The antimicrobial coatings market is projected to reach USD 4.19 billion by 2021, at a CAGR of 12.1% from 2016 to 2021 & antimicrobial coatings are a type of powder coatings that are used to prevent microbial growth on surfaces and thus prevent the spread of infections.
Active ingredients and resins are the main constituents of these coatings. With the same physical and performance characteristics as standard coil coatings, antimicrobial coatings are available in polyester, urethane, epoxy, acrylic, and PVDF paint systems.
Antimicrobial coatings are finding increased usage in various applications such as, indoor air / HVAC, medical, mold remediation, building & construction, foods& beverages, textiles, and other applications. Increasing demand from the medical application due to the growing awareness and per capita healthcare expenditure is driving the global antimicrobial coatings market.
Issues related to the demonstration of the efficacy and functionality of antimicrobial coatings is a major restraining factor in the antimicrobial coatings market.
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The use of silver antimicrobial coatings in all applications is growing very fast. Efficient, flexible and the use of their germicidal properties against a wide variety of microbes are driving the demand for this product type.
Silver antimicrobial coatings release silver ions over a period at a slow rate, which prevents microbial growth.
Study on Antimicrobial Coatings, has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (37%); Tier 2 (47%) and other (16%) companies were contacted for interviews.
The interviews were conducted on Antimicrobial Coatings with various key people such as C level (46%), Director Level (36%) and other (18%) from various key organizations.
The primary interviews were conducted worldwide covering regions such as North America (26%), Europe (30%), Asia-Pacific (22%), Middle East & Africa (9%), and South America (13%).
Complete report on Antimicrobial Coatings Market spread across 235 pages, profiling 10 companies and supported with 152 tables and 27 figures is now available at www.rnrmarketresearch.com/antimicr…arket-report.html
Medical is estimated to be the fastest growing application segment of the antimicrobial coatings from 2016 to 2021.Medical is projected to be the largest application, owing to the increased demand for use against hospital acquired infections in the healthcare industry. Growing awareness and increasing stringent regulations requiring the use of antimicrobial coatings in healthcare applications in developed countries are projected to drive the medical application at a high rate during the forecast period.
The North American region is estimated to be the largest and the fastest-growing market for antimicrobial coatings. The high growth rate in the region is due to the increasing demand from the U.S., which is estimated to be the largest market for antimicrobial coatings in the North American region, followed by Canada and Mexico.
The U.S. is also estimated to be the fastest-growing market in the region. Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.
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The companies profiled in this market research report are,
- AkzoNobel N.V.(Netherlands),
- BASF SE (Germany),
- Diamond Vogel Paint Company (U.S.),
- Axalta Coating Systems (U.S.),
- Nippon Paint Company Ltd (Japan),
- PPG Industries Inc. (U.S.),
- Royal DSM (Netherlands),
- RPM International Inc. (U.S.),
- The Dow Chemical Company (U.S.), and The Sherwin-Williams Company(U.S.),among others.
This research report categorizes the global antimicrobial coatings market on the basis of application, product type, and region. The report includes detailed information regarding the major factors influencing the growth of the global antimicrobial coatings market such as, drivers, restraints, challenges, and opportunities.
The detailed analysis of key industry players provides insights into business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and recent developments associated with the market.
On a related note, another research titled Report: Hard Coatings Market by Material Type (Nitrides, Oxides), Application (Cutting Tools, Decorative Coatings), Deposition Technique (PVD and CVD), End-Use Industry (General Manufacturing, Transportation), and by Region - Global Forecast to 2026 sharing details such as The global hard coatings market is projected to reach USD 1,351.3 million by 2026, at a CAGR of 8.0% from 2016 to 2026. Now available at www.rnrmarketresearch.com/hard-coa…arket-report.html
Growth of the market is due to increasing applications, technological advancements, and growing demand for hard coatings in regions such as Asia-Pacific and the Middle East & Africa. Hard coatings is largely used in cutting tools application.
In addition, rising awareness about the benefits of hard coatings is also fueling the demand. The deposition techniques for applying hard coatings require huge investments and are capital intensive in nature.
These factors act as the most important restraints for the growth of the hard coatings market.
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