San Francisco, California (PRWEB) April 02, 2014
The global antimicrobial coatings market is expected to reach USD 4,520.3 million by 2020, according to a new study by Grand View Research Inc. Growing demand for medical device coatings is expected to remain a key market driver over the next six years. In addition increasing market penetration of indoor air quality products, mainly in the U.S. is also expected to have a positive impact on the market over the forecast period.
Stringent regulatory scenario, primarily in Europe and U.S. on account of increasing health concerns and the issues and costs associated with product registration is expected to remain a key challenge for the industry participants over the next six years. Additionally, volatile prices of silver and other raw materials are also expected to have a dampening effect on market profitability.
The report “Antimicrobial Coatings Market Analysis And Segment Forecasts To 2020” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/antimicrobial-coatings-market
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the antimicrobial coatings market on the basis of product, application and region:
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