The antimicrobial coatings market is projected to reach USD 4.19 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021. Growing demand from the medical and indoor applications in North America and Europe is expected to drive the antimicrobial coatings market. Antimicrobial coatings find usage in applications such as, indoor air / HVAC, medical, mold remediation, building & construction, foods & beverages, textiles, and other applications (consumer products, packaging, and so on).
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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 medical application due to growing awareness and per capita healthcare expenditure is driving global antimicrobial coatings market.
Issues related to demonstration of efficacy and functionality of antimicrobial coatings is a major restraining factor in antimicrobial coatings market.
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Key Target Audience
- Refrigeration oil manufacturers, dealers, and suppliers
- Government bodies
- Raw material suppliers
- Industry associations
- Consulting companies/consultants in the chemical and material sectors
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.
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North American region is estimated to be 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. Growth in the medical devices, building architecture, indoor air / HVAC systems, and other applications have increased the demand for antimicrobial coatings.
The break-up of primary interviews is given below.
- By Company Type - Tier 1 – 37%, Tier 2 – 47%, and Tier 3 – 16%
- By Designation - C level – 46%, Director level – 36%, and Others – 18%
- By Region - North America – 26%, Europe – 30%, Asia-Pacific – 22%, Middle East & Africa – 9%, and South America –13%.
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.
Connect for More Details for More Information “Antimicrobial Coatings Market by Type (Silver, Copper), Application (Indoor Air / HVAC, Medical, Mold Remediation, Building & Construction, Foods & Beverages, Textiles) - Global Forecast to 2021” report @ www.rnrmarketresearch.com/contacts…ount?rname=135114 .
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.
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