Global Antimicrobial Plastics Market Outlook to 2023 - Replacement of Conventional Materials by Plastics in Various Applications - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 9, 2018--The “Global Antimicrobial Plastics Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global antimicrobial plastics market is expected to register a moderate CAGR during the forecast period, 2018 to 2023.
Replacement of Conventional Materials by Plastics in Various Applications
Plastics, owing to their superior material characteristics, such as heat resistance, strength-to-weight ratio, and chemical stability, are increasingly being used to replace traditional materials, including bronze, stainless steel, cast iron and ceramics, in various commercial and industrial sectors, including packaging, construction and automotive.
The growing global consumer awareness regarding environment-protection and the resultant demand for fuel-efficient and lightweight vehicles have forced manufacturers in the automotive sector to reduce the overall weight of vehicles. This is primarily being done by replacing metal with engineering plastics as the major material for the production of automotive components and ancillaries, including electrical and systems, dashboard trims, bumpers, etc.
Similarly, in the packaging sector, the demand for faster packaging processes and growing popularity of aesthetically-pleasing complex-shaped flexible packaging by end-users in the food & beverage industry have created considerable demand for adopting plastics in the place of conventional materials.
In building & construction industry, for all the applications where translucent or transparent functions are required, the solution was glass. But it has its own drawbacks, such as fragileness, not easy to install, poor thermal efficiency, etc.
Other Key HighlightsHealthcare - The Fastest Growing End-user Industry Europe to Lead the Market
DriversReplacement of Conventional Materials By Plastics in Various Applications Rapidly Increasing Demand from the Healthcare & Packaging Sectors
RestraintsStringent Environmental Regulations Volatility in Prices of Raw Materials
OpportunitiesIncreasing Investments in R&D
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company ProfilesBASF SE Bayer AG Biocote (AkzoNobel N.V) Clariant AG DowDuPont King Plastic Corporation Lonza Microban International Milliken Chemical Parx Plastics PolyOne Corporation Sanitized AG
For more information about this report visit https://www.researchandmarkets.com/research/5bkr2q/global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180809005314/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 08/09/2018 06:34 AM/DISC: 08/09/2018 06:34 AM