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Wednesday, 03 June 2020
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Markets & companies, Coatings market

Antimicrobial coatings market projected to reach USD 2.9 billion by 2018

Tuesday, 7 January 2014

North America is the global hub for major antimicrobial coatings manufacturers and the largest region in the global market for these coatings systems.

Antimicrobial coatings market: North America is the largest region followed by Asia-Pacific and Europe. Source: Limnomar/Fotolia.com

Antimicrobial coatings market: North America is the largest region followed by Asia-Pacific and Europe. Source: Limnomar/Fotolia.com

The global antimicrobial coatings market was worth USD 1.5 billion in 2012 and is estimated to reach USD 2.9 billion by 2018, growing at a CAGR of 11.8 % from 2013 to 2018 under normal conditions. According to a new study by research firm MarketsandMarkets, entitled Antimicrobial Coatings Market by Type, Application, & Geography - Global Trends and Forecasts to 2018, the high demand across industries such as indoor air/HVAC, medical, mold remediation, building and construction, food and beverages, and textiles will increase overall materials consumption.

Antimicrobial coating manufacturers and research institutions are investing in research and development for new coatings applications. Countries such as China, India and Japan are growing markets for antimicrobial coatings. North America is the largest region followed by Asia-Pacific and Europe. The major players in the antimicrobial coatings industry include AkzoNobel, BASF, DuPont, DOW, PPG Industries, Sherwin-Williams and Kansai. North America is also the global hub for major antimicrobial coatings manufacturers. End-user industries, from textiles, heating, ventilation, air-conditioning, bathroom fittings, and other medical and electronic devices, are driving the market for antimicrobial coatings by offering new silver-, copper- or zinc-coated antimicrobial products to customers.

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