Antimicrobial Powder Coatings Market
Antimicrobial Powder Coatings Market - By Product, By Application, & Global Region - Market Size, Trends, Opportunity, Forecast 2020-2025Request Sample Request Discount
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Antimicrobial Powder Coating are used to protect the surface or the material against attack by the bacteria or fungi. The antimicrobial powder coating, which is applied to the characters, is in dry powder. The use of antimicrobial powder coating provides advantages such as high strength, aesthetics, easy application, durability, and corrosion resistance. Three categories of antimicrobial material used for powder coating may be classified: organic, inorganic, and natural. Inorganic materials are widely used because of their higher efficiency. Therefore, the global demand for inorganic materials is high compared to natural and organic materials in the global antimicrobial powder coating market. Copper, silver, and other heavy metals are mainly inorganic materials. Because of its high bio-compatibility, silver is the primary product segment of antimicrobial powder coatings.
Antimicrobial powder coatings are mainly used to protect against diseases and infections on products which are susceptible to human contact. Construction, furniture, food, healthcare, electronics, and many more are the end-user businesses that drive the antimicrobial powder coatings market. The indoor air quality application dominates the antimicrobial powder coatings market and will continue its influence in the coming years. The antimicrobial powder coatings market is also expected to drive the infrastructural industry.
Increase in Demand for HVAC Systems
In the developed regions, the demand for HVAC systems has increased significantly in residential, commercial, institutional, and industrial sectors. In addition, the requirements for the HVAC systems were driven by government regulations and policies such as tax benefits and energy conservation incentives.
For air quality, mold development in the HVAC system is a significant concern. The mold spores from the outer surroundings enter the HVAC system during air circulation and are then distributed throughout the duct and finally in the buildings, which lead to new mold colonies. Many government bodies, like EPA, the WHO, among others, have imposed indoor air quality regulations and standards in residential buildings, commercial buildings, and institutions. The HVAC system manufacturers use a layer of antimicrobial powder coating on the system part as a preventative measure to prevent mold and other bacterium growth and reduce the maintenance costs. This, in turn, has led to a significant increase in demand for commercial and institutional antimicrobial-coated HVAC systems. As a result, the need for antimicrobial powder coatings is expected to increase over the projected period, raising awareness and installing and replacing HVAC systems globally.
Rising Usage in Novel Applications
A significant increase of antimicrobial powder coating demand in several applications, like appliances, consumer goods, and electronic products, has emerged in the recent COVID-19 pandemic. Many established companies and start-ups are currently developing COVID-19 products. Furthermore, several manufacturers like consumables and electronics manufacturers, focusing on the development of antimicrobial products in the face of growing concern and awareness of safety and hygiene around the world. It will help to meet the changing market and consumer preferences.
Likely, increasing parental concerns and increasing demand in schools for safe environments will boost demand. On classroom & corridor walls, antimicrobial coatings are widely used along with railings to reduce the spread of bacterial diseases. These coatings are safe and do not leave a toxic residue, making them compatible with schools and nurseries that are likely to stimulate market demand for antimicrobial coatings.
These coatings are mainly used on products that come into contact with humans frequently to help protect against diseases and infections. Among the applications above, due to increasing consumer concerns related to air pollution and related hazards, air conditioning & ventilation systems have dominated the market over the past few years. The market for antimicrobial powder coatings is expected to generate revenues of around USD 3,074.02 million by the end of 2025, growing from 2019 to 2025 at a CAGR of about 20.1 percent. Over the forecast period, the increasing use of the product in the construction industry is expected to open new market avenues.
Due to the increasing demand in the healthcare industry and food preservation in this region, North America leads the global market for antimicrobial powder coatings. It is expected to continue this trend in the coming years. The antimicrobial powder coatings are dependent on various consumer products such as storage bins, sanitary ware, tableware, and many more. The growth of the market is, therefore, positive for the future. Developing countries such as Brazil, India, and China are also participating in the market's growth, which is expected to grow shortly.
- Antimicrobial Powder Coatings
- Surface Modification and Coatings
- E. Coli
- Indoor Air Quality
- Antimicrobial Textiles
- Mold Remediation
- Construction Industry
- Antimicrobial textiles Market
- Food Industry
- Medical & Healthcare
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa
The report profiles various major market players such as
- PPG Industries
- Sherwin-Williams Company
- Akzonobel N.V.
- Axalta Coating Systems Llc
- Berger Paints India Ltd
- Pulver Kimya San. Ve Tic. A.S.
- IGP Pulvertechnik AG
- Protech-Oxyplast Group
- Rapid Coat Powder Coatings
- IFS Coatings Inc.
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share of the overall market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global anti-microbial powder coating market by the following segments:
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Anti-Microbial Powder Coating Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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