Antimicrobial additives are substances that are added to a product to prevent bacteria, fungi, and other microorganisms from growing. They are found in a wide range of products and applications, including food packaging, construction materials, medical devices, and personal care products. The need to protect products from spoilage, contamination and disease spread drives the demand for antimicrobial additives. Antimicrobial additives are also frequently used to extend product shelf life and improve consumer safety. The global 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%.
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.
Get PDF Brochure for Research Insights at: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68703174
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.
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.
In June 2020, A partnership was made between Picnic Plast Industrial, Ltd., the manufacturer of Nanny baby products and Microban International Ltd., to produce antimicrobial products.
In August 2019, The company inaugurated its new office in Staffordshire, UK, marking its second office in Europe.