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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=20591555
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.
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.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=20591555
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.
On the basis of region, Asia Pacific was the largest market for antimicrobial plastics, followed by Europe and North America in 2020. The increasing population and rapid urbanization in key countries, such as China and India, contribute to the growth of the antimicrobial plastics market. The region is projected to witness the highest CAGR between 2023 and 2028, owing to the emerging players in the region and burgeoning demand from industries such as packaging, consumer goods, and automotive.
Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=20591555
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/antimicrobial-plastic-market-20591555.html