Gulf Cooperation Council Antimicrobial Plastic Market Size & Outlook
Gulf Cooperation Council antimicrobial plastic market, 2019-2030 (US$M)
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Gulf Cooperation Council antimicrobial plastic market highlights
- The Gulf Cooperation Council antimicrobial plastic market generated a revenue of USD 1,250.8 million in 2022 and is expected to reach USD 2,092.7 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, commodity plastics was the largest revenue generating product in 2022.
- Engineering Plastics is the most lucrative product segment registering the fastest growth during the forecast period.
Antimicrobial plastic market data book summary
| Market revenue in 2022 | USD 1,250.8 million |
| Market revenue in 2030 | USD 2,092.7 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Commodity plastics |
| Fastest growing segment | Engineering Plastics |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Commodity Plastics, Engineering Plastics, High Performance Plastics |
| Key market players worldwide | Basf SE, Covestro AG, Palram Industries (1990) Ltd, Clariant AG, Sanitized, Lonza Group Ltd, INEOS, Milliken & Company, Biocote, Microban International, DuPont de Nemours Inc, Miller Waste Mills, Parx Materials N.V., Ray Products, King Plastic Corporation |
Other key industry trends
- In terms of revenue, Gulf Cooperation Council accounted for 3.1% of the global antimicrobial plastic market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Gulf Cooperation Council antimicrobial plastic market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,092.7 million by 2030.
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Antimicrobial Plastic Market Scope
Antimicrobial Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Gulf Cooperation Council antimicrobial plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to antimicrobial plastic market will help companies and investors design strategic landscapes.
Commodity plastics was the largest segment with a revenue share of 65.79% in 2022. Horizon Databook has segmented the Gulf Cooperation Council antimicrobial plastic market based on commodity plastics, engineering plastics, high performance plastics covering the revenue growth of each sub-segment from 2019 to 2030.
The demand for antimicrobial plastics in GCC countries is expected to be driven by the rapid population growth, high incidences of lifestyle-related disorders, and ambitious healthcare infrastructure development. The demand for superior-technology medical devices is expected to increase significantly, leading to a rise in the demand for antimicrobial products.
Steadily improving access to quality medical technologies and the incorporation of safe surgical practices in developing countries such as the UAE and Saudi Arabia are some of the other major factors that are likely to boost the demand for medical devices as well as antimicrobial plastics.
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Target buyers of Gulf Cooperation Council antimicrobial plastic market databook
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Our clientele includes a mix of antimicrobial plastic market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council antimicrobial plastic market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council antimicrobial plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council antimicrobial plastic market size, by product, 2019-2030 (US$M)
Gulf Cooperation Council Antimicrobial Plastic Market Outlook Share, 2022 & 2030 (US$M)
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