The Global Market for Anti-Microbial Coatings is Forecast to Reach US$3.8 Billion by 2020

Focus on Improving Indoor Air Quality Drives the Global Anti-Microbial Coatings Market, According to a New Report by Global Industry Analysts, Inc.

                                                                                                

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Anti-Microbial Coatings market. The global market for Anti-Microbial Coatings is forecast to reach US$3.8 billion by 2020, driven by the increasing focus on improving indoor air quality and mounting need to curb hospital acquired infections (HAIs).

Anti-microbial coatings act as a protective coating over hard surfaces, preventing microbial growth. Given the high efficacy in inhibiting bacterial growth, anti-microbial coatings are used not only for remediation but also as preventive agents against microbial growth. The market is primarily driven by the growing focus on curbing infections in healthcare and industrial environments. The introduction of stringent regulatory norms for ensuring clean, pure and safe indoor air quality (IAQ) is additionally benefiting growth in the market. The growing emphasis on limiting Hospital Acquired Infections (HAIs) is lending traction to the evolution of new anti-microbial coatings, against the backdrop of healthcare facilities seeking ways to curb spiraling healthcare costs by reducing hospital stays and hospital re-admissions in compliance with regulations such as the Affordable Healthcare Act. In the industrial and commercial settings, anti-microbial coatings are utilized to prevent the growth of biofilm and microbe formation over industrial equipment including HVAC systems, and ductwork, among others. Of late, these coating are also gaining visibility in the construction industry for mold/algae prevention and remediation.

The market is also witnessing growth on the technological front, with antimicrobial coatings evolving from being a functional additive to a performance enhancement product used to prevent microbial contamination. Healthcare facilities are showing keen interest in antimicrobial nanocoatings for medical devices. For implantable devices such as catheters and stents, nanocoatings present cutting edge benefits such as enhancing biocompatibility and improving efficiency and reliability. Stringent regulatory norms coupled with strong demand for higher performing products that are environmentally safe, have led to the creation of unique anti-microbial chemistries that are compatible for use in products that ensure indoor air quality. New anti-microbial coating formulations are aimed at addressing various issues associated with increased antibiotic resistance and infections caused by harmful pathogens. In the HVAC market, leading OEMs are pursuing advanced antimicrobial coating technologies to stay ahead of competition in combating odors and mitigating incidences of airborne infections.

As stated by the new market research report on Anti-microbial coatings, the United States represents the largest market worldwide. The region also ranks as the fastest growing market with a projected CAGR of 14.1% over the analysis period. The growth in the market is led by increasing demand for medical implants with advanced antimicrobial coatings and stringent regulations monitoring the air quality in commercial and residential buildings. Surface Modification & Coatings constitutes the largest product segment in terms of both value and volume. Amongst the end-use application markets, medical devices is slated to be the largest consumer of anti-microbial coatings. 

Key players covered in the report include AK Coatings Inc., Akzo Nobel N.V., Alistagen Corporation, BASF SE, BBJ Environmental Solutions, Cupron Inc., Dow Microbial Control, E. I. du Pont De Nemours and Company, Foster™ Coating Products, Fiberlock Technologies Inc., Lonza Group Ltd., Microban International Ltd., PPG Industries, Royal DSM NV, Sciessent LLC, Sherwin-Williams Company, Specialty Coating Systems Inc., Sureshield Coatings Company and Troy Corporation, among others.

The research report titled “Anti-Microbial Coatings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for major geographic markets, including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. End-use applications analyzed in the report include Indoor Air Quality, Medical Devices, Construction and Others (Includes Mold Remediation, Food & Beverages, Personal Care & Cosmetics, and Textiles among Others). The global market for Anti-Microbial Coatings is also analyzed by the following product groups/segments – Antimicrobial Powder Coatings (Silver and Others), and Surface Modification & Coatings.

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