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.
Asia Pacific Anti microbial additives Market was worth USD 1.02 billion in 2018 and estimated to be growing at a CAGR of 6.92%, to reach USD 1.42 billion by 2023.
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.
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). Based on Application, the market is further segmented into Plastics, Paint and Coating, and Pulp and Paper. Based on End-User, the market is further segmented into Healthcare, Packaging, Food and Beverages and Construction. 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. 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.
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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Inorganic
5.1.2.1 Silver
5.1.2.2 Copper
5.1.2.3 Zinc
5.1.3 Organic
5.1.3.1 OBPA
5.1.3.2 DCOIT
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Plastic
5.2.3 Paints & Coatings
5.2.4 Pulp & Paper
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
5.3 End-User
5.3.1 Introduction
5.3.2 Healthcare
5.3.3 Packaging
5.3.4 Food & Beverages
5.3.5 Construction
5.3.6 Y-o-Y Growth Analysis, By End-User
5.3.7 Market Attractiveness Analysis, By End-User
5.3.8 Market Share Analysis, By End-User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.3.4 By End-User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.4.4 By End-User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.1.5.4 By End-User
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 The Dow Chemical Company
8.3 Clariant AG
8.4 A. Schulman Inc.
8.5 Polyone Corporation
8.6 Sanitized AG
8.7 Microban International
8.8 Biocote Limited
8.9 King Plastic Corporation
8.10 Steritouch Ltd.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
