Antimicrobial Coatings Market Analysis 2017-2025 – Rising Applications of Antimicrobial Coatings to Reduce Healthcare Associated Infections (HAIs)
DUBLIN, May 7, 2020 /PRNewswire/ — The “Antimicrobial Coatings Market by Material (Copper, silver), Form (Aerosol, Powder), End User (Building and Construction, Food and Beverage, Automotive OEM and Components, Electronics, Healthcare and Pharmaceutical, Packaging) – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Antimicrobial Coatings Market will Grow at a CAGR of 8.2% from 2019 to 2025 to Grow $7.36 Billion by 2025
This report provides in-depth analysis of natural food colors market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2025.
The global antimicrobial coatings market is driven by the factors such as increasing awareness about antimicrobial coatings, increasing adoption of antimicrobial coatings to reduce healthcare associated infections, and growing initiatives and funding from government and private organizations to develop antimicrobial coatings. Moreover, increased microbial contaminated food recalls and increased use of antimicrobial coating in food packaging to reduce the chances of microbial contamination in packaged food products further drive the growth of the antimicrobial coatings market during forecast period
The global antimicrobial coatings market study presents historical market data in terms of value (2017 and 2018), current data (2019), and forecast for 2025 – by product (metal, organic), form (liquid, powder, aerosol), end user (automotive OEM and component, electronic, building and construction, food and beverages, machinery and equipment, materials, medical and life sciences, healthcare and pharmaceutical, and other end user), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country level.
Based on the material, metal coatings commanded the largest share of the overall antimicrobial coatings market in 2019. The large share of this segment is attributed to the high adoption of metal based antimicrobial coatings by packaging industry and medical device manufactures, increasing funding from government organizations to develop metal based antimicrobial coatings to reduce healthcare associated infections, and increasing demand for antimicrobial coatings in space missions.
On the basis of form, liquid coating accounted for the largest share of the overall market in 2019 as it is the most preferred form by the end use industries due to its properties such as corrosion resistant and quality finish; and limitations to use powder coatings. However, powder form is expected to witness a rapid growth during the forecast period.
Based on end user, the building and construction segment is accounted for the largest share of the overall market in 2019. The large share of this segment is attributed to growing threats of microbial deterioration of building material and rising Heating Ventilation and Air Conditioning (HVAC) related microbial contamination. Moreover, growing initiatives taken by organizations to address the issues related with microbial contamination in commercial buildings and construction sector further support the dominance of this segment. Howver, the medical and life sciences segment is estimated to be the fastest growing segment during the forecast period. The fast growth of this segment is attributed to the increasing healthcare associated risks and growing government initiatives to overcome the healthcare associated infections caused due to the contaminated medical devices.
Geographically, North America commanded the largest share of the global antimicrobial coatings market in 2019, followed by Asia-Pacific, Europe, Latin America, and the Middle East and Africa. However, Asia-Pacific region is expected to witness a rapid growth during the forecast period. The growth of antimicrobial coatings market in this region is mainly attributed to rising burden of healthcare associated infections in the developing countries, rising food recalls due to microbial contamination, expansion of healthcare infrastructure, and increasing transport associated infections. Moreover, increasing government funding along with rising initiatives by universities for technological advancement in antimicrobial coatings further support the growth of the Asia Pacific antimicrobial coatings market.
- Rising Applications of Antimicrobial Coatings to Reduce Healthcare Associated Infections
- Increase in Contaminated Food Recalls in North America and Europe
- Government Initiatives & Funding for Advancements in Antimicrobial Coatings
- Stringent Regulations Related to VOC Content
- Rising Prices of Raw Materials
- Rising Space Programs Across the Globe
- Emerging Economies: Africa and Latin America
- Development of Antimicrobial Resistance in Microbes
- Funding for the Development of Advanced Antimicrobial Coating for Medical Devices
Scope of the Report
Antimicrobial Coatings Market, by Material
- Metal Based Coatings
- Silver Based Coatings
- Copper Based Coatings
- Other Metal Based Coatings
- Organic Coatings
Antimicrobial Coatings Market, by Form
- Solvent Borne Coatings
- Water Borne Coatings
Antimicrobial Coatings Market, by End-User
- Building and Construction
- Medical and Life Science
- Healthcare and Pharmaceutical
- Food and Beverages
- Machinery and Equipment
- Automotive OEM and Component
- Other End Users
Antimicrobial Coatings Market, by Geography
- North America
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- South Korea
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East & Africa
- AkzoNobel N. V.
- Axalta Coating Systems
- BASF SE
- Dow Chemical Company
- E. I. Du Pont De Nemours
- Jotun Group
- Lonza Group Ltd
- Nippon Paint Holdings Co.Ltd.
- PPG Industries Inc.
- RPM International Inc.
- Sciessent LLC
- Sika AG
- The Sherwin-Williams Company
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