Antimicrobial Coatings Market worth 4.19 Billion USD by 2021Growing demand from the medical and indoor applications in North America and Europe is expected to drive the antimicrobial coatings market.
North America had the largest demand for antimicrobial coatings in 2015. The region has rapidly growing end-user industries in the U.S. The growth is led by increased demand from the indoor air / HVAC and medical application segments. Regulations by governmental authorities and healthcare agencies is driving the antimicrobial coatings market in the region. The foods & beverages and textiles applications in the U.S. and Canada are also supporting the market growth of antimicrobial coatings.
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Antimicrobial coatings find usage in applications such as, indoor air / HVAC, medical, mold remediation, building & construction, foods & beverages, textiles, and other applications (consumer products, packaging, and so on).
The medical application accounted for the largest share of the overall antimicrobial coatings market and this trend is projected to continue throughout the forecast period. Antimicrobial coatings are used in medical products, devices, and surfaces in medical facilities to prevent the spread of infections. Medical is also anticipated to be fastest growing application segment during the forecast period.
Indoor air / HVAC was the second largest application segment of antimicrobial coatings in 2015. Antimicrobial coatings are used in heating, ventilation, and air conditioning, or HVAC. These systems regulate the temperature and indoor air quality, and maintain comfortable and safe atmospheric conditions in buildings. Air filters built into these systems reduce the effect of airborne diseases.
The mold remediation, building & construction, and foods & beverages application segments are expected to grow at moderate rates from 2016 to 2021.
Companies are carrying out intense research & development activities to innovate and develop new products which can open new avenues of applications. Developments are taking place in medical applications leading to the further penetration of antimicrobial coating applications.
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Some of the key players in the market are, AkzoNobel N.V. (Netherlands), BASF SE (Germany), Diamond Vogel (U.S.), Axalta Coating Systems (U.S.), Nippon Paint Company Ltd (Japan), PPG Industries Inc. (U.S.), Royal DSM (Netherlands), RPM International Inc. (U.S.), The Dow Chemical Company (U.S.), The Sherwin-Williams Company (U.S.)
Key Target Audience:
Raw material suppliers
Antimicrobial coatings manufacturers
Companies in end-use industries such as medical, indoor air / HVAC, building & construction, foods & beverages
Government & industry associations
Scope of the report:
This research report categorizes the global antimicrobial coatings market on the basis of application, type, and region.
On the basis of Application:
Indoor air / HVAC
Building & construction
Foods & beverages
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