The report "Antimicrobial Additives Market by Type (Inorganic (Silver, Copper, Zinc), Organic (OBPA, DCOIT)), Application (Plastic, Paints & Coatings, Pulp & Paper), End-Use Industry (Healthcare, Packaging, Food & Beverage, Construction) - Global Forecast to 2021", The global market size of antimicrobial additives is projected to reach USD 3.95 Billion by 2021, registering a CAGR of 6.7% between 2016 and 2021. The market is driven by the rapid growth of the healthcare and packaging industries in the Asia-Pacific region. In the recent times, China, South Korea, Japan, and India are witnessing high demand of antimicrobial additives, mainly due to the growing urbanization, aging population, and proliferating lifestyle diseases. This is fueling the growth of the antimicrobial additives market in this region. Properties such as non-toxicity, environmental friendliness, sustainability, flammability, and high thermal stability of silver antimicrobial additives contribute to the growth of the antimicrobial additives market.
Currently, the global antimicrobial additives market is dominated by various market players such as BASF SE (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), A. Schulman, Inc. (U.S.), Polyone Corporation (U.S.), Sanitized AG (Switzerland), Microban International (U.S.), Biocote Limited (U.K.), King Plastic Corporation (U.S.), and Steritouch Ltd. (U.K.).