Transparency Market Research (www.transparencymarketresearch.com) has
published a new market report titled “Antimicrobial Plastics Market
for Electronic & Consumer Appliances, Personal Care, Packaging,
Automotive, Building & Construction, Healthcare and Other
Applications – U.S. Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 – 2020”. According to the report, the U.S.
antimicrobial plastics market was valued at USD 662.3 million in 2013
and is anticipated to reach USD 1,227.4 million by 2020, expanding at
a CAGR of 9.3% during the forecast period from 2014 to 2020. In terms
of volume, the antimicrobial plastics market in the U.S. stood at
100,062.1 tons in 2013.
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Antimicrobial plastics help reduce deterioration and increase the
lifespan of medical products. Thus, growth in the medical devices
market in the U.S. is likely to be one of the primary factors driving
demand for antimicrobial plastics in the country over the next few
years. Furthermore, high rate of hospital-acquired infections is
projected to boost market growth. Rising demand for antimicrobial
plastics in packaging and subsequent growth of the packaging market
in the U.S. is estimated to fuel market growth.
However, volatility in prices of raw materials is expected to hamper
antimicrobial plastic market growth, as it adversely affects profit
margins of manufacturers and increases the overall costs of the
already-expensive plastics. Product innovation, an area of focus of
several manufacturers, is anticipated to open up new opportunities
for market growth.
Healthcare was the largest application segment, accounting for
approximately 44% of the market share in 2013. Additionally, it is
estimated to be the fastest growing segment during the forecast
period, led by rising demand for antimicrobial solutions in the
medical devices market. Furthermore, higher number of patients with
hospital-acquired infections is projected to augment demand for
antimicrobial plastics. Packaging and personal care segments are
likely to witness above-average growth during the forecast period.
Automotive and building & construction are niche market segments
of the antimicrobial plastics market owing to the high cost of the
plastics.
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Market Research Report with ToC & Analysis :
The antimicrobial plastics market is fragmented in nature due to the
presence of a number of manufacturers. Additionally, there is a low
threat of backward or forward integration of antimicrobial plastic
manufacturing companies in the market owing to the complex
manufacturing and capital intensive nature of the market. Certain
companies such as BASF and Bayer are integrated across two or more
stages of the antimicrobial plastics market. Key players in the
market include The Dow Chemical Company, Lonza, BASF, AkzoNobel,
Bayer, DuPont and Sherwin-Williams. Product innovation and
development of cheaper antimicrobial solutions are the points of
focus of the manufacturers. Market share of these companies is
estimated to decrease in the next few years due to increasing demand
for antimicrobial plastics.
The
report segments the U.S. antimicrobial plastics market as follows:
U.S.
Antimicrobial Plastics Market – Application Analysis
- Electronic & consumer appliances
- Personal care
- Packaging
- Automotive
- Building & construction
- Healthcare
- Others (Includes sportswear, waste bins, etc.)
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