Repeated use of plastics causes the growth of harmful bacteria and the addition of antimicrobial substances in plastics helps destroy or control this growth. Antimicrobial plastics have many applications and are used in various industries such as building and construction, personal care, healthcare, sportswear, automotive, waste bins, consumer and electronic appliances, and packaging.
The research report studies the structure and elements of the antimicrobial plastics market and offers a comprehensive overview of the global and domestic market segments. It determines the forces that drive and inhibit the growth of the antimicrobial plastics market and evaluates the significance and impact of each. The report also discusses the opportunities available in the market, emerging trends, and profitable segments of the overall antimicrobial plastics market.
Overview of the global antimicrobial plastics market
The global antimicrobial plastics market has many factors working in its favor. The demand for antimicrobial plastics in the healthcare and medical industries has surged in recent years thanks to the rise in consumer awareness about hygiene. After the outbreak of the H1N1 flu (swine flu) in 2009 and the spread of nosocomial infections in many parts of the world, people have understood the significance of antimicrobials in plastics, helping propel the market. Antimicrobial polymers possess numerous favorable properties such as durability, transparency, higher antimicrobial activity, and hardness. These polymers turn out to be more cost-effective and eco-friendly than others, and customers as well as manufacturers have realized the benefits they impart.
The use of plastics has grown tremendously in Asia-Pacific and large-scale plastic manufacturers have been using antimicrobial additives in many products such as bottles, medical equipment, and food packaging. This has lent a significant boost to the antimicrobial plastics market.
On the flip side, recession and slowing economies in most parts of the globe has adversely affected the antimicrobial plastics market. Furthermore, the absence of strict regulations regarding the use of antimicrobial components in plastics in Latin America and Asia-Pacific has allowed many manufacturers to deal in malpractices and compromise on efficiency. This has hampered the growth of the antimicrobial plastics market.
Companies mentioned in the research report
The competitive landscape of the antimicrobial plastics market is bifurcated into those that manufacture antimicrobial plastics and those that only manufacture antimicrobial additives. BASF, Ticona Engineering Polymers, Bayer Material Science, Teknor Apex Company, Momentive Performance Materials, and Doeflex Vitapol are some of the companies dealing in the production of antimicrobial plastics. Troy Corporation, Clariant, and Arch Chemicals are a few of the leading manufacturers of antimicrobial additives. Both sets of companies have been focusing on product innovation and developing cheaper solutions to gain a competitive edge over others.
The research report studies the growth and development of these market players and discusses the various driving and restraining forces that impact the functioning of individual companies. The report also includes a list of recent developments, mergers and acquisitions, and product portfolios of the key antimicrobial plastics market players.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.