The global antimicrobial coatings market is
expected to reach USD 4,520.3 million by 2020, according to a new study by
Grand View Research Inc. Growing demand for medical device coatings is expected
to remain a key market driver over the next six years. In addition increasing
market penetration of indoor air quality products, mainly in the U.S. is also
expected to have a positive impact on the market over the forecast period.
Stringent regulatory scenario, primarily in
Europe and U.S. on account of increasing health concerns and the issues and
costs associated with product registration is expected to remain a key
challenge for the industry participants over the next six years. Additionally,
volatile prices of silver and other raw materials are also expected to have a
dampening effect on market profitability.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/antimicrobial-coatings-market
Further key findings from the study
suggest:
- Global antimicrobial coating market volume was estimated at 310.3 kilo tons in 2013 and is expected to reach 589.8 kilo tons by 2020, growing at a CAGR of 9.8% from 2014 to 2020.
- Surface modification coatings dominated the global market and as the leading product segment, accounted for 53.9% of total market volume in 2013. Global revenue for antimicrobial powder coatings is expected to reach USD 2,213.2 million by 2020, growing at a CAGR of 13.2% from 2014 to 2020.
- Indoor air quality emerged as the leading application market for antimicrobial coatings and accounted for 26.9% of total volume in 2013. Global antimicrobial coating demand for medical applications is expected to reach 151.6 kilo tons by 2020, growing at a CAGR of 10.2% from 2014 to 2020.
- North America dominated the global market and accounted for 39% of total market volume in 2013. North America along with being the largest market is also expected to be the fastest growing market for antimicrobial coatings, at an estimated CAGR of 10.6% from 2014 to 2020. European market revenue, on the other hand is expected to reach USD 1,043.9 million by 2020.
- The global antimicrobial coatings market is moderately concentrated with top four participants including AkzoNobel NV, Sherwin-Williams, Dow Microbial Control and Diamond Vogel accounting for over 40% of global demand in 2013.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
For the purpose of this study, Grand
View Research has segmented the antimicrobial coatings market on the basis of
product, application and region:
Global
Antimicrobial Coatings Product Outlook (Volume, Kilo tons; Revenue, USD
Million, 2012 - 2020)
• Antimicrobial Powder Coatings
• Silver
• Others
• Surface Modifications and
Coatings
• E.Coli
• Listeria
• Pseudomonas
• Others
Global
Antimicrobial Coatings Application Outlook (Volume, Kilo tons; Revenue, USD
Million, 2012 - 2020)
• Indoor Air Quality
• Mold Remediation
• Medical
• Antimicrobial Textiles
• Construction
• Food
• Others
Antimicrobial
Coatings Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 -
2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
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Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
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Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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