The Anti-Microbial Coating Market value was $3.3 billion previously in 2020. It is expected to reach $5.6 billion by 2025 with a CAGR rate of 10.7% based on the recent market developments and industry trends.
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The Anti-Microbial coating is used to make walls, doors, glasses, and it can also be used as a spray-on mask, gloves, textiles, and carpets. The Anti-Microbial coating offers many benefits by protecting the material from microbes like bacteria, fungi, and mold. It is also used in coasting the walls in various places like institutions, hotels, offices, hospitals to protect the surface for an extended period. There is a massive role of Anti-Microbial coating in the construction industry. With an increase in the global population, the demand for the construction sector will also increase, and it is expected to boost the Anti-Microbial coating market trends. The Anti-Microbial coating can prevent the growth of bacteria and diseases, so it is used in the floors, carpets, roofs, and radiators.
The growing demand for the hygienic process while food production has increased the Anti-Microbial coating market size mainly during the ongoing forecast period. The Healthcare industry, as a part of the market, the Healthcare industry is also a big consumer of the Anti-Microbial coating market. Medical devices use an Anti-Microbial coating that stops the growth of the bacteria; hence it stops the spread of the infection. The medical staff, like surgeons, use these devices to complete the surgery successfully. The wide application of Anti-Microbial coating in the health care and wellness sector will boost the market in the Anti-Microbial coating market forecast period.
The Anti-Microbial coating market is segmented based on product and application.
The Anti-Microbial coating market is divided into Anti-Microbial powder coatings and surface modifications and coatings. The Anti-Microbial powder coatings of the product segment hold the highest Anti-Microbial coating market share. There are two types of power coatings, namely copper and silver.
The Anti-Microbial coating market is segmented into indoor air quality, Anti-Microbial textiles, mold remediation, construction, food, and others like health care.
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The North American region is expected to register the highest Anti-Microbial coating market share due to the new rules in the food segment. The market in the Asian Pacific region is increasing at a rapid speed, and it is expected to register the highest CAGR in the Anti-Microbial coating market due to the growing healthcare and construction sector. Europe will also witness considerable growth in the market due to the increasing healthcare infrastructure expanding the food industry. The Middle East & Africa market will grow due to the rising healthcare expenditure. The Latin American region will also be expected to moderate the demand for Anti-Microbial coating due to the increasing infrastructural development in this region.
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