Antimicrobial Additives Market worth $5.5 billion by 2026 | Key players BASF SE, DuPont De Nemours, Microban International, Sanitized AG, LyondellBasell

According to recent market research the "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", The market is projected to reach USD 5.5 billion by 2026, at a CAGR of 6.6% from USD 4.0 billion in 2021. This growth is primarily triggered by the increasing demand from the healthcare industry. APAC is the largest antimicrobial additives market due to the stringent industrial standardizations pertaining to the high growth of the end-use industries in the emerging countries such as China, India, Japan, and South Korea. The region is estimated to be the most populated in the world, which creates immense opportunity for the antimicrobial additives in packaging and food & beverage end-use industries.

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Inorganic antimicrobial additives do not decompose or transform even at resin molding temperature (maximum 350˚C). They also do not leach, thanks to organic solvents, and have a long-lasting antimicrobial effect. They possess high heat stability and low volatility and also reduce the risk of microbe adaption and provide long-lasting effectiveness. Inorganic antimicrobial additive dominated the global antimicrobial additive market in 2020 and is expected to continue the dominance for the forecast year. There is a higher demand for inorganic antimicrobial additives, mainly due to their non-volatile nature and high thermal stability. They are widely used in healthcare, food & beverage, and construction industries.

Healthcare dominated the antimicrobial additives market in terms of value of the overall market, followed by the packaging industry in 2020. The healthcare industry leads the market of antimicrobial additives owing to growing consumer awareness regarding health-related issues and life-threatening diseases such as COVID-19, H1N1 and nosocomial infections. Growing cases of COVID-19 in countries like US, India and UK is increasing the demand for hospital beds, constructing new covid centers, and medical equipment which is driving the demand for antimicrobial additives in healthcare end-use industry.

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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.

• On February 2021, DuPont completed the merger of Nutrition & Bioscience business which is a DuPont subsidiary with a subsidiary of International Flavors & Fragrances Inc. ("IFF").

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.

• In January 2020, BASF closed its acquisition of the polyamide business from Solvay and broadened the capabilities of engineering plastics for innovative solutions.

• In November 2020, BASF SE constructed a new plant for additives business in Pontecchio Marconi Italy. This expansion will help to strengthen the company's position. With this expansion they will be able to deliver wider range of solutions increase the revenue.

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