The antimicrobial additives market is estimated to be valued at USD 3.22 Bn in 2024 and is expected to reach USD 5.07 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
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The market is expected to witness significant growth during the forecast period. The growing awareness about health and hygiene is expected to drive the demand for antimicrobial additives. With the ongoing COVID-19 pandemic, there has been increased focus on sanitization and use of products containing antimicrobial ingredients. The regulatory framework is also supportive with regards to use of such additives in various industrial and consumer applications. Major industry players are investing in R&D to develop innovative products in order to capitalize on the lucrative growth opportunities offered by this market. Several product launches catering to different application segments are expected to further support the market expansion.
Growing concerns over healthcare-associated infections
The use of antimicrobial additives is being driven by the growing concerns over healthcare-associated infections globally. There has been an increasing number of hospitalizations due to various infectious diseases and related complications. With patients becoming more vulnerable to infections due to their medical conditions and compromised immunity, it has become extremely important to curb the spread of infections in healthcare facilities which are primarily bacteria-driven. Antimicrobial additives are increasingly being used by hospitals and healthcare providers to incorporate antimicrobial properties into various medical products that come in contact with patients. From surgical drapes and hospital curtains to medical equipment, furnishings and various frequently touched surfaces, these additives are helping impart continuous antimicrobial protection. Their use supports the implementation of strict hygienic protocols and infection control practices within hospitals. With the COVID-19 pandemic highlighting the importance of improving hygiene standards, many facilities have ramped up their efforts to incorporate antimicrobial technologies to strengthen defenses against the spread of infections. The growing geriatric population who are at a higher risk of infections is another factor driving up demands.
Increasing awareness about the role of surfaces in spreading infections
There is growing awareness about the role of frequently touched surfaces and objects in indirectly spreading infections in both healthcare and public settings. Studies have shown that pathogens can survive on various surfaces for hours or sometimes even days depending on the type of material. When an infected person coughs, sneezes, or touches a surface, microbes are left behind which can be transferred to others later through cross-contamination. This makes surfaces an often overlooked factor in the spread of infections. Areas with high human contact like public transit systems, schools, offices, gyms, and retail spaces are now recognizing surfaces as a significant link in the chain of infection. Incorporating antimicrobial additives into materials is helping make surfaces less hospitable for bacteria and viruses. Products with such additives are being adopted across various industries to impart continuous protection to surfaces and inhibit growth.
Antimicrobial Additives Market Report Snapshots
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