Dublin, Dec. 03, 2020 (GLOBE NEWSWIRE) -- The "Antimicrobial Coatings Market Size, Share & Trends Analysis Report By Product (Surface Modification & Coatings, Antimicrobial Powder), By Application (Medical Devices, Mold Remediation), And Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global antimicrobial coatings market size is anticipated to reach USD 18.8 billion by 2027, registering a CAGR of 12.8% over the forecast period.
Rising demand for cleaning products for protection against fungal and bacterial growth is expected to be the key factor driving the overall market.
The demand for antimicrobial coatings is expected to increase majorly in the medical devices and packaging application industry owing to the COVID-19 pandemic situation around the world. North America is expected to lead the global market due to the strong presence of some of the world's major healthcare products manufacturers in this region.
Moreover, rising demand for implantable medical devices and increasing burden of Cardiovascular Diseases (CVDs) are expected to boost the product demand over the next eight years. Silver-based biocides are widely used in medical application owing to their excellent antimicrobial properties. Based on product, the global market is segmented into antimicrobial powder and surface modification & coatings.
Surface modification and coatings was the prominent product segment and accounted for 53.9% of the global revenue in year 2019. Antimicrobial powder coatings product segment is expected to witness the fastest CAGR from 2020 to 2027 due to the high demand for silver- and copper-based and other coatings. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and high thermal stability.
Antimicrobial Coatings Market Report Highlights
- Mold remediation application segment is expected to witness the highest CAGR of 15.2%, in terms of revenue, over the forecast period. The cost involved in remediating a mold-infested building can be staggering, especially when the building has inferior coatings
- Air conditioning and ventilation segment accounted for the maximum volume share of over 21.7% in 2019
- Antimicrobial coatings help to deter the growth of micro-organisms in heating, ventilation and air conditioning systems. Ag ION coated materials inhibit the growth of different microbes
- North America accounted for 43.4% of the overall revenue share in 2019 and is projected to retain its dominant position throughout the forecast period
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Antimicrobial Coatings Market Variables, Trends, And Scope
3.1 Antimicrobial Coatings Market Segmentation & Scope
3.2 Antimicrobial Coatings Market Size And Growth Prospects, 2016 - 2027 (Kilo Tons) (USD Million)
3.3 Antimicrobial Coatings Market - Value Chain Analysis
3.4 Antimicrobial Coatings Market Dynamics
3.4.1 Market Driver Analysis
18.104.22.168 Growth Of Global Medical Device Coatings Market
22.214.171.124 Increasing Market Penetration For Indoor Air Quality Products
3.4.2 Market Restraint Analysis
126.96.36.199 Stringent Regulations
3.5 Key Opportunities Prioritized
3.6 Industry Analysis - Porter's Analysis
3.7 Antimicrobial Coatings - Pestel Analysis
Chapter 4 Antimicrobial Coatings Market: Product Estimates And Trend Analysis
4.1 Antimicrobial Coatings Market Share By Product, 2019 & 2027
4.2 Antimicrobial Powder Coatings
4.2.1 Global Antimicrobial Powder Coatings Market Estimates And Forecasts, 2016 - 2027 (Kilo Tons) (USD Million)
4.3 Surface Modifications And Coatings
Chapter 5 Antimicrobial Coatings Market: Application Estimates And Trend Analysis
5.1 Antimicrobial Coatings Market Share By Application, 2019 & 2027
5.2 Sanitary Facilities And Kitchen
5.2.1 Global Antimicrobial Coatings Market Estimates And Forecasts In Sanitary Facilities And Kitchen, 2016 - 2027 (Kilo Tons) (USD Million)
5.3 Air Conditioning And Ventilation Systems
5.4 Food Processing And Packaging
5.5 Antimicrobial Textiles
5.6 Mold Remediation
5.8 Medical Devices
5.9 Other Applications
Chapter 6 Antimicrobial Coatings Market: Regional Estimates And Trend Analysis
Chapter 7 Competitive Landscape
7.1 Company heat map analysis
7.2 Vendor landscape
7.3 Competitive environment
Chapter 8 Company Profiles
8.1 Company Overview
8.2 Financial Performance
8.3 Product Benchmarking
- AkzoNobel N.V.
- AK Coatings, Inc.
- Arch Lonza
- Diamond Vogel Paints
- Dow Microbial Control
- Nippon Paint Co., Ltd.
- PPG Industries
- RPM International
- Royal DSM N.V.
- Sono-Tek Corporation
- Sherwin-Williams Company
- Troy Corporation
For more information about this report visit https://www.researchandmarkets.com/r/lk9iqo
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