Global Antimicrobial Plastic Market is projected to register a CAGR of 7.7%, by volume, in the next five years, to reach 5,657.6 KT by 2020. Antimicrobial plastic are a type of polymer material infused with antimicrobial agents and additives such as organic-metallic biocides and arseni-based oxybisphenox arsine (OBPA). In comparison with normal plastic, antimicrobial plastic is more cost-effective and eco-friendly, and is hence used in a variety of applications ranging from health care, packaging food, construction, consumer goods, and automotive parts.

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The key driving factors of this market include the growing consumer awareness about health-related infections owing to the increasing medical cases of nosocomial infections and also the epidemic outbreaks of life threatening diseases such as H5N1 Avian influenza and H1N1 Swine flu, in recent times. As a result, the consumer awareness pertaining to the importance of antimicrobials in plastic is growing at a rapid pace. The market is restrained, due to various factors, such as volatility in raw material process, which increases the overall cost of the existing products, majorly affecting the profit margins of the manufacturers.

Commodity plastic is the key type of antimicrobial plastic followed by engineering plastic and high performance plastic. Commodity plastic is the largest segment that accounts for 60.0% share of the antimicrobial plastic market. The Asia-Pacific region dominated the demand for commodity plastic type of antimicrobial plastic, followed by North America and Europe. The engineering plastic segment is projected to witness the highest CAGR of 8.8%, between 2015 and 2020.

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Health care is the key application of antimicrobial plastic followed by packaging and consumer goods. It is the largest application in the antimicrobial plastic market and accounts for more than one-third share of the market. The Asia-Pacific region dominated the market for health care application of antimicrobial plastic, followed by North America and Europe. Health care and packaging applications are projected to witness the highest CAGR of 8.8%, between 2015 and 2020.

The leading players in the market include the BASF SE (Germany), Bayer MaterialScience AG (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), Lonza Group AG (Switzerland), Microban International (U.S.), Parx Plastic BV (The Netherlands), King Plastic Corporation (U.S.), Biocote (U.K.), Milliken Chemical (U.S.), Sanitized AG (Switzerland), and PolyOne Corporation (U.S.).

Browse 96 market data Tables and 60 Figures spread through 151 Pages and in-depth TOC on"Antimicrobial Plastic Market"

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