2019 World Antimicrobial Coatings Market Outlook, Size, Status, and Forecast to 2024

Axiom MRC added a report on Antimicrobial Coatings Market the report offers changing market dynamics in the antimicrobial coating industry, presenting historical, current and projected market size in terms of value (USD Million) and volume (KT)

Antimicrobial coatings are the antimicrobial agent that restricts the growth of microorganisms on the surface of the material. In antimicrobial coating, a chemical compound which is toxic to microorganisms is applied to the surface which protects it from various harmful microorganisms. Healthcare industry is the most common application of the antimicrobial coating. Apart from the healthcare industry, antimicrobial surfaces have been utilized for their ability to keep surfaces clean.

The global antimicrobial coating market is primarily driven by factors such as government regulations for public health protection, rising urban population, and increasing end-user industry including steel, furniture, and domestic users. One of the major trends which will influence the antimicrobial coating market during the forecast period is the significant shift of consumers towards the use of UV care coating and environmentally friendly coatings. However, the excessive cost associated with the manufacturing of antimicrobial coating and the fact that the efficiency of the antimicrobial coating degrades over a period is the major factor hindering the growth of the market.

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Global Antimicrobial Coating Market Growth Analysis:
The global antimicrobial coating market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the market. The report analyses the antimicrobial coatings market by product type into silver, copper, polymeric, organic and other. Other products include zinc-oxide, zirconium, titanium dioxide, and zinc omadine. The silver coating segment dominated the global antimicrobial coating market and accounted for the highest market share in terms of value. Moreover, this segment is expected to grow at a faster pace during the forecast period owing to high antimicrobial properties of silver and less rate of adverse effect on human.

Antimicrobial Coating Market by Applications:
The global antimicrobial coating market is categorized into Indoor air / HVAC, medical, mold remediation, building & construction, foods & beverages, textiles, and other applications. Others include marine and home appliances. Amongst all major application, the medical application segment dominated the antimicrobial coating market in 2017 and is projected to grow at the high pace during the forecast period. The growth of the segment can be attributed to rising demand for antimicrobial coating from the healthcare sector for medical devices coating of catheters, medical electronics, and other medical devices. Additionally, increasing consumer health consciousness and rising demand from residential and commercial construction sector are further anticipated to boost the market growth.

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Antimicrobial Coating Market by Geography:
North America, Europe, Asia Pacific, and Middle East & Africa. North America comprises the United States, Canada, and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under the Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In the Middle East & Africa, South Africa and Rest of MEA are the key countries covered in the report. In 2017, North America dominated the global antimicrobial coating market, followed by the Asia Pacific and Europe. Rising healthcare expenditure among consumers coupled with strict government regulation are the prominent factors driving the antimicrobial coatings market in North America.

The Leading Companies of Global Antimicrobial Coatings Market Include:
Akzonobeln.V., BASF SE, Diamond Vogel, Axalta Coating Systems, Nippon Paint Company Ltd, PPG Industries, Royal DSM, RPM International Inc, The DOW Chemical Company, The Sherwin-Williams Company, AK Coatings, Inc, AST Products, Inc, Biointeractions Ltd, Covalon Technologies Ltd, etc.

Key Questions Answered in Report: –
•What is the future scope of global Antimicrobial Coatings Market up to 2024?
•What are the challenges to market growth?
•Who are the key vendors in the global Antimicrobial Coatings Market?
•What will the market size and the growth rate be in 2024?
•What are the key market trends impacting the growth of the global Antimicrobial Coatings Market?

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