Digitalization Is Fastest Growing Segment Fueling The Growth Of Antimicrobial Additives Market

https://www.coherentmarketinsights.com/market-insight/antimicrobial-additives-market-322
Antimicrobial Additives Market 



Market Overview:

Antimicrobial additives are used in plastics, coatings, paints, adhesives, and other materials to provide long-lasting protection against microorganisms such as bacteria, fungi, mold, and mildew. These additives prevent the growth of microbes and degradation of materials. The growing demand for antimicrobial packaging from the food industry is driving the growth of the market.

Market key trends:

One of the key trends in the antimicrobial additives market is growing focus on digitization. Several companies are investing in digital technologies such as IoT, 3D printing, and AI to develop novel and smart solutions. For instance, manufacturers are incorporating sensors with antimicrobial coatings to detect and monitor microbial growth. The real-time data collected through sensors can help end-users take preventive measures. This integration of digital technologies with materials is increasing their applicability in various industries.

The global Antimicrobial Additives Market Demand is estimated to be valued at US$ 3.01 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis

The global antimicrobial additives market can be segmented based on type, application, and region. Based on type, the market is segmented into organic and inorganic types. Inorganic antimicrobial additives is the largest segment of the market and accounts for around 60% share of the global market. Silver and zinc are the commonly used inorganic antimicrobial additives. These additives have broad-spectrum of activity against bacteria, mold, and yeast and remain effective for long durations. This makes inorganic antimicrobial more effective and preferred for applications requiring long-lasting protection against microbial growth.

Key Takeaways

The global antimicrobial additives market is expected to witness high growth, exhibiting CAGR of 6.5% over the forecast period, due to increasing demand from healthcare and packaging industries.

Regional analysis:
North America dominates the global antimicrobial additives market with around 30% share owing to stringent regulations regarding food contact materials and healthcare related products. Asia Pacific exhibits the fastest growth due to growing healthcare and packaging industries in the region coupled with rising hygiene awareness.

Key players:
Key players operating in the antimicrobial additives market are AkzoNobel N.V., BASF SE, The Dow Chemical Company, Sanitized AG, SteriTouch Ltd., BioCote Ltd., Life Material Technologies Ltd., Momentive Performance Material Inc., Clariant Chemicals India Ltd., and Nanobiomatters. AkzoNobel N.V. and BASF SE are the market leaders due to their broad product portfolio and widespread geographic presence.




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