Antimicrobial coatings are antimicrobial agent that restricts the growth of microorganisms on the surface of the material. In antimicrobial coating a chemical compound which is toxic to microorganisms is applied to the surface which protects it from various harmful microorganisms. Healthcare industry is the most common application of antimicrobial coating. Apart from the healthcare industry, antimicrobial surfaces have been utilized for their ability to keep surfaces cleaned. The global antimicrobial coating market is primarily driven by factors such as, government regulations for public health protection, rising urban population and increasing end user industry including steel, furniture, and domestic users. One of the major trends which will influenced the antimicrobial coating market during the forecast period is the significant shift of consumers towards use of UV care coating and environmental friendly coatings. However, excessive cost associated with manufacturing of antimicrobial coating and the fact that the efficiency of the antimicrobial coating degrades over a period are the major factor hindering the growth of the market.
The global antimicrobial coating market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the market. The report analyses the antimicrobial coatings market by product type into silver, copper, polymeric, organic and other. Other products include zinc-oxide, zirconium, titanium dioxide and zinc omadine. The silver coating segment dominated the global antimicrobial coating market and accounted for highest market share in terms of value. Moreover, this segment is expected to grow at a faster pace during the forecast period owing to high antimicrobial properties of silver and less rate of adverse effect on human. By application, the global antimicrobial coating market is categorized into Indoor air / HVAC, medical, mold remediation, building & construction, foods & beverages, textiles and other applications. Others include marine and home appliances. Amongst all major application, the medical application segment dominated the antimicrobial coating market in 2017 and is projected to grow at high pace during the forecast period. The growth of the segment can be attributed to rising demand for antimicrobial coating from healthcare sector for medical devices coating of catheters, medical electronics, and other medical devices. Additionally, increasing consumer health consciousness and rising demand from residential and commercial construction sector are further anticipated to boost the market growth. By geography, the global antimicrobial coatings market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Middle East & Africa. North America comprises United States, Canada and Mexico whereas Europe would primarily cover Germany, France, UK, Italy and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Middle East & Africa, South Africa and Rest of MEA are the key countries covered in the report.
In 2017, North America dominated the global antimicrobial coating market, followed by Asia Pacific and Europe. Rising healthcare expenditure among consumers coupled with strict government regulation are the prominent factors driving the antimicrobial coatings market in North America. The leading companies of global antimicrobial coatings market include Akzonobeln.V., BASF SE, Diamond Vogel, Axalta Coating Systems, Nippon Paint Company Ltd, PPG Industries, Royal DSM, RPM International Inc, The DOW Chemical Company, The Sherwin-Williams Company, AK Coatings, Inc, AST Products, Inc, Biointeractions Ltd, Covalon Technologies Ltd, etc. Research and development, new product development and technological advancement are the key growth strategies adopted by major players to reinforce their positions in the international market and expand their geographic presence.
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