North America Anti-Microbial Additives Market was worth USD 0.8 billion in 2021 and is estimated to be growing at a CAGR of 5.81%, to reach USD 1.07 billion by 2026. The Antimicrobial additives are chemical ingredients which prevent bacterial, fungal, and algal growth in materials that are exposed to high levels of ultraviolet radiations, unsanitary conditions and moisture. These additives are primarily used in applications such as plastics, papers, paints & coatings, textiles, rubber, inks and fabric care to inhibit the growth of undesirable microorganisms and increase the longevity of the substrate.
The market is showcasing evident potential in the mentioned forecasting period. Antimicrobial additives control microbes via many different means and are very diverse. When used in the manufacturing of products they create surfaces and materials unwelcoming to microbes such as bacteria and mould. The properties of silver are high thermal stability, non-toxicity and environmental friendliness which boost the North America anti-microbial additives market.
Drivers and Restraints of North America Anti-Microbial Additives Market:
The market is driven by rapid growth of the healthcare and packaging industries in the North America region. In the recent times, USA and Canada are observing an increasing demand of antimicrobial additives, mainly due to the increased healthcare spending, increasing lifestyle diseases and aging population. This is fuelling the growth of the antimicrobial additives market in this region. Properties like 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 restraining the growth of the antimicrobial additives market is the high cost of raw materials and stringent regulations. The basic raw materials used in the manufacturing of antimicrobial additives products are silver, copper, and zinc. These issues restrains the growth of the market. North America market for Anti-microbial additives is broadly categorized into Inorganic Anti-Microbial Additives Market (Silver, Zinc, Copper), Organic Anti-Microbial Additives Market (OBPA, DCOIT).
North America Anti-Microbial Additives Market – By Application:
Paint and Coating
North America Anti-Microbial Additives Market – By End-User:
Silver-based antimicrobial additive accounted for the highest revenue of the overall market and is projected to witness high growth rate during the forecast period.
Based on geography, the North America market is analysed under various regions namely USA and Canada. The anti-microbial additives market was dominated by USA, with the overall market share of over 60%. USA was followed by Canada. Canada is predicted to grow at a rapid pace in the coming few years.
Some of the major players dominating the market, by their products and services include BASF SE, King Plastic Corporation, The Dow Chemical Company, Clariant AG, A. Schulman, Inc., Microban International, Sanitized AG, Biocote Limited, Steritouch Ltd., and Polyone Corporation.
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