Asia Pacific Anti microbial additives Market was worth USD 1.02 billion in 2021 and estimated to be growing at a CAGR of 6.92%, to reach USD 1.42 billion by 2026.
The market is showcasing enormous potential in the forecasting period. Antimicrobial additives controls the microbes via many different means and are extremely diverse. When they are used in the manufacturing of products they create surfaces and materials uninviting to microbes like bacteria and mould. The properties of silver are non-toxicity, high thermal stability and environmental friendliness which boost the Asia-Pacific anti-microbial additives market.
The Antimicrobial additives are chemical ingredients that restrict bacterial, algal and fungal growth in materials which are exposed to high levels of ultraviolet radiations, moisture and unsanitary conditions. These additives are mainly used in applications such as papers, plastics, paints & coatings, textiles, inks, rubber, and fabric care to inhibit the growth of unwanted microorganisms and increase the longevity of the substrate.
Drivers and Restraints of Asia Pacific Anti Microbial Additives Market:
The market is driven by the steady growth of the healthcare and packaging industries in the Asia-Pacific region. In the recent times, India, China, Japan and South Korea are witnessing high demand of antimicrobial additives, mainly due to the rising urbanization, aging population, and increasing lifestyle diseases. This is fuelling the growth of the antimicrobial additives market in this region. Properties such as non-toxicity, environmental friendliness, flammability, sustainability, and high thermal stability of silver antimicrobial additives contribute to the growth of the antimicrobial additives market.
The major factor hindering the growth of the antimicrobial additives market is the high price of raw materials and stringent regulations. The general raw materials used in the manufacturing of antimicrobial additives products are copper, silver and zinc. The high cost of silver antimicrobials restricts their use in various products, especially in the developing regions of Asia-Pacific and South America. These issues restrains the growth of the market. Asia Pacific market for Anti-microbial additives is broadly categorized into Inorganic Anti-Microbial Additives Market (Silver, Copper, Zinc), Organic Anti-Microbial Additives Market (OBPA, DCOIT).
Asia Pacific Anti Microbial Additives Market – By Application:
Plastics
Asia Pacific Anti Microbial Additives Market – By End-User:
Silver-based antimicrobial additive accounted for the highest revenue of the overall industry and is projected to witness huge growth rate during the forecast period.
Geographical Analysis:
Based on geography, the Asia-Pacific market is analysed under various regions namely China, India, Japan, Australia and South Korea. The anti-microbial additives market was dominated by China, with the overall market share of over 35%. China was followed by India and Japan. India is predicted to grow at a rapid pace in the coming few years.
Key Players:
Some of the major companies dominating the market, by their products and services include BASF SE,Clariant AG, The Dow Chemical Company, Polyone Corporation, A. Schulman Inc., Sanitized AG, Microban International, Biocote Limited, Steritouch Ltd., and King Plastic Corporation.
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