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The worl antimicrobial plastics market is sustaining its growth momentum in the next five years, according to a recent report by Research and Markets. In the report, the antimicrobial plastic market is predicted to register a CAGR of 7.7%, by volume, in the next five years, to reach 5,657.6 KT by 2020.
Health care is the key application of antimicrobial plastic, followed by packaging and consumer goods. This application accounted for 40.0% share of the market in 2014. Health care and packaging applications of antimicrobial plastic are projected to witness the highest CAGR of 7.8%, each, by volume, between 2015 and 2020. Other important applications are in consumer goods, automotive, and construction.
The report covers the antimicrobial plastic market and its trends for types, such as commodity plastic, engineering plastic, and high performance plastic. Commodity plastics are widely used in a wide range of applications such as packaging, pharmaceuticals, and automotive due to their chemical and physical properties, which make it suitable for use in the antimicrobial plastic market. This is followed by engineering plastic and high performance plastic. Commodity plastic accounted for 60.0% share of the market in 2014. The engineering plastic segment is projected to witness the highest CAGR of 7.8%, by volume, between 2015 and 2020.
Some of the prominent companies in the market include BASF SE (Germany), Bayer MaterialScience AG (Germany), The Dow Chemical Company (U.S.), Clariant AG (Switzerland), Lonza Group AG (Switzerland), 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.). These key players account for a significant share in the antimicrobial plastic market.
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