Antimicrobial Plastics Market Scope
An antimicrobial plastic is a synthetic polymer material containing an integrated active ingredient which makes it effective against microbial growth. The antimicrobial plastic is in more demand due to its benefits such as it lasts longer as compared to other plastic, more hygienic to use. Moreover, antimicrobial plastics are protected against staining and bad odors. The demand for antimicrobial plastic is expected to grow over the coming years due to its rising penetration in packaging as well as consumer products. There is also a rising demand for plastics as a substitute for traditional materials in medical instruments, including anesthetic machines, and medical ventilators, among others.
Indian market is highly competitive due to the presence of several key international players. These prominent vendors are adopting some organic and inorganic strategies such as merger, acquisitions, partnerships, product launches, among others in order to gain leading share within the Indian market. Moreover, some of them are focusing on technological advancements in order to provide innovative products as per the dynamic market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of India Antimicrobial Plastics market throughout the predicted period.
Dupont De Nemours, Inc. (United States), BASF SE (Germany), Lonza Group Ag (Switzerland), Avient Corporation (United States), Microban International Ltd. (United States), Biocote (United Kingdom), Milliken Chemical (United States), Sanitized Ag (Switzerland) and Alok Masterbatches (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Americhem Inc. (United States), Teknor Apex Company (United States), Akcros Chemical (United States), Polychem Alloy Inc. (United States) and American Polyfilm Inc. (United States).
Segmentation Overview
The study have segmented the market of India Antimicrobial Plastics market by Type (Commodity Plastics {Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Polymethyl methacrylate, Polyethylene Terephthalate, Polyurethane}, Engineering Plastics {Acrylonitrile Butadiene Styrene, Polycarbonate, Polyamide, Polyoxymethylene, Others} and High Performance Plastics), by Application (Packaging, Automotive, Consumer Goods, Medical & Healthcare, Building & Construction and Others {Sports, Electronics, Others}) and Region with country level break-up.
On the basis of geography, the market of 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).
Influencing Trend:
Increased Application in Medical & Healthcare
Market Growth Drivers:
Outbreak of Pandemic and Growing Awareness for Usage of Antimicrobial Plastics and Expansion of Various End-Use Industries
Challenges:
Thermoplastics, which are harmful to the environment, are used to make antimicrobial plastics. Plastic recycling rates are now quite low in comparison to global plastic output, which leads to improper plastic disposal that is bad for the environment
Restraints:
Volatility in raw material prices and Government regulations on usage of plastics in certain applications
Opportunities:
Growth of the textile industry in India is expected to soar the Demand
Market Leaders and their Expansionary Development Strategies
A strategic relationship was established by BASF SE and NMG Nanomaterials Germany GmbH to create antibacterial plastics for use in the healthcare sector. In order to develop plastics that can help stop the spread of infections in hospitals and other healthcare facilities, the cooperation wants to take advantage of the special features of nanoparticles.
Cummins Inc. and DuPont Company joined together in April 2020 to provide an antibacterial ingredient for N95 breathing masks. To create the material, they coupled DuPont Hybrid Membrane Technology with Cummins NanoNet and NanoForce Technology.
Key Target Audience
Antimicrobial Plastics Companies, Antimicrobial Plastics Technology Providers, Regulatory & Government Bodies, Upstream & Downstream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.