Antimicrobial Coatings Market Overview :
Increasing concerns for cleanliness in end use industries is estimated to propel market demand for Antimicrobial Coatings Market. Owing to rising concerns in human being for acquired infections from medical equipment in hospitals, the demand for antimicrobial coatings is bolstering the medical industry. Antimicrobial coatings are nowadays replacing powerful cleaning chemicals, and disinfectants used in the medical industry. Surgical equipments in healthcare is prominently driving the demand of antimicrobial coatings in the healthcare industry. Antimicrobial coatings are used to inhibit the spread of germs and bacteria among medical professionals and patients. Growing per capita spending on healthcare is estimated to fuel antimicrobial coatings demand in the healthcare industry. Increasing stringent regulation for medical device coatings is anticipated t to propel market demand for antimicrobial coating s demand in the healthcare industry.
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Apart from the healthcare industry, the food processing industry is another major end-user of the antimicrobial coatings market. Increasing production is fueling the overall demand for antimicrobial coatings across the globe. Growing disposable income and, food demand are the major factors driving global antimicrobial coatings demand in food processing industry.
Apart from healthcare & food processing industries, construction, textile, and marine industry are estimated to be the end-use industries driving demand for antimicrobial coatings across the globe. Recently, there is an upsurge in demand from residential and commercial buildings is observed. The antimicrobial coatins are used in residential and commercial buildings in order to minimize indoor air pollution. Growing concerns for maintaining indoor air quality is catalyzing market demand mainly in developed markets in Europe & North America. Need to preserve materials for prolong periods during transportation, and stringent regulations are estimated to be the major driving factors for global antimicrobial coatings market
Among different materials used in antimicrobial coatings namely, silver, copper, organic, and polymeric silver materials are widely used in various industries. Moreover, in near future, the materials are anticipated to witness increased growth.
Based on geography, the global market is classified as North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. Among various regions, North America and Europe are the leading regions in terms of market share the high market share in the region is attributed to the high per capita spending in healthcare and food. Asia-Pacific is estimated to be the emerging market with the highest growth rates.
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Competitive landscape
The major key players in the Anti-Microbial market are:
- AK Coatings
- Akzonobel N.V.
- Arch Lonza
- PPG Industries
- Diamond Vogel
- Nippon Paint Company Ltd
- Royal Dsm
- RPM International Inc.
- Sono Tek Corporation
- The DOW Chemical Company
- The Sherwin-Williams Company
- Troy Corporation
- Axalta Coating Systems
- BASF SE
Industry/ Innovation/ Related News
Jan 2017: Kastus technologies, an Irish startup launched two antimicrobial coatings products. The first start-up company recently attracted high investment to produce and market its products. The product launch has highlighted the focus of startup on product innovation. It’s a relatively new entrant in the market and high focus on innovation.
Feb 2017; Foster Corporation launched a new microbial masterbatch coat for the medical device industry. The company has introduced a novel product that can be blended with medical device polymers and is marketing under brand name Combat. The development is in line with the overall market trend to focus on innovation to cater prominent end-use industry.
Sept 2016; BASF SE, one of the leading chemical company launched antimicrobial admixture for concrete protection under the brand name, ‘Masterlife AMA 100’. The development underlines the focus on the manufacturers for providing application-specific products. The market leader is expected to stimulate the interests of followers for providing application specific products.
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Regional analysis
The major regions in the Anti-Microbial coating market are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to register the highest Anti-Microbial coating market share due to the new rules in the food segment. The market in the Asia-Pacific region is increasing at a rapid speed, and it is expected to register the highest CAGR in the Anti-Microbial coating market due to the growing healthcare and construction sector. Europe will also witness a huge growth in the market due to the increasing healthcare infrastructure, expanding food industry. The market in the Middle East & Africa will grow due to the rising healthcare expenditure. Latin America will also be expected to moderate the demand for Anti-Microbial coating due to the increasing infrastructural development in this region.
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