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Antimicrobial Plastics Industry 2022-2026

04-14-2022 05:10 PM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

The antimicrobial plastics market is projected to reach USD 66.7 billion by 2026, at a CAGR of 10.8% from USD 40.0 billion in 2021.

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The report provides a comprehensive analysis of company profiles listed below:
• DuPont De Nemours Inc. (US)
• BASF SE (Germany)
• Microban International (US)
• Sanitized AG (Switzerland)
• BioCote Limited (UK)
• Avient Corporation (US)
• King Plastic Corporation (US)
• Milliken Chemical (US)
• Parx Plastics N.V (Netherlands)

"The inorganic additive is the largest additive of antimicrobial plastics for antimicrobial plastics market in 2020"
Silver is the most commonly used inorganic antimicrobial additive. It is non-toxic, environmentally friendly, sustainable, and has excellent safety. Silver ion is the active ingredient in silver antimicrobials. It is permanent and has high thermal stability. Silver can be incorporated into a wide variety of polymer and textile industries without changing the product aesthetics. There is a higher demand for inorganic antimicrobial additives mainly due to their non-volatile nature, high thermal stability, and widespread applications. Inorganic antimicrobial additives are widely used in the healthcare, packaging, and construction industries.

"Commodity plastics are estimated to be the type of antimicrobial plastics market between 2021 and 2026."
The overall antimicrobial commodity plastics market accounted for the largest share, in terms of value and volume, in 2020. The higher demand for commodity plastics is primarily attributed to its relatively low cost of production and its increasing use in various applications, such as consumer goods, packaging, and medical and healthcare. Commodity plastics are the most common plastics used in different application areas, mainly due to their cost and properties suitable for applications. On the other hand, high-performance plastics find application in specific segments, where the certain functionalities of plastics are required to sustain in extreme conditions.

"Medical &Healthcare is estimated to be the largest application of antimicrobial plastics market in 2020."
The medical & healthcare segment is estimated to be the largest application of the antimicrobial plastics market during the forecast period owing to the heightened demand for antimicrobial plastics driven by growing consumer awareness about personal hygiene and health-related issues. Due to COVID-19 at the beginning of 2020, the awareness among manufacturers and consumers for the usage of antimicrobial plastics has increased. This has resulted in more demand for these plastics in different applications industries, specifically the medical and healthcare industry.

"Asia Pacific is expected to be the largest antimicrobial plastics market during the forecast period, in terms ofvalue."
Asia Pacific is the largest antimicrobial plastics market. The increasing population and rapid urbanization in key countries, such as China and India, contribute to the growth of the antimicrobial plastics market. The region is estimated to be the largest, owing to the emerging players in the region and burgeoning demand from industries such as packaging, consumer goods, and automotive. Although Asia Pacific is the largest market, mature and developed regions such as North America and Europe also account for a considerable share in the global antimicrobial plastics market.

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Competitive Landscape of Antimicrobial Plastics Market:
1 Introduction
2 Strategies Adopted By Key Players
3 Market Share Analysis
3.1 Ranking Of Key Market Players
3.2 Market Share Of Key Players, 2020
3.2.1 Dupont De Nemours Inc
3.2.2 Basf Se
3.2.3 Microban International Ltd.
3.2.4 Sanitized Ag
3.3 Revenue Analysis Of Key Market Players, 2016-2020
4 Company Product Footprint Analysis
5 Company Evaluation Quadrant (Tier 1)
5.1 Stars
5.2 Emerging Leaders
6 Start-Up/Small And Medium-Sized Enterprises (Smes) Evaluation Quadrant
6.1 Responsive Companies
6.2 Starting Blocks
7 Competitive Situation And Trends
7.1 New Product Launch
7.2 Deals
7.3 Other Developments

Research Coverage:
This report segments the market for antimicrobial plastics on the basis of additive, type, application, and region, and provides estimations for the overall value and volume of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for antimicrobial plastics.

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