Antimicrobial Coatings (Antimicrobial Powder Coatings and Surface Modification & Coatings) Market for Indoor air quality, Mold remediation, Medical/healthcare, Antimicrobial textiles, Construction, Food and Other Application - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
Deerfield Beach, FL -- (SBWIRE) -- 11/11/2016 -- Zion Research has published a new report titled "Antimicrobial Coatings (Antimicrobial Powder Coatings and Surface Modification & Coatings) Market for Indoor air quality, Mold remediation, Medical/healthcare, Antimicrobial textiles, Construction, Food and Other Application - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020" According to the report, global antimicrobial coating market was valued at around USD 2.10 billion in 2014 and is expected to reach USD 5 billion in 2020, growing at a CAGR of around 9% between 2015 and 2020. In terms of volume, the global antimicrobial coating market stood at above 325.0 kilo tons in 2014.
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Antimicrobial coating provides protection to the surface or the product on which antimicrobial coating is applied. The coating which helps to kill, prevent, discourage or perform as a combination of the actions to lessen the growth of micro-organisms such as germs, viruses, bacteria, fungi & molds and parasites is called as antimicrobial coating. Antimicrobial coating possesses excellent abrasion & scratch resistance, heat resistance, chemical resistance, adhesion promoting surfaces etc., due to which it is used in many applications. Antimicrobial coating has been adapted to perform a dual role that is, to protect human beings from diseases causing micro-organisms and reduce risk of infections as well as protecting the application surfaces at the same time.
Antimicrobial powder coatings and surface modifications & coatings are the major product segments of antimicrobial coating market. Antimicrobial powder coatings are further segmented into silver and others segment. E. coli, listeria, pseudomonas and other are the sub segments of antimicrobial surface modifications & coatings. Surface modifications & coatings was the leading product segment, which accounted for over 50% share of total volume consumption in 2014. Antimicrobial powder coatings product segment expected to exhibit robust growth rate over the forecast period.
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Key application markets for antimicrobial coating includes indoor air quality, mold remediation, medical/healthcare, antimicrobial textiles, construction, food and other. Indoor air quality dominated the global antimicrobial coating market in 2014. Medical/healthcare was the second largest application segment in the antimicrobial coating market in 2014. The antimicrobial textiles, mold remediation, construction, food market witnessed a significant growth in the recent years and this growth is projected to persist in the coming years. Antimicrobial coatings are widely used in plastic packaging, as these offer abrasion & scratch resistance, heat resistance and chemical resistance.
Rapidly expanding market for indoor air quality products is the major driving factor for antimicrobial coating market. Increasing awareness about hospital-acquired infections is also expected to have positive impact on growth of antimicrobial coating market. Furthermore, rising use of additives and coatings in plastic packaging coupled with increasing demand of plastic packaging in different applications is expected to fuel the growth of this industry. However, environmental issues related to antimicrobial coating are expected to limit the growth of this industry. Additionally, huge untapped market for medical/healthcare industry is expected to offer growth opportunities to manufacturers.
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North America was the largest market for antimicrobial coating in terms of volume consumption and accounted for around 40% share of total volume consumption in 2014. Due to high importance given to medical and healthcare in general, the demand for antimicrobial coatings has been highest in North America. Asia-Pacific is the second largest market for antimicrobial coatings followed by Europe. Growing health awareness and changing consumer behavior is expected to drive the market in the region over the forecast period.
Global antimicrobial coating market is highly competitive, with the presence of well-established global market participants. AkzoNobel NV, BASF SE, Diamond Vogel Paints, Dow Microbial Control, E.I. du Pont de Nemours & Company (DuPont), Nippon Paint Co. Ltd., RPM International Inc., Royal DSM N.V., Sherwin-Williams Company, Sono-Tek Corporation, Troy Corporation, AK Coatings Inc. and Arch Lonza are some of the key vendors in the market.
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