Market Leader - Antimicrobial Plastics Market
In terms of value, the antimicrobial plastics market is estimated to grow from USD 41.7 billion in 2022 to USD 64.8 billion by 2028, at a CAGR of 7.7%. Antimicrobial plastics are necessary for medical devices because they prevent microorganisms from adhering to the surfaces of tools, equipment, and implants. In emerging nations, there is a higher need for hospitals and clinics due to increased healthcare expenses and population expansion which drives the demand for antimicrobial plastics. Antimicrobial plastics are also used in textile industry to prevent the growth of microorganisms. With the help of nanotechnology antimicrobials can be implemented in various technical and nontechnical textiles.
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). The antimicrobial plastics market is witnessing growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares. Lately, new antimicrobial additives for polymers are introduced in antimicrobial plastics to increase its antimicrobial properties and effectiveness for better use.
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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 contries 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.
Related Reports:
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
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