Antimicrobial Powder Coatings Market to Reach $101.49B by 2028, Fueled by Healthcare Infrastructure Development

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.

Market Overview -
Antimicrobial powder coating refers to a process of fusing dry powder to the surface of the metal during the finishing procedure to obtain a hard finish that is more durable than regular paint with the anti-microbial capability to protect against microbes that cause odor, mildew, and spoilage on the product without high toxicity to humans and animals.

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The Surge In Antimicrobial Powder Coating Adoption For Medical Equipment
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.

Competitive Landscape -
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.

Rising Popularity Of Product Innovation In Antimicrobial Powder Coating Market
Product innovation is the key trend that is gaining popularity in the antimicrobial powder coating market going forward. 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 September 2023, Microban, a US-based company that specializes in antimicrobial technologies and odor control solutions, launched Ascera, a nature-inspired, patent-pending, next-generation antimicrobial technology. This innovative solution offers lifelong protection for olefinic polymers and solvent-based coatings. With its optimized processing, ease of incorporation, and effectiveness in providing long-lasting antimicrobial protection without heavy metals, Ascera is poised to revolutionize the antimicrobial powder coating market by providing an environmentally friendly and highly efficient solution for the industry.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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