Antimicrobial Coatings Market To Reach USD 9.8 Billion In 2027 | CAGR 12.4% - Forencis Research

Antimicrobial Coatings Market Size, Share, Trends, Growth, Analysis, Research

Global Antimicrobial Coatings Market: Key Highlights

  • According to the new market research report Antimicrobial Coatings Market by Product Type (Antimicrobial Powder Coating and Antimicrobial Surface Modifications & Coatings), by Application (Food Processing and Packaging, Healthcare, HVAC, Building & Construction, Textiles, Mold Remediation, and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, and South America) – Global Forecast From 2020 To 2027”, the global antimicrobial coatings market is estimated to reach USD 9.8 Billion in 2027 at a CAGR of 12.4% during the forecast period 2020-2027.
  • Increasing demand form the healthcare sector and growing health awareness among the people worldwide are expected to boost the global antimicrobial coatings market
  • However, the harmful effect of the silver nanoparticles is expected to hinder the market growth up to a certain extent

Antimicrobial Coatings Market

Global Antimicrobial Coatings Market: Key Market Dynamics

  • The antimicrobial coatings are widely used in the healthcare industry to inhibit the growth of the bacteria. Sometimes medical device gets contaminated by the bacteria before the implantation procedure and it may affect the patient’s health. To avoid these infection, medical devices are coated by antimicrobial coatings. Thus increasing demand form the healthcare sector for antimicrobial coatings is expected to boost the market during the forecast period.
  • However, silver nanoparticles are the key raw material used to manufacture the antimicrobial coating. Silver nanoparticles may cause skin irritations & allergen, thus it has been considered as the genotoxic to mammalian cells. The adverse effect of the silver nanoparticles on the human body is may hinder the growth of the antimicrobial coatings market.

Global Antimicrobial Coatings Market: Regional Overview

  • Asia-Pacific

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.

  • North America

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.

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

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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Rep Id : CM 050

Published : 2020-01-28

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