ALBANY, NY - Transparency Market Research, Albany, NY, has released a new market analysis titled Antimicrobial Coatings Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 – 2018. The report notes that antimicrobial coatings demand was worth $1.6 billion in 2012 and is estimated to reach $3.3 billion in 2018, growing at a CAGR of over 12 percent from 2012 to 2018. North America is the global revenue leader in antimicrobial coatings and dominates the demand for these products.
There is a growing demand for antimicrobial coatings in medical applications such as catheters and other medical devices. With the realization that indoor air pollution can cause more harm to health, there has also been a noticeable rise in the use of antimicrobial coatings in improvement of indoor air quality. Increased use of plastic packaging in food applications has resulted in growing demand for additives and coatings in the food packaging industry. However, factors such as questionable efficacy of coatings used in apparel, health issues associated with the use of active silver as the main ingredient and stringent regulations governing the antimicrobial coatings market are restraining growth.