Antimicrobial Coatings Market Is Expected To Reach USD 3.3 Billion Globally by 2018

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A new market report titled 'Antimicrobial Coatings Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018,' by Transparency Market Research observes that the antimicrobial coatings demand was worth USD 1.6 billion in 2012 and is estimated to reachUSD 3.3 billion in 2018, growing at a CAGR over 12% from 2012 to 2018. North America is the global revenue leader in antimicrobial coatings and dominates the demand for these products.

Browse the full report at http://www.transparencymarketresearch.com/anti-microbial-coating-market.html

Owing to ability to ward off microbial growth effectively, there is a growing demand for antimicrobial coatings in medical applications such as catheters and other medical devices. With the realization that indoor air pollution can cause more harm to health, there had also been a noticeable rise in the use of antimicrobial coatings in improvement of indoor air quality.

Increased use of plastic packaging in food applications has resulted in growing demand for additives and coatings in the food packaging industry. However, factors such as questionable efficacy of coatings used in apparel, health issues associated with the use of active silver as the main ingredient and stringent regulations governing the antimicrobial coatings market are restraining growth.

Active silver has emerged as the most widely used raw material for antimicrobial coatings as it is believed to show the highest efficacy levels compared to other compounds. Antimicrobial powder coatings demand is expected to grow at a CAGR of 12.4% by volumes and at a CAGR of 9.1% by volume, from 2012 and 2018. Surface modifications and coatings account for the larger of the two product-based market shares and are expected to show steady growth rates at CAGR of 8.8% by volume and at CAGR of 12.2% by revenue from 2012 to 2018. The market has also been segmented on the basis of the microbes; the coatings offer protection against such as E. Coli, Listeria, Pseudomonas and others.

Antimicrobial coatings demand for indoor air quality is expected to grow at a CAGR of 12.8% from 2012 to 2018. Similarly hospitals and healthcare centers have a need for antimicrobial atmosphere and coatings have been adapted accordingly for exclusive use in medical locations. The medical/healthcare market demad for antimicrobial coatings is therefore expected to grow at a CAGR of 12.6% from 2012 to 2018.

In case of mold formation, various coatings and products containing antimicrobial substances are being put to use as an aftercare method. Most of the buildings where mold aftercare is necessary are older than five years and hence the market is expected to grow at a high CAGR of 13.1% from  2012 to 2018.

The key market players include AkzoNobel N.V., Sherwin-Williams Company, Dow Microbial Control and Diamond Vogel Paints. There are many other market players such as BASF, E.I. du Pont de Nemours & Company (DuPont), Nippon Paint Co. Ltd., RPM International Inc., Royal DSM N.V., Sono-Tek Corporation and others that also have good market bases in antimicrobial coatings.

Browse the full report at http://www.transparencymarketresearch.com/anti-microbial-coating-market.html 

This market study provides in-depth and exhaustive nanlysis of the global antimicrobial coatings market. The market has been segmented on three different levels, which are described below:

Antimicrobial coatings market, by product type

Antimicrobial powder coatings

Silver

Others

Surface modifications and coatings

E. Coli

Listeria

Pseudomonas

Others

Antimicrobial coatings market, by application

Indoor air quality

Mold remediation

Medical/healthcare

Antimicrobial textiles

Construction

Food

Others

In addition the report provides a cross-sectional analysis of the application sub-segments with respect to the following geographical markets

Antimicrobial coatings market, by geography

North America

Europe

Asia-Pacific

Rest of the World (RoW)

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