Posted on 29 Jan 2019
According to a new report by EMR titled, ‘Global Antimicrobial Coating Market Report and Forecast 2019-2024’, the global antimicrobial coating market is expected to see a robust growth with a CAGR of 9.4% in the period between 2019-2024 and is projected to attain a volume of 843 kilo million tons.
In 2015, the demand for antimicrobial coating was the highest in North America. The region, especially the US, continues to be a major driver of the global antimicrobial coating market because of favourable government policies along with the increasing demand for antimicrobial coatings for medical and indoor air/HVAC applications. It is proving particularly popular in the healthcare and food processing sectors which require sterile surroundings as it prevents pathogen growth.
In the last few years, governments globally are attempting to combat hospital acquired infections, introducing strict regulations promoting the use of antimicrobial coatings to prevent infections. The antimicrobial coating market is especially thriving in North America and Europe due to such government regulations and an increased awareness of antimicrobial coatings in the medical and healthcare sector. Thus, antimicrobial coatings are used in the production of catheters, medical devices and electronics, among other products in the healthcare industry.
The growth of the global antimicrobial market is aided by the increasing concerns about the air quality in countries like USA, China and India driving the demand for indoor air purifying products. China and India, especially, are the emerging markets for antimicrobial coatings in their application in the indoor air quality sector due to growing health concerns about the rising air pollution.
Market Analysis by Type, Product, Application and Region:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/antimicrobial-coating-market
Key Findings of the Report:
Key Offerings of the Report:
Akzo Nobel NV, BASF SE, Diamond Vogel, Sherwin Williams Company, DOW Chemical Company, Axalta Coating Systems Limited, Nippon Paint Company Limited, and DSM NV are the major players in the global antimicrobial market that have been analyzed by EMR. The EMR report provides a detailed insight into the latest developments in the competitive landscape of the global antimicrobial coating market including plant turnarounds, expansions of capacity, and mergers and acquisitions.
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Antimicrobial coatings are largely non-toxic, bio-compatible and bio-stable, which forms another dimension driving market growth.
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