How will the healthcare applications impel Antimicrobial Coatings Market trends over 2020-2025?

Increasing product consumption across healthcare establishments owing to the rising number of hospitals and medical centers has been driving antimicrobial coatings market size. Contamination of medical equipment can lead toward life threating conditions, on the grounds of which the product finds major application in the healthcare sector for surgical bandages, masks, gloves, wound dressings and other hospital equipment.

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Rising awareness concerning the treatment advances complemented by growing private and government investments toward healthcare industry are expected to accelerate antimicrobial coatings market trends. Countries such as India, China and South Korea have been witnessing immense traction on account of the improved healthcare services which has been driving the APAC industry outlook.

Sharp increase in medical expenditure owing to rise in per capita income coupled with growing number of geriatric populations will augment demand for healthcare services, further boosting the antimicrobial coatings market demand. According to research report by Global Market Insights, Inc., antimicrobial coatings market size will exceed USD 5.5 billion by 2025.

Antimicrobial powder coatings market held a major revenue share of over 42% of the global market in 2015. The growth is attributed to the potent use of product that hinders microbial growth. These powdered products are manufactured from different ingredients such silver, bronze, titanium dioxide and copper, which are known to arrest the proliferation of microbes. So, they are predominantly used for sterilizing various equipment used in hospital settings.

Along with this, the product also finds extensive applicability to treat shopping carts in retail stores, escalators, elevators, various kitchen wares, food processing equipment, refrigerators, storage cabinets, shelves etc. Owing to a broad application spectrum, U.S. silver antimicrobial powder coatings market experienced a significant product consumption of about 35 kilo tons in 2018.

China has been experiencing the deterioration of air quality pertaining to the rising emissions, which has in turn fueled the proliferation of ACs and air purifiers. These antimicrobial coatings when used with these devices tend to prevent the propagation of microbes through the air. Shifting preferences toward improving indoor air quality is expected to drive the domestic demand. Apparently, China antimicrobial coatings market size from indoor air quality application segment exceeded USD 75 million in 2018.

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The product is widely deployed to stop the spread of stubborn molds housing different surfaces which results in strong odor and impacts the aesthetics of the hosted material. Pertaining to the same, it is used to maintain surface hygiene in several places such healthcare facilities, catering accommodations, washrooms and many more vulnerable places with damp indoors. Apart from affecting the aesthetics, the consistent prevalence of mold can also lead to adverse health effects such as coughing and wheezing. Antimicrobial coatings market from mold remediation application is projected to witness significant gains with over 10.5% CAGR worldwide during the forecast period.

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