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Worldwide Antimicrobial Coatings Market Top Key Industry Players: BASF, AzkoNobel, royal DSM, DuPont, Dow Chemicals, RPM, Nippon Paint, Sherwin-Williams, Arch Lonza, Troy and Sono-Tek
Antimicrobial Coatings Market
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Silver antimicrobial powder coating may register gains close to 10% by 2024. Supporting regulatory norms regarding silver as effective and safe antimicrobial agent along with various manufacturers engaged in developing abrasion resistance coating with silver ions may boost product demand thereby promoting industry growth.
Need for product development and innovation along with rising health concerns regarding silver usage may act as a major limiting factor for industry growth. However, increasing application scope as coating and adhesive in plastic packaging is likely to drive antimicrobial coating demand.
In the U.S., stringent regulations are imposed by regulatory bodies like FDA, to reduce infection risks in food industry, which require use of these coatings. Rise in applications in food, medical and indoor air quality should fuel the demand. Medical tourism market in India exceeded USD 2 billion in 2015. This is due to rise in demand for new technologies in health care devices should boost the growth of antimicrobial coatings market.
In Brazil, mold remediation applications growth rate is expected to exceed 9% by 2023. Regulatory policies regarding control of VOCs emissions coupled with growth of construction sector is anticipated to drive the antimicrobial coating market. Advancements in tourism industries of UAE, Saudi Arabia and Qatar resulted in infrastructural development for hotels should fuel the antimicrobial coatings market growth. Increase in consumption of antimicrobial surface coating product in paint industry should fuel the demand.
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Antimicrobial coatings market by product
• Antimicrobial powder coatings
• Silver
• Copper
• Other
• Surface modifications and coatings
• E. Coli
• Listeria
• Pseudomonas
• Others
Antimicrobial coatings market by application
• Sanitary facilities and kitchen
• Air conditioning and ventilation systems
• Food processing and packaging
• Antimicrobial textile
• Mold remediation
• Construction
• Other applications
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Increasing consumer health awareness towards well sterilized medical equipment to reduce hospital acquired among patients may act as a major driving factor for antimicrobial coating market. Shift in consumer preference towards healthy lifestyle along with growing demand for sportswear & apparels with antimicrobial properties may boost product demand.
Worldwide antimicrobial coatings market is fragmented. Some of the prominent companies include BASF, AzkoNobel, royal DSM, DuPont, Dow Chemicals. Other key players include RPM, Nippon Paint, Sherwin-Williams, Arch Lonza, Troy and Sono-Tek. Regional small scale suppliers and producers also witness appreciable market share. Development of distribution channels to provide regional exposure through retailers, supermarket, convenience stores and online portals will fuel the growth.
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