Antimicrobial Additives Market Driven by Increasing Prevalence of Microbial Illnesses

The major drivers in the global antimicrobial additives market are rising awareness of consumers about health concerns and surging integration of these commodities into food and beverage, packaging, healthcare, construction, marine, and aviation industries. The market is predicted to reach $3,784.3 million by 2030. Furthermore, the increasing prevalence of microbial illnesses due to contact and increasing risk of bio-resistance in patients due to the administration of antibiotic drugs. The outbreak of COVID-19 disrupted the entire circular economy and ruptured the logistical network of several markets. However, this market is recovering at a significant pace.

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The plastics and polymers category dominate the material type segment of the antimicrobial additives market, and it is predicted to continue this trend in the coming years as well. This dominance can be primarily attributed to the surging requirement for polymers and plastics in medical devices in comparison to the traditional materials that are increasingly utilized in anesthetic equipment and surgical ventilators. Additionally, there is a rising threat of pathogens attack through these conventional materials, which in turn, will exert a push on the spread of infection.

When segmented on sector type, the healthcare sector will witness the swiftest CAGR in the antimicrobial additives market in the coming years. This can be ascribed to the growing geriatric population and the rising incidence of healthcare-associated infections. Both of these, form the pillars of the healthcare sector, propelling growth in this market: they strengthen the foundations of this market. For instance, approximately 30% of the patients in the intensive care units (ICUs) are afflicted with at least one HAI in advanced economies.

Geographically, North America is the largest antimicrobial additives market, credited to the existence of prominent market players, expanding end-use industries, and the rising inclination of numerous attributes of anti-microbial additives. While APAC will also not lag on account of the voluminous production of several equipment and products linked with these adhesives for the food & beverages, construction, packaging, and healthcare industries. Furthermore, the skyrocketing demand for hygienic products will exert a push on the sales of anti-microbial additives.

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The developing construction and healthcare industries will go hand in hand with the expansion of the antimicrobial additives market. A technological shift in the construction and healthcare sectors will be observed owing to the rising utilization of anti-microbial additives and the growing integration of the latest accessories, technologies, and drugs. For example, there is a dire need to escalate the utilization of anti-microbial additives in the healthcare sector as per the WHO. This is because these treatments are associated with increased risks and longer duration being offered by the medical patients and providers.

Consumers are becoming more informed about hazardous microbial diseases and hygiene in the past few years. This will create lucrative opportunities for the market players including Sanitized AG, Biocote Limited, Milliken Chemical Company, Microban International Ltd., Avient Corporation, RTP Company, Momentive Performance Materials Inc., Akzo Nobel N.V., DuPont de Nemours Inc., BASF SE, Clariant International Limited, LyondellBasell Industries B.V., and The Dow Chemical Company to gain a competitive edge.

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