Antimicrobial coatings inhibit the ability of microorganisms to grow on different materials. Healthcare industry has been making maximum use of this type of coating for sterilization of medical devices and to avoid contact with different infections associated with hospitals. Apart from medical devices, clothing and linens in the hospital is also secured with use of this coating material. However, evolving technology in antimicrobial coatings market is increasing applications of these products. Growth in applications is influencing the demand and adoption pattern of these products across different parts of the world. Constant evolution in the industry techniques is expected to be a major driver for the industry.
Scope of Research in Antimicrobial Coating Industry
Contraction with hospital-associated infections causes many casualties across the world. Antimicrobials inactivate various harmful microbes and safeguard health and wellbeing of the patients as well as other people in the vicinity. These products are effective against various types of viruses, molds, fungi and bacteria. The major additives include copper, silver, zinc oxide, titanium dioxide, zirconium, zinc omadine and other additives. Global antimicrobial coatings market is categorized based on the types of coatings, their applications, manufacturers and geographic demands. Basic coating types include silver, copper and various aforementioned products.
- Applications: Indoor air, HVAC, mold remediation, medical, building and construction, textile, food and beverages and others
- Manufacturers: Paints and coatings, pigments, resins, additives, feedstock chemicals, traders, distributors and coating associations, regional manufacturers, governments and end user industries
- Geography: Asia Pacific, North America, Europe and rest of the world
Market Trends and Forecasting Reports
Concern about antibiotic products, regulatory pressures on hospitals, schools and various other buildings, aging population across developing countries, demonstrating efficiency and functionality of silver based coatings, evolution in terms of technology and rising demand from emerging markets are some of the major driving factors for the global antimicrobial coatings market. Owing to these prevailing trends, the industry for antimicrobials is expected to grow at a steady compound annual growth rate. According to the market research reports, the market is expected to grow at an anticipated CAGR of over 11% from 2013 to 2018.
At the estimated CAGR, the market is expected to reach $2.9 billion by the end of 2018. In 2013, the market was worth $1.5 billion. Geographically, North America is poised to maintain its dominance over the rest of the regions. Asia Pacific on the other hand is expected to witness remarkable growth during the forecasting period.