Press release
Antimicrobial Coatings Market (Covide19 Impact) to see 10.4% CAGR over 2020-2026 | AkzoNobel, BASF, DuPont, Dow, DSM, Sherwin-Williams, Sono-Tek Corp, AK Steel Corporation, Lonza
Antimicrobial Coatings Market
Rising awareness regarding adverse health effects of air pollution, passive smoking along with strict regulations regarding air pollution may foster product adoption. Asia Pacific antimicrobial coatings market size is estimated to exceed USD 1.6 billion in terms of annual valuation by the end of 2026 due to wide demographic changes, including industrialization, rising pollution, and prevalence of respiratory diseases across the region.
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Antimicrobial coatings are utilized in the food service sector to reduce the risk of contamination between vegetarian and non-vegetarian food items. Increasing focus on maintaining high quality standards in food service industry along with availability of high performance coatings to reduce the spread of diseases may bolster antimicrobial coatings market proliferation.
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
Copper antimicrobial coatings segment is set to grow at over 10.5% CAGR on account of growing cases of food poisoning in consumers along with rising demand for high performance solutions in food service and processing sector.
Antimicrobial membranes enhance the performance and efficiency of air filtration equipment, permeability along with offering comfort that makes it ideal for indoor air quality products. Increasing deployment of air purifier and air conditioning in the industrial sector across the region is likely to augment antimicrobial coatings market demand.
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The substances is experiencing Increasing utilization in healthcare sector. Huge investments are also made to reduce further propagation of COVID 19. Manufacturers are also sourcing local raw materials and experimenting with ferrous metals in an attempt to develop high performance coating offerings. Estimates suggests that global antimicrobial coatings market will exceed USD 6.3 billion by 2026.
Growing demand for high quality solutions to reduce surface transmissions of bacteria and pathogens will drive the demand for antimicrobial coatings. A rapid shift towards high performance solutions in the healthcare sector to reduce infectious diseases has been observed. The key factor fueling the demand for antimicrobial coatings market is the COVID-19 outbreak.
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