The report “Antimicrobial Coatings Market by Type (Silver, Copper), Application (Indoor Air / HVAC, Medical, Mold Remediation, Building & Construction, Foods & Beverages, Textiles) – Global Forecast to 2021”, is projected to reach USD 4.19 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021. With the increased penetration of antimicrobial coatings in end-use applications in North America and Europe, it is anticipated that the market will register slightly higher growth than the Asia Pacific region, Middle East & Africa, and South America, during the forecast period.
The antimicrobial coatings market is projected to reach USD 4.19 billion by 2021, at a CAGR of 12.1% from 2016 to 2021. With the increased penetration of antimicrobial coatings in end-user industries in North America and Europe, it is anticipated that the market will register slightly higher growth than the markets in the Asia Pacific region, Middle East & Africa and South America, during the forecast period.
Antimicrobial coatings comprise active ingredients which possess excellent activity against bacteria, fungi, molds, and other microbes. These coatings are available in various resin platforms such as epoxy, PVDF, acrylic, polyester, and other resins. Antimicrobial coatings prevent the spread of infections or diseases when applied to target surfaces. Mergers & acquisitions is the key strategy adopted by the major players to achieve growth in the global antimicrobial coatings market between 2013 and 2016. These strategies accounted for the highest share among all the strategies adopted between 2013 and 2016.
Request for FREE PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1297
The leading players in the global antimicrobial coatings market include, AkzoNobel N.V. (Netherlands), BASF SE (Germany), Diamond Vogel Paint Company (U.S.), Axalta Coating Systems (U.S.), Nippon Paint Company Ltd (Japan), PPG Industries, Inc. (U.S.), Royal DSM (Netherlands), RPM International Inc. (U.S.), The Dow Chemical Company (U.S.), and The Sherwin-Williams Company (U.S.), among others. Besides mergers & acquisitions, companies also adopted investments & expansions as a key strategy to enhance their market shares and cater to customers efficiently.
Antimicrobial coatings comprise active ingredients which possess excellent germicidal properties that act against bacteria, fungi, molds, and other microbes. These coatings are available in various resin platforms such as, epoxy, PVDF, acrylic, polyester, and other resins. Antimicrobial coatings prevent the spread of infections or diseases when applied to the target surface area.
The increasing demand in the medical and indoor air applications is expected to drive the antimicrobial coatings market. Advantages offered by antimicrobial coatings in these applications are gaining greater awareness, and these are also supported by healthcare related regulations which require the use of antimicrobial coatings.
Silver is the largest and fastest growing product type of antimicrobial coatings. High operational flexibility and efficiency are the major attributes of silver, which makes it popular among manufacturers. In addition, in the nanoparticle form, silver can be used to coat medical devices, which helps reduce microbe adhesion and the infections associated with it. Silver deactivates the enzymes which stall metabolic processes and hence the growth of organisms in the respiratory metabolic pathway.
Request for FREE Sample Pages @https://www.marketsandmarkets.com/requestsample.asp?id=1297
The North American region is the largest and fastest-growing market for antimicrobial coatings, followed by Europe. The high demand in the North American region is attributed to the growth in demand from the medical and indoor air / HVAC application in the U.S. The European region is projected to register slower growth as compared to the North American region during the forecast period.
Market players are expected to employ organic and inorganic growth strategies such as regional expansions, new product developments, mergers & acquisitions and joint-ventures to expand their overall businesses worldwide. The key companies operating in the antimicrobial coatings market are striving to provide innovative products through research & development and collaborating with technology providers. They are also focusing on strengthening the research & development facilities to provide cost-effective product grades. These developments are expected to lead to the sustainable growth of the global antimicrobial coatings market in the future.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=1297
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com