PUNE, India - According to a new study by research firm MarketsandMarkets, the global antimicrobial coatings market was worth $1.5 billion in 2012 and is estimated to reach $2.9 billion by 2018, growing at a CAGR of 11.8 percent from 2013 to 2018 under normal conditions. The high demand across industries such as indoor air/HVAC, medical, mold remediation, building and construction, food and beverages, and textiles will increase overall materials consumption.
Antimicrobial coating manufacturers and research institutions are investing in research and development for new coatings applications. Countries such as China, India and Japan are growing markets for antimicrobial coatings. North America is the largest region followed by Asia-Pacific and Europe. The major players in the antimicrobial coatings industry include AkzoNobel, BASF, DuPont, DOW, PPG Industries, Sherwin-Williams and Kansai. North America is also the global hub for major antimicrobial coatings manufacturers.
End-user industries, from textiles, heating, ventilation, air-conditioning, bathroom fittings, and other medical and electronic devices, are driving the market for antimicrobial coatings by offering new silver-, copper- or zinc-coated antimicrobial products to customers.
In the report, market demand for antimicrobial coatings is analyzed by considering the factors that affect this market. The materials demand, in terms of the value and volume, depicts current and future projections according to parallel economic and industrial outlooks. This analysis covers the major developments, expansions, agreements, and mergers and acquisitions of leading global companies.
For additional information about the report, Antimicrobial Coatings Market by Type (Silver, Copper, and others such as Zinc Oxide, Titanium Dioxide, and Zinc Omadine), Application (Indoor air/HVAC, Medical, Mold remediation, Building & Construction, Food & Beverages, Textiles, and others), & Geography (North America, Europe, Asia-Pacific, and ROW) - Global Trends and Forecasts to 2018, visit www.marketsandmarkets.com.