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Graphical Research presents report on “Antimicrobial Coatings Market analysis based on Application, Product, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024”Global antimicrobial coatings market size is predicted to be valued at over USD 7 billion by the end of 2024 as a result of its applications in textiles, indoor air quality, medical & healthcare, mold remediation, construction, and food packaging. It is used in medical devices, constructions, and vehicles to help in preventing the microorganism growth on its surfaces. All these factors are projected to promote the industry growth trends. Its strong applications in the medical device and healthcare sector to prevent hospital acquired infections is predicted to drive the market growth. Application of these products in the construction sector owing to its property of reducing indoor air pollution over a long period will support the growth of the global antimicrobial coatings market.
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Mold remediation applications segment is anticipated to produce highest gains exceeding a revenue of over USD 1.1 billion by the end of 2024 as a result of a rise in mold production. Medical & healthcare applications segment is anticipated to grow at a rate of around 9.5% over the forecast timeline. Coating of medical devices in order to avoid fungal or bacterial growth and rise in the number of clinics in the U.S. and Europe will promote the segment growth over the forecast timeframe.
Asia Pacific antimicrobial market is anticipated to grow at a CAGR of around 9.5% over the period of 2018-2024 due to its heavy demand in construction activities in China, Thailand, Malaysia, South Korea, and India. North America market driven by food applications segment, is predicted to witness a significant growth over the forecast timeline owing to strict FDA norms and rising health concerns.
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U.S. antimicrobial coatings market worth over USD 950 million in 2017, is anticipated to record a substantial growth over the period of 2018-2024 due to enhanced medical facilities and healthcare infrastructure. Europe antimicrobial coatings market is predicted to exceed USD 1.4 billion by the end of 2024, with a CAGR of around 7.5% over the period of 2018-2024. The growth can be attributed to factors such as flourishing food industry coupled with improved healthcare facilities in countries like Italy, UK, France, and Germany.
Key industry participants profiled in the report include DuPont, Nippon Paint, AzkoNobel, Troy Corporation, Sono-Tek Corporation, and BASF. These industry players are focusing on enlarging their product portfolio to increase their market share by adding low VOC products.
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Segments We Cover:
Antimicrobial coatings market Forecast by product
Antimicrobial powder coatings
Silver
Copper
Other
Surface modifications and coatings
E. Coli
Listeria
Pseudomonas
Others
Antimicrobial coatings market Analysis by application
Sanitary facilities and kitchen
Air conditioning and ventilation systems
Food processing and packaging
Antimicrobial textile
Mold remediation
Construction
Other
The above information is provided on a regional and country basis for the following:
North America
Europe
Asia Pacific
Latin America (LATAM)
Middle East
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1054/antimicrobial-coatings-market
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