Antimicrobial Additives Market 2017-2021

Overview of the global antimicrobial additives market

According to Technavio’s market research report, the global antimicrobial additives market will grow at a steady rate and post a CAGR of more than 7% during the forecast period. The increasing consumption of silver-based products as antimicrobial additives will drive the growth prospects for the global antimicrobial additives market during the projected period. Silver is characterized by its high biocompatibility and is the most dominant antimicrobial agent. This antimicrobial agent is very effective in preventing the growth of various types of microbes as they exhibit low toxicity to humans and animals. This will drive the popularity of antimicrobial additives in the forthcoming years. The market is experiencing a high adoption rate of silver antimicrobial agents against a wide range of microorganisms such as fungi, algae, molds, and bacteria since they cause cell wall lysis and inhibit the growth of microbes. The use of antimicrobial agents in various applications such as plastics and paints and coatings, will also drive the growth prospects of the antimicrobial additives market in the coming years.

APAC was the leading revenue contributing region during 2016 and is likely to witness a high demand for antimicrobial products from various end-user industries such as paints and coatings, packaging, and healthcare. Factors such as the use of hygienic products and healthy lifestyle and the rising awareness among people, will fuel the demand for antimicrobial products in the region, which in turn, will stimulate the growth of the antimicrobial additives market.

Competitive landscape and key vendors