Antimicrobial Coatings Market Is Expected To Reach USD 3.3 Billion Globally by 2018: Transparency Market Research
Albany, New York (PRWEB) January 22, 2013
North America is the global leader in antimicrobial coatings and dominates the demand for these products.
Owing to the ability to ward off microbial growth effectively, there is a growing demand for antimicrobial coatings in medical applications such as catheters and medical devices. With growing awareness of the adverse effects of indoor-air pollution, there has 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 in apparel use, health issues associated with the use of active silver and stringent regulatory scenario are expected to hamper antimicrobial coating demand in the near future.
Related Report: http://www.transparencymarketresearch.com/russia-mdi.html
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 alternative compounds. Antimicrobial powder coatings demand is expected to grow at a CAGR of 12.4% in terms of revenues and at a CAGR of 9.1% in terms of volumes, from 2012 and 2018. Surface modifications and coatings account for the larger of the two product-based market shares and are expected to grow at a CAGR of over 8% 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 coating 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 demand 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, antimicrobial coating demand from these applications is expected to grow at a high CAGR of 13.1% from 2012 to 2018.
Key participants in this market include AkzoNobel N.V., Sherwin-Williams Company, Dow Microbial Control and Diamond Vogel Paints. Market is somewhat fragmented with the presence of 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 present across the antimicrobial coatings value chain.