Antimicrobial Coatings Market Prediction by 2024 – Worldwide Top Players Analysis, Demand and Trends in 2019
Based on application, the global antimicrobial coatings market is fragmented into medical, indoor air quality, buildings and construction, textiles, mold remediation, cosmetics and personal care, food and beverages, and agricultural products. Indoor air quality leads the market and is also growing with the highest rate under the applications of the market, due to the fact that major cause of disease in human beings is the bad quality of indoor air.
The massive problem in the modern society is the increasing number of diseases, which are caused due to microorganisms. The growing microbial resistance against antibiotics, metal ions, and development of resistant strains has forced the coating manufacturers to seek alternative to traditional coatings. To develop new coatings with different formulations such has antibacterial and anti odor properties, the companies are following the regulatory standards defined by Environmental Protection Agency (EPA) and other environment care agencies. Hence, increasing demand of these coatings owing to growing number of diseases is forming a major driver for the antimicrobial coatings market.
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Medical is the biggest end use of antimicrobial coating. These are extensively used in the catheters, medical devices, medical electronics, and trays among others. The demand for these coatings is increasing due to the rising demand from North America and Europe, where governments are creating greater awareness about these coatings in the medical industries. Governments in all the countries are focusing on the requirement of decreasing hospital acquired infections, which is a major concern in recent years. This is expected to act a lucrative opportunity for the antimicrobial coatings market.
Some of the major players operating in the global antimicrobial coatings market are DowDuPont Inc., BASF SE, Nippon Paint Company Ltd., AkzoNobel N.V., The Sherwin-Williams Company, PPG Industries Inc., RPM International Inc., Diamond Vogel Paint Company, Koninklijke DSM N.V., and AK Coatings Inc.
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