Antimicrobial coatings reduce the growth of microorganisms on different materials and surfaces. Use of strong antimicrobial agents makes these coatings popular across different environments including industrial areas, medical institutes, research laboratories and home environments. Healthcare industry is the primary user of these coats as they grant safety and sterilization to the patients as well as instruments in those surroundings. Growing popularity across residential areas and technological advancements are driving the demand for the global antimicrobial coatings market in the near future. The industry is set to witness steady rise in demand, especially from the developing countries. Growth in healthcare facilities in these regions is also considered to be a strong driver for the market in these regions.
Scope of Research – Segmentation
The global antimicrobial coatings market is segmented on the basis of the major components of the market. These components include the types of coatings, their applications and demand recorded across different geographic regions. The basic types of coats include silver, copper and others. Major applications of these coatings include in the industries like medical and healthcare, indoor air and HVAC, textile, food and beverages, mold remediation, construction and building, and others like personal care and agricultural products. On the basis of the geographic regions, the global industry is categorized into North America, Europe, Asia Pacific and the rest of the world.
Drivers and Restraints
The antimicrobial coatings market is driven by the changing demand patterns in the world. The industry is witnessing strong rise in demand since the past few years with the rising demand from healthcare and construction industries. Growing concern over antibiotic products, rise in the number of aging population, and regulatory pressures on school, government institutes and other buildings are driving the market for antibiotic coatings in the global market. Major restraints for the industry include functionality and efficacy of silver coatings and false sales from different companies. Growing demand from the emerging regions like Asia Pacific, Middle East and Africa and Latin America are also creating positive growth prospects for the industry.
According to the analysis of the growth drivers, restraints and basic segmentation in the industry, researchers expect steady growth in the industry during next few years. The global antimicrobial coatings market is expected to grow at a steady CAGR of over 11% to become worth more than $2.9 billion by the end of the year 2018. In 2013, the market was estimated to be worth $1.5 billion. New research and development activities and products developments are expected to help the industry maintain growth during the forecasting period.