Global Antimicrobial Coatings Market: Key Highlights
Global Antimicrobial Coatings Market: Key Market Dynamics
Global Antimicrobial Coatings Market: Regional Overview
Asia-Pacific region is expected to register the highest CAGR during the forecast period due to rapid industrialization and urbanization. The increasing population results in increasing construction activities in emerging countries such as India, China, South Korea is the major factor behind the growth of the antimicrobial coating market in the Asia Pacific region. Moreover, the increasing food industry and increasing expenditure on healthcare sector are also expected to boost the market in this region.
Presence of large food and healthcare industries in the region is likely to drive the demand for antimicrobial coatings. This is attributed to the various government initiatives for creating health and hygiene awareness among the consumers. Moreover, rising consumer awareness on the harmful effect on food contamination includes such as cramps, food processing, and infections are factors which expected to boost the market in this region.
Global Antimicrobial Coatings Market: Key Players Overview
Akzo Nobel N.V. is a Netherlands based company, specialized in the manufacturing the paints and coating products. The company has world-class renowned brands namely, Dulux, International, Sikkens, and Interpon. In November 2019, Akzo Nobel N.V. acquired Mapaero, a French aerospace coatings manufacturer company. This acquisition will help to Akzo Nobel N.V. increase the foothold into aerospace coatings.
DuPont offers its specialty solutions to the various industries including automotive, electronics, food & beverage, building & construction, textile, and healthcare among others. The company’s Nutrition & Biosciences business segment offers antimicrobial coating solutions for the food & beverage, dietary supplement, and pharmaceutical industries. In December 2019, DuPont’s Nutrition & Biosciences merged with the IFF (International Flavors & Fragrances Inc.) in Reverse Morris Trust transaction. The combination of the IFF and DuPont will manufacture high-value coating ingredients and solutions for food & beverage, health & wellness, and home & personal care markets. The deal worth is around USD 45.4 billion and DuPont owned 55.6% shares and 44.6%. shares of IFF.
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