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Monday, 16 September 2019
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Markets & companies, Coatings market

Global antimicrobial coatings market to grow by 2018

Monday, 21 January 2013

The antimicrobial coatings demand was worth USD 1.6 billion in 2012 and is estimated to reach USD 3.3 billion in 2018, growing at a CAGR over 12 % from 2012 to 2018.

North America is the global revenue leader in antimicrobial coatings and dominates the demand for these products. Source: Sebastian Kaulitzki - Fotolia.com
North America is the global revenue leader in antimicrobial coatings and dominates the demand for these products. Source: Sebastian Kaulitzki - Fot...

According to a new market report titled "Antimicrobial Coatings Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," by Transparency Market Research, North America is the global revenue leader in antimicrobial coatings and dominates the demand for these products.

Owing to ability to ward off microbial growth effectively, there is a growing demand for antimicrobial coatings in medical applications such as catheters and other medical devices. Increased use of plastic packaging in food applications has resulted in growing demand for additives and coatings in the food packaging industry. However, factors such as questionable efficacy of coatings used in apparel, health issues associated with the use of active silver as the main ingredient and stringent regulations governing the antimicrobial coatings market are restraining growth.

Demand for antimicrobial coatings will grow over 12 % in various markets

Antimicrobial powder coatings demand is expected to grow at a CAGR of 12.4 % by volumes and at a CAGR of 9.1 % by volume, from 2012 and 2018. Surface modifications and coatings account for the larger of the two product-based market shares and are expected to show steady growth rates at CAGR of 8.8 % by volume and at CAGR of 12.2 % by revenue from 2012 to 2018.

Antimicrobial coatings demand for indoor air quality is expected to grow at a CAGR of 12.8 % from 2012 to 2018. Similarly hospitals and healthcare centers have a need for antimicrobial atmosphere and coatings have been adapted accordingly for exclusive use in medical locations. The medical/healthcare market demand for antimicrobial coatings is therefore expected to grow at a CAGR of 12.6 % from 2012 to 2018. In case of mold formation, various coatings and products containing antimicrobial substances are being put to use as an aftercare method. Most of the buildings where mold aftercare is necessary are older than five years and hence the market is expected to grow at a high CAGR of 13.1 % from 2012 to 2018.

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