Global Antimicrobial Coatings Market - Industry Analysis, Size, Share, Forecast by 2023

The antimicrobial coatings market is growing due to expansion of the global medical device coatings market, and increasing application of coatings and additives in plastic packaging. Massive unexplored market in medical industry of developing economies is creating ample opportunities for the antimicrobial coatings market to grow at a considerable rate in the coming years.

The massive global problem in the modern society is the increasing diseases, which are caused due to micro organisms such as fungi, bacteria and viruses representing major threats to our hygienic lifestyle. The growing microbial resistance against antibiotics, metal ions, and development of resistant strains has forced the coating manufacturers to seek alternatives to traditional antimicrobial coatings.

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Antimicrobial coatings are used for protecting surfaces from micro-organisms such as bacteria, parasites, fungi and germs. Primarily antimicrobial coatings were introduced just to restrain the effect of micro organisms in the surfaces, but with increasing health concerns due to the effect of such micro organisms on human health; antimicrobial applications now cover both surfaces and human.

Some of the factors driving the growth of the antimicrobial coatings market are increasing demand of antimicrobial coatings and increasing market penetration for indoor air quality products.

North America is leading the antimicrobial coatings market and is expected to be the fastest growing antimicrobial coatings market in the coming years. The major reasons for the fastest growth in the region are increasing healthcare expenditure and high standards of living of the consumers in the region. Moreover, the antimicrobial coatings market is growing due to increase of the antimicrobial coatings applications such as construction, medical and food in the emerging countries such as India and China of Asia-Pacific region.

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Some of the competitors in the antimicrobial coatings market are The Dow Chemical Company, BASF SE, Nippon Paint Company Ltd., Akzonobel N.V., The Sherwin-Williams Company, EI du Pont de Nemours & Co., PPG Industries Inc., RPM International Inc., Diamond Vogel, Koninklijke DSM N.V., and AK Coatings Inc.

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