According to the new market research report “Antimicrobial Powder Coatings Market by Additive Type (Silver, Zinc, Copper & Others), End-use Industry (Medical & Healthcare, Appliances, HVAC, Food Equipment, General Industry, Transportation, Fitness Equipment), & Region – Global Forecast to 2025″, The global antimicrobial powder coatings market size is projected to grow from USD 1.5 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 12.0%. There has been an increase in demand for antimicrobial powder coatings in various industries such as medical & healthcare, HVAC, and appliances which is expected to drive the market. With the growing concern and rising awareness about safety and hygiene across the globe, several manufacturers, such as consumer goods and electronics manufacturers, are focusing on the development of antimicrobial products. It will help to comply with changing consumer preferences and market demand.
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Silver additive type dominates the global antimicrobial powder coatings market. Silver-ions are predominately used as an antimicrobial additive in these coatings, owing to the high efficacy rate, safety, cost-effectiveness, durability, and other benefits associated with the use of these ions. Furthermore, these additives provide effective and long-lasting surface protection without affecting the substrates physicochemical properties and structural qualities.
The medical & healthcare industry accounted for the largest share, in terms of value, of the antimicrobial powder coatings market in 2019. In this industry, the growing concern about hospital-acquired infections (HAIs) and their related impact on humans are the major driving factors for the antimicrobial powder coatings market. Through better infection prevention and control practices, a significant share of HAIs are considered to be avoidable, which, further, can be improved by the use of antimicrobial powder coatings.
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The global antimicrobial powder coatings market size is projected to grow from USD 1.5 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 12.0% during the forecast period. The growing demand for antimicrobial powder coatings especially from end-use industries such as medical & healthcare due to the COVID-19 pandemic is driving the market. In the medical & healthcare industry, the growing concern about HAIs and its related impact on humans are the key driving factors for the antimicrobial powder coatings market.
Antimicrobial powder coatings are effective against a wide range of viruses and bacteria spreading chronic and acute diseases. Few viruses, such as bird flu, common cold, and flu viruses are contagious, and these types of coatings are proven inhibitors of their infections. Antimicrobial powder coatings are being used over the past many years in numerous applications, such as hospitals, schools, professional sports organizations, and various other paces that witness a high influx of people.
The key players in the antimicrobial powder coatings market PPG Industries, Inc. (US), Sherwin-Williams Company (US), AkzoNobel N.V. (Netherlands), Axalta Coating Systems LLC (US), Berger Paints India Ltd (India), are the leading players operating in the antimicrobial powder coatings market. They have adopted various developmental strategies such as merger & acquisitions, new product launches, and partnerships & agreements to increase their share in the market.
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PPG Industries is a key player in the antimicrobial powder coatings market. PPG’s business comprises two reportable business segments: Performance Coatings and Industrial Coatings. The Performance Coatings and Industrial Coatings reportable business segments supply coatings and specialty materials to customers in a wide array of end-uses, including industrial equipment and components; packaging material; aircraft and marine equipment; automotive original equipment (OEM); automotive refinish; as well as for other industrial and consumer products. PPG also serves commercial and residential new build and maintenance customers by supplying coatings to painting and maintenance contractors and directly to consumers for decoration and maintenance. Strategically, the company has adopted various strategies to increase its share in the market.
Axalta Coating Systems is a diversified coatings company. It mainly operates through two segments, performance coatings, and transportation coatings. The company manufactures liquid coatings and powder coatings that are used for various applications such as automotive OEMs, automotive refinish, transportation, general industrial, and architectural & decorative coatings. The company has a strong customer base and operates in many countries of Europe, North America, APAC, and the Middle East & Africa.
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