US Antimicrobial Plastics Market Share

US Antimicrobial Plastics Market Overview

US Antimicrobial Plastics Market Size was valued at USD 7.2 Billion in 2022. The antimicrobial plastics industry is projected to grow from USD 7.79 Billion in 2023 to USD 14.634 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). The market is growing as a result of market drivers like rising spending power, fast urbanization, and increased demand from the packaging and healthcare sectors. The market for antimicrobial plastics is also driven by rising hygiene awareness, bettering lifestyles, and plastics replacing conventional materials.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Antimicrobial Plastics Market Trends

• Growing Demand from the Automobile Industry for the Product to Boost the Market Growth

The use of plastic and composite materials with antibacterial and self-cleaning qualities in car interiors may be crucial to maintaining occupant safety and health. In addition to creating nanoscale architectures, significant touch-point elements could be embedded with metal nanoparticles like copper, zinc oxide, silver, or titanium oxide. These nanoparticles could be used to destroy and fragment bacteria and virus particles entrenched in seat textiles and other surfaces. It's also possible that these materials are imbedded in the linings of seat covers, which are removable for cleaning. Furthermore, the goal of technology development at US manufacturers is to lower the number of germs on the outside surfaces and components of cars. Suppliers are developing paints and coatings using natural antibacterial polymers or silver particles. These elements will support the expansion of the US antimicrobial plastics market in the US automobile sector.

Medical devices require antimicrobial plastics because they stop bacteria from sticking to the surfaces of instruments, apparatus, and implants. These antimicrobial plastics prevent the growth of dangerous microorganisms that can cause illnesses, such as methicillin-resistant Staphylococcus aureus and carbapenem-resistant Enterobacteriaceae. Because of growing healthcare expenses and population expansion, emerging countries have a larger need to create hospitals and clinics. This is expected to increase demand in these areas for high-tech medical devices and equipment. For instance, the US GDP and National Health Expenditures (NHE) are expected to expand by 5.1% annually until 2030, according to the Centers for Medicare & Medicaid Services (CMS). Consequently, increasing use of antimicrobial polymers in medical devices is anticipated to boost the market expansion in the upcoming years. Thus, driving the antimicrobial plastics market revenue.

Antimicrobial Plastics Market Segment Insights

Antimicrobial Plastics Additive Insights

The US Antimicrobial Plastics market segmentation, based on additive includes Inorganic (Silver, Zinc, Copper) and Organic (ОВРА, Triclosan). The inorganic segment dominated the market mostly due to the country's growing use of additives containing silver. Incorporating silver ions, an appropriate inorganic antibacterial plastic component, into a variety of thermoplastic materials helps inhibit the growth of bacteria & fungus that flourish on different surfaces. Common inorganic elements like copper, silver, and zinc can be processed into antimicrobial polymers to provide packaging that is safe for consumers. In the next years, the market will expand at a faster rate due to consumers' increased preference for sanitary packaging.

Antimicrobial Plastics Type Insights

The US Antimicrobial Plastics market segmentation, based on type, includes Commodity Plastics (PP, PE, PVC, PS, PMMA, PET, PUR) and Engineering Plastics (ABS, PC, PA, POM, Others). The commodity plastics category generated the most income. Due of their affordable pricing and superior mechanical qualities, commodity plastics are the market leader. The polymer industry typically uses them, and they are composed of polypropylene, polyethylene, and polyvinyl chloride. The increasing use of plastics in packaging for products like electronics, medications, and food and drink is the main factor driving demand for common plastics.

Antimicrobial Plastics Application Insights

The US Antimicrobial Plastics market segmentation, based on application, includes Packaging, Medical & Healthcare, Automotive, Building & Construction, Consumer Goods, and Others. The medical & healthcare category generated the most income due to the healthcare industry's ongoing need and advantageous government regulations, and it might continue to grow steadily throughout the ensuing ten years. Antimicrobial additives, which come in a range of forms, protect medical equipment from hazardous microorganisms by stopping, stifling, and opposing their growth. This might potentially hinder the market's growth during the projected period.

Figure 1: US Antimicrobial Plastics Market, by Application, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Antimicrobial Plastics Country Insights

The US market is anticipated to grow significantly during the forecast period as a result of a rise in demand for non-residential building projects including hospitals, schools, and other institutions. The "Affordable Healthcare Act" was introduced in the US, which has spurred the construction of hospitals and other healthcare facilities. The construction industry's need for antimicrobial polymers is anticipated to rise in tandem with population growth, as more offices, industrial buildings, schools, and other institutions are built. Additionally, during the course of the forecast period, the National Infrastructural Protection Plan (NIPP), one of the government's supportive programs for domestic infrastructure development in the United States, is anticipated to propel market growth. Thus, this is anticipated to propel the expansion of the antimicrobial plastics market in the area. Furthermore, the need for antimicrobial plastic is anticipated to be driven by a robust production base of prominent cosmetics manufacturers in the United States, such as Unilever, Johnson & Johnson, and Procter & Gamble. Antimicrobial plastic is predicted to find more applications due to US government initiatives to reduce carbon footprint through the use of eco-friendly products over the forecast period.

Antimicrobial Plastics Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the antimicrobial plastics market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, antimicrobial plastics industry must offer cost-effective items.

Major players in the antimicrobial plastics market are attempting to increase market demand by investing in research and development operations includes DuPont De Nemours, Inc. (US), Microban International (US), BASF SE (Germany), Sanitized AG (Germany), Biocote Limited (UK), Avient Corporation (US), and King Plastic Corporation (US).

Key Companies in the antimicrobial plastics market include

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  DuPont De Nemours, Inc. (US)

  
  


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  Microban International (US)

  
  


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  BASF SE (Germany)

  
  


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  Sanitized AG (Germany)

  
  


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  Biocote Limited (UK)

  
  


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  Avient Corporation (US)

  
  


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  King Plastic Corporation (US)

  
  

Antimicrobial Plastics Industry Developments

August 2020: The United States business A. Schulman, which specializes in tailored plastic compounds, was purchased by LyondellBasell Industries N.V. The goal of the acquisition was to increase LyondellBasell's market penetration and product line in the worldwide plastics sector.

Antimicrobial Plastics Market Segmentation

Antimicrobial Plastics Additive Outlook

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  Inorganic

  
  
  
  
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    Silver

    
    
  
  
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    Zinc

    
    
  
  
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    Copper

    
    
  
  
  
  


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  Organic

  
  
  
  
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    ОВРА

    
    
  
  
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    Triclosan

    
    
  
  
  
  

Antimicrobial Plastics Type Outlook

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  Commodity Plastics

  
  
  
  
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    PP

    
    
  
  
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    PE

    
    
  
  
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    PVC

    
    
  
  
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    PPMMA

    
    
  
  
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    PET

    
    
  
  
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    PUR

    
    
  
  
  
  


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  Engineering Plastics

  
  
  
  
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    ABS

    
    
  
  
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    PC

    
    
  
  
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    PA

    
    
  
  
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    POM

    
    
  
  
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    Others

    
    
  
  
  
  

Antimicrobial Plastics Application Outlook

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  Packaging

  
  


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  Medical & Healthcare

  
  


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  Automotive

  
  


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  Building & Construction

  
  


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  Consumer Goods

  
  


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  Others