Transparency Market Research has added a new market report titled “Antimicrobial Coatings Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2012 – 2018,” to its comprehensive database.
Transparency Market Research observes that the antimicrobial coatings demand was worth US$1.6 billion in 2012 and is estimated to reach US$3.3 billion in 2018. The market is estimated to rise at a CAGR over 12% from 2012 to 2018. In addition, the antimicrobial powder coatings demand by volume is expected to grow at a CAGR of 12.4% in 2012 and at a CAGR of 9.1% till 2018.
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The application segments for antimicrobial coatings studied in this report include mold remediation, indoor air quality, and medical/healthcare. Owing to the ability to do away with the growing microbial activities on critical healthcare equipment and keep it safe from rust, the need for antimicrobial coatings in medical applications such as catheters and other medical and healthcare devices has grown in the past few years. Various hospitals and healthcare centers are now adapted to the use of antimicrobial atmosphere and coatings. The medical and healthcare market demand for the need of antimicrobial coatings is expected to grow at a CAGR of 12.6% from 2012 to 2018.
The antimicrobial coatings market also grew due to the realization of indoor air pollution effects. As indoor air pollution causes severe health problems, there has been a considerable rise in the consumption of antimicrobial coatings in the global market. These coatings are used in the effort to improve the indoor air quality and maintain a clean breathing environment. The demand for antimicrobial coatings for improvement of indoor air quality is expected to grow at a CAGR of 12.8% from 2012 to 2018.
In case of mold formation, the market offers different coatings and products consisting antimicrobial substances. These compounds are put to use as an aftercare method to ward off molds and other bacterial activities present in buildings older than five years. The demand for antimicrobial coatings in the mold formation application segment is expected to grow at a high CAGR of 13.1% from 2012 to 2018.
Moreover, increased use of plastic packaging in food and beverages industry applications has resulted in the demand for additives and antimicrobial coatings in order to keep the food free from bacterial activities. Nevertheless, the market for antimicrobial coatings experiences certain restraining growth factors due to stringent regulations governing this market, and other questionable factors such as efficacy of antimicrobial coatings used in apparel. The use of active silver as the main ingredient in the coatings causes harmful health issues, and thus the use of antimicrobial coatings is inferior on a global level.
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Considering the market for antimicrobial coatings based on product type further includes compounds such as, silver, and other surface modifications and coatings. The surface modifications and coatings segment accounted for the largest market shares in the global market. Both these product segments are expected to demonstrate steady growth rates at CAGR of 8.8% by volume and at CAGR of 12.2% by revenue from 2012 to 2018. The antimicrobial coatings market is also divided on the basis of microbes such as, Listeria, E. Coli, Pseudomonas, among many others.
This market report on antimicrobial coatings aims to analyze competitiveness of the antimicrobial coatings market in a global scenario. Geographically,North America has retained its position in the global market becoming the revenue leader in antimicrobial coatings. This region will continue to dominate the market in the near future.
Some of the renowned key players in the antimicrobial coatings market include RPM International Inc., Du Pont de Nemours & Company (DuPont), Nippon Paint Co. Ltd., Sono Tek Corporation, BASF, E.I. Royal DSM N.V., and others.
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