Transparency Market Research has published a new research report titled “Antimicrobial Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018” to their report store.
Albany, NY -- (SBWIRE) -- 12/16/2016 -- The top four companies in the global antimicrobial coating market – Sherwin Williams, AkzoNobel NV, Dow Microbial Control, and Diamond Vogel, accounted for 39% of the market in 2011. The market is characterized by the presence of a large number of small manufacturers. Despite the growth of the market at a healthy pace, the continued success and growth of the market is expected to be dependent on environmental sustainability, states a new report by Transparency Market Research (TMR). The market is also characterized by a high degree of patent protected technologies. Companies such as BASF Future Business GmbH and Medi-Solve Coatings LLC have collaborated in the field of antimicrobial coatings for catheters and other minimally invasive medical devices so as to expand their market penetration by developing innovative products.
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According to the report, the global antimicrobial coating market is expected to rise from US$2,369.2 mn in 2015 to US$3,329.8 mn in 2018. The indoor air quality segment is expected to lead in the market in 2018 on the basis of application, by accounting for 27.9% of the market. On the basis of geography, North America is expected to lead and account for 40.1% of the market by 2018. By product, surface modifications and coatings segment led in the past and is expected to retain its leadership over the market. The segment is anticipated to account for 54.6% of the market by 2018. The demand for surface modifications and coatings is rising owing to the convenience they offer and their ability to be rapidly applied over a range of surfaces. Moreover, they provide enhanced microbe protection at reasonable cost.
Need to Counter Infections Caused by Bacteria to Drive Demand for Antimicrobial Coatings in Medical Sector
The growing interest over medical device coatings since two decades have shaped the antimicrobial coating industry's development. Today, almost all medical devices make use of one or multiple types of coatings so as to counter infections and other ill-effects of bacteria that may cause medical complications. Thus, the market for antimicrobial coatings is continually growing. The need to minimize ill effects of indoor air pollution in industries, commercial buildings, and homes is also expected to drive the market for antimicrobial coatings. Furthermore, in countries such as the U.S., federal government recommends that homes be weatherized to reduce energy consumption and this also creates a need for the minimization of pollution from sources inside homes, thus driving the market.
Health Issues Associated with Use of Silver in Antimicrobial Coatings to Pose a Challenge
One of the key drawbacks of using silver in antimicrobial coatings is its high toxicity in case of localized burn wounds. The silver accumulated over wound dressings can causes acute argyria, which is discoloration of the skin. In addition to this, it has been found that silver nanoparticles can restrict healing of wounds in some cases as human skin when in contact with silver loses its ability to reproduce cells. Owing to these complications of silver nanoparticles in certain conditions, the market's growth is hindered.
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On a positive note, as per a TMR analyst, "Manufacturers in the market are attempting to adopt cost effective and unique technologies to enhance the efficacy of products and this is expected to create tremendous growth opportunities in the global antimicrobial coatings market."
This information is based on the findings of a report published by Transparency Market Research titled "Antimicrobial Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2012 - 2018."
The global antimicrobial coatings market is segmented as follows:
Antimicrobial coatings Market: Product Segment Analysis
Antimicrobial powder coatings
Surface modifications and coatings
Antimicrobial coatings market, by application
-Indoor air quality
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