The Antimicrobial Coatings Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Antimicrobial Coatings Market is estimated to be USD 2.67 billion in 2017 and predicted to rise to USD 12.1 billion by 2022 with a CAGR of 4.73%. The market is segmented Market by Type (Copper, Silver, Polymer and Others), by Application (Healthcare, Building and Construction, Indoor Home Appliances, Mold Remediation, Food and Beverages, Textiles, Cosmetics and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Rapid advances in biotechnology and material sciences, increase in research activities on environmental microbiology and growing adoption in healthcare sector are the major factors driving the market growth. Rising number of hospital acquired infections and economic benefits by using coatings in the long term are also expected to drive the market. However, availability of alternate antimicrobial products and lack of awareness regarding the coatings are hindering the market growth.
By type, Silver coatings segment is the largest market segment as silver is able to effectively counter several types of microorganisms. Polymers segment is the fastest growing segment due to the advances in material sciences to produce antimicrobial polymers. By Application, Indoor home appliances segment lead the antimicrobial coatings market due to the increasing demand in residential and institutional buildings. Healthcare segment is expected to be the fastest growing segment due to the increasing initiatives to keep hospitals and clinics free of germs and to prevent hospital acquired infections.
North America leads the antimicrobial coatings market due to the high adoption rate of antimicrobial coatings in healthcare sector as this region witness high mortality due to hospital acquired infections. Asia Pacific is expected to be the fastest growing market due to the increasing applications in buildings and construction, growing health awareness and increasing healthcare expenditure.
Some of the major players in Antimicrobial Coatings market are Akzonobel, Nippon Paint Company, DOW Chemical Company, Damond Vogel, Sherwin Williams, BASF SE, Axalta Coating Systems, RPM International, Lonza Group, and Royal DSM.
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