U.S. Antimicrobial Plastics Market

U.S. Antimicrobial Plastics Market Outlook 2031

• The U.S. antimicrobial plastics market was valued over US$ 1 Bn in 2020
• It is estimated to expand at a CAGR of 5.5% from 2021 to 2031
• The U.S. antimicrobial plastics market is expected to cross the value of US$ 1.8 Bn by the end of 2031

Analysts’ Viewpoint on U.S. Antimicrobial Plastics Market Scenario

The growing usage of antimicrobial plastics for flooring, medical devices, car interiors, food packaging, and sports equipment and in various end-use industries such as building & construction, healthcare, automotive, electronics, etc. is expected to drive the market growth in the upcoming years. The increase in demand for transportation fuel and chemical intermediates in the U.S. is creating lucrative revenue opportunities for market players. Moreover, growth and advancement of the healthcare industry in the U.S. can be attributable to the rapid expansion of the U.S. antimicrobial plastics market. Companies in the U.S. antimicrobial plastics market are accelerating their product development and unlocking revenue opportunities to obtain competitive benefits. Increase in investments in R&D is also contributing to the market growth.

Increase in Applications of Antimicrobial Plastics in Various End-use Industries

There is a rising demand for antimicrobial plastics from various end-use industries such as medical & healthcare, food & beverages, automotive, commercial, building & construction, antimicrobial textiles, consumer electronics, etc. There are tremendous growth opportunities for manufacturers operating in the antimicrobial plastics market The increasing awareness about the benefits of antimicrobial plastics among consumers in the U.S. is driving market growth. The U.S. market is also driven by the rising applications of antimicrobial plastics in the packaging industry. Growth and advancement in healthcare industry is another major factor contributing to the market expansion for antimicrobial plastics.

Major players operating in the antimicrobial plastics market are investing and expanding their production capabilities in order to gain revenue benefits. Market players operating in the U.S. antimicrobial plastics market are adopting new technologies to provide quality products to their customers. The rising competition between market players to stay ahead of the competition is expected to boost the U.S. antimicrobial plastics market during the forecast period.

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Rise in Adoption of Antimicrobial Plastics Due to Excellent Properties

Antimicrobial plastics are widely accepted in various end-use industries, owing to their properties such as heat & chemical resistance, chemical stability, high dimensional stability, durability, and improved mechanical properties. The U.S. antimicrobial plastics market is significantly driven by rise in demand for antimicrobial plastics in various end-use industries such as building & construction, electronics & consumer goods, automotive, and packaging. There is an increasing use of antimicrobial plastics in food and cosmetics industries due to various benefits of these materials. Antimicrobial plastics offer sterility, convenience, ease of use, and cleanliness. Antimicrobial plastic is an affordable material that has the ability to kill the growth of microorganisms such as molds, viruses, algae, and bacteria.

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Revenue Opportunities for Manufacturers in Healthcare Sector

The tremendous growth of the healthcare industry is one of the key factors driving the U.S. antimicrobial plastics market. Countries in the U.S. are investing in healthcare to fulfill the rising demand for antimicrobial plastic materials. Rise in demand of advanced healthcare services, increase in prevalence of cardiovascular diseases, and growth in geriatric population in the U.S. are anticipated to drive the demand for medical devices. This, in turn, is likely to drive the market growth for antimicrobial plastics in the U.S.

The rapidly spreading coronavirus has increased the demand for antimicrobial plastics in the U.S. Antimicrobial plastics can be widely used in the production of medical devices such as tubing, connectors, syringes, and connectors, etc. Antimicrobial plastics are also used in dental surgeries, cubicle curtains, beds, nurse call systems, handrails, floors, door handles, pull cords, and case note holders. Increasing healthcare expenditure by the government, along with the rising adoption of products with antimicrobial plastics, is fueling the growth of the U.S. antimicrobial plastics market.

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Impact of COVID-19 on U.S. Antimicrobial Plastics Market

The antimicrobial plastics market is booming amid the coronavirus pandemic due to the increasing demand for antimicrobial plastics from various end-use industries in U.S. The coronavirus pandemic is responsible for the rising demand and supply of pharmaceutical products, medical devices, food packaging solutions, etc. Consistent efforts of manufacturers operating in the antimicrobial plastics market to fulfill the surging demand from healthcare, construction, packaging, and automotive industries is driving the U.S. market.

In addition, there is an increasing demand for antimicrobial plastics from electronics and textile industries. Research and development activities in antibacterial plastics being undertaken by key players are also expected to accelerate market growth in the upcoming years.

U.S. Antimicrobial Plastics Market: Overview

• Plastic is used as a substitute for conventional materials such as glass, wood, and metal. Antibacterial plastic has the ability to kill or prevent the growth of microorganisms such as molds, viruses, algae, and bacteria that can contaminate the plastic
• Demand for antimicrobial plastics is high, as they are long lasting, more hygienic to use, prevent biofilm formation, and protect against stain and bad odor
• Antimicrobial plastic is cost-effective as compared to normal plastic; hence, it is used in a variety of applications
• Increase in demand for antimicrobial plastics in the packaging and healthcare sectors, rapid urbanization, and rise in spending power are boosting the market. Increase in awareness about hygiene, improvement in lifestyle, and replacement of conventional materials by plastics are further driving the antimicrobial plastics market.
• According to Transparency Market Research’s latest research report on the antimicrobial plastics market for the forecast period of 2021 to 2031, rise in usage of antimicrobial plastics in general surgery devices and cardiovascular devices is a key factor that is expected to boost the U.S. antimicrobial plastics market during the forecast period

Increase in Usage of Antimicrobial Plastics in Packaging and Healthcare Industries: Key Driver of U.S. Antimicrobial Plastics Market

• Antimicrobial plastic packaging is widely utilized in the food & beverages industry, as it is preservative-free, requires minimal processing, and inhibits the growth of microorganisms. Thus, it extends the shelf life of perishable products. Rise in health awareness among consumers and the ascending need for products with longer shelf life have resulted in increased utilization of antimicrobial plastic packaging in the recent past. This trend is expected to continue during the forecast period.
• Increase in application of commodity plastic in packaging, consumer products, healthcare, and food and beverages industry is expected to drive the market during the forecast period
• The COVID-19 pandemic has positively impacted the demand for antimicrobial plastics in consumer goods applications. Consumer buying behavior is shifting toward products that are healthy, trustworthy, and environmentally sensitive. This shift in consumer buying behavior and structural change in the consumer goods industry are expected to augment the demand for commodity plastics with antimicrobial properties in consumer goods applications.
• Rise in demand for antimicrobial plastics in building & construction, healthcare, packaging, and automotive industries is also propelling the antimicrobial plastics market

Polyvinylchloride (PVC) Type Segment Dominates U.S. Antimicrobial Plastics Market

• Based on type, the polyvinylchloride (PVC) segment dominated the U.S. antimicrobial plastics market in 2020. This can be primarily ascribed to the increase in demand for polyvinylchloride (PVC) in antimicrobial plastics in various applications including building & construction, healthcare, packaging, and automotive.
• Polyvinyl Chloride (PVC) is the usually used thermoplastic polymer. It is naturally white in color and very brittle. It is a synthetic resin produced from the polymerization of vinyl chloride. PVC is formed by the polymerization of vinyl chloride monomer.
• Polyoxymethylene (POM) type of antimicrobial plastics is employed in limited applications. Therefore, the polyoxymethylene (POM) segment is likely to expand at a steady pace during the forecast period.

Sliver Inorganic Additive Segment Dominates U.S. Antimicrobial Plastics Market

• Based on additive, the silver inorganic segment dominated the U.S. antimicrobial plastics market in 2020. This can be primarily ascribed to the increase in demand for silver in antimicrobial plastics in various applications including medical devices, car interiors, and food packaging.
• Silver antimicrobial additives are a popular choice for plastics used in food production and medical equipment. Silver ion technology can be added to polymers in a various ways, most commonly through the incorporation of a masterbatch via a dosing unit on the injection or extrusion machine, in the same way other color or additive masterbatches are introduced to the polymer melt. Raw additive powder can be mixed with virgin polymer before it is introduced into the hopper.
• Thiabendazole additive of antimicrobial plastics is employed in limited applications. Therefore, the thiabendazole organic additive segment is likely to expand at a steady pace during the forecast period.

Healthcare End-use Segment Dominates U.S. Antimicrobial Plastics Market

• Based on end-use, the healthcare segment dominated the U.S. antimicrobial plastics market in 2020. High demand for advanced healthcare services owing to the availability of well-developed healthcare infrastructure, increasing incidences of cardiovascular diseases, and rising aging population across the world are anticipated to drive the demand for medical devices. This, in turn, is expected to have a positive impact on the demand for antimicrobial plastic in healthcare applications.
• Antimicrobial plastics are employed in limited applications in the commercial end-use sector. Therefore, the commercial segment is likely to expand at a steady pace during the forecast period.

Rise in Application of Antimicrobial Plastics in Medical Devices Application Segment

• In terms of value, the medical devices application segment is estimated to dominate the U.S. antimicrobial plastics market during the forecast period. Antimicrobial plastics are used in dental surgeries, hospitals, and care homes, primarily for products such as cubicle curtains, beds, nurse call systems, handrails, floors, door handles, pull cords, and case note holders.
• Antimicrobial plastics are used in the manufacture of medical devices such as tubing, connectors, syringes, and connectors, as well as a wide variety of molded parts
• Rise in investments in R&D in the healthcare sector has led to continuous product innovations. This has further boosted the demand for antimicrobial plastics.
• The sports equipment is likely to expand at a steady pace during the forecast period

U.S. Antimicrobial Plastics Market: Competition Landscape

• Detailed profiles of providers of antimicrobial plastics have been included in the report to evaluate their financials, key product offerings, recent developments, and strategies
• Key players operating in the U.S. antimicrobial plastics market are include
  • Microban International, Ltd.
  • Ray Products Company Inc.
  • DuPont De Nemours Inc.
  • Milliken & Company
  • Addmaster Ltd
  • Parx Materials NV
  • RTP Company
  • Condale Plastics
  • Advanced Plastiform, Inc.
  • King Plastic Corporation

U.S. Antimicrobial Plastics Market: Major Players

• Major providers of antimicrobial plastics, such as Microban International, Ltd., Ray Products Company Inc., DuPont De Nemours Inc., Milliken & Company, Parx Materials NV, and RTP Company are focusing on research & development, merger, joint venture, collaboration, and product innovation strategies
• In the U.S. antimicrobial plastics market report, we have discussed individual strategies, followed by company profiles of providers of antimicrobial plastics. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the U.S. antimicrobial plastics market.

U.S. Antimicrobial Plastics Market Snapshot

U.S. Antimicrobial Plastics Market – Segmentation

TMR’s research study assesses the U.S. antimicrobial plastics market in terms of type, additive, application, end-use, and country. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the U.S. antimicrobial plastics market.