Healthcare Antimicrobial Plastics Market Scope
Antimicrobial substances are used in plastic to destroy or control harmful bacterial growth as repetitive use of plastic causes the high growth of the harmful bacteria. Thus, increasing Consumer Awareness Associated to the Importance of Antimicrobial Plastics and Increasing Number of Application for Antimicrobial Plastic in Health care Sector are the factors that have been driving the overall growth of the market. Additionally, increasing government funding for developing healthcare infrastructure and the growing use of antimicrobial plastic products in hospitals and pharmacies have been supplementing the growth of the market. However, fluctuation in the prices of the raw material required for manufacturing antimicrobial plastic and strict government regulations and policies for antimicrobial plastic products is limiting the market.
The market study is being classified by Type (Commodity Plastic, Engineering Plastic and High Performance Plastic), by Application (Hospital, Pharmacy and Medical Research) and major geographies with country level break-up.
The Players having a strong hold in the market are DowDuPont, BASF SE, Bayer Material Science, Clariant AG, Lonza Group, PolyOne Corporation. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Healthcare Antimicrobial Plastics market throughout the predicted period.
DowDuPont (United States), BASF SE (Germany), Bayer Material Science (Germany), Clariant AG (Switzerland), Lonza Group (Switzerland), PolyOne Corporation (United States), Microban International Ltd. (United States), Parx Plastics N.V. (Netherlands), King Plastic Corporation (United States) and BioCote (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sanitized AG (Switzerland).
AdvanceMarketAnalytics has segmented the market of Global Healthcare Antimicrobial Plastics market by Type, Application and Region.
On the basis of geography, the market of Healthcare Antimicrobial Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Additive, the sub-segment i.e. Inorganic (Silver will boost the Healthcare Antimicrobial Plastics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On February 2019, Parx Plastics (Leading player in the manufacturing of antimicrobial plastic) has announced the incorporation of a new joint venture named as Zinkh NV. The main aim of the acquisition is to market its antimicrobial technology, particularly in dental applications. The new joint venture can create new opportunities in the operating market.
- Increasing Government Funding for Developing Healthcare Infrastructure
- Growing Use of Antimicrobial Plastic Products in Hospitals and Pharmacies
- Increasing Consumer Awareness Associated to the Importance of Antimicrobial Plastics
- Increasing Number of Application for Antimicrobial Plastic in Health care Sector
- Increasing New Launches and Technological Advancement in Antimicrobial Plastic Technology
- Increasing Demand from the Highly Populated Asian Countries
- Continuously Fluctuation in the Prices of Raw Material
- Strict Government Regulations and Policies for Antimicrobial Plastic Products
- Intense Competition among Established Key Players
- Lack of Skilled Workforce to Manufacture Antimicrobial Plastic
Key Target AudienceAntimicrobial Plastic Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Private Research Organizations, Government Bodies and Associations, Potential Investors and Others
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