Antimicrobial coatings market is expected to grow to US$5.401 billion by 2022, from US$4.944 billion in 2015 at a compound annual growth rate of 9.59% over the forecast period. Antimicrobial coatings ensure and maintain surface quality, and prevent the formation of rust, cracks, bubbles, algae, and fungus. The global Antimicrobial Coatings Market is expected to grow significantly over the forecast period owing to the increasing demand across various end-user industries. Major players are increasingly investing in the research and development for future advancement in technology of antimicrobial coatings for different other applications. Growth in research and development facilities and new product developments are also influencing the growth of this Market. Other major growth drivers include aging population in the developed countries and government regulations. However, health hazards with regard to usage of silver in antimicrobial coatings and governmental interference in several European countries and the U.S. are expected to restrain the market growth. Americas region will be the biggest market for antimicrobial coatings in 2017, while Asia Pacific region will exhibit the fastest growth over the next five years.
This section of the report presents detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
Comprehensive market dynamics has been analyzed through key market driving factors, challenges to growth and the opportunities which exist for vendors in the current scenario. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Antimicrobial Coatings. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Antimicrobial Coatings Market has been segmented on the basis of type, industry verticals, and geography as follows:
By Industry Verticals
Food and Beverage
Europe Middle East and Africa
Middle East and Africa
Competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Akzonobel, BASF, DowDuPont and PPG Industries among others.