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.

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