The Global Market for Antimicrobial Coatings is Projected to Exceed US$6.4 Billion by 2024
Need to Protect Surfaces Against
Bacterial Fouling in Both Residential and Healthcare Sectors Drives the Global Antimicrobial
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 Antimicrobial Coatings market.
The global market
for Antimicrobial Coatings is projected to exceed US$6.4 billion by 2024, driven by sustained demand
for antimicrobial coatings from end-use applications such as Interior Air
Quality and Medical Devices, owing to increasing awareness of microbial
infestation within the home and threat of hospital acquired infections,
respectively.
Microbes
and germs are a daily threat, and bacterial fouling is an undesirable,
preventable yet an often-occurring phenomenon that plagues modern world. Over
the last decade, there has been a spectacular rise in awareness regarding
germs, mold, and other unwelcome bacteria/viruses that share our environment in
homes, offices, and hospitals. Modern and informed homeowners
are today focused on eliminating the air pollution threat caused by microbes
(bacteria, molds, fungi) and allergens. Control of microbial growth
and contamination is both vital and critical in every aspect of life and in
every environment, ranging from food and beverage, dairy processing,
pharmaceuticals, electronics, construction industry to healthcare. Today, manufacturers are all set to bring in new technology backed
Antimicrobials and formulations into the market, which can efficiently wipe out
the menace caused by microbial contamination and bacterial formation, and
growth. Efforts are on to stem the causative factors that are responsible for
microbial growth, and prevent microbial contamination. In the present scenario, Antimicrobial Coatings industry’s utmost
strength lies in its huge and well-segmented collection of end-use application
markets. Antimicrobial Coatings for Medical Devices and Indoor Air Quality applications
have been and would continue to be the primary drivers of the market.
Frequent
contact with body fluids and invasive use of equipment makes many medical
devices and instruments prone to microbial
contamination. Microbial contamination of surgical and diagnostic devices, tools, and
instruments is fingered as a key reason for secondary infections in
hospitalized patients. For such devices, antimicrobial coatings are primarily
used as protective coatings to combat bacterial growth. Modern day
antimicrobials are set to gain ground by maintaining eminence over traditional
products such as antibiotics and anti-infectants in a host of medical care
settings. Use of antibiotics in the treatment of
preventable infections is no longer an option, as antibiotic resistance is
emerging to be a major concern. Such resistance reduces the efficacy of
antibiotics in curbing bacterial formation. Anti-infectants in several cases therefore
fall woefully short of controlling microbial growth. Consequently, high-quality
antimicrobial coatings are being used for preventing formation of bacteria on
medical devices.
Medical
Device and Indoor Air Quality applications dominate the Antimicrobial Coatings
market. The two applications account for more than two-thirds of the total
market, and are also the fastest growing applications. Increasing awareness
over indoor air as a breeding ground for microbes, and hospital acquired
infections has been driving the application of antimicrobial coatings in these
markets.
As
stated by the new market research report on Antimicrobial
Coatings,
the United States represents the largest market worldwide, followed by Europe.
Increasing awareness and government regulations, especially with regard to
hospital acquired infections have been driving the market in these regions. The
United States is also forecast to emerge as the fastest growing market with a
CAGR of 13.2% over the analysis period. Asia-Pacific region is expected to
rival the U.S. in terms of growth potential over the analysis period.
Key
players in the market 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, Inc., Royal DSM N.V., Sciessent LLC, Sherwin-Williams Company,
Specialty Coating Systems, Inc., Sureshield Coatings Company, and Troy
Corporation among others.
The research report titled "Antimicrobial
Coatings: A Global Strategic Business Report"
announced by Global Industry Analysts Inc., provides a comprehensive review of
market trends, growth drivers, innovations and launches, and strategic industry
activities of major companies worldwide. The report provides market estimates
and projections in US dollars for all major geographic markets including the
US, 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.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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