Industry Background:
Antimicrobial Coatings are used to retrain the growth of micro-organisms such as fungi, bacteria and parasites. These coatings are manufactured using Isothazolinone treatments, zinc Pyrithione, silver and quaternary ammonium compounds. It helps in improving the hygiene and applied on counters, door handles, and walls. It can also be used in health care equipment, gloves and clothing. In addition, antimicrobial coatings improves the life of plastic materials as it prevents the loss of tensile strength and cracks. Hence, its wide applications and benefits are creating the demand for antimicrobial coatings.
According to AMA Research, the market for Antimicrobial Coatings is expected to register a CAGR of 11.4% during the forecast period to 2028. This growth is primarily driven by Growing Number of Diseases is Fuelling the Market of Antimicrobial Coatings
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BASF (Germany), Dow Chemicals (United States), DuPont (United States), Axalta Coating Systems (United States), Akzo Nobel (Netherlands), PPG Industries (United States), RPM International (United States), Sherwin-Williams (United States), Nippon Paint (Japan) and Kansai Paint (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2021- Arxada, a global specialty chemical manufacturing company, and Troy Corporation, a global producer of microbial control solutions and performance additives, announced that they have entered into an agreement to combine the two companies. and In August 2018, BASF has acquired Bayer. This acquisition will improve the market position for agricultural solutions.
In September 2021 -An international team of researchers used liquid gallium to create an antiviral and antimicrobial coating and tested it on a range of fabrics, including facemasks. The coating adhered more strongly to fabric than some conventional metal coatings and eradicated 99% of several common pathogens within five minutes.Market players are focusing on providing Antimicrobial Coatings with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further achieve secured coating procedures. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost-effective product offerings.
Influencing Trend:
Rising Health Consciousness among the People
Market Growth Drivers:
Growing Number of Diseases is Fuelling the Market of Antimicrobial Coatings and Increasing Demand for Indoor Quality Products
Challenges:
Lack of Awareness in Developing and Underdeveloped Countries
Restraints:
Usage of Silver in Coatings Leads to Health Issues and High Costs Associated with the Raw Materials
Opportunities:
Government Initiatives towards the Health Care Facilities and Upsurge in Geriatric Population
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Antimicrobial Coatings Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Antimicrobial Coatings Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Antimicrobial Coatings players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Antimicrobial Coatings Study Sheds Light on
The Antimicrobial Coatings Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Antimicrobial Coatings industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Antimicrobial Coatings industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.