San Francisco, 28 December 2018: The Report Antimicrobial Coatings Market Analysis By Product (Antimicrobial Powder Coatings (Silver,
Copper), Surface Modifications And Coatings (E.coli, Listeria, Pseudomonas)),
By Application, Trends & Dynamics, Competitive Strategies And Forecasts,
2018 – 2025
According to a report by Grand
View Research, Inc., the global antimicrobial coatings market is projected to reach
USD 8.43 billion by 2025. Growing need for cleanliness at manufacturing
facilities is anticipated to propel market growth over the forecast period
(2014 to 2025). These coatings prevent growth of germs, parasites, bacteria,
and unwanted microorganisms. Increasing cases of infections and rising health
concerns attributed to effect of micro-organisms on humans are likely to impel application
of coatings for humans.
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| Antimicrobial Coatings Market |
Rising health concerns and
rising cases of hospital-acquired infections are expected to positively influence
growth of the market. Preference for antimicrobial coatings over powerful
cleaning agents and disinfectants in hospitals, clinics, and other healthcare
institutes can further drive market. Growing product demand to prevent growth
of germs that can affect immune system among humans can also drive the market
for antimicrobial coatings. Growing preference for implantable medical devices
attributed to rising cases of cardiovascular disorders can boost market
expansion in the forthcoming years.
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However, strict regulations
issued by the European Union (EU) and government of the United States (U.S.)
can hamper growth of market. Manufacturing companies get their products
approved and registered by the Environmental Protection Agency (EPA). Recently,
the Food and Drug Administration (FDA) began to consider drug-device
combinations as a separate regulation category. These devices meet efficacy and
safety requirements. In addition, guidelines have also been established for
urological devices with antimicrobial claims.
The worldwide antimicrobial
coatings market can be segregated on the basis of product, application, and
region. Based on product, the market can be categorized into surface
modifications and coatings, and antimicrobial powder coatings. In 2015, surface
modifications and coatings segment dominated the market and accounted for 55.7%
of global market share.
On the other hand, increasing
use of silver nanoparticles on medical devices to prevent bacterial growth and
formation of biofilm can augment growth of antimicrobial powder coatings
segment. These silver nanoparticles kill bacteria near the surface. Rising
demand from healthcare application is anticipated to bode well for market
growth during the forecast period.
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Grand View Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Based on application, the
market can be classified into sanitary facilities and kitchen, food processing
and packaging, mold remediation, air conditioning and ventilation systems,
antimicrobial textile, construction, and other applications. Other applications
can include touch screens, insulation products, and switches. In 2015, air
conditioning and ventilation systems dominated the market and accounted for
26.8% market share in terms of volume. Supportive initiatives and research
activities taken by Council of Educational Facility Planners International
(CEFPI) and Environmental Protection Agency (EPA) to educate students about air
quality can influence growth of segment. Mold remediation segment is estimated
to witness maximum CAGR of 11.1% during the forecast period. Overall costing
involved to remediate mold-infected building can fluctuate in case the
buildings have inferior coatings.
Regional segmentation includes
Europe, North America, Asia Pacific, Central and South America, and Middle East
and Africa. In 2015, North America dominated the market and accounted for
market share equivalent to 35% in terms of volume. The region is likely to expand
at the highest CAGR of 11% from 2016 to 2025. Increasing healthcare investments
in United States (U.S.) is expected to impel growth of market in the region. In
addition, rising standard of living in the U.S. can also influence regional
market growth. However, growth of major end-use sectors such as construction,
medical, food in India and China are expected to create lucrative opportunities
for market in Asia Pacific region.
Some of the leading companies
operating in the antimicrobial coatings market are Arch Lonza, Diamond Vogel
Paints, Dow Microbial Control, Nippon Paint Co. Ltd, and RPM International. The
market is estimated to be concentrated in nature with three to four companies
accounting for 40% of global demand in 2015. Itis oligopolistic in nature owing
to presence of large companies holding major market share.
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Press Release of Antimicrobial Coatings Market@
www.grandviewresearch.com/press-release/global-antimicrobial-coatings-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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