The report titled “Antimicrobial Coatings Market” sheds a concentrated focus on the Antimicrobial Coatings industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The Global Antimicrobial Catings Market size is projected to grow from USD 3.3 Billion in 2020 to USD 5.6 Billion by 2025, at a compound annual growth rate (CAGR) of 10.7% between 2020 and 2025.
Top Companies Profiled in the Antimicrobial Coatings Market:
- The Sherwin-Williams Company (US)
- Axalta Coating Systems (US)
- PPG Industries(US)
- Nippon Paint Holdings (Japan)
- DuPont de Nemours (US)
- RPM International Inc. (Japan)
- Diamond Vogel Paint Company (US)
- BASF SE (Germany)
- Burke Industrial Coatings LLC (US)
“Silver-based antimicrobial coatings is projected to witness the highest CAGR during the forecast period.”
Silver-based antimicrobial coatings market is projected to witness the highest growth during the forecast period, both in terms of value and volume.The increase in this segment is attributed to its high efficacy rate, long-lasting effect, low toxicity, and suitability with the industrial application.
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“The medical& healthcare segment projected to lead the antimicrobial coatings market from 2020 to 2025.”
The medical & healthcare segment is the largest and fastest-growing application. Stringent government regulation pertaining to the HAIs in the medical and healthcare sector supports the growth of the market. During the COVID-19 pandemic, the antimicrobial coatings have gained significant attention to prevent the spread of viruses and to safeguard the patient and Hospital staff at temporary built and existing healthcare facilities.
“North America projected to account for the maximum share of the global antimicrobial coatings market during the forecast period.”
North America is projected to lead the global antimicrobial coatings market from 2020 to 2025.The North American antimicrobial coatings market is driven by the rising demand from the medical & healthcare sector to inhibit the growth of bacteria and microbes, causing HAIs. Due to the COVID-19 pandemic, the US is severely impacted and had the highest number of infected people.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1: 40%, Tier 2: 20%, and Tier 3: 40%
- By Designation: C-level Executives: 20%, Directors: 20%, and Others:60%
- By Region: North America: 40%, Europe: 15%, Asia Pacific: 40%, and Rest of World: 5%