Global anti-microbial coatings market is expected to reach USD 5.30 Billion by 2022, growing at a CAGR of 11.7% between 2017 and 2022
Sarasota, FL -- (SBWIRE) -- 07/21/2017 -- Zion Market Research has published a new report titled "Anti-Microbial Coatings Market (Antimicrobial Powder Coatings and Surface Modifications & Coatings) for Indoor Air Quality, Medical/Healthcare, Mold Remediation, Textiles, Construction, Food and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022". According to the report, the global anti-microbial coatings market accounted for USD 2.74 Billion in 2016 and is expected to reach USD 5.30 Billion by 2022, growing at a CAGR of around 11.7% between 2017 and 2022.
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The global anti-microbial coatings market is expected to witness significant growth over the forecast period on account of the increasing demand from the healthcare sector. Anti-microbial coatings are used to prevent the growth of microorganisms on the surface. It either destroys the microorganism or prevents its growth. The stringent regulations on the healthcare sector to use anti-microbial coatings are expected to be a major driver for the anti-microbial coatings market within the forecast period. Demand from high-end commercial and residential construction projects is also expected to aid the growth of the anti-microbial coatings market in the coming years. However, the quality regulations and health issues connected to the use of silver are expected to restrain the growth of anti-microbial coatings market within the forecast period. Technological advancements in order to improve efficiency and quality are expected to open new avenues of opportunities in the coming years.
Among the products, surface modification & coatings segment accounted for the largest market share in 2016 and is expected to grow at a significant rate. These are continuously being developed for certain surfaces to combat the presence of E. Coli and other bacteria. The anti-microbial powder coatings segment is expected to witness significant growth and this can be attributed to its applications in medical care, sanitation, steel furniture industry and domestic appliances.
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Indoor air quality was studied as the most dominant application segment in 2016 accounting for the largest share of the global anti-microbial coatings market. Initiatives are being taken by the regulatory bodies in order to educate the people about indoor air quality is expected to drive the demand for anti-microbial coatings for indoor air quality improvement within the forecast period. Medical/Healthcare segment accounted for the second largest market share of anti-microbial coatings in 2016 and is expected to grow in light of stringent regulations mandating the use of anti-microbial coatings on medical devices, equipment etc. Mole remediation segment is also expected to witness significant growth owing to the regulations to prevent the use of VOCs.
In terms of geography, North America was the largest market for anti-microbial coatings in the world in 2016 due to the stringent regulations encouraging the use of anti-microbial coatings. North America is also expected to be the fastest growing market for anti-microbial coatings within the forecast period.
The key players operating in the global anti-microbial coatings market are Microban International Ltd., Cupron Inc., Specialty Coatings Company Inc., AK Coatings Inc., HaloSource Inc., Dow Microbial Control, AcryMed Inc., Alistagen Corporation, AEGIS Environments, Sciessent LLC, BBJ Environmental Technologies Inc., EnviroCare Corporation, Fosters Products Corporation, Fiberlock Technologies Inc., Sports Coatings, Lonza Group Ltd., Semprus Biosciences Corporation, Troy Corporation and Sureshield Coatings Company.
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This report segments the global anti-microbial coatings market as follows:
Global Anti-Microbial Coatings Market: Product Segment Analysis
- Anti-Microbial Powder Coatings
- Surface Modification & Coatings
Global Anti-Microbial Coatings Market: Application Segment Analysis
- Indoor Air Quality
- Mold Remediation
Global Anti-Microbial Coatings Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa