Global Antimicrobial Coating Market Key Insights:
- Coating Types: Silver, Copper, Zinc, Chlorine
- Market Performance & Price Trends 2018
- Market Analysis & Outlook 2019-2024
- Demand by Application & Region
- Capacity Addition & Plant Turnarounds
Global Antimicrobial Coating Market Outlook
Antimicrobial coatings inhibit growth of pathogens such as virus and bacteria on surfaces due to which they are consumed in large quantities by healthcare and food processing industries. Healthcare and food processing industries have to ensure sterile environments, and the expansion of both sectors over the years has driven the market towards growth. By 2024, the Global Antimicrobial Coating Market is expected to attain a volume of 843 Kilo MT at a CAGR of 9.4%.
Increasing demand of high-quality internal air purifying products, specifically in the USA, should support the market. The medical and healthcare industry has seen maximum application of antimicrobial coatings on surgical devices. Governments in almost all countries are enforcing regulations to reduce hospital and food acquired infections; this has provided additional impetus to the market. Growing concerns about air quality and demand for HVAC systems is also likely to give the market a boost.
The indoor air quality sector is likely to be a significant market driver in years to come, especially in nations like India and China where air pollution is fast becoming a major health concern. Antimicrobial coatings are largely non-toxic, bio-compatible and bio-stable, which forms another dimension driving market growth. The key driver of the market is prevention of infection related with surgical devices or those implanted in patients’ body. Other major consumers include textiles, marine, and construction and building industries.
Global Antimicrobial Coating Market Segmentation
- Metallic: (silver, copper, other)
- Non-metallic: (polymeric and organic)
- Orthopedic implants
- Cardiac implants
- Neurovascular implants
- Dental implants
- North America
- Asia Pacific
- Latin America
- Middle East
- Medical and healthcare
- Mold remediation
- Indoor air quality
- Water treatment
Global Antimicrobial Coating Market Analysis
North America has been the major driver of the market owing to expanding end user segments such as indoor air / HVAC and medical application, and government regulations. Food & beverages and textile segments in Canada and USA would also push the market. Countries like China and India are also expected to drive the market during the period 2019-2024 due to increased consumer affordability and rising concerns about air quality.
Silver based antimicrobial coatings have been used widely and are expected to continue to grow in market share due to silver’s toxicity to various pathogens.
The report presents detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the market:
- Akzo Nobel NV
- BASF SE
- Diamond Vogel
- Sherwin Williams Company
- DOW Chemical Company
- Axalta Coating Systems Limited
- Nippon Paint Company Limited
- DSM NV