Antimicrobial Coatings Market Size To Reach USD 7.2 Billion
Pune, India, June 10, 2021 (GLOBE NEWSWIRE) – Global Antimicrobial Coatings Market Overview:
According to the Market Research Future (MRFR) assessment, the global antimicrobial coatings market is expected to grow at 6% CAGR during the assessment period. By 2027, the world Antimicrobial Coatings Market the value is expected to reach $ 7.2 billion by 2027 compared to $ 4 billion in 2019.
The expansion of the global antimicrobial coatings market can be attributed to the increase in renovation and construction activities, as well as their growing demand in the expanding healthcare industry. Antimicrobial coatings are used in HVAC to invest in maintaining air quality. Thus, the increasing demand for antimicrobial coating solutions to provide high quality protection against a wide range of pathogens and the increasing applications of CVC may support the market growth in the years to come.
Additionally, the growing awareness of the adverse effects of molds is expected to fuel the need for antimicrobial coatings that can benefit the market during the study period. The COVID-19 pandemic has boosted sales of antimicrobial products due to the inclusion of a robust disinfection regimen by people in their homes, and by various government and corporate organizations, as well as SMEs.
The increasing use of cash and the enforcement of strict government regulations are causes that may restrain the growth of the market.
Key Player Lock Horns:
The affluent suppliers in the global antimicrobial coatings market are:
- AK coatings
- Arch of Lonza
- PPG Industries
- Axalta Coating Systems
- RPM International Inc.
- Royal Dsm
- BASF SE
- Akzonobel SA
- Nippon Paint Company Ltd
- Diamond Vogel
- Trojan Society
- DOW chemical company
- The Sherwin-Williams Company
- Sono Tek Corporation
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The analysis of Antimicrobial Powder Coatings market segment is based on application and product. The product-based segments of the Antimicrobial Coatings market are Surface Modifications & Coatings and Antimicrobial Powder Coatings. Application-based antimicrobial coatings market segments are Antimicrobial Textiles, Indoor Air Quality, Mold Removal, Food, Healthcare, and Construction.
Better compatibility of antimicrobial coatings to generate profit
The availability of different types of antimicrobial powder coatings, such as; silver coatings and copper coatings have a wide range of applications in wealthy industries, such as; construction, health care, food and beverage, and automotive components, can support the resurgence of the market. Other applications of antimicrobial coatings are refrigerators, escalators, sterilization equipment, kitchenware and sinks, and household appliances. The increased consumption of antimicrobial powder coatings and their compatibility with different surfaces including metals, walls and polymers are expected to drive the market boom in the near future.
The surface modification and coatings segment is expected to expand rapidly in the coming years. These coatings are designed for E. Coli, Listeria and Pseudomonas microbes which are known to cause respiratory illnesses, food poisoning and skin infections. The fast reaction time, high efficiency, and low toxicity benefits offered by the surface modification antimicrobial coating are expected to strengthen the resurgence of the market in the near future.
Growing demand for solutions to maintain indoor air quality for the benefit of the market
The indoor air quality segment is expected to hold a decent market share in the global antimicrobials market. The increasing utility of antimicrobial coatings to maintain indoor air quality and their coatings applications in HVAC systems, vents, air filters and ductwork may support the market rise during the period. review.
Antimicrobial textiles segment is expected to generate high revenue by the end of the study period. This type of coating is applied to textiles or fabrics to prevent the build-up and build-up of fungi and bacteria. They are applied to textiles, such as; carpets, awnings, tents and patio furniture to prevent fading and degradation. Thus, high sales of textile antimicrobials can stimulate the market.
The mold removal segment is expected to show rapid growth during the review period. Antimicrobial coatings that are applied to kill mold and residual mold after pre-cleaning contaminated surfaces to prevent mold growth and harden surfaces. These coatings are used to prevent fungal infections on the surface due to wet and damp conditions.
The construction segment is expected to gain ground for antimicrobial coatings. The large-scale application of microbial coatings in the construction industry, such as; ceilings, doors and walls to avoid microbial contamination should support the market push in the near period.
Food: Antimicrobial coatings are widely used for fresh and processed fruits and vegetables due to their excellent film-forming properties and selective permeability. They are widely used in the catering industry in wrapping and wrapping applications.
Healthcare: Due to growing concerns about healthcare associated infections (HAIs), healthcare authorities are widely using antimicrobial coatings in their healthcare infrastructure. It is used on hospital beds, medical devices, doors and handles.
Browse the in-depth market research report (449 pages) at Antimicrobial coating: https://www.marketresearchfuture.com/reports/anti-microbial-coating-market-9636
FDA approvals of new solutions Approvals on strict safety guidelines to influence regional market progress
In North America, the United States is expected to prosper at a decent rate as the demand for antimicrobial coatings in the food and beverage industry is expected to increase. The presence of renowned regulatory bodies, such as the FDA, and the introduction of new antimicrobial coating solutions that comply with strict FDA regulations may benefit the market during the review period.
In Europe, increasing demand for antimicrobial coatings due to the development of health infrastructure, expansion of the food industry and increased R&D investment in the region is expected to contribute to regional growth.
In Asia Pacific, the antimicrobial market is expected to generate high income as healthcare spending increases and construction activity increases. The growth potential of different emerging economies, such as; Thailand, India, China, and Malaysia are on the rise, which in turn is expected to support the market during the analysis period.
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The antimicrobial coating market in the Middle East and Africa is expected to increase gradually as GCC countries invest in the establishment of a better healthcare setup. The Latin America market is expected to register a notable CAGR as the demand for antimicrobial coatings increases due to increased infrastructure development.
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