The antimicrobial additives market size is projected to reach USD 5.5 billion by 2026 from USD 4.0 billion in 2021, at a CAGR of 6.6%. Growing demand for end-use industry is expected to support the growth of the antimicrobial additives market. However, huge investment in R&D and strict rules and technological advancement is restraining the growth of the market. On the other hand, innovation in product development has created opportunities for manufacturers.
BASF SE (Germany), DuPont De Nemours (US), Microban International (US), Sanitized AG (Switzerland), LyondellBasell (Netherlands), Avient Corporation (US), Biocote (UK) and Milliken Chemical (US) are the major players in this market.
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DuPont operates under five different segments, namely, Nutrition & biosciences, safety & construction, transportation & industrial, electronics & imaging, and non-core. The company offers antimicrobial solutions through its nutrition & biosciences segment. The company has a dominance in The US and other European regions, and they are gradually increasing their presence in South America.
BASF SE is a diversified chemical solution provider and manufacturer of a broad range of chemical products with high-end industrial applications. The company operates through seven business segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions. and others. BASF offers antimicrobial additives through its industrial solutions segment. It primarily operates in Europe and has an active presence in North America, Asia Pacific, South America, Africa, and the Middle East countries.
Microban International Ltd. is a wholly owned subsidiary of W.M. Barr & Company, Inc. It manufactures antimicrobial additive solutions for the protection of products offered by the consumer goods, commercial, textiles, building, and healthcare industries in the US and internationally. It has operations in North America, Europe, and Asia.
Antimicrobial Additives Market With Covid-19 Impact Analysis by Type (Inorganic (Silver, Copper, Zinc), Organic(OBPA, DCOIT, Triclosan)), Application (Plastic, Paints & Coatings, Pulp & Paper), End-use Industry and Region - Global Forecasts to 2026
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