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Antimicrobial Powder Coatings Market Research With Size, Growth, Key Players, Segments And Forecast To 2033

Antimicrobial Powder Coatings Market

Antimicrobial Powder Coatings Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2098

The Business Research Company presents an extensive market research report on the Antimicrobial Powder Coatings Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The antimicrobial powder coatings market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to growing awareness of hygiene standards, stringent regulatory requirements, health concerns and pandemic preparedness, demand in consumer goods, prevention of microbial growth.

The antimicrobial powder coatings market size is expected to see rapid growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to healthcare infrastructure development, expanding food and beverage industry, rising demand in residential construction, preventive measures in public spaces, increased use in transportation. Major trends in the forecast period include integration in building and construction materials, consumer goods and household applications, automotive interior surfaces and components, advancements in formulations for prolonged efficacy, regulatory compliance and certification standards.

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Key Market Players:
Major companies operating in the antimicrobial powder coatings market report are BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Royal DSM N.V., Akzo Nobel N.V., ICL Advanced Additives Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., Axalta Coating Systems LLC, Troy Corporation, Berger Paints Ltd., IFS Coatings, IGP Pulvertechnik AG, Teknos Group Oy, DuPont Microbial Control, Gebr. Mankiewicz & Co. GmbH & Co. KG, Diamond Vogel, Aerowood Powder Coating Limited, Microban International Ltd., Protech Group, Sono-Tek Corporation, Rapid Engineering Co Pvt. Ltd., Cupron Inc., Lonza Group AG, Tulip Paints, Pulver Kimya San. ve Tic. A.Ş., Kastus Technologies Ltd., Topo Powder Coating Co. Ltd., Thermaset Ltd., BioCote Ltd., SANITIZED AG, Hydromer Inc.

Market Drivers:
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. Hospitals, surgical centers, and dental offices frequently employ antimicrobial powder coating to cover medical equipment such as hospital beds, wheelchairs, handrails, lifts, trolleys, and others with a protective layer that comes in contact with patients that are prone to bacteria, viruses, and parasites, as well as mold or mildew to reduce the risk of hospital-acquired infections. 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. Therefore, the rising concern about the prevention of contamination risk in medical equipment is expected to propel the growth of the antimicrobial powder coating market going in the coming years.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/antimicrobial-powder-coatings-global-market-report

The antimicrobial powder coatings market covered in this report 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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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