Defending Surfaces: Exploring Innovations in Antimicrobial Powder Coatings Market || PPG Industries Inc., Sherwin-Williams Company, Akzo Nobel NV

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Antimicrobial Powder Coatings Global Market Report 2023 identifies the rising concern about the prevention of contamination risk in medical equipment is driving the growth of the antimicrobial powder coating market going forward. Contamination in medical equipment refers to the unintentional or inadvertent introduction of infectious material like bacteria, yeast, mold, fungi, virus, prions, protozoa, or their poisons and by-products on medical equipment that shows harmful effects on human health.For instance, according to the World Health Organization (WHO), a Switzerland-based agency of the United Nations responsible for international public health, in 2022 globally out of every 100 patients around 7 patients in high-income countries and 15 patients in low-and middle-income countries are contacted by at least one healthcare-associated infection (HAI) and on average 1 in every 10 affected patients dies due to HAI.

The global antimicrobial powder coatings market size is expected to grow from $1.56 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global antimicrobial powder coatings market is expected to grow to $2.71 billion in 2027 at a CAGR of 11.4%.

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Major competitors in the antimicrobial powder coatings market are PPG Industries Inc., Sherwin-Williams Company, Akzo Nobel NV, Axalta Coating Systems LLC, Berger Paints Ltd., Diamond Vogel.

A key trend in the antimicrobial powder coatings market includes product innovation. Major companies operating in the market are focused on research and development for product innovations to gain a competitive edge in the market. For instance, in May 2020, Akzo Nobel N.V, a Netherlands-based multinational company operating in paints and performance coatings for both industry and consumers applications, launched the D1000 and 2000 range of architectural powder coating with patented BioCote antimicrobial technology that can be used in building interiors to improve hygiene with increased protection against microbes such as bacteria and mold causing bad odors, staining or material degradation.

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The Antimicrobial Powder Coatings market is segmented -

1) By Product: Natural, Organic, Inorganic

2) By Additive: Silver, Zinc, Copper, Other Additive Type

3) By End-Use Industries: Healthcare, Textiles, Electrical and Electronics, Food and Beverages, Building and Construction, Other End-User Industries

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the antimicrobial powder coatings market share.

The Business Research Company's "Global Antimicrobial Powder Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Antimicrobial Powder Coatings Market Include:
1. Executive Summary
2. Antimicrobial Powder Coatings Market Characteristic
3. Antimicrobial Powder Coatings Market Trends And Strategies
4. Antimicrobial Powder Coatings Market - Macro Economic Scenario
5. Antimicrobial Powder Coatings Market Size And Growth
……………
27. Antimicrobial Powder Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Antimicrobial Powder Coatings Market
29. Antimicrobial Powder Coatings Market Future Outlook And Potential Analysis
30. Appendix

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