According to the report published by Zion Market Research, Global demand for Antimicrobial Powder Coatings market was valued at approximately USD 1,337.5 Million in 2019, and is expected to generate revenue of around USD 3,074.2 Million by end of 2026, growing at a CAGR of around 20.1% between 2020 and 2026.
Antimicrobial Powder Coatings Market: Overview
To protect the surface or a material against the attack of the bacteria or fungi, antimicrobial powder coatings are used. Antimicrobial powder coating is in the form of dry powder that is applied to the surfaces. Use of antimicrobial powder coating provides advantages such as high strength, aesthetics, easy application, durability, and resistance to corrosion. Antimicrobial material used for powder coating can be divided into three categories: organic, inorganic, and natural materials. Owing to their higher efficiency, inorganic materials are used extensively, and thus the global demand for inorganic materials is high as compared to natural and organic materials in the global market of antimicrobial powder coating. The inorganic materials mainly consist of copper, silver, and other heavy metals. Silver is the major product segment of antimicrobial powder coatings due to its high bio-compatibility.
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Antimicrobial Powder Coatings Market: Growth Factors
Antimicrobial powder coatings are mainly used for products that are prone to human contact in order to protect them against diseases and infections. The end-user companies that drive the antimicrobial powder coatings market are construction, furniture, food, healthcare, electronics, and many more. The major application segment dominating the antimicrobial powder coatings market is the indoor air quality application and will continue its influence in the coming years. The infrastructural industry is also expected to drive the antimicrobial powder coatings market. The good reason for using antimicrobial powder coating is that it is eco-friendly. Many products in the market cause air pollution due to the emission of the harmful substances such as VOCs. VOCs emitted in the air causes several health hazards and environmental problems. Owing to this, indoor air quality is being used due to the absence of the VOCs. These factors are driving the demand for antimicrobial powder coatings market. The healthcare industry also has a great demand for antimicrobial powder coatings owing to the increased development and research in this field. For instance, Protech’s new launch, Sterlicoat AM, is an anti-microbial powder coating that prevents spread of harmful micro-organisms and suppresses the growth of bacteria. Increased constructional activities in the developing regions are also helping the antimicrobial powder coatings market to grow. There are still some government protocols that may hamper the growth of the antimicrobial coatings market.
Antimicrobial Powder Coatings Market: Segmentation
The antimicrobial powder coatings market can be segmented on the basis of its application, product type and region. On the basis of application, the market is categorized into antimicrobial textiles, furniture, construction, electronics, medical and healthcare, indoor air quality, mold remediation, and food industry. Based on the product type, the antimicrobial powder coatings market is divided into natural, organic, and inorganic. Geographical segmentation includes regions such as Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Further they are sub-segmented into countries such as the US, Germany, France, the UK, India, China, Japan, and Brazil.
Antimicrobial Powder Coatings Market: Regional Analysis
North America leads in the global demand for antimicrobial powder coatings due to the increasing demand in the healthcare industry and the food preserving application in this region, and is anticipated to continue this trend in the coming years. Various consumer goods such as storage bins, sanitary, tableware, and many more are dependent on the antimicrobial powder coatings. Hence, the market growth is positive in future. Developing countries such as Brazil, India, and China also have their share in the market growth, which is anticipated to grow in the near future.
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Antimicrobial Powder Coatings Market: Competitive Players
Some main participants of the Antimicrobial Powder Coatings market are Diamond Vogel Paints, RPM International, Sono-Tek Corporation, Dow Microbial Control, AkzoNobel NV, Nippon Paint Co. Ltd., Sherwin-Williams Company, Royal DSM N.V., PPG Industries Inc., DuPont, BASF, Troy Corporation, and Arch Lonza.
Antimicrobial Powder Coatings Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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