Antimicrobial Coatings Market worth $2.9 Billion by 2018

Tuesday 14 January 2014, Amsterdam

Antimicrobial coatings offer different properties as per the coatings manufacturing and their application requirements in the end products. The silver antimicrobial coatings have high demand at a global level and its manufacturing is majorly dominated by North America. The other applications such as textile, food & beverages, and building & construction have tremendous opportunities for the antimicrobial coatings industries.

The antimicrobial coatings manufacturing companies and research institutions are infusing high investment for the future advancements and technology of antimicrobial coatings for other different applications. North America is the largest region followed by Asia-Pacific and Europe. The countries such as China, India, Japan, and others are growing markets for antimicrobial coatings. The major players in the antimicrobial coatings industry include AkzoNobel, BASF, DuPont, DOW, PPG Industries, Sherwin-Williams, Kansai, and others. And North America is the global hub for major antimicrobial coatings manufacturers and their headquarters in the U.S.

The end-user industry from the textiles, heating, ventilation, air-conditioning, bathroom fittings, and other medical and electronic devices are driving the market for antimicrobial coatings by offering new silver, copper, or zinc coated antimicrobial products to the end customers.

The market demand for Antimicorbial Coatings is analyzed is analyzed by considering every possible factor that affects this coatings market. The materials demand, in terms of the value and volume market, depicts current and future projections according to parallel economic and industrial outlook. This analysis covers the major developments, expansions, agreements, and mergers & acquisitions of leading global companies.

The global Antimicrobial Coatings Market’s worth in 2012 is $1.5 billion and is estimated to reach $2.9 billion by 2018, growing at a CAGR of 11.8% from 2013 to 2018 under normal conditions. The high demand across the industries such as indoor air/HVAC, medical, mold remediation, building & construction, food & beverages, and textiles will increase the overall materials consumption.