The
global antimicrobial coatings market is expected to reach
USD 8.43 billion by 2025, according to a new report by Grand View Research,
Inc. Increasing concern among professional industry manufactures about cleaning
and to prevent buildings against the growth of bacteria, mold and fungi are
expected to drive the overall market growth.
Recent
food poisoning outbreaks coupled with high rates of hospital-acquired
infections had heightened the awareness among people. Nowadays, people mainly
insist on safe and healthy products by offering more for such goods and
services.
Silver
based biocides are widely used in medical grade applications owing to its
excellent antimicrobial properties. Recently, a new U.S. based is
othiazolin-based biocide, n-butyl-1,2-benzisothiazolin-3-one is also used as an
antimicrobial agent to prevent the spread of germs. Moreover, rising demand for
implantable medical devices and increasing burden of cardiovascular diseases is
expected to aid the overall market demand over the next eight years.
However,
stringent regulations issued by both U.S. and the European Union are
anticipated to critically affect the industry over the next eight years.
Companies’ products have to be approved and registered with EPA for their
specific requirement in which they are used. Recently, manufacturers
incorporated antimicrobial agents in the bulk material, which is considered a
viable alternative for its application in antibiotics.
U.S. powder
antimicrobial coatings market volume, 2014 - 2025 (Kilo Tons)
Browse full research report on Antimicrobial
Coatings Market: http://www.grandviewresearch.com/industry-analysis/antimicrobial-coatings-market
Further
Key Findings From the Study Suggest:
- The global antimicrobial coatings market demand
was 372.9 kilotons in 2015 and is expected to exceed 1 million tons by
2025, growing at a CAGR of 10.4% from 2016 to 2025
- Mold remediation is expected to witness the
highest CAGR of 11.1% over the forecast period. The cost involved in
remediating a mold-infested building can be staggering, especially when
the building has inferior coatings.
- These coatings provide long-term protection
against growth and spread of bacteria, mold, and fungi. After Shock is an
antimicrobial coating, registered under EPA which is designed to kill
mildew and residual mold.
- Air conditioning and ventilation segment were
accounted for over 25% of the overall volume in 2015. These products
help to deter the growth of micro-organisms in heating, ventilation and
air conditioning systems. AgION coated materials inhibit the growth of
different microbes.
- The industry is characterized by the presence
of multinational companies which holds the major chunk of the total
revenue. Industry participants mainly include Diamond Vogel, Dow Microbial
Control, AkzoNobel N.V and Sherwin Williams.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-antimicrobial-coatings-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, the company offers market intelligence studies
ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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