HYDERABAD, India and MINNEAPOLIS, April 6, 2016 /PRNewswire/ --
According to the report "Anti-Microbial Coating Market: By Raw Material Type (Inorganic, Organic and Others); By Type (Escherichia Coli, Pseudomonas, Listeria and Others); By End-User (HVAC, Construction, Mold Remediation, Medical, Textiles and Others); By Geography - Forecast (2014-2020)", published by IndustryARC, the global antimicrobial coatings market was estimated to be $1,885 Million in 2015 and is estimated to grow at a CAGR of 10.65% to reach $3,126 Million by 2020.
Browse - 32 Market Tables, 30 Figures spread through 144 Pages and an in-depth TOC on "Antimicrobial Coatings Market"
Antimicrobial coatings basically are used to protect HVAC products, electronic appliances, and food processing facilities, medical packaging and others by suppressing the growth of microbes formed on their respective surfaces. Antimicrobial coatings destroy or inhibit the growth of microorganisms, especially pathogenic which come from nature. These microbes can be deleterious to human health, especially in the absence of antimicrobial coating on HVAC systems, air-conditioning systems, food processing and packaging, medical packaging, textiles, construction applications in corporate offices, commercial areas, industries, residential buildings and others. The quality of air that is being inhaled by humans can be harmful and may have serious impacts on health as these microbes dwell inside HVAC and air-conditioning systems. Antimicrobial coatings are generally applied on various parts or appliances during the manufacturing or just after assembly stage.
The Global Market for Antimicrobial Coatings was estimated to be $1,885 Million in 2015 and is estimated to grow at a CAGR of 10.65% to reach $3,126 Million by 2020. The key factors driving the market include increase in incidence of Hospital Acquired Infections (HAIs), rise in geriatric population and growing awareness among end consumers.
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Growing Food Safety market presents an opportunity for expanding potential market of antimicrobial coatings
Food safety and quality has been a growing consumer demand worldwide and has transformed the food and beverage industry. The development of products with a long shelf life with antimicrobial safeguards has been a priority for food and beverage companies. The advancement of such coatings will perform a critical role in the food processing industry and therefore in the food safety sector. Presently, most of the antimicrobial coating market is situated in North America, but as awareness regarding food safety rises in other areas due to positive governmental law, the utilization of antimicrobial coatings in food safety will rise. The shift from natural antimicrobials to antimicrobial coatings has been on the rise as improved functionality of these products drives their adoption. The development of targeted coatings will have a significant impact on the food processing market in the next few years. Development of advanced coatings also presents an opportunity to capture the growing food safety market.
Americas and Europe plays a significant role in the antimicrobial coatings market. The Americas market led by U.S. has an enormous potential for Antimicrobial coatings in the construction sector, medical and electronics sector. In APAC, China is an emerging market and provides antimicrobial coatings while its expanding economy will be offering new flourishing opportunities. The rest of the world comprising of South Africa and Middle-East countries will also be rendering a suitable base for antimicrobial coatings market.
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The following Key Players has been identified in our Research and extensively profiled in the Report Analysis:
- AkzoNobel Coatings Inc.
- Dow Chemicals
- PPG Industries
- RPM International
AkzoNobel offers performance coatings products for end use applications such as photo-catalytic coatings, HVAC, food processing and packaging, construction, mold remediation, medical, electronics, textiles, pharmaceuticals and others. BASF on the other hand is one of the major players in chemicals industry. The company is involved in anti-microbial coatings business through paints & coatings business segment.
The Market Segmentation by Geography:
- North America - U.S., Canada & Others
- Asia pacific - China, India, Japan, & Others
- Europe - Germany, Italy, France & Others
- Rest of the World - Saudi Arabia, South Africa, Iran & Others.
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- High Performance Pigments Market - By Type (Organic, Inorganic and Others); By Application (Industrial Coatings, Decorative Coatings, Electronics & Electrical Coatings, Graphic Arts & Printings Inks, Plastics, Cosmetics and Others)-Forecast(2015-2020)
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