The global antimicrobial additives market is growing due to the positive growth in the packaging industry worldwide. Such growth is expected to create huge demand for antimicrobial additives and bolstering the growth of the global market during the forecast period (2016-2022).
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Silver is fueling the demand for adhesives due to its non-toxic, environmental friendliness, and high thermal stability properties. The advantages offered by anti-microbial products include quality enhancement in terms of resistance toward microbial growth, improved product performance and durability.
These additives inhibit bacterial, algal, and fungal growth for those materials exposed to ultraviolet radiations, unsanitary conditions and moisture. Additionally, these additives find their application in various products such as paints and coatings, papers, inks, plastics, textiles, rubber, and fabric care to improve hygiene standards and durability of products.
Increase in vehicle production, rising consumer spending and investment in the manufacturing sector is expected to drive the demand for these additives in paints and coatings application. The Asia-Pacific market for antimicrobial additives is expected to witness significant growth, over the forecast period, on account of healthcare development across the region.
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The key players operating in the global antimicrobial additives market are BASF SE, The Dow Chemical Company, Clariant AG, A. Schulman, Inc., Polyone Corporation, Sanitized AG, Microban International, Biocote Limited, King Plastic Corporation, and Steritouch Ltd.
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