1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Antimicrobial Plastics Market?
The projected CAGR is approximately 7.5%.
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U.S. Antimicrobial Plastics MarketU.S. Antimicrobial Plastics Market by Additive (Inorganic, Organic), by Type (Commodity Plastics, Engineering Plastics, High-Performance Plastics), by Application (Medical & Healthcare, Packaging, Consumer Goods, Automotive, Building & Construction, Others), by Forecast 2025-2033
The U.S. Antimicrobial Plastics Marketsize was valued at USD 6.68 USD Billion in 2023 and is projected to reach USD 11.08 USD Billion by 2032, exhibiting a CAGR of 7.5 % during the forecast period. Antimicrobial plastics are made devices or surfaces by which they place the materials with additives or coatings that are automatically used to stop the production of microorganisms like bacteria, fungi, and molds. Antimicrobial plastics are such the kind of synthetic polymer that has an add-on antimicrobial agent to it; the microbes cannot try to grow so they can be bacteria, fungi, and molds as well. The positive effects involved in wiping out microbes are no doubt long-term and as well very effective. The Antibacterial Plastics Market in the US is projected to grow suddenly due to different factors. In addition to the medical sector, which is a major market, other forms of industry such as devices, packaging, and applications also significantly use the most complex materials.
Additives:
Type:
Application:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 7.5% from 2019-2033 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 7.5%.
Key companies in the market include BASF SE (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), DuPont de Nemours, Inc (U.S.), INEOS Group Limited (U.K.), Avient Corporation (U.S.), SABIC (Saudi Arabia), Palram Industries Ltd. (Israel), RTP Company (U.S.), Microban International, Ltd. (U.S.), King Plastic Corporation (U.S.).
The market segments include Additive, Type, Application.
The market size is estimated to be USD 6.68 USD Billion as of 2022.
Expanding Packaging Industry to Propel the Market Growth.
Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities.
Environmental Constraints to Hinder the Market Growth.
November 2021 – Sunbeam Products, Inc. and Microban International have announced a strategic partnership to develop a premium-quality product portfolio under the Calphalon brand to produce knife handles by innovating the Microban silver shield platform, which features product protection against microbes.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "U.S. Antimicrobial Plastics Market," which aids in identifying and referencing the specific market segment covered.
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