New York
City, 04 February 2019: The Report Global Antimicrobial Coatings Market size is estimated to reach USD 7.5 Billion in 2026 says a new
report by Polaris Market Research. Antimicrobial coatings (AMC) are the paint
formulations with biocides to improve resistance towards bacteria, fungi, and
other pathogens. These coatings are used on numerous substrates in different
end-use applications such as textiles, medical, food processing &
packaging, HVAC, automotive and other consumer durables. Several biocides used
in the formulation include copper, organo-silane, nano-silver, and few other
quaternary products.
AMC have
shown great potential in the reduction of nosocomial infections and progress
towards broader utilization in clinical settings. Thus, the growth of medical
industry in tandem with the increase in number of hospitals is a key driver for
the global antimicrobial coating industry. Therapeutic advances, changing
pattern of care in clinics, and high-quality services have prompted more
interventions for communicable diseases, which in turn has risen the healthcare
expenditures.
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These
coating have also witnessed rising growth in other end-uses such as HVAC, where
these are applied on vents and other mechanical surfaces. AMC have numerous
uses in food processing & packaging, where food industry manufacturers use
these to increase the shelf life of the products. With the increase in
disposable income, fast-paced lifestyle of consumers, and the risen demand for
ready-to-consume food products, the food industry has found many applications
for AMCs.
Antimicrobials
coating market is also subjected to regulatory standards for the quality of the
products. The manufacturers of antimicrobial coatings have to conduct full
toxicity testing, including environmental as per the Central for Disease
Control (CDC) guidelines. Moreover, these manufacturers have to collaborate to
develop clinically significant testing methods and align marketing and sales
claim with EPA (Environmental Protection Agency) FIFRA.
Technological
developments have also played a crucial role in the growth of these products.
The industry has seen advancements in materials such as nano-silver. Active
R&D studies are also contributing significantly towards the growth.
Anti-Microbial Coatings Innovations (AMiCI) consortium is actively studying the
regulation, development, and real life use of AMC coatings.
Competitive Landscape and Key Vendors:
North
America is the dominant regional market for the global AMC industry, followed
by other popular markets such as Western Europe and Asia Pacific. The U.S. with
its highest spending on health sectors is one of the most significant growth
factors for its regional market. Growing aged population in nations such as
Japan have led to increased spending in medical industry and are deriving the
growth for the Asian region.
The global
industry constitutes of good number of multinationals and regional players.
Some of the key market players include Akzo Nobel NV, BASF SE, Dow DuPont, AK
Coatings, Inc., Biointeractions Ltd., PPG Industries Inc., Lonza Group Ltd.,
and Covalon Technologies Ltd.
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