Antimicrobial Coatings Market Size Capacity, Investment Trends and Company Profiles report to 2026
Posted: Oct 26, 2018
Polaris Market Research presents a most up-to-date research on "Antimicrobial Coatings Market, [By Raw Material (Inorganic, Organic, and Others), By Product Type (Escherichia Coli, Pseudomonas, Listeria, and Others), By End-use (HVAC, Food industry, Construction, Mold Remediation, Medical and Others), By Regions]: Market size & forecast, 2018 - 2026".
The global antimicrobial coatings market is generated $3.3 billion in 2017 and is anticipated to grow at a CAGR of 9.4% during the forecast period.
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Antimicrobial coatings (AMC) are applied on surfaces to prevent the growth of germs and bacteria. These coatings have gained worldwide prominence very rapidly and the market is a billion-dollar sector currently. Antimicrobial coatings are the paint formulations with biocides to improve resistance towards bacteria, fungi, and other pathogens.
Major Key Player: -
Akzo Nobel NV
AK Coatings, Inc.
PPG Industries Inc.
Lonza Group Ltd.
Covalon Technologies Ltd.
Antimicrobial coatings have witnessed global growth on account of intense demand in the medical sector. Healthcare-related infections have been major cause of mortality and morbidity in the current scenario and a daunting challenge for the health centers & hospitals. AMCs are the promising and potential weapon against the bacterial growth in this sector and have witnessed many different technologies and chemical strategies.
These coating have also witnessed rising growth in other end-uses such as HVAC, where these are applied on vents and other mechanical surfaces. AMC have numerous uses in food processing & packaging, where food industry manufacturers use these to increase the shelf life of the products. With the increase in disposable income, fast-paced lifestyle of consumers, and the risen demand for ready-to-consume food products, the food industry has found many applications for AMCs.
The industry is also inclusive of some constraints which might lead to growth hindrance, if not handled wisely. Besides all the beneficial effects of theses coatings, their applications together with different methods of cleaning in healthcare settings, may result in significant changes in the emission of toxic agents into the surroundings. The active ingredients from the emissions are likely to enter the environment slowly and have adverse impact.
Antimicrobials coating market is also subjected to regulatory standards for the quality of the products. The manufacturers of antimicrobial coatings have to conduct full toxicity testing, including environmental as per the Central for Disease Control (CDC) guidelines Moreover, these manufacturers have to collaborate to develop clinically significant testing methods and align marketing and sales claim with EPA (Environmental Protection Agency) FIFRA.
North America has witnessed the highest demand for the antimicrobial coatings and holds the largest regional market share. The United States continues to spend substantially more on healthcare relative to other nations in the region and world and is the reason for the region’s medical segment growth.
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Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.