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Antimicrobial Coatings Market to grow at 10% CAGR till 2024 | Sherwin-Williams, AK Steel Corporation, Lonza, RPM International Inc., Troy Corporation, AkzoNobel, BASF, DuPont, The Dow Chemical Company, DSM

Antimicrobial coatings market

Antimicrobial coatings market

Antimicrobial Coatings Market forecast to grow over 10% CAGR and to reach USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising concern about prevention of contamination risk in medical equipment should fuel the antimicrobial coatings market growth. Increasing rate of infections through medical instruments in hospitals has led to pretreat these medical devices. Currently, more than 90% of the hospital instruments are treated prior to use to prevent hospital acquired infections (HAI). Growth in medical expenditure coupled with advancement in health improving devices should boost the antimicrobial coatings market demand.

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U.S. antimicrobial coatings market size was estimated to be worth more than USD 640 million in 2015. Key benefits achieved through applications of antimicrobial coatings include control in growth of microorganisms like parasites, bacteria, and viruses which further leads to minimization of contamination.

Antimicrobial powder coatings are manufactured using ingredients like bronze, silver, titanium dioxide and copper. Most widely used ingredient is silver, being costlier than other ingredients, may impact the pricing trends and profit margins of manufacturers. Antimicrobial powder coatings market share accounted for over 42% of total market in 2015. It finds wide range of applications in sterilization equipment used in hospitals, shopping cart in retail outlets, escalators and elevators, kitchen ware, food processing equipment, refrigerators, steel storage cabinets, kitchen sinks and steel shelving. Widening consumption should drive the antimicrobial powder coatings market.

Even though there is increase in growth rate, continual growth is dependent on development of ecofriendly products and price trend. Key market players in paint industries are focused on expansion of current product portfolio with implementation of low VOC content products.

Growth in food industry in France, Germany and UK should drive the regional market growth. Europe antimicrobial coatings market is forecast to grow at over 7% and exceed revenue wise USD 1.4 billion by 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. AkzoNobel
2. BASF
3. DuPont
4. The Dow Chemical Company
5. Diamond Vogel
6. Nippon Paint (Pakistan) (Pvt) Ltd
7. RPM International Inc.
8. DSM
9. Sherwin-Williams
10. Sono-Tek Corp.
11. Troy Corporation
12. AK Steel Corporation
13. Lonza

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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.

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.

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

Browse key industry insights spread across 130 pages with 90 market data tables & 12 figures & charts from the report, “Antimicrobial Coatings Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/antimicrobial-coatings-market-report

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org/

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