The global antimicrobial coatings market is
expected to reach USD 8.43 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing concern among professional industry manufactures
about cleaning and to prevent buildings against the growth of bacteria, mold
and fungi are expected to drive the overall market growth.
Recent food poisoning outbreaks coupled
with high rates of hospital-acquired infections had heightened the awareness
among people. Nowadays, people mainly insist on safe and healthy products by
offering more for such goods and services.
Silver based biocides are widely used in
medical grade applications owing to its excellent antimicrobial properties.
Recently, a new U.S. based is othiazolin-based biocide,
n-butyl-1,2-benzisothiazolin-3-one is also used as an antimicrobial agent to
prevent the spread of germs. Moreover, rising demand for implantable medical
devices and increasing burden of cardiovascular diseases is expected to aid the
overall market demand over the next eight years.
However, stringent regulations issued by
both U.S. and the European Union are anticipated to critically affect the
industry over the next eight years. Companies’ products have to be approved and
registered with EPA for their specific requirement in which they are used.
Recently, manufacturers incorporated antimicrobial agents in the bulk material,
which is considered a viable alternative for its application in antibiotics.
To request a sample copy
or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/antimicrobial-coatings-market
http://www.grandviewresearch.com/industry-analysis/antimicrobial-coatings-market
Further key findings from the report suggest:
· The global antimicrobial coatings market
demand was 372.9 kilotons in 2015 and is expected to exceed 1 million tons by
2025, growing at a CAGR of 10.4% from 2016 to 2025
· Mold remediation is expected to witness the
highest CAGR of 11.1% over the forecast period. The cost involved in
remediating a mold-infested building can be staggering, especially when the
building has inferior coatings.
· These coatings provide long-term protection
against growth and spread of bacteria, mold, and fungi. After Shock is an
antimicrobial coating, registered under EPA which is designed to kill mildew
and residual mold.
· Air conditioning and ventilation segment
were accounted for over 25% of the overall volume in 2015. These products
help to deter the growth of micro-organisms in heating, ventilation and air
conditioning systems. AgION coated materials inhibit the growth of different
microbes.
· The industry is characterized by the
presence of multinational companies which holds the major chunk of the total
revenue. Industry participants mainly include Diamond Vogel, Dow Microbial
Control, AkzoNobel N.V and Sherwin Williams.
Grand View Research has segmented the
antimicrobial coatings market on the basis of product, application and region:
Product Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Antimicrobial powder coatings
o
Silver
o
Copper
o
Other
·
Surface modifications and coatings
o
E. Coli
o
Listeria
o
Pseudomonas
o
Others
Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
Sanitary facilities and kitchen
·
Air conditioning and ventilation systems
·
Food processing and packaging
·
Antimicrobial textile
·
Mold remediation
·
Construction
·
Other applications
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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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