DUBLIN, Sept. 13, 2018 /PRNewswire/ --
The "Antimicrobial Plastic Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The antimicrobial plastic market is projected to grow at a CAGR of 7.74% during the forecast period. The market size is expected to be US$18.404 billion by 2023 from US$11.765 billion in 2017.
Antimicrobial plastic is a type of polymer material infused with antimicrobial agents that inhibit the growth of microorganisms, thus helping to prevent unpleasant odors, discoloration, and surface degradation of plastic parts. Increasing awareness among consumers related to plastic related health conditions is one of the main factors driving the growth of antimicrobial plastics.
Increasing demand for these plastics from the healthcare sector on account of growing number of cases related to immune system suppression, chronic bronchitis, skin diseases, and birth defects is driving the growth of the antimicrobial plastic market. Rapid urbanization and burgeoning population in Asia-Pacific and South American regions are other drivers that are further boosting the market.
Geographically, Asia Pacific region is expected to grow at the highest rate owing to growing health-related concerns among population and improvement in the standard of living. The market is expected to grow at an impressive rate over the forecast period owing to its increasing usage in a number of industries such as packaging, construction, consumer goods and etc. Conversely, stringent regulations and volatility in raw material prices are the major factors restraining the growth of the market.
Key industry players profiled as part of this section are Milliken Chemical, The DOW Chemical Company, Microban International, and Clariant among others.
The antimicrobial plastic market has been segmented on the basis of end-user, industry vertical, and geography.
By Industry Vertical
- Consumer Goods
- Personal Care
Key Topics Covered:
2. Research Methodology
3. Key Findings of The Study
4. Market Dynamics
5. Antimicrobial Plastic Market Forecast by End-User
6. Antimicrobial Plastic Market Forecast by Industry Vertical
7. Antimicrobial Plastic Market Forecast by Geography
8. Competitive intelligence
9. Company Profiles
- Milliken Chemical
- The DOW Chemical Company
- Microban International
- Parx Plastic
- SANITIZED AG
- PolyOne Corporation
- King Plastic Corporation
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SOURCE Research and Markets