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U.S. to majorly drive global Antimicrobial Coatings Market over 2019-2025
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Global Antimicrobial Coatings Market size produced higher than $2.5 billion revenue for 2015 and is projected to register CAGR of more than 10.1% during forecast timeline. Strong application overview in healthcare and medical equipment sector is predicted to propel global industry expansion.
Global antimicrobial coatings market contributed more than 25.1% to medical and healthcare segment for 2015 in terms of size. High end residential and commercial construction projects have witnessed an increase in product application which is aimed at reducing air pollution. The products can be included into producing materials and are utilized in conserving amount of air quality over a long period that can fuel industry expansion.
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.
Browse key industry insights spread across 240 pages with 288 market data tables and 28 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
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.
Table Of Content For This Research Report:
Chapter 4 Antimicrobial Coatings Market, By Application
4.1 Key application trends
4.2 Indoor Air Quality
4.2.1 Global antimicrobial coatings market from indoor air quality, 2014-2025, (Kilo Tons) (USD Million)
4.2.2 Global antimicrobial coatings industry from indoor air quality, by region, 2014-2025, (Kilo Tons) (USD Million)
4.3 Mold Remediation
4.3.1 Global antimicrobial coatings market from mold remediation, 2014-2025, (Kilo Tons) (USD Million)
4.3.2 Global antimicrobial coatings industry from mold remediation market, by region, 2014-2025, (Kilo Tons) (USD Million)
4.4 Medical/Healthcare
4.4.1 Global antimicrobial coatings industry from medical/healthcare, 2014-2025, (Kilo Tons) (USD Million)
4.4.2 Global antimicrobial coatings market from medical/healthcare, by region, 2014-2025, (Kilo Tons) (USD Million)
4.5 Antimicrobial textile
4.5.1 Global antimicrobial coatings market from antimicrobial textile, 2014-2025, (Kilo Tons) (USD Million)
4.5.2 Global antimicrobial coatings industry from antimicrobial textile, by region, 2014-2025, (Kilo Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/antimicrobial-coatings-market-report
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.
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