According to a new market report published by Lucintel, the future of
the global antimicrobial
coating market looks promising with opportunities in building &
construction, medical, food & beverages, and textile industries. The global
antimicrobial coating
market is expected to reach an estimated $5.9 billion by 2025 with a CAGR of 8.8%
from 2020 to 2025. The major drivers for this market are increasing concern
about health and hygiene and growing demand of antimicrobial coatings in
building and construction, medical, and food & beverages industries.
In this market, various biocides, such as silver, copper, zinc,
quaternary ammonium compounds, and octylisothiazolinone are used in various resin system to improve
antimicrobial properties in coatings for
various end use industries. Lucintel forecasts that silver
biocides based antimicrobial coating will remain the largest segment due to it’s better antimicrobial properties.
Quaternary ammonium compounds based antimicrobial coating is expected to witness
the highest growth during the
forecast period due to its organic properties, low toxic level, and wide range
of applications.
Within this market, antimicrobial
coating for building & construction will remain the largest segment due to
increasing demand for antimicrobial coatings in HVAC systems and growing health
concern. Lucintel predicts that antimicrobial coating for medical is expected
to witness the highest growth during the forecast period supported by increasing
need of coating system to prevent bacteria and germs on medical devices and
instruments.
North America will remain
the largest region and it is also expected to witness the highest growth over
the forecast period due to high standards of living and increasing awareness
regarding healthcare in this region.
Emerging trends, which have a direct impact
on the dynamics of the industry, include increasing use of layer by layer
antimicrobial dip coating process and development of new technology to extract
antimicrobial from natural sources. Akzo Nobel, Sherwin-Williams, PPG, Axalta and BASF are the major manufacturer of antimicrobial
coating.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global antimicrobial coating market
by resin type, end use industry, biocides type, and region. Lucintel has compiled a comprehensive
research report entitled “Growth
Opportunities in the Global Antimicrobial Coating Market 2020-2025: Trends,
Forecast, and Opportunity Analysis”. The Lucintel report serves as a
catalyst for growth strategy, as it provides comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
global antimicrobial coating market by resin type, end use industry, biocides type, and region, as follows:
By Resin
Type [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
- Acrylic
- Polyester
- Polyurethane
- Epoxy
- Others
By End
Use Industry [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
- Building
& Construction
- Medical
- Food
& Beverages
- Textile
- Others
By Biocides
Type [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
- Silver
- Copper
- Zinc
- Quaternary
Ammonium Compounds
- Octylisothiazolinone
- Others
By Region [Value ($M) and Volume (M
lbs) shipment analysis for 2014 – 2025]:
- North America
−
USA
−
Mexico
−
Canada
- Europe
−
Germany
−
Russia
−
UK
−
Italy
−
France
- Asia Pacific
−
China
−
India
−
Japan
−
South
Korea
- The
Rest of the World
−
Turkey
−
UAE
This 280-page research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel offerings
include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Due
Diligence.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. Lucintel offers market assessments, competitive analysis, opportunity
analysis, growth consulting, M&A, and due diligence services to executives
and key decision-makers in a variety of industries. For further information,
visit www.lucintel.com.
This report answers the following
11 key questions:
Q.1. What are some of the most promising,
high-growth opportunities for the antimicrobial coating market by resin type (acrylic,
polyester, polyurethane, epoxy and others), end use industry (building
& construction, medical, food & beverages, textile and others), biocides
type (silver, copper, zinc, quaternary ammonium compounds, octylisothiazolinone
and others), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key
challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this
market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the market? Which companies are
leading these developments?
Q.9. Who are the major players in this market? What strategic
initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry
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