U.S. Antimicrobial Plastics Market Growing Trade Among Emerging Economies Opening New Business-Opportunities
U.S. Antimicrobial Plastics Market: Introduction
Transparency Market Research delivers key insights on the U.S. antimicrobial plastics market. In terms of
revenue, the U.S. antimicrobial plastics market is estimated to expand at a
CAGR of 5.5% during
the forecast period, owing to numerous factors, regarding which TMR offers
thorough insights and forecast in its report on the U.S. antimicrobial plastics
market.
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The U.S. antimicrobial plastics market is broadly affected by
several factors, including increase in usage of antimicrobial plastics in
various applications such as flooring, medical devices, car interiors, food
packaging, sports equipment, and appliances. Rise in U.S. demand for transportation
fuel and chemical intermediates has led to significant growth in usage of
antimicrobial plastics. Increase in production and demand for general surgery
equipment is expected to be the primary driver of the U.S. antimicrobial
plastics market.
U.S. Antimicrobial Plastics Market: Dynamics
Plastic is used as a substitute for conventional materials such as
glass, wood, and metal. Antimicrobial plastic is a synthetic polymer material
that contains an integrated and active ingredient, which prevents microbial
growth.
Antibacterial plastic has ability to kill or prevent the growth of
microorganisms such as molds, viruses, algae, and bacteria that can contaminate
the plastic. Antimicrobial additives help increase the lifespan of plastics.
Products made from antimicrobial plastic are more durable.
Antimicrobial plastics are manufactured using a combination of
plastic resins and antimicrobial additives; hence, many antimicrobial additive
manufacturers invest in research & development activities for developing
advanced technologies. For instance, in April 2020, Polyfuze Graphics Corp.
introduced a new proprietary line of polymer fusion products with antimicrobial
blocking agents. Antimicrobial plastics offer chemical stability, heat &
chemical resistance, high dimensional stability, and improved mechanical
properties.
The U.S. antimicrobial plastics market is driven by the rise in
demand for antimicrobial plastics in end-use industries such as building &
construction, consumer goods, automotive, and packaging. Increase in usage of
antimicrobial plastics in food and cosmetics industries is expected to boost
the antimicrobial plastics market during the forecast period.
The healthcare industry is the primary consumer of antimicrobial
plastics in the U.S. Antimicrobial plastics offer various advantages such as
cleanliness, sterility, convenience, ease of use, and low cost over
conventional materials in the healthcare industry.
Complex epidemiological situation, healthcare-associated
infections (HAIs), microbial contamination, nosocomial infections, and
infection risks in hospitals and dental equipment are driving the need for
prevention of microbial infections in the healthcare industry in the U.S.
Increase in investments in R&D is likely to provide lucrative
opportunities to the market during the forecast period. Manufacturers are
focusing on medical devices, as the share held by the segment in the
antimicrobial plastics market in the U.S. is likely to increase during the
forecast period.
U.S. Antimicrobial Plastics Market: Prominent Country
Increase in demand for antimicrobial plastics in various
applications such as flooring, medical devices, car interiors, food packaging,
sports equipment, and appliances is driving the antimicrobial plastics market
in the U.S. The U.S. is a key country of the antimicrobial plastics market in
North America. It held significant share of the antimicrobial plastics market
in North America in 2020. The country is estimated to maintain its dominant
position in the region during the forecast period.
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U.S. Antimicrobial Plastics Market: Major Players
The antimicrobial plastics market is consolidated, with the
presence of key players. Prominent players operating in the U.S. antimicrobial
plastics market include Microban International, Ltd., Ray Products Company
Inc., DuPont De Nemours Inc., Milliken & Company, Parx Materials NV, and
RTP Company.
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