The report [151 pages] “Antimicrobial Plastic Market by Type (Commodity Plastic, Engineering Plastic, and High Performance Plastic) by Application (Healthcare, Packaging, Consumer Goods, Automotive, Construction, and Others) & by Region - Global Forecast to 2020”, defines and segments the antimicrobial plastic market and forecasts the market size, by value and volume. The antimicrobial plastic market size, in terms of value, is projected to reach USD 16.17 billion by 2020, at a CAGR of 8.7%, between 2015 and 2020.

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Based on type, the antimicrobial plastics market has been segmented into commodity plastics, engineering plastics, and high performance plastics. There is a higher demand for commodity plastics due to its low cost and improved mechanical properties. Additionally, widespread applications and easy availability are driving the commodity plastics market. On the other hand, the relatively high demand for engineering plastics is attributed to its heat & chemical resistance and greater dimensional stability. The high performance plastics market is projected to register the highest CAGR, in terms of volume and value, during the forecast period.

Based on application, the antimicrobial plastics market has been segmented into packaging, automotive, consumer goods, medical and healthcare, building & construction, and others. The medical and healthcare application is expected to be the largest segment of the market during the forecast period. The demand for antimicrobial plastics in the medical and healthcare application is expected to increase mainly due to the growing consumer awareness pertaining to the importance of antimicrobial plastics.

On the basis of region, APAC is expected to be the largest antimicrobial plastics market due to its growing economy and increasing population. With growing industrialization and increasing employment, disposable income is expected to increase, which, in turn, will enable consumers to buy more products based on antimicrobial plastics.

The antimicrobial plastics market is fragmented with several large players and a few small and medium-scale players. Leading manufacturers such as BASF SE (Germany), Bayer Material Science (Germany), Microban International Ltd. (US), Sanitized AG (Switzerland), and Lonza Group (Switzerland) have adopted strategies such as contract & agreement, expansion, partnership & collaboration, and new product launch/development to gain advantage over their competitors.

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