Antimicrobial Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 02/10/2015 -- The antimicrobial coatings market manufactures products/coatings that, when applied to a surface, transform it into a material that can fight the existence of microbes such as mold, fungi and bacteria for a long duration at a time. There are certain surfaces in every possible place inhabited by living organisms (humans, animals, plants, etc.) where the growth and colonization of microbes occurs every passing moment.
The market for antimicrobial coatings provides the people coming in contact with these surfaces the flexibility to integrate antimicrobial protection onto the existing surfaces and make them safer, and more protected from unwanted foreign agents.
Antimicrobial coatings also curtail the process of deterioration or malfunction of surfaces by inhibiting the growth of molds and fungi, thus playing an important role in safeguarding, or even extending to a larger extent, the life of a variety of commodities around us.
Global Antimicrobial Coatings: a Brief Overview
The market for antimicrobial coatings is an important market for numerous applications in industries such as commercial, consumer, construction, textile, and healthcare industries. Demand for effective antimicrobial coatings has always remained good in the market. Now that the world is becoming more concerned about a number of newly discovered microbe-borne diseases, disposable incomes are rising across the globe, and hygiene is becoming increasingly a global trend, the global demand for antimicrobial coatings is expected to significantly mount in the coming years.
Analysts state that the global market for antimicrobial coatings was worth US$1.6 billion in 2012 and has prospects of growing at a CAGR of 12% through 2018, allowing the market to reach a net worth of US$3.3 billion by 2018. Volume-wise demand for antimicrobial powdered coatings is expected to increase at a CAGR of 9.1% by 2018.
While historically much of the demand for antimicrobial coatings has come from the North American market, developing countries from the Asia-Pacific region present significant growth opportunities for the market for future years.
Antimicrobial coatings market: Whom does it serve?
The market for antimicrobial coatings produces certain species of microbes with the capability of inhibiting growth of unwanted microbes, or active metals/nonmetals and chemicals with antimicrobial properties in the form of powders or liquids. The market serves industries such as paints and coatings, additives, pigments, and other varieties of staple chemicals, healthcare, pharmaceuticals, food and beverages, and construction, among others.
Antimicrobial coatings are commonly used for purposes such as qualitative improvement of indoor air, protecting products and surfaces from growth of mold and degradation, resisting odor in textiles, and developing an inhospitable environment for microbes in medical textiles, wound dressing or mobile medical workstations, etc.
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Trends affecting antimicrobial coatings market growth
In the past few years, the global antimicrobial coatings market has observed significant demand for products that can eradicate possibilities of indoor air pollution. The closed or poorly ventilated indoor environments of most commercial, educational, medical or domestic settings these days hardly leave any scope for free circulation of natural air in these places. This has made indoor air pollution a pressing issue for the health of inhibitors of such areas. Thus, demand for antimicrobial coatings capable of improving quality of indoor air is continuously rising at a good pace for the past few years. According to market analysts, the demand for antimicrobial coatings will increase at a CAGR of 12.8% for this application area through the year 2018.
However, factors such as health issues pertaining to the continuous use of active silver, issue of absorption of nanoparticles through the skin, which may also lead to complex health conditions, and stringent government regulations regarding the accurate definition of these substances are some factors that may negatively affect the market's growth in the coming years.
Antimicrobial coatings: A highly fragmented marketplace
The global market for antimicrobial coatings features a large number of international businesses operating amid intense competition. Some of the key companies in the marketplace include Dow Microbial Control, BBJ Environmental Technologies, AEGIS Environments, Microban International, Ltd., Alistagen Corporation, AcryMed, Inc., Semprus Biosciences Corporation, Sports Coatings, Lonza Group Ltd., Fiberlock Technologies, Inc., Cupron, Inc., EnviroCare Corporation, Specialty Coatings Company, Inc., Troy Corporation, Sureshield Coatings Company, AK Coatings, Inc., Sciessent LLC, Inc., Fosters Products Corporation, and HaloSource Inc.
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