Global antimicrobial coatings market size is expected to amass US $7.5 billion by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
Antimicrobial coatings (AMC) are paint formulations including biocides that improve resistance towards fungi, bacteria, and other pathogens. These coatings are used on numerous substrates in different applications like food processing & packaging, medical, textiles, HVAC, automotive, and other consumer goods. Biocides used in formulations include organo-silane, copper, nano-silver, and few other quaternary products.
AMC have demonstrated great potential in the reduction of nosocomial infections and are progressing towards broader use in clinical sector. Hence, rapid advancements in the medical industry coupled with increase in number of hospitals would further propel global antimicrobial coating industry growth.
According to the report, factors like therapeutic advances, changing clinical care patterns, and high-quality services have enhanced interventions for contagious diseases, which has amplified healthcare spendings. The increase in healthcare spendings is positively impacting product demand.
Antimicrobial coatings have witnessed rising adoption in other end-use applications like HVAC, where it is applied on vents and other mechanical surfaces. It also has numerous applications in food processing & packaging industry where it is to increase the shelf life of goods. With increase in disposable income, fast-paced consumer lifestyle, and surging demand for ready-to-eat food products, the food industry has found several applications for AMCs.
AMC industry is also subjected to strict regulatory standards for maintaining quality of products. Companies manufacturing antimicrobial coatings are required to conduct full toxicity testing, including environmental assessment as directed by the Central for Disease Control (CDC) guidelines. In addition, manufacturers are also required to collaborate to develop clinically significant testing methods and align marketing and sales claim with the EPA (Environmental Protection Agency) FIFRA.
Technological enhancements have played a pivotal role in AMC market growth. The industry has witnessed noteworthy advancements in materials like nano-silver. Moreover, ongoing R&D initiatives are aiding market growth. Credible reports claim that Anti-Microbial Coatings Innovations (AMiCI) consortium is also currently studying the development, regulation, and real-life use of AMC coatings.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/1695173/
Based on the regional landscape, North America is slated to dominate global AMC industry growth, followed by key markets like Western Europe and Asia Pacific. The U.S. with highest healthcare spending is a key driver for the regional market. Moreover, rise in geriatric population across nations like Japan has boosted spending in the medical industry, supplementing APAC antimicrobial coatings market size.
Some of the key companies operating in the global antimicrobial coatings industry include BASF SE, Dow DuPont, Akzo Nobel N.V., AK Coatings, Inc., Biointeractions Ltd., Lonza Group Ltd., PPG Industries Inc., and Covalon Technologies Ltd. The company profiles of key market players have also been documented in the report along with their business overview, product benchmarking, financials, and recent developments.
The report delivers an extensive analysis of antimicrobial coatings market drivers, restraints, and opportunities between 2018–2026. It also offers an in-depth analysis of antimicrobial coatings market based on raw material, product type, end-use application, and regional landscape.