10% CAGR for Antimicrobial Plastic Market to 2020 - Analysis & Forecast For Types and Applications By Volume as Well as Value.
(PRWEB) April 20, 2015 -- The global antimicrobial plastics market is projected to reach around $3.6 billion by 2020 and register a CAGR of 10% between 2015 and 2020 in terms of value. The market for antimicrobial plastics is estimated to grow on account of growing plastic consumption primarily in Asia-Pacific and South America regions and also increasing use of antimicrobial packaging in food and pharmaceutical applications globally. The flourishing packaging and healthcare application in emerging economies and growing consumer awareness regarding health concerns are expected to act as budding opportunities for this market. Complete report is available at http://www.rnrmarketresearch.com/antimicrobial-plastic-market-by-type-commodity-engineering-and-high-performance-plastics-and-by-application-packaging-healthcare-construction-consumer-goods-automotive-and-others-global-t-market-report.html .
Antimicrobial plastics are polymers which are infused with antimicrobial agents or additives to reduce or constrain the growth of microorganisms such as algae, bacteria, and fungi on any plastic products to maintain hygiene and its increase shelf life. Antimicrobial plastics are used in a variety of applications ranging from healthcare, construction, packaging containers to consumer & electronics appliances, business machines and automotive parts.
The company profiled in Antimicrobial Plastic Market report includes AkzoNobel N.V. (The Netherlands), BASF SE (Germany), Bayer AG (Germany), The Dow Chemical Company (U.S.), Lonza AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Sanitized AG (Switzerland), Diamond Vogel (U.S.), The Sherwin-Williams Company (U.S.), and Momentive Performance Materials Inc. (U.S.) among others. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=355782 .
Country-wise, the U.S. is estimated to be the leading antimicrobial plastics market. Growth in Asia-Pacific is led by the rising demand from healthcare and packaging applications due to increasing population and improving standard of living of the people in the region. However, economic slowdown and absence of stringent regulations for using antimicrobial plastics in some regions are some of the major reasons restricting the growth of antimicrobial plastics globally.
The report analyzes the antimicrobial plastics market trends and forecasts till 2020. The market size has been provided in terms of market volume (kilotons) and value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, product portfolio, recent developments, and company strategy. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=355782 .
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