Antimicrobial Coatings Market is expected to surge at a CAGR of 11.72% from 2018 to 2024

Knowledge Sourcing Intelligence announces the publication of a new report on "Antimicrobial Coatings Market - Forecasts from 2019 to 2024" to their offering. The global antimicrobial coatings market is projected to grow with a double-digit growth rate owing to the growing consumer awareness for the harmful effects of microbes in varied end-user applications.
This report provides forecast and analysis of the antimicrobial coatings market which is estimated to augment at a CAGR of 11.72%increasing from USD3.6 billion in 2018 to achieve a market size of USD7billion in 2024.

The market for antimicrobial coatings is anticipated to increase with the growing demand from the various end-user industry verticals. Additionally, it has been observed that investments in research and development have been made by the key market players in order to develop new products with the advancements in technology. Hence, this is further providing an opportunity for the market to grow at a significant pace during the forecast period and in the upcoming years.

Furthermore, the increasing geriatric population worldwide is also driving the growth of the global antimicrobial coatings market owing to the older age people being susceptible to infections faster due to reduced immunity. On the basis of industry vertical, the healthcare sector is predicted to grow with a major market share. This is due to the fact that keeping in view the safety of patients and medical professionals, a need has been realized for antimicrobial coatings in order to prevent the spreading of infections in hospitals and clinics. Additionally, in the construction sector, the use of antimicrobial coatings is providing an impetus for the market to grow in the forecast period. The market here shows promising aspects with the increasing demand for antimicrobial coatings for components and surfaces, therefore, preventing them from corrosion and other damages due to bacterial growth.

Geographically, the Americas region is expected to hold a significant market share due to the presence of key market players along with the early adoption of technology. On the other hand, the Asia Pacific region is poised to witness a high growth rate in the forecast period owing to the booming construction, healthcare, and food and beverage industries.

Some of the major players covered as part of the report are BASF SE, Akzo Nobel N.V., and Specialty Coating Systems Inc.

This report segmented the antimicrobial coatings market on the basis following terms:

o By Type
o Silver
o Copper
o Others

o By Industry Vertical
o Construction
o Food and Beverage
o Textiles
o Healthcare
o Others

o By Geography
o Americas
o North America
o South America
o Europe Middle East and Africa
o Europe
o Middle East and Africa
o Asia Pacific

Purchase complete report or request sample: www.knowledge-sourcing.com/report/antimicrobial-coatings-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.