The antimicrobial coatings market provides surface modifications and coatings for various substances such as food, textiles, construction materials, etc. Antimicrobials are substances which are usually produced by certain species that suppresses the growth of other microbes. Antimicrobial coats inhibit growth of microorganisms on the surface of an object, which can result in the deterioration or malfunctioning of that particular object.
Antimicrobial products either eliminate microbes completely or inhibit the growth of harmful microorganisms. For example, disinfectants are substances which are applied over several non-living objects. Control and monitoring of microbial growth is one of the significant factors in several industries such as food and beverage, pharmaceuticals, electronics, construction, healthcare, and dairy processing.
Antimicrobial Coatings Market Segmentation – Product Type and Application
The two main segments in the antimicrobial coating industry are products and applications.
Under the antimicrobial coating products segment there are two sub-segments which are antimicrobial powder coatings and surface modifications and coatings. The antimicrobial powder coating sector is further divided into silver and others. While the surface modifications and coatings sector is further divided into E. Coli, Pseudomonas, Listeria, and others.
Pollution in the outside air is not the primary cause of ill-health in humans. Researchers and experts state that the major cause of disorders in humans is due to the low quality of indoor air. Office buildings that have central air conditioning are the most susceptible environments for the growth of harmful microbes. In addition, industrial work and home environments without antimicrobial resistance are also susceptible to growth of harmful microbes. This has led to a trend of incorporating antimicrobial surface coating on various accessories such as pipes, ducts, escalators, ventilators, and other. This coating is done during the manufacturing stage or immediately before the process of assembly. Hence, the antimicrobials coating find their applications in various industries such as food and beverages, textiles, mold remediation, clinical, construction, mold prevention, and others.
Elements Influencing the Development of Antimicrobial Coatings Market
Some of the major factors which attribute to the growth of the market are the growing demand for medical application coatings, growing application of additives and coating in packaging of plastics, and rapidly expanding market for indoor air quality products. Additionally, increasing demand around the world for microbial clothing fuels the growth of the market.
However, the antimicrobial coatings market’s growth is hampered by factors such as stringent environment rules and regulations, health issues related with the use of silver in the antimicrobial coating, and the growing demand for effectiveness and product innovation in textile antimicrobial coatings applications.
Two major opportunities which hold a good promise for the growth of the antimicrobial coatings industry are the huge untapped market in healthcare/clinical industry and the huge untapped market in the emerging economies.
Insights into the Antimicrobial Coatings Market
According to a market intelligence agency, the global antimicrobials coating demand in the year 2012 was USD 1.6 billion. However, the growth of this market is estimated to reach a value of USD 3.3 billion in the year 2018, with a 12% CAGR during the forecast period of 2012 to 2018. The agency has also projected that the demand for antimicrobial coatings for indoor quality is expected to grow at a 12.8% CAGR during the forecast years.
The healthcare/clinical market sector demand for antimicrobial coating will witness a growth at a 12.6% CAGR. The mold control application sector will grow at a CAGR of 13.1% during the forecast period, because most of the buildings where mold control is needed are older than five years.
Geography-wise, the antimicrobial coatings market is segmented into four zones which are Europe, North America, Asia Pacific, and Rest of World. The key players in the antimicrobial coatings market are AkzoNobel NV, Dow Microbial Control, Sherwin-Williams Company, E.I. du Pont de Nemours & Company (DuPont), Diamond Vogel Paints Co. Ltd., and others.