Top Scenario: Antimicrobial Coatings Market by Key Players: Akzo Nobel NV, BASF SE, Dow DuPont, AK Coatings, Inc., Biointeractions Ltd., PPG Industries Inc., Lonza Group Ltd. and Covalon Technologies Ltd.
Antimicrobial Coatings Market is generated $3.3 billion in 2017 and is anticipated to grow at a CAGR of 9.4% during the forecast period.
Antimicrobial Coatings Market have witnessed global growth on account of intense demand in the medical sector. Healthcare-related infections have been major cause of mortality and morbidity in the current scenario and a daunting challenge for the health centers & hospitals. Antimicrobial Coatings are the promising and potential weapon against the bacterial growth in this sector and have witnessed many different technologies and chemical strategies.
Antimicrobial Coatings Market have also witnessed rising growth in other end-uses such as HVAC, where these are applied on vents and other mechanical surfaces. Antimicrobial Coatings have numerous uses in food processing & packaging, where food industry manufacturers use these to increase the shelf life of the products. With the increase in disposable income, fast-paced lifestyle of consumers, and the risen demand for ready-to-consume food products, the food industry has found many applications for Antimicrobial Coatings.
The industry is also inclusive of some constraints which might lead to growth hindrance, if not handled wisely. Besides all the beneficial effects of theses coatings, their applications together with different methods of cleaning in healthcare settings, may result in significant changes in the emission of toxic agents into the surroundings. The active ingredients from the emissions are likely to enter the environment slowly and have adverse impact.
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Antimicrobial Coatings Market is also subjected to regulatory standards for the quality of the products. The manufacturers of antimicrobial coatings have to conduct full toxicity testing, including environmental as per the Central for Disease Control (CDC) guidelines. Moreover, these manufacturers have to collaborate to develop clinically significant testing methods and align marketing and sales claim with EPA (Environmental Protection Agency) FIFRA.
Competitive Landscape and Key Vendors: -
North America has witnessed the highest demand for the Antimicrobial Coatings Market and holds the largest regional market share. The United States continues to spend substantially more on healthcare relative to other nations in the region and world and is the reason for the region’s medical segment growth. The market is highly competitive and consolidated with few players holding larger market size.
Some of the industry players for Antimicrobial Coatings Market include: -
Akzo Nobel NV
PPG Industries Inc.
Lonza Group Ltd.
Covalon Technologies Ltd.
TOC of Antimicrobial Coatings Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Antimicrobial Coatings Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
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