Antimicrobial powder coatings market may grow significantly and exceed to USD 3.5 billion by 2024.

Sellbyville, DE -- (SBWire) -- 11/22/2018 --Antimicrobial Coatings market may surpass USD 7.2 billion by 2024 according to this new research report. Increasing consumer health awareness towards well sterilized medical equipment to reduce hospital acquired among patients may act as a major driving factor for antimicrobial coating market. Shift in consumer preference towards healthy lifestyle along with growing demand for sportswear & apparels with antimicrobial properties may boost product demand.

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Favorable regulatory guidelines by OSHA and EPA regarding maintaining indoor air quality in working environment may fuel product demand. Rapid urbanization and transportation has led to environmental degradation along with rising infections due to microbial accumulation in air and HVAC systems is likely to drive industry growth.

Antimicrobial powder coatings market may grow significantly and exceed to USD 3.5 billion by 2024. Strong application scope in construction industry dye to low VOC content along with easy application and durability may propel industry growth. Rise in powder coating demand in hospitals, medical implants owing to bio compatibility and increasing hospital acquired infections may act as a major contributing factor towards industry growth.

Silver antimicrobial powder coating may register gains close to 10% by 2024. Supporting regulatory norms regarding silver as effective and safe antimicrobial agent along with various manufacturers engaged in developing abrasion resistance coating with silver ions may boost product demand thereby promoting industry growth.

Need for product development and innovation along with rising health concerns regarding silver usage may act as a major limiting factor for industry growth. However, increasing application scope as coating and adhesive in plastic packaging is likely to drive antimicrobial coating demand.

U.S antimicrobial coatings Market is estimated to reach up to USD 2.5 billion by 2024. Increasing difficulties in inhibiting cross transmission of pathogens in hospital environment along with rising health care spending and emphasis on hospital hygiene may drive regional industry growth.

Asia Pacific led by India, Japan and China antimicrobial coating market may grow significantly and account for over 10% by 2024. Positive outlook towards textile, construction and healthcare industry owing to rising economic standards may fuel product demand in this region.
Germany antimicrobial coatings Market is anticipated to reach up to 7.5% by 2024. Government initiatives to maintain indoor air quality due to prevailing respiratory diseases may propel industry growth in this region.

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Antimicrobial coating market from food industry may account gains up to 12% by 2024. Shift in consumer preference towards packaged foods due to changing dietary habits along with effective distribution network promoting easy availability of food products may favor industry growth. Presence of various prominent manufacturers engaged in producing GRAS approved surface coating for food packaging may act as another driving factory towards industry growth.

Global antimicrobial coatings market share is competitive and moderately concentrated. DuPont, AkzoNobel, DSM, BASF, Dow Chemical Company, Sherwin Williams, Arch Lonza and Diamond Vogel Paints are some of the major players in the industry.

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