What is Antibacterial Coatings Market Scope?
Antimicrobial coatings are defined as consisting of a chemical compound which inhibits the growth of microorganisms on the applied surface. It is used to prevent the growth of bacteria and germs on several surfaces. Various benefits of using antimicrobial coatings such as lasting protection against microbes, longer lifespan, cost-effective, improved cleanliness and health, additional infrastructure value and others. Increase in prevalence of implant-associated infections, the surge in global geriatric population, the increase in the number of implantation surgeries, as well as a high incidence of implant-associated infections are some of the major drivers which are propelling the growth of the market. It is expected to expand at a CAGR of 13.8% from 2018 to 2026.
Influencing Trend:
Technology Advancement of the Antimicrobial Coating and Increasing Concern Regarding the Growth of Hospital-Acquired Infections among Human Beings
Market Growth Drivers:
Growing Demand of Antimicrobial Coatings Due to Growing Number of Diseases, Rising Market Penetration for Indoor Air Quality Products and High Living Standards Coupled with Rising Healthcare Expenditure
Challenges:
High Costs of Raw Materials Involved in Antibacterial Coating and Time-Consuming Regulatory Approvals and Lack of Technological Awareness in Developing and Under Developed Nations
Restraints:
Regulatory Standards defined by Environmental Protection Agency (EPA)
Opportunities:
Development of effective Antibacterial Coating for Medical Implants and Presence of Untapped Market
The Antibacterial Coatings market study is being classified by Type (Silver, Copper and Others), by Application and major geographies with country level break-up.
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global antimicrobial coatings market can witness an upsurge in the forecast period. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Antibacterial Coatings market throughout the predicted period.
AkzoNobel N.V. (Netherlands), BASF SE (Germany), Diamond Vogel (United States), Axalta Coating Systems (United States), Nippon Paint Company Ltd (Japan), PPG Industries Inc. (United States), Royal DSM (Netherlands), RPM International Inc. (United States), The Dow Chemical Company (United States) and The Sherwin-Williams Company (United States are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Antibacterial Coatings market by Type, Application and Region.
On the basis of geography, the market of Antibacterial Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On October 2017, the RPM International Inc. (United States) Company had announced that its USL Group had acquired Ekspan Holdings Limited (United Kingdom) Company, which is a provider of movement control products as well as services for bridges and major structures. This acquisition has helped in the expansion of the company in the United States
On September 2016, the BASF SE (Germany) Company had launched antimicrobial admixture for concrete protection. This new product launch will help in strengthening the position of the company in Germany. and On August 2015, the Nippon Paint Company Ltd (Japan) Company had launched a new paint formula to safeguard against Hand, Foot and Mouth Disease (HFMD) and the H1N1 virus, which is an anti-bacterial coating to inhibit the growth of viruses and bacteria on painted surfaces. Therefore, this would help in enhancing the customer base of the company.
Key Target Audience
Raw Material Suppliers, Technology Providers, Antimicrobial Coatings Manufacturers, Companies in End-Use Industries, Government & Industry Associations and Regulatory Bodies
Antibacterial Coatings Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Antibacterial Coatings Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Antibacterial Coatings industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.