Global Antimicrobial Additives Market – Projected Rise in Demand for Silver-based Antimicrobial Additives

Renewable energy

The global antimicrobial additives market is expected to grow at a CAGR of more than 7% during the forecast period, 2017-2021.

Technavio has announced its latest market research report on the global antimicrobial additives market, under its additives, adhesives, and sealants portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like A. Schulman, BASF, BioCote, Clariant, and Dow Chemical.

According to Ajay Adikhari, a lead analyst for additives, adhesives, and sealants research at Technavio, “Silver is widely used against a wide range of microorganisms such as fungi, algae, molds, and bacteria, and their negative deteriorating effects such as discoloration, physical damage, corrosion, and foul odor. The increasing consumption of silver-based antimicrobial additives in various applications such as plastics, paints, and coatings is expected to propel the demand for antimicrobial addtiives in the global market in the coming years.”

Silver is a naturally occurring element that exhibits low toxicity to humans and animals and, therefore, is very effective in controlling the growth of many types of microbes. In an antimicrobial system, moisture releases silver ions.

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Growing construction encouraging antimicrobial additives market

Antimicrobial additives are used in a wide range of concrete applications to prevent the growth of microorganisms on construction surfaces. These additives help in increasing the longevity of building materials. The considerable growth in the construction industry is likely to support the market demand for antimicrobial additives during the forecast period. The increasing demand for antimicrobial additives from the construction sector in the coming years is expected to be concetrated around emerging markets such as Brazil, Russia, India, China, South Africa, and the countries of the Cooperation Council for the Arab States of the Gulf.

Fusion of nanotechnology into antimicrobial additives

Nanotechnology involves the incorporation of metallic nanoparticles into formulations and products to impart unique properties such as microbial resistance and long shelf life. They can be either coated or immobilized on material surfaces. Nanoparticles because of their unique nature have the potential to enhance the antimicrobial properties of additives. The increase in the fusion of nanotechnology into antimicrobial additives during the forecast period is expected to facilitate growth of the global antimicrobial additives market.

This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.

A more detailed analysis is available in the Technavio report titled, ‘Global Antimicrobial Additives Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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