Antimicrobial Coatings Market - Competitive Analysis
Major companies in the global Antimicrobial Coatings market are the leading paints & coating companies such as PPG, AkzoNoble ,and RPM international. Companies are competiting and investing in R&D for developing better, efficient, and novel products. This market has relatively low barrier for new entrants. Market entrants with a major focus on innovation been observed in recent years. For instance Kastus, a Turkish manufacturer which has focus on product innovation has recently entered into the market.
Antimicrobial Coatings Market – Market Overview
Increasing concerns for cleanliness in end use industries is estimated to propel market demadn for antimicrobial coatings market. Owing to rising concerns in human being for acquired infections from medical equiments in hospitals, the demadn for antimicrobial coatings is bolstering medical industry. Antimicrobial coatings are nowadays replacing powerful cleaning chemicals, and disinfectants used in medical industry. Surgical equipments in healthcare is prominently driving the demadnof antimicrobial coatigs in healthcare industry. Antimicrobial coatings are used to inhibit spread of germs and bacteria among medical professionals, and patients. Growing per capita spending on healthc are is estimated to fuel antimicrobial coatings demand in healthcare industry. Increasing stringent regulation for medical device coatings is antcipated t to propel market demand for antimicrobial coating s demand in healthcare industry.
Apart from healthcare industry, food processing industry is another major end-user of the Antimicrobial coatings market. Increasing production is fueling the overall demadn for antimicrobial coatings across the globe. Growing disposable income and,, food demand are tehe major factors driving global antimicrobial coatings demadn in food processing industry.
Apart from healthcare & food processing indutries, construction, textile, and marine industry are estimated to be the end-use industry driving demand of antimicrobial coatings across the globe. Recently, there is upsurge in demand from residential and commercial buildings is observed. The antimicrobial coatins are used in residential and commercial buildings in order to minimize indoor air polution. Growing concerns for maintaining indoor air quality is catalysing market demand mainly in developed markets in Europe & North America. Need to preserve materials for prolong period during transportation, and stringent regulations are estimated to be the major driving factors for global antimicrobial coatings market
Among different materials used in antimicrobial coatings namely, silver, copper, organic, and polymeric silver materials are widely used invarious industry. Moreover, in near future the materials are antcipated to witness increased growth.
Based on geography, global market is classified as North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. Among various regions North America and Europe are the leading regions in terms of market share the high market share in the region is attributed to the high per capita spending in healthcare and food. Asia-Pacific is estimated to be th emerging market with highest growth rates.
The major regions in the Anti-Microbial coating market are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to register the highest Anti-Microbial coating market share due to the new rules in the food segment. The market in the Asia-Pacific region is increasing at a rapid speed, and it is expected to register the highest CAGR in the Anti-Microbial coating market due to the growing healthcare and construction sector. Europe will also witness a huge growth in the market due to the increasing healthcare infrastructure, expanding food industry. The market in the Middle East & Africa will grow due to the rising healthcare expenditure. Latin America will also be expected to moderate the demand for antimicrobial coating companies due to the increasing infrastructural development in this region.
Industry/ Innovation/ Related News
Jan 2017: Kastus technologies, an Irish startup launched two antimicrobial coatings products. The irist start-up company recently attracted hige investment to produce and market its products. The product launch has highlighted the focus of stratupe on product innovation. Its relatively new entrant in the market and high focus on innovation.
Feb 2017; Foster Corporation launched a new microbial masterbatch coat for the medical device industry. The company has introduced the novel product that can be blend with medical device polymers and is marketing under brand name Combat. The development is in line with the overall market trend to focus on innovation to cater prominent end-use industry.
Sept 2016; BASF SE, one of the leading chemical company launched antimicrobial admixture for concrete protection under the brand name, ‘Masterlife AMA 100’. The development underlines the focus on the manufacturers for providing application specific products. The market leader is expected to stimulate the interests of followers for providing application specific products.
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