Press release
Antimicrobial Plastics Market worth $59.8 billion by 2025 | Key Players include DuPont, BASF SE, Lonza Group, Avient Corporation, Microban International
Antimicrobial Plastic Market
Browse 146 market data Tables and 34 Figures spread through 171 Pages and in-depth TOC on "Antimicrobial Plastics Market - Global Forecast to 2025"
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Commodity plastics are the most commonly used plastics across a wide range of applications. These plastics are used in applications where mechanical properties and service environments are not very critical. Some examples of commodity plastics are PE, PP, PS, PVC, PMMA, PET, and PUR. These plastics are produced in high volume at low cost for the most common disposable items and durable goods. The widespread applications, easy availability, and low-cost materials are the key factors driving the commodity plastics market.
The medical and healthcare application leads the antimicrobial plastics market owing to consumer awareness regarding health-related issues and life-threatening diseases such as H1N1, nosocomial infections, and COVID-19 in the recent past. As a result, the importance of antimicrobial plastics in medical and healthcare application is expected to increase during the forecast period. Moreover, innovation in the medical and healthcare application, for instance, the development of non-toxic plastic equipment is anticipated to fuel the growth of the antimicrobial plastics market. Surgical and medical devices such as catheters, cubicle curtains, beds, and dental implants are the other medical and healthcare applications of antimicrobial plastics.
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Major players profiled in the report include DuPont (US), BASF SE (Germany), Lonza Group (Switzerland), Avient Corporation (US), Microban International (US), Parx Plastics (Netherlands), King Plastic Corporation (US), BioCote (UK), Milliken Chemical (US) and Sanitized AG (Switzerland).
Players in the antimicrobial plastics market are mainly concentrating on the strategies of new product launch/development, contract & agreement, partnership & collaboration, joint venture, and expansion to meet the growing demand for antimicrobial plastics in various applications.
The growth of the antimicrobial plastics market has been largely influenced by new product launch/development. The adoption of the strategy of new product launch/development has helped companies to strengthen their product portfolio and meet the specific demands of customers. Companies such as Parx Plastics (Netherlands) and Microban International Ltd. (US) are adopting these strategies to maintain their premium position in the market.
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Parx Plastics (US) is one of the players in the antimicrobial plastics market. The company is focusing on enhancing its product portfolio by the launch of new products for various applications to expand its business. For instance, Parx Plastics announced the availability of two specific grade materials, LLDPE and PP.
Companies also adopted contract & agreement as a strategy to expand their market presence. For instance, in June 2015, King Plastic Corporation (US) entered into a license agreement with Gelest Inc. (US) for the use of Biosafe antimicrobial additive. The antimicrobial additive is bonded at the molecular level and does not lose its efficacy even during heavy abrasion occurring during its application. Similarly, Parx Plastics N.V. (Netherlands) entered into an agreement with Nexeo Solutions (US) for the distribution of its products containing antiseptic and antibacterial properties. This agreement helped the company in expanding its presence in Europe.
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