Antimicrobial Powder Coatings Market Was Valued at USD 1,637.2 Million in 2021 Owing to Increased Demand For HVAC Systems

According to Precision Business Insights (PBI) latest report the global antimicrobial powder coatings market is valued at USD 1,637.2 million in 2021. Global antimicrobial powder coatings market segmented into following types: By Type (Inorganic, Organic and Natural), By End-User Industry (Healthcare, Textiles, Electrical and Electronics, Food & Beverages, Building & Construction, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East Africa) Forecast to 2028. Key player's profiles in the antimicrobial powder coatings market report are AkzoNobel, The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries, Nippon Paint Holdings, DuPont de Nemours, Diamond Vogel Paints. Antimicrobial coatings are predicted to have increased demand due to their high strength, corrosion resistance, durability, aesthetics, and ease of application. Consumer knowledge of the adverse effects of mold, particularly in damp locations, and shifting attitudes about aesthetic features in the building, may boost market demand. The high cost of goods is a significant growth constraint. Antimicrobial coatings are more expensive than regular coating products. Consumer preferences in underdeveloped countries are primarily determined by product pricing. Furthermore, the market's expansion is being hampered by the need for specialized workers to apply antimicrobial coatings.

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Silver-Based Antimicrobial Coatings Segment Dominates the Antimicrobial Powder Coatings Market:
The silver-based antimicrobial coatings segment is predicted to be the largest antimicrobial coatings market by type. Because of its outstanding efficacy, low toxicity, long-lasting effect, and durability, silver has a leading market position. The growth in demand can be attributed to growing order from the medical and healthcare, food and beverage, and other industrial sectors to ensure worker safety and hygiene and prevent the transmission of COVID-19 virus, bacteria, and other pathogens regularly touched surfaces.

North America Leads Antimicrobial Powder Coatings Market:
North America is likely to witness growth at a CAGR of over XX% by the end of 2026, owing to increasing demand for high-quality home mold remediation solutions. Tough winter climatic conditions in North America and increasing concerns about reducing dampness and mold in homes, are likely to boost product demand. These products limit the growth of mold even in snowy and moisture-laden conditions. Asia Pacific ranks second in terms of CAGR after North America. The robust manufacturing base of the packaging products industry in China, Japan, and India, coupled with increased sales of e-commerce and packed food products, is anticipated to augment the market growth shortly. Furthermore, the government of India's favourable policies, such as Foreign Direct Investment (FDI) and Make in India program, are likely to provide sufficient growth prospects for the worldwide antimicrobial powder coatings market.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global antimicrobial powder coatings market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In November 2021, DuPont announced a series of actions advancing its strategy as a premier multi-industrial company focused on market-leading high-growth, high-margin businesses with complementary technology and financial characteristics. In April 2020, Diamond Vogel introduces Diamond Fleet®, a two-component single stage topcoat designed for OEM fleet and fleet refinish applications. Diamond Fleet is an acrylic polyester urethane that exhibits exceptional urethane toughness, extended gloss and color retention, and excellent chemical and abrasion resistance. Diamond Fleet takes advantage of Diamond Vogel's new color intermix capabilities providing customers with unlimited color possibilities.

Detailed Segmentation:
Based on the Type, the market is segmented into the following:
• Inorganic
• Organic
• Natural

Based on the End-User Industry, the market is segmented into the following:
• Healthcare
• Textiles
• Electrical and Electronics
• Food & Beverages
• Building & Construction
• Others

Based on the geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA
• Rest of MEA

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