Antimicrobial Coatings Market by Type (Silver, Copper), Application (Indoor Air / HVAC, Medical, Mold Remediation, Building & Construction, Foods & Beverages, Textiles) - Global Forecast to 2021

The antimicrobial coatings market is projected to reach USD 4.19 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021.

The base year considered for the study is 2015, the forecast period is from 2016 to 2021.

The objectives of the report are as follows:

• To define, describe, and forecast the antimicrobial coatings market on the basis of type, application, and region
• To analyze and forecast market size, in terms of value and volume, of the antimicrobial coatings market
• To analyze the detailed market segmentation and forecast the market size, in terms of value and volume, and on the basis of applications for major regions such as, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
• To identify the driving and the restraining factors and analyze the opportunities and challenges in the antimicrobial coating market
• To analyze and forecast the market size, in terms of value and volume, for antimicrobial coatings with respect to key applications such as, indoor air / HVAC, medical, mold remediation, building & construction, foods & beverages, textiles, and other applications
• To analyze competitive developments such as, expansions, new product launches, supply contracts, and mergers & acquisitions in the global antimicrobial coatings market
• To strategically profile the leading players in the market

Research Methodology

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global antimicrobial coatings market and to estimate the sizes of various other dependent submarkets in the overall antimicrobial coating market. The research study involved the extensive use of secondary sources, directories, and databases such as, Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the global antimicrobial coatings market. The breakdown of primary interviews is provided in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

Key feedstocks used in the manufacture of antimicrobial coatings are active ingredients such as, silver, copper, titanium dioxide, zinc oxides, and resins such as, polyester, PVDF, and epoxy. Antimicrobial coatings are used in a host of end-use industries and, according to the specific end-use industry, various degrees of vertical integration is seen between the manufacturers and the suppliers. Some of the key players in the market are, AkzoNobel N.V. (Netherlands), BASF SE (Germany), Diamond Vogel (U.S.), Axalta Coating Systems (U.S.), Nippon Paint Company Ltd (Japan), PPG Industries Inc. (U.S.), Royal DSM (Netherlands), RPM International Inc. (U.S.), The Dow Chemical Company (U.S.), The Sherwin-Williams Company (U.S.)

Key Target Audience:

• Raw material suppliers
• Technology providers
• Antimicrobial coatings manufacturers
• Companies in end-use industries such as medical, indoor air / HVAC, building & construction, foods & beverages
• Government & industry associations
• Regulatory bodies

Scope of the report:

This research report categorizes the global antimicrobial coatings market on the basis of application, type, and region.

On the basis of Application:

• Indoor air / HVAC
• Medical
• Mold remediation
• Building & construction
• Foods & beverages
• Textiles
• Other applications

On the basis of Type:

• Silver
• Copper
• Others

On the basis of Region:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographical Analysis:

• Country-level analysis of the global antimicrobial coatings market

Company Information:

• Detailed analysis and profiles of market players

Product Analysis

• Product Matrix, which gives a detailed comparison of the product portfolio of each company

Rising Demand from Pharmaceutical & Healthcare Industry

Hospital-acquired infections are on the rise in developed as well as developing countries. This has led to increased use of antimicrobial coatings in pharmaceutical & healthcare industry. Medical devices such as catheters and medical electronics are coated with antimicrobial coatings to reduce the risk of infection during medical procedures.

North America the largest market for antimicrobial coatings due to rising demand from indoor air and HVAC and medical applications

North America

North America holds the largest market share of the global antimicrobial coatings market. Because of the environmental regulations regarding VOC emission reduction, there is a change in the coating industry from high VOC adhesives to eco-friendly coatings including antimicrobial coatings.  The demand for silver antimicrobial coatings is on the rise due to high efficacy and flexibility in the composition it offers. The US Government is imposing regulations related to hospital-acquired infections. This is likely to boost the overall growth for antimicrobial coatings in the region.

Industrial, food packaging, and building & construction applications to drive the antimicrobial coatings market globally

Medical

Medical devices are coated to reduce the spread of harmful or contagious infections which are called healthcare-associated infections (HAIs). Medical devices including catheters and medical electronics are coated with antimicrobial coatings.

Indoor air/HVAC

Antimicrobial coatings in this application are used in air handling systems, walls and ceilings to enhance / maintain air quality.>?

Mold remediation

Antimicrobial coatings are applied for long-term protection against mold growth and regrowth. These can be applied to various materials including exterior/ interior surface, automotive components, ceiling pipes, and walls.

Building & construction

This application includes a coating of various building and facilities such as manufacturing, public venues, office building, schools, restaurants and residential housing construction for long-term protection against microbes.

Food & beverages<

Antimicrobial coatings are used in food processing units, food production, dairy and large-scale production units of eatables. It is also used in containers and utensils used in the processing and production.

Textiles

Textiles coated with antimicrobial products offer extended life, stain resistance, and freshness. These coatings can be used on normal as well as nonwoven textiles.

Key Questions

• What are the hazardous effects of silver, copper, and zinc in long-term exposures? Which are the major regulations related to them?
• How has antimicrobial coatings market grown over the past five years? What are the recent developments in medical applications of antimicrobial coatings? How are they going to impact the industry?
• Which are the substitute products and how significant is the threat from them?
• Companies have invested in research & development activities to develop nanocoatings in the antimicrobial field. What impact would that have on the market?

Table of Contents

1 Introduction
    1.1 Bjectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology
    2.1 Research Data
    2.2 Breakdown of Primary Interviews
    2.3 Key Industry Insights
    2.4 Market Size Estimation: Top-Down Approach
    2.5 Market Size Estimation: Bottom-Up Approach
    2.6 Data Triangulation
    2.7 Market Share Estimation
    2.8 Assumptions and Limitations

3 Executive Summary

4 Premium Insights
    4.1 Pportunities in the Global Antimicrobial Coatings Market
    4.2 Antimicrobial Coatings Market Growth, By Product Type
    4.3 Antimicrobial Coating Market Attractiveness
    4.4 Antimicrobial Coatings Market, Developing vs Developed Market
    4.5 High Growth Potential in Asia-Pacific and the Middle East & Africa, 2016–2021

5 Antimicrobial Coatingsmarket Overview
    5.1 Overview
    5.2 Market Segmentation: By Product Type
    5.3 Market Segmentation: By Application
    5.4 Market Segmentation: By Region
    5.5 Market Dynamics

6 Industry Trends
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis

7 Antimicrobial Coatings Market, By Product Type
    7.1 Introduction
    7.2 Silver Antimicrobial Coatings Market
    7.3 Copper Antimicrobial Coatings Market
    7.4 Others (Zinc Oxide, Zirconium, Zinc Omadine, Titanium Dioxide, Quaternary Ammonia Etc.) Antimicrobial Coatings Market

8 Antimicrobial Coatings Market, By Application
    8.1 Introduction
    8.2 Antimicrobial Coatings Market in Indoor Air/HVAC Application
    8.3 Antimicrobial Coating Market in Medical Application
    8.4 Antimicrobial Coatings Market in Moldremediation Application
    8.5 Antimicrobial Coating Market in Building & Construction Application
    8.6 Antimicrobial Coatings Market in Food & Beverages Application
    8.7 Antimicrobial Coating Market in Textiles Application
    8.8 Antimicrobial Coatings Market in Other Applications

9 Antimicrobial Coatings Market, By Region
    9.1 Introduction
    9.2 Northamerica
    9.3 Europe
    9.4 Asia Pacific
    9.5 Middle East & Africa
    9.6 South America

10 Competitive Landscape
     10.1 Overview
     10.2 Growth Strategies Adopted By Leading Companies
     10.3 New Product Launches
     10.4 Mergers & Acquisitions
     10.5 Investments & Expansions

11 Company Profiles Antimicrobial Coatings Market
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     11.1 Akzonobeln.V.
     11.2 BASF SE
     11.3 Diamond Vogel
     11.4 Axalta Coating Systems
     11.5 Nippon Paint Company Ltd
     11.6 PPG Industries
     11.7 Royal Dsm
     11.8 RPM International Inc.
     11.9 The DOW Chemical Company.
     11.10 The Sherwin-Williams Company

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
     12.1 Discussion Guide
     12.2 Marketsandmarketsknowledge Store
     12.3 Real Time Market Intelligence

List of Tables (152 Tables)

Table 1 Antimicrobial Coatings Market Overview, 2016 vs 2021
Table 2 Antimicrobial Coating Market Size, By Product Type, 2014–2021 (Kiloton)
Table 3 Antimicrobial Coatings Market Size, By Product Type, 2014–2021 (USD Million)
Table 4 Silver Antimicrobial Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 5 Silver Antimicrobial Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 6 Copper Antimicrobial Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 7 Copper Antimicrobial Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 8 Other Antimicrobial Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 9 Other Antimicrobial Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 10 Antimicrobial Coating Market Size, By Application, 2014–2021 (Kiloton)
Table 11 Antimicrobial Coatings Market Size, By Application 2014–2021 (USD Million)
Table 12 Antimicrobial Coating Market Size in Indoor Air / HVAC Application, By Region, 2014–2021 (Kiloton)
Table 13 Antimicrobial Coatings Market Size in Indoor Air / HVAC Application, By Region, 2014–2021 (USD Million)
Table 14 Antimicrobial Coating Market Size in Medical Application, By Region, 2014–2021 (Kiloton)
Table 15 Antimicrobial Coatings Market Size in Medical Application, By Region, 2014–2021 (USD Million)
Table 16 Antimicrobial Coating Market Size in Mold Remediation, By Region, 2014–2021 (Kiloton)
Table 17 Antimicrobial Coatings Market Size in Mold Remediation Application, By Region, 2014–2021 (USD Million)
Table 18 Antimicrobial Coating Market Size in Building & Construction Application, By Region, 2014–2021 (Kiloton)
Table 19 Antimicrobial Coatings Market Size in Building & Construction Application, By Region, 2014–2021 (USD Million)
Table 20 Antimicrobial Coating Market Size in Food & Beverages Application, By Region, 2014–2021 (Kiloton)
Table 21 Antimicrobial Coatings Market Size in Food & Beverages Application, By Region, 2014–2021 (USD Million)
Table 22 Antimicrobial Coating Market Size in Textiles Application, By Region, 2014–2021 (Kiloton)
Table 23 Antimicrobial Coatings Market Size in Textiles Application, By Region, 2014–2021 (USD Million)
Table 24 Antimicrobial Coating Market Size in Textiles Application, By Region, 2014–2021 (Kiloton)
Table 25 Antimicrobial Coatings Market Size in Textiles Application, By Region, 2014–2021 (USD Million)
Table 26 Antimicrobial Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 27 Antimicrobial Coatings Market Size, By Region, 2014–2021 (USD Million)
Table 28 North America: Antimicrobial Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 29 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 30 North America Antimicrobial Coatings Market Size, By Product Type, 2014–2021 (Kiloton)
Table 31 North America Market Size, By Product Type, 2014–2021 (USD Million)
Table 32 North America: Market Size, By Application, 2014–2021 (Kiloton)
Table 33 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 34 U.S. Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 35 U.S. Market, By Product Type, 2016-2021 (USD Million)
Table 36 U.S. Market, By Application, 2016-2021 (Kiloton)
Table 37 U.S. Market, By Application, 2016-2021 (USD Million)
Table 38 Canada Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 39 Canada Market, By Product Type, 2016-2021 (USD Million)
Table 40 Canada Market, By Application, 2016-2021 (Kiloton)
Table 41 Canada Market, By Application, 2016-2021 (USD Million)
Table 42 Mexico Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 43 Mexico Market, By Product Type, 2016-2021 (USD Million)
Table 44 Mexico Market, By Application, 2016-2021 (Kiloton)
Table 45 Mexico Market, By Application, 2016-2021 (USD Million)
Table 46 Europe: Antimicrobial Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 47 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 48 Europe: Market Size, By Product Type, 2014–2021 (Kiloton)
Table 49 Europe: Market Size, By Product Type, 2014–2021 (USD Million)
Table 50 Europe: Market Size, By Application, 2014–2021 (Kiloton)
Table 51 Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 52 Germany Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 53 Germany Market, By Product Type, 2016-2021 (USD Million)
Table 54 Germany Market, By Application, 2016-2021 (Kiloton)
Table 55 Germany Market, By Application, 2016-2021 (USD Million)
Table 56 France Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 57 France Market, By Product Type, 2016-2021 (USD Million)
Table 58 France Market, By Application, 2016-2021 (Kiloton)
Table 59 France Market, By Application, 2016-2021 (USD Million)
Table 60 Italy Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 61 Italy Market, By Product Type, 2016-2021 (USD Million)
Table 62 Italy Market, By Application, 2016-2021 (Kiloton)
Table 63 Italy Market, By Application, 2016-2021 (USD Million)
Table 64 Spain Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 65 Spain Market, By Product Type, 2016-2021 (USD Million)
Table 66 Spain Market, By Application, 2016-2021 (Kiloton)
Table 67 Spain Market, By Application, 2016-2021 (USD Million)
Table 68 U.K. Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 69 U.K. Market, By Product Type, 2016-2021 (USD Million)
Table 70 U.K. Market, By Application, 2016-2021 (Kiloton)
Table 71 U.K. Market, By Application, 2016-2021 (USD Million)
Table 72 Rest of Europe Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 73 Rest of Europe Market, By Product Type, 2016-2021 (USD Million)
Table 74 Rest of Europe Market, By Application, 2016-2021 (Kiloton)
Table 75 Rest of Europe Market, By Application, 2016-2021 (USD Million)
Table 76 Asia Pacific: Antimicrobial Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 77 Asia Pacific: Market Size, By Country, 2014–2021 (USD Million)
Table 78 Asia Pacific: Market Size, By Product Type, 2014–2021 (Kiloton)
Table 79 Asia Pacific: Market Size, By Product Type, 2014–2021 (USD Million)
Table 80 Asia Pacific: Market Size, By Application, 2014–2021 (Kiloton)
Table 81 Asia Pacific: Market Size, By Application, 2014–2021 (USD Million)
Table 82 China Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 83 China Market, By Product Type, 2016-2021 (USD Million)
Table 84 China Market, By Application, 2016-2021 (Kiloton)
Table 85 China Market, By Application, 2016-2021 (USD Million)
Table 86 India Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 87 India Market, By Product Type, 2016-2021 (USD Million)
Table 88 India Market, By Application, 2016-2021 (Kiloton)
Table 89 India Market, By Application, 2016-2021 (USD Million)
Table 90 Japan Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 91 Japan Market, By Product Type, 2016-2021 (USD Million)
Table 92 Japan Market, By Application, 2016-2021 (Kiloton)
Table 93 Japan Market, By Application, 2016-2021 (USD Million)
Table 94 South Korea Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 95 South Korea Market, By Product Type, 2016-2021 (USD Million)
Table 96 South Korea Market, By Application, 2016-2021 (Kiloton)
Table 97 South Korea Market, By Application, 2016-2021 (USD Million)
Table 98 Indonesia Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 99 Indonesia Korea Antimicrobial Coatings Market, By Product Type, 2016-2021 (USD Million)
Table 100 Indonesia Korea Market, By Application, 2016-2021 (Kiloton)
Table 101 Indonesia Antimicrobial Coatings Market, By Application, 2016-2021 (USD Million)
Table 102 Taiwan Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 103 Taiwan Market, By Product Type, 2016-2021 (USD Million)
Table 104 Taiwan Market, By Application, 2016-2021 (Kiloton)
Table 105 Taiwan Market, By Application, 2016-2021 (USD Million)
Table 106 Australia & New Zealand Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 107 Australia & New Zealand Market, By Product Type, 2016-2021 (USD Million)
Table 108 Australia & New Zealand Market, By Application, 2016-2021 (Kiloton)
Table 109 Australia & New Zealand Market, By Application, 2016-2021 (USD Million)
Table 110 Rest of Asia-Pacific Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 111 Rest of Asia-Pacific Market, By Product Type, 2016-2021 (USD Million)
Table 112 Rest of Asia-Pacific Market, By Application, 2016-2021 (Kiloton)
Table 113 Rest of Asia-Pacific Market, By Application, 2016-2021 (USD Million)
Table 114 Middle East & Africa: Antimicrobial Coating Market Size, By Country, 2014–2021 (Kiloton)
Table 115 Middle East & Africa: Market Size, By Country, 2014–2021 (USD Million)
Table 116 Middle East & Africa: Market Size, By Product Type, 2014–2021 (Kiloton)
Table 117 Middle East & Africa: Market Size, By Product Type, 2014–2021 (USD Million)
Table 118 Middle East & Africa: Market Size, By Application, 2014–2021 (Kiloton)
Table 119 Middle East & Africa: Market Size, By Application, 2014–2021 (USD Million)
Table 120 Saudi Arabia Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 121 Saudi Arabia Market, By Product Type, 2016-2021 (USD Million)
Table 122 Saudi Arabia Market, By Application, 2016-2021 (Kiloton)
Table 123 Saudi Arabia Market, By Application, 2016-2021 (USD Million)
Table 124 UAE Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 125 UAE Market, By Product Type, 2016-2021 (USD Million)
Table 126 UAE Market, By Application, 2016-2021 (Kiloton)
Table 127 UAE Market, By Application, 2016-2021 (USD Million)
Table 128 Rest of Middle East & Africa Antimicrobial Coating Market, By Product Type, 2016-2021 (Kiloton)
Table 129 Rest of Middle East & Africa Market, By Product Type, 2016-2021 (USD Million)
Table 130 Rest of Middle East & Africa Market, By Application, 2016-2021 (Kiloton)
Table 131 Rest of Middle East & Africa Market, By Application, 2016-2021 (USD Million)
Table 132 South America: Antimicrobial Coatings Market Size, By Country, 2014–2021 (Kiloton)
Table 133 South America: Market Size, By Country, 2014–2021 (USD Million)
Table 134 Middle East & Africa Antimicrobial Coating Market Size, By Product Type, 2014–2021 (Kiloton)
Table 135 Middle East & Africa: Market Size, By Product Type, 2014–2021 (USD Million)
Table 136 Middle East & Africa: Market Size, By Application, 2014–2021 (Kiloton)
Table 137 Middle East & Africa: Market Size, By Application, 2014–2021 (USD Million)
Table 138 Brazil Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 139 Brazil Market, By Product Type, 2016-2021 (USD Million)
Table 140 Brazil Market, By Application, 2016-2021 (Kiloton)
Table 141 Brazil Market, By Application, 2016-2021 (USD Million)
Table 142 Argentina Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 143 Argentina Market, By Product Type, 2016-2021 (USD Million)
Table 144 Argentina Market, By Application, 2016-2021 (Kiloton)
Table 145 Argentina Market, By Application, 2016-2021 (USD Million)
Table 146 Rest of South America Antimicrobial Coatings Market, By Product Type, 2016-2021 (Kiloton)
Table 147 Rest of South America Market, By Product Type, 2016-2021 (USD Million)
Table 148 Rest of South America Market, By Application, 2016-2021 (Kiloton)
Table 149 Rest of South America Market, By Application, 2016-2021 (USD Million)
Table 150 New Product Launches, 2013–2016
Table 151 Mergers & Acquisitions 2013–2016
Table 152 Investments & Expansions, 2013–2016

List of Figures (27 Figures)

Figure 1 North America Antimicrobial Coating Market to Grow at the Fastest Rate During the Forecast Period
Figure 2 Medical to Register the Highest CAGR in Terms of Demand During the Forecast Period
Figure 3 Attractive Opportunities in the Antimicrobial Coatings Market
Figure 4 Medical is the Largest and Fastest-Growing Application for the Antimicrobial Coatings Market, 2016–2021
Figure 5 Antimicrobial Coatings Market Attractiveness
Figure 6 U.K. Projected to Be the Fastest-Growing Antimicrobial Coatings Market
Figure 7 Porter’s Five Forces Analysis: Antimicrobial Coatings Market
Figure 8 Antimicrobial Coatings Market Share By Product Type, 2015
Figure 9 Silver Antimicrobial Coatings Market Share, By Region, 2015
Figure 10 Copper Antimicrobial Coatings Market Share, By Region, 2015
Figure 11 Other Antimicrobial Coatings Market, By Region, 2015
Figure 12 Antimicrobial Coatings Market Share in By Application, 2015
Figure 13 Antimicrobial Coating Market Share in Indoor Air / HVAC Application, By Region, 2015
Figure 14 Antimicrobial Coatings Market in Medical Application, Market Share, By Region, 2015
Figure 15 Antimicrobial Coating Market in Mold Remediation, Market Share, By Region, 2015
Figure 16 Antimicrobial Coatings Market in Building & Construction, Market Share, By Region, 2015
Figure 17 Antimicrobial Coating Market in Food & Beverages, Market Share, By Region, 2015
Figure 18 Antimicrobial Coatings Market in Textiles, Market Share, By Region, 2015
Figure 19 Antimicrobial Coating Market in Other Applications, Market Share, By Region, 2015
Figure 20 Antimicrobial Coatings Market Share, By Region, 2015 (% Volume Share)
Figure 21 North America: Antimicrobial Coating Market Share, By Country, 2015
Figure 22 Europe: Antimicrobial Coating Market Share, By Country, 2015
Figure 23 Germany to Lead the Antimicrobial Coating Market in Europe During the Forecast Period
Figure 24 Asia Pacific: Antimicrobial Coating Market Share, By Country, 2015
Figure 25 Middle East & Africa: Antimicrobial Coating Market Share, By Country, 2015
Figure 26 South America: Antimicrobial Coating Market Share, By Country, 2015
Figure 27 Competitive Landscape: Mergers & Acquisition Was the Key Strategy

The antimicrobial coatings market is projected to reach USD 4.19 Billion by 2021, at a CAGR of 12.1% from 2016 to 2021. Growing demand from the medical and indoor applications in North America and Europe is expected to drive the antimicrobial coatings market.

Antimicrobial coatings find usage in applications such as, indoor air / HVAC, medical, mold remediation, building & construction, foods & beverages, textiles, and other applications (consumer products, packaging, and so on).

The medical application accounted for the largest share of the overall antimicrobial coating market and this trend is projected to continue throughout the forecast period. Antimicrobial coatings are used in medical products, devices, and surfaces in medical facilities to prevent the spread of infections. Medical is also anticipated to be fastest growing application segment during the forecast period.

Indoor air / HVAC was the second largest application segment of antimicrobial coatings in 2015. Antimicrobial coatings are used in heating, ventilation, and air conditioning, or HVAC. These systems regulate the temperature and indoor air quality, and maintain comfortable and safe atmospheric conditions in buildings. Air filters built into these systems reduce the effect of airborne diseases.

The mold remediation, building & construction, and foods & beverages application segments are expected to grow at moderate rates from 2016 to 2021.

Companies are carrying out intense research & development activities to innovate and develop new products which can open new avenues of applications. Developments are taking place in medical applications leading to the further penetration of antimicrobial coating applications.

Growth in the usage of antimicrobial coatings in applications such as, medical, indoor air / HVAC and mold remediation has increased the demand for antimicrobial coatings. North America accounted for the largest share of the global antimicrobial coatings market in 2015, and is also projected to be the fastest-growing market till 2021. The U.S. is expected to account for the largest share in the North American region till 2021. The U.K. is expected to register the fastest growth in the antimicrobial coating market during the forecast period. Germany accounted for the largest market for antimicrobial coatings in Europe in 2015.

The demonstration of efficacy and functionality of antimicrobial coatings is a major restraint in the market. The efficacy of antimicrobial coatings may reduce over a period of time and it is difficult to monitor and extend the functionality. These are the restraining factors in the antimicrobial coatings market.

Companies have adopted the mergers & acquisitions, expansions, contracts & agreements, and joint-ventures strategies, to expand their market shares and distribution networks in the global antimicrobial coating market for the forecast period, 2016 to 2021.

AkzoNobel N.V. believes in inorganic growth to expand in different markets with the mergers and acquisitions strategy. It is also strengthening its presence in the emerging economies of the Asia-Pacific region and other regions through new product developments and the establishment of new production plants. The company is focusing on expansions in emerging revenue markets. In 2016, the company expanded its performance coatings plant in Indonesia to meet the rising demand in the Asia-Pacific region. This expansion is expected to increase its capacity by 40% in its marine and protective coatings.

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