The Global Anti Microbial Additives Market was worth USD 2.82 billion in 2016 and is estimated to be growing at a CAGR of 6.3%, to reach USD 3.83 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/06/2018 -- An antimicrobial additive is imbued into an item while manufacturing to terminate microorganisms or hinder their development for an extended time period. Once introduced into an item, an antimicrobial additive will work persistently to make the item more sterile, limiting the potential for cross-pollution and broadening an item's lifetime.
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The global Antimicrobial Additives market value is evaluated to be USD 2.82 billion in 2016 and is estimated to reach USD 3.83 billion by 2021 at a CAGR of 6.3%.
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Some of the key driving factors of the market are growing cases of infectious diseases, increasing awareness towards health care, and Increasing urbanization in developing countries like India. Factors like growing investment in health care and increasing number of life-threatening diseases are also expected to have a positive impact on the market expansion.
The major restraining factors of the market are strict regulations regarding the application of Anti-microbial additives and ban on several Anti-Microbial Additives due to severe side effects.
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Geographically, the market is categorized into North America, Latin America, Asia-pacific, Europe and Middle East & Africa. The major share of the market is accounted by Asia-pacific owing to its high population. Asia-pacific is followed by North America and Europe in terms of market share.
Some of the key players of Anti-Microbial Additives market include 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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