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The global antimicrobial
coatings market size is predicted to reach USD 8,650.7 Million by 2027,
exhibiting a CAGR of 11.5% during the forecast period. The rising awareness
regarding the advantages of active ingredients found in antimicrobial coatings
to prevent microbial growth in the wall, door handles and other indoor objects
will accelerate the antimicrobial coatings market growth, states Fortune
Business Insights in a report, titled Antimicrobial Coatings Market
Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and
Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical
& Healthcare, Indoor Air / HVAC, Mold Remediation, Building &
Construction, Food & Beverage, Textile, and Others), and Regional Forecast,
2020-2027” the market size stood at USD 3,690.0 Million in 2019. The
rising prevalence of diseases will spur significant demand for antimicrobial
coatings in prevention and protection against mold, fungi, and bacteria during
the forecast period.
Market Driver:
Strong Utilization of
Antimicrobial in Disease Prevention to Improve Business Prospects
The increasing application
of antimicrobial coatings in healthcare facilities can be a vital factor in
inflating the demand of the market. For instance, Healthcare-related infections
(HCAI), also known as nosocomial infections lead to a high rate of morbidity
and mortality in patients. As per the World Health Organization, Fact Sheet,
Hundreds of millions of patients are affected by healthcare-associated
infections worldwide each year, leading to significant mortality and financial
losses for health systems. The rising cases of HCAI in the developing nations
will create opportunities for the market. The World Health Organization, states
in high-income countries, approximately 30% of patients in intensive care units
(ICU) are affected by at least one healthcare-associated infection. Likewise,
the European Center for Disease Prevention and Control (ECDC) estimates that
about 4.1 million acute care patients develop an HCAI annually, with 37,000
deaths directly attributed to HCAI. The increasing cognizance of HCAI and
pandemics such as COVID-19 will lead to the improvement in the safety and
hygiene of patients in hospitals, which, in turn, will aid the expansion of the
market. Also, the rising concertation to prevent the growth of microbes, which
can lead to infections or cause product degradation will foster healthy growth
of the market.
Market Trend:
The antimicrobial coatings
market is experiencing a surge in popularity, poised for significant growth.
This trend is driven by an increasing emphasis on hygiene across various
sectors. From healthcare (medical devices, wound dressings) to construction
(walls, HVAC systems) and even food (surfaces to prevent spoilage),
antimicrobial coatings are finding wider application. These coatings work by
inhibiting or eliminating the growth of microbes, promoting cleanliness and
potentially reducing the spread of germs. As awareness about hygiene and
healthcare continues to rise, expect antimicrobial coatings to become even more
widespread in the years to come.
Source: https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784
Market Restraint:
Hazardous Effects of
Antimicrobial on the Environment to Restrict Growth
The toxic agents found in
antimicrobial coatings can lead to severe environmental damage, which can
consequently dampen the growth of the market. Active ingredients released from
the coatings end up in different locations, thus leading to microbiota exposure
and potential adversities for the environment. The rising knowledge of
antimicrobial coatings risk-factors is likely to dwindle the market revenue
during the forecast period. The biocidal products are potentially lethal, i.e.
they exhibit toxic properties to various types of cells or organisms due to
inhibition of target organism proliferation such as pathogenic bacteria or
microorganism biofilms.
Regional Analysis:
Favourable Laws and
Policies will Strengthen Market in North America
The market size in North
America stood at USD 1,383.5 million in 2019. North America and is likely to
remain dominant during the forecast period. The growth in the region is
attributed to the rising demand for antimicrobial coatings in indoor air / HVAC
and medical applications. Favourable Healthcare Policies and laws will further
promote the market in North America. The rising demand from the food &
beverages and apparel industry in the U.S. and Canada will support the growth
in North America. The increasing living standards of people along with the
rising healthcare spending in the U.S. will further aid the development of the
market. The growing innovation in the healthcare industry and the growing
production of processed foods will contribute positively to the market in North
America.
Significant Development:
January 2019: Akzo Nobel N.V., a global
leader and produced of powder coatings, announced that its Interpon AM range,
containing Bircotes antimicrobial protection was selected to be applied on
2,350 door handles in Abu Dhabi clinic. This coating combats the growth of
microbes such as bacteria and mold.
The Report Lists the Main
Companies in the Antimicrobial Coatings Market
• Akzo
Nobel N.V.
• Axalta
Coating Systems
• PPG
Industrial Coatings
• John
Desmond Limited
• BASF
SE
• Nippon
Paint (India) Company Limited
• The
Sherwin-Williams Company
• DuPont
• Damond
Vogel
The global antimicrobial
coatings market size is predicted to reach USD 8,650.7 Million by 2027,
exhibiting a CAGR of 11.5% during the forecast period. The rising awareness
regarding the advantages of active ingredients found in antimicrobial coatings
to prevent microbial growth in the wall, door handles and other indoor objects
will accelerate the antimicrobial coatings market growth, states Fortune
Business Insights in a report, titled Antimicrobial Coatings Market
Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and
Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical
& Healthcare, Indoor Air / HVAC, Mold Remediation, Building &
Construction, Food & Beverage, Textile, and Others), and Regional Forecast,
2020-2027” the market size stood at USD 3,690.0 Million in 2019. The
rising prevalence of diseases will spur significant demand for antimicrobial
coatings in prevention and protection against mold, fungi, and bacteria during
the forecast period.
Market Driver:
Strong Utilization of
Antimicrobial in Disease Prevention to Improve Business Prospects
The increasing application
of antimicrobial coatings in healthcare facilities can be a vital factor in
inflating the demand of the market. For instance, Healthcare-related infections
(HCAI), also known as nosocomial infections lead to a high rate of morbidity
and mortality in patients. As per the World Health Organization, Fact Sheet,
Hundreds of millions of patients are affected by healthcare-associated
infections worldwide each year, leading to significant mortality and financial
losses for health systems. The rising cases of HCAI in the developing nations
will create opportunities for the market. The World Health Organization, states
in high-income countries, approximately 30% of patients in intensive care units
(ICU) are affected by at least one healthcare-associated infection. Likewise,
the European Center for Disease Prevention and Control (ECDC) estimates that
about 4.1 million acute care patients develop an HCAI annually, with 37,000
deaths directly attributed to HCAI. The increasing cognizance of HCAI and
pandemics such as COVID-19 will lead to the improvement in the safety and
hygiene of patients in hospitals, which, in turn, will aid the expansion of the
market. Also, the rising concertation to prevent the growth of microbes, which
can lead to infections or cause product degradation will foster healthy growth
of the market.
Market Trend:
The antimicrobial coatings
market is experiencing a surge in popularity, poised for significant growth.
This trend is driven by an increasing emphasis on hygiene across various
sectors. From healthcare (medical devices, wound dressings) to construction
(walls, HVAC systems) and even food (surfaces to prevent spoilage),
antimicrobial coatings are finding wider application. These coatings work by
inhibiting or eliminating the growth of microbes, promoting cleanliness and
potentially reducing the spread of germs. As awareness about hygiene and
healthcare continues to rise, expect antimicrobial coatings to become even more
widespread in the years to come.
Source: https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784
Market Restraint:
Hazardous Effects of
Antimicrobial on the Environment to Restrict Growth
The toxic agents found in
antimicrobial coatings can lead to severe environmental damage, which can
consequently dampen the growth of the market. Active ingredients released from
the coatings end up in different locations, thus leading to microbiota exposure
and potential adversities for the environment. The rising knowledge of
antimicrobial coatings risk-factors is likely to dwindle the market revenue
during the forecast period. The biocidal products are potentially lethal, i.e.
they exhibit toxic properties to various types of cells or organisms due to
inhibition of target organism proliferation such as pathogenic bacteria or
microorganism biofilms.
Regional Analysis:
Favourable Laws and
Policies will Strengthen Market in North America
The market size in North
America stood at USD 1,383.5 million in 2019. North America and is likely to
remain dominant during the forecast period. The growth in the region is
attributed to the rising demand for antimicrobial coatings in indoor air / HVAC
and medical applications. Favourable Healthcare Policies and laws will further
promote the market in North America. The rising demand from the food &
beverages and apparel industry in the U.S. and Canada will support the growth
in North America. The increasing living standards of people along with the
rising healthcare spending in the U.S. will further aid the development of the
market. The growing innovation in the healthcare industry and the growing
production of processed foods will contribute positively to the market in North
America.
Significant Development:
January 2019: Akzo Nobel N.V., a global
leader and produced of powder coatings, announced that its Interpon AM range,
containing Bircotes antimicrobial protection was selected to be applied on
2,350 door handles in Abu Dhabi clinic. This coating combats the growth of
microbes such as bacteria and mold.
The Report Lists the Main
Companies in the Antimicrobial Coatings Market
• Akzo
Nobel N.V.
• Axalta
Coating Systems
• PPG
Industrial Coatings
• John
Desmond Limited
• BASF
SE
• Nippon
Paint (India) Company Limited
• The
Sherwin-Williams Company
• DuPont
• Damond
Vogel
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