Global Antimicrobial Plastic Market: Overview
The antimicrobial plastic is also known as polymeric biocides which have certain antimicrobial agents and additives. The antimicrobial additives such as arsenic-based oxybisphenox arsine and organic-metallic biocides are used. The major application of antimicrobial plastic is killing of microorganisms by inhibiting their growth in the packaged and commercial products. The antimicrobial plastic has its application in various sectors such as medical, constructions, textiles, and packaging.
Global Antimicrobial Plastic Market: Growth Factors
The key factors that drive the antimicrobial plastic market growth include the rising consumer awareness about health-related diseases and infections due to the increasing medical conditions such as hospital-related infections and also life-threatening diseases such as H5N1 Avian influenza, H1N1 Swine flu, cancer, skin diseases, birth defects, immune system suppression, and others. The market is restrained due to factors such as stringent regulations and instability of raw materials used which increases the product cost hampering the product manufacturing. The other factors such as eco-friendly nature, low cost, hygienic products, increasing plastic consumption, rapid urbanization, and growing population fuels the antimicrobial plastic market growth. The application in the textiles, housewares, healthcare, and packaging boosts the growth of the global antimicrobial plastic market.
Global Antimicrobial Plastic Market: Segmentation
The antimicrobial plastic market is segmented based on type, and application. The type segment is divided on engineering plastic, commodity plastic, and high-performance plastic. The application segment is categorized into automotive, packaging, healthcare, consumer goods, and construction. The commodity plastic and healthcare dominate the global antimicrobial plastic market.
Global Antimicrobial Plastic Market: Regional Analysis
The Asia-Pacific region dominates the global antimicrobial plastic market and is assumed to retain the position for the next 5 Years. The increasing antimicrobial plastic consumption and rapid urbanization drive the demand for antimicrobial plastic in the Asia-Pacific region followed by North America and Europe. The South American region also shows a rise in the antimicrobial plastic market due to the increasing population and health awareness among consumers. The demand for the antimicrobial plastic in the construction, medical, and packaging sector attributes to a significant growth in the antimicrobial plastic market in the U.S. and Mexico. The companies are targeting regions such as India, China, and Brazil due to the expansion in the industries such as automobiles, medical, construction, and packaging and also the demand for hygienic quality products in the regions.
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Global Antimicrobial Plastic Market: Competitive Players
The key players that dominate the antimicrobial plastic market include The Dow Chemical Company, BASF SE, Parx Plastic BV, Clariant AG, Bayer MaterialScience AG, Lonza Group AG, PolyOne Corporation, Microban International, King Plastic Corporation, Milliken Chemical, Biocote, and Sanitized AG. The other major players in the market include The Sherwin-Williams Company, Doeflex Vitapol, DuPont, Momentive Performance Materials Inc., AkzoNobel N.V., Diamond Vogel, Teknor Apex Company, and Ticona Engineering Polymers.