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]:
By End Use Industry [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
• Building & Construction
• Food & Beverages
By Biocides Type [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
• Quaternary Ammonium Compounds
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025]:
• North America
• Asia Pacific
− South Korea
• The Rest of the World
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 firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Due Diligence.
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?