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Antimicrobial Plastics Market worth $64.8 billion by 2028 | Key players DuPont De Nemours, Inc. (US), BASF SE (Germany), Microban International (US), Sanitized AG (Germany).

05-02-2024 03:12 PM CET | Chemicals & Materials

Press release from: MarketsandMarkets

Antimicrobial Plastics Market, Antimicrobial Plastics, APAC Antimicrobial Plastics Market, Plastics Market, Plastics

Antimicrobial Plastics Market, Antimicrobial Plastics, APAC Antimicrobial Plastics Market, Plastics Market, Plastics

According to recent market research the "Antimicrobial Plastics Market by Additive (Inorganic, Organic), Type (Commodity Plastics, Engineering Plastics, High Performance Plastics), Application (Packaging, Automotive, Medical & Healthcare, Consumer Goods), & Region - Global Forecast to 2028", size was USD 41.7 billion in 2022 and is projected to reach USD 64.8 billion by 2028, at a CAGR of 7.7%, between 2023 and 2028. Antimicrobial plastics are used in various construction industry products. Population growth, urbanization, and domestic industrial growth are the main drivers of the global construction market. Particularly in the single-family construction segment, the residential market is seeing robust growth. Governments all around the world are spending more money on infrastructure, which is boosting the expansion of the construction business. This is increasing the demand for antimicrobial plastics in building & construction application.

Browse 340 market data Tables and 45 Figures spread through 270 Pages and in-depth TOC on "Antimicrobial Plastics Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/antimicrobial-plastic-market-20591555.html

Copper type of inorganic additive is majorly used in medical & healthcare, food & beverage, consumer goods and agricultural industries. These additives have high thermal and electrical conductivity, good corrosion resistance and ease of formability. Hospitals, ambulances, public buildings, and public transports are some of the applications of copper additive. Zinc inorganic additive is used in the lining of food cans which are used for the packaging of meat, fish, corn, and peas. Zinc helps in preserving colors and preventing spoilage.

High performance plastics are the most expensive plastic material compared to commodity plastics and engineering plastics. The high-performance plastics market is projected to witness a high growth rate and is expected to continue to grow due to its growing demand from industries such as medical & healthcare, electronics, and automotive. Even though the consumption of these plastics in terms of volume is low, but their market share in terms of value is more owing to their high prices. High performance type of polymer is used in high-end products. They are used in premium cars to reduce weight but have the same strength as that of metal. They are also used in medical equipment where mechanical properties, thermal stability, and other features along with antimicrobial protection are required.

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Asia Pacific is the largest and fastest-growing antimicrobial plastics market. Asia has seen widespread use of plastic packaging, with countries like India and China making large contributions through their food and beverage industries. Packaging sector has been a major force behind technology and innovation in the nation over the past few years, adding value to a number of manufacturing industries, including agriculture and the fast-moving consumer goods (FMCG) segments. High demand for specialized medical services due to the presence of developed healthcare infrastructure, rising rates of cardiovascular illnesses and an ageing population are anticipated to fuel the demand for medical equipment, which would in turn have a favourable impact on the demand for antimicrobial plastic in the healthcare industry, in Asia Pacific region.

The key players profiled in the report include DuPont De Nemours, Inc. (US), BASF SE (Germany), Microban International (US), Sanitized AG (Germany), Biocote Limited (UK), Avient Corporation (US), and King Plastic Corporation (US).

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DuPont de Nemours, Inc. has a strong global presence. The company has a wide economic portfolio and a defense material product range. Because of its wide range of products and market reach, the company is a market leader in the antimicrobial plastics industry. It provides expertise and vital breakthroughs to a wide range of markets, including electronics, transportation, building and construction, healthcare, and worker safety. DuPont De Nemours has more than 100 subsidiaries and has a presence in more than 40 countries including US, Canada, European countries, Middle East & African countries, and others. The company offers antimicrobial plastics through the water & protection segment and serves various applications under the brand name Tyvek.

BASF SE is among the largest chemicals-producing companies across the globe. The company operates through seven business segments: chemical, materials, industrial solutions, surface technologies, nutrition & care, agricultural solutions, and others. BASF SE offers antimicrobial plastics through its materials business segment. The company has customers in over 190 countries and supplies to various end-use industries such as chemicals, plastics, consumer goods, energy, and resources, and automotive and transportation. The company has subsidiaries in 80 countries and joint ventures with 30 companies and operates 390 production sites in continents such as North America, Europe, South Africa, Africa, and the Middle East.

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