Zion Market Research has published a new report titled “Anti-Microbial Coatings Market (Antimicrobial Powder Coatings and Surface Modifications & Coatings) for Indoor Air Quality, Medical/Healthcare, Mold Remediation, Textiles, Construction, Food and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, the global anti-microbial coatings market accounted for USD 2.74 Billion in 2016 and is expected to reach USD 5.30 Billion by 2022, growing at a CAGR of around 11.7% between 2017 and 2022.
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The global anti-microbial coatings market is expected to witness substantial growth within the forecast period on account of rising demand from several healthcare industries across the globe. Anti-microbial coatings are used in a wide range of applications to inhibit the ability of microorganisms to grow on the surface. Examples include healthcare setting for sterilization of medical devices to prevent hospital-associated infections. Anti-microbial coatings stop the spread of pathogens that can cause disease and they have the potential to meaningfully lower the environmental impact of cleaning in a medical setting, where different chemicals are used for a range of purposes. Increasing demand for anti-microbial coatings in the healthcare industry is expected to be the major driver for the anti-microbial coatings market. They are widely used in the healthcare industry on catheters, medical devices, medical electronics, trays etc. Factors such as rising number of deaths due to HAI (Hospital Acquired Infections) are expected to boost the demand for anti-microbial coatings in the coming years. In addition, demand from high-end commercial and residential construction projects is expected to support the growth of the anti-microbial coatings market within the forecast period. Health issues connected to silver and quality regulations are expected to be the major restraints for the global antimicrobial coatings market. Lack of complete efficiency in the textile application is also expected to curb the growth of the market within the forecast period. Technological advancements in order to improve efficiency and quality are expected to open new avenues of opportunities for the global anti-microbial coatings in the coming years.
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The global anti-microbial coatings market can be segmented into anti-microbial powder coatings and surface modification & coatings based on products. Surface modification & coatings segment accounted for the largest market share in 2016 and is expected to grow at a significant rate. These are continuously being developed for certain surfaces to combat the presence of E. Coli and other bacteria. The anti-microbial powder coatings segment is expected to witness significant growth and this can be attributed to its applications in medical care, sanitation, steel furniture industry and domestic appliances.
Based on applications, the global anti-microbial coatings market can be further segmented into indoor air quality, medical/healthcare, mold remediation, textiles, construction, food and other applications. Indoor air quality emerged as the most dominant application segment in 2016 accounting for the largest market share of the global anti-microbial coatings market. Lots of initiatives are being taken by the regulatory bodies in order to educate the people about indoor air quality. Any airflow comprising of pathogens could deteriorate human health and improve the air quality can help in the prevention of many diseases. This is expected to drive the demand for anti-microbial coatings for indoor air quality improvement within the forecast period. Medical/Healthcare segment accounted for the second largest market share of anti-microbial coatings in 2016 and is expected to grow in light of stringent regulations mandating the use of anti-microbial coatings on medical devices, equipment etc. Mole remediation segment is also expected to witness significant growth owing to the regulations to prevent the use of VOCs. Other applications of anti-microbial coatings are insulation products, touch screen, and switches.
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North America dominated the anti-microbial coatings market in 2016 accounting for the majority of the global market share. Stringent regulations encouraging the use of anti-microbial coatings is expected to be the major driver for the anti-microbial coatings market in the region. In addition, high living standards coupled with rising healthcare expenditure in the U.S. are expected to assist the anti-microbial coatings market growth in North America. The fastest growing region for anti-microbial coatings market within the forecast period was studied to be North America. Europe is expected to record stable growth of the anti-microbial coatings market owing to various regulations to promote the usage of anti-microbial coatings for healthcare, indoor air quality applications etc. in the region.
The key players operating in the global anti-microbial coatings market are Microban International Ltd., Cupron Inc., Specialty Coatings Company Inc., AK Coatings Inc., HaloSource Inc., Dow Microbial Control, AcryMed Inc., Alistagen Corporation, AEGIS Environments, Sciessent LLC, BBJ Environmental Technologies Inc., EnviroCare Corporation, Fosters Products Corporation, Fiberlock Technologies Inc., Sports Coatings, Lonza Group Ltd., Semprus Biosciences Corporation, Troy Corporation and Sureshield Coatings Company.
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