$43 Bn Antimicrobial Plastics (Commodity, Engineering, High Performance Plastics) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 2, 2019--The “Antimicrobial Plastics Market by Type (Commodity Plastics, Engineering Plastics, High Performance Plastics), Application (Packaging, Automotive, Consumer Goods, Medical and Healthcare, and Building & Construction) % Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The Antimicrobial Plastics Market Size is Estimated to Grow from USD 29.6 Billion in 2018 to USD 43.1 Billion By 2023, at a CAGR of 7.8%
The growing demand for medical devices is likely to augment the market of antimicrobial plastics in the healthcare sector. However, volatile prices of raw materials and government regulations on the usage of plastics in certain applications are hindering the growth of the market.
The high-performance plastics segment is expected to grow at the highest CAGR during the forecast period
The high-performance plastics market is growing rapidly and is expected to continue to grow in the future owing to its increasing demand from various applications such as medical and healthcare, electronics, and automotive. The current market is backed by the high demand from APAC as well as improved regulations by regional environment associations and optimized performance of high-performance plastics.
The medical and healthcare application segment is expected to hold the largest market share, in terms of volume and value, between 2018 and 2023
The medical and healthcare application leads the antimicrobial plastics market owing to consumer awareness pertaining to the use of antimicrobial plastics and incidences life-threatening diseases such as H1N1 and nosocomial infections in the recent past. Owing to the awareness, 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. Other application areas of antimicrobial plastics in medical and healthcare application include surgical and medical devices such as catheters, cubicle curtains, beds, and dental implants.
APAC is expected to record the highest growth rate in the antimicrobial plastics market during the forecast period
APAC is the fastest-growing antimicrobial plastics market due to the rapid industrialization coupled with the growing plastics industry. The rising disposable income of consumers along with the changing lifestyle plays a significant role in boosting the growth of the antimicrobial plastics market. APAC consists of approximately 60.0% of the global population, which is expected to increase the demand for packaging, consumer goods, and electronic products. Growing industrialization, backed by infrastructure development in the region, has offered enormous opportunities for the use of antimicrobial plastics in APAC.
The increasing middle-class population in the region drives the antimicrobial plastics market. The growing demand and policies, such as emission control and use of environmentally-friendly products, have led to innovation in the plastics industry of the region, making it a plastics hub, globally. The growing population, along with industry alliances, is expected to lead to significant growth of the antimicrobial plastics market in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Antimicrobial Plastics Market
4.2 Antimicrobial Plastics Market, By Application
4.3 Antimicrobial Plastics Market, By Region
4.4 APAC Antimicrobial Plastics Market, By Type and Country
4.5 Antimicrobial Plastics Market, By Key Countries
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Consumer Awareness Pertaining to the Importance of Antimicrobial Plastics
18.104.22.168 Increasing Demand From Applications
22.214.171.124 Volatility in Raw Material Prices
126.96.36.199 Government Regulations on the Usage of Plastics in Certain Applications
188.8.131.52 Growth of the Textile Industry
5.3 Porter’s Five Forces Analysis
5.4 Macroeconomic Indicators
5.4.1 Construction Industry
6 Antimicrobial Plastics Market, By Additive
7 Antimicrobial Plastics Market, By Type
7.2 Commodity Plastics
184.108.40.206 APAC is the Largest PE Market Due to its Use in Various Building & Construction Applications
220.127.116.11 the Rising Demand for PP in the Packaging, Building & Construction, and Automotive Applications is Driving the Market 50
18.104.22.168 Packaging, Building & Construction, and Consumer Goods are the Major Applications of PS
22.214.171.124 APAC is Likely to Fuel the Demand for the PVC Type of Antimicrobial Plastics
126.96.36.199 the Electronics, Automotive, and Construction Industries are Supporting the Growth of the PMMA Market in APAC
188.8.131.52 the Large Manufacturing Base of Pet-Based Products in APAC is Likely to Increase its Demand
184.108.40.206 China and India are Boosting the PUR Market in APAC
7.3 Engineering Plastics
220.127.116.11 APAC is Driving the Demand for ABS Owing to its Large Electronics Industry
18.104.22.168 the Rising Demand for Engineering Plastics in APAC is Increasing the Demand for PA
22.214.171.124 PC Finds Use in a Wide Range of Applications Due to its Lightweight, Flexibility, and Toughness
126.96.36.199 Superior Properties of POM Make It Suitable for Applications in the Construction, Automotive, and Medical Industries
7.4 High Performance Plastics
7.4.1 Medical and Healthcare, Electronics, and Automotive Applications to Influence the Growth of the Market
8 Antimicrobial Plastics Market, By Application
188.8.131.52 Growing Awareness About Health and Hygiene is Expected to Drive the Market in the Packaging Segment
184.108.40.206 Rising Production Activities in the Automotive Industry in APAC Will Fuel the Demand
8.1.3 Consumer Goods
220.127.116.11 Growing Population and Rapid Urbanization in APAC are Driving the Market in this Segment
8.1.4 Medical and Healthcare
18.104.22.168 Increasing Consumer Awareness About Personal Hygiene and Quality of Medical Equipment are Boosting the Demand
8.1.5 Building & Construction
22.214.171.124 Increasing Investment in APAC’s Construction Industry is Increasing the Demand
9 Antimicrobial Plastics Market, By Region
10 Competitive Landscape
10.2 Competitive Leadership Mapping (Tier 1/Tier 2)
10.3 Competitive Leadership Mapping (Start-Up/Smse)
10.4 Market Share Analysis
10.5 Competitive Scenario
11 Company Profiles
11.2 Basf Se
11.3 Bayer Material Science Ag
11.4 Clariant Ag
11.5 Lonza Group Ag
11.6 PolyOne Corporation
11.7 Microban International Ltd.
11.8 Parx Plastics N.V.
11.9 King Plastic Corporation
11.11 Milliken Chemical
11.12 Sanitized Ag
11.13 Other Companies
11.13.1 Americhem Inc.
11.13.2 Teknor Apex Company
11.13.3 Addmaster Limited
11.13.4 Agion Technologies Inc.
11.13.5 Akcros Chemical
11.13.6 Biosafe Inc.
11.13.7 Doeflex Vitapol
11.13.8 Polychem Alloy Inc.
11.13.9 American Polyfilm Inc.
11.13.10 RTP Company
11.13.11 Highland Plastics Inc.
11.13.12 Porex Technologies
11.13.13 Plastics Color Corporation
For more information about this report visit https://www.researchandmarkets.com/research/w9w7z2/43_bn?w=4
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 04/02/2019 10:04 AM/DISC: 04/02/2019 10:04 AM