AG
• LyondellBasell Industries Holdings B.V.
• Avient Corporation
• BioCote Limited
• Milliken Chemical
• Clariant
• Polygiene AB.

Conclusion

The global antimicrobial additives market is expected to witness significant growth in the coming years. This growth is being driven by several factors, including the increasing demand for food safety, the growing use of antimicrobials in textiles, and the rising demand for antimicrobials in medical devices.

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Source: VynZ Research