The Antimicrobial Plastic Market is projected to register a CAGR of 8.7% (between 2015 and 2020) and is expected to account for a market size of USD 16.17 Billion by 2020. The Asia-Pacific region is the largest market of antimicrobial plastic and is projected to retain this position over the next five years; this is due to the increasing plastic consumption and rapid urbanization, which is driving the demand for antimicrobial plastic in the Asia-Pacific region.
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The key driving factors of this market include the growing consumer awareness about health-related infections owing to the increasing medical cases of nosocomial infections and also the epidemic outbreaks of life-threatening diseases such as H5N1 Avian influenza and H1N1 Swine flu, in recent times. As a result, the consumer awareness pertaining to the importance of antimicrobials in plastic is growing at a rapid pace. The market is restrained, due to various factors, such as volatility in raw material process, which increases the overall cost of the existing products, majorly affecting the profit margins of the manufacturers.
The leading players in the market include the BASF SE (Germany), Bayer MaterialScience AG (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), Lonza Group AG (Switzerland), Microban International (U.S.), Parx Plastic BV (The Netherlands), King Plastic Corporation (U.S.), Biocote (U.K.), Milliken Chemical (U.S.), Sanitized AG (Switzerland), and PolyOne Corporation (U.S.).
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