Knowledge Sourcing Intelligence launches the publication of a new report on “Antimicrobial coating Market – Forecasts from 2019 to 2026” to their giving.
The prime factor driving the growth of the Antimicrobial Coating Market is the surge to find a solution for healthcare-associated infections.
As per the report, the Antimicrobial Coatings Market is projected to grow at a CAGR of 12.05% to reach US$8.914 billion by 2026, from US$4.020 billion in 2019.
Antimicrobial Coating is a coating applied to a surface to get protection against harmful micro-organisms. The increasing concern for the medical industry is many healthcare-associated infections. And to curb this issue, hospitals are increasingly adopting the use of antimicrobial coatings, this is anticipated to propel the growth of the antimicrobial coating market during the forecast period. Rising awareness for hygiene and cleanliness all over the world also is expected to drive the growth in the antimicrobial market during the next five years. However, no evidence has been found which proves that antimicrobial coating protects against bacteria and germs while recommending proper cleaning and hand-wash to be the best ways for preventing infection.
Due to the rising interest in cleanliness and hygiene after the pandemic, several companies are launching new antimicrobial coatings products in the market. This has further anticipated to augmenting the demand for antimicrobial coatings. As the consciousness for hygiene and cleanliness globally due to the outbreak of Covid-19 is expected to stay for a longer duration, the antimicrobial coating market is expected to continue growing during the forecast period.
The antimicrobial coating market has been fragmented the applications, type, and geography. Based on the type, the antimicrobial market is segmented into Silver, Copper, Titanium Dioxide, and others. Owing to the advantages over other types, Silver is projected to hold the highest market share in the antimicrobial coating market. Silver being non-toxic to humans is highly effective against various kinds of bacteria, fungi, algae, and viruses. This makes its effective use in the healthcare industry. The Silver-based coating is long-lasting, highly durable compared to other types of coatings, it does not wash off, and does not wear away or leach out of the product’s surface. Thus, silver is preferred highly in comparison with other antimicrobial coatings. Additionally, increasing demand for silver-based antimicrobial coatings from medical, food and beverages, also boosts the silver-based segment market in the antimicrobial coating market.
Whereas based on the application, the classification has been done into Textiles, Construction, and building, Medical and healthcare, Food and Beverage, HVAC System, and others.
Based on the Geography, the antimicrobial coating market is segmented into North America, the Middle East and Africa, and the Asia Pacific. North America is projected to hold a significant market share owing to a world-class healthcare system that is open to adopting innovative technologies, and high healthcare investment. Whereas the Asia Pacific is estimated to a substantial growth due to the high prevalence of healthcare-associated infections in developing countries.
As a part of the report, the major players operating in the antimicrobial coating market, that have been covered are AkzoNobel, DuPont de Nemours, BASF SE, Royal DSM, Specialty Coating Systems, Nippon Paint, PPG Industries, The Sherwin-Williams Company, Axalta Coating Systems, RPM International, Burke Industrial Coatings LLC, and others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/antimicrobial-coatings-market
This analytics report segments the industrial PC market on the following basis
- By Type
- Titanium Dioxide
- By Application
- Medical & Healthcare
- Construction & Building
- Food & Beverage
- HVAC System
- By Geography
- North America
- South America
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America