Report Predicts Asia-Pacific Antimicrobial Coatings Market to Reach $240 Million by 2019
FORT WORTH, TX – According to a new market report, the market for antimicrobial coatings in Asia-Pacific is estimated to grow to $240 million by 2019 at a CAGR of 12% from 2014 to 2019. According to the report, the growth can be attributed to wide usage of the coatings many applications.
The report, Asia-Pacific Antimicrobial Coatings, defines and segments the market in Asia-Pacific with analysis and forecast of revenue.
Antimicrobials are used as additives to coatings in order to inhibit the growth of microorganisms such as bacteria, mold, and mildew that cause odor, stains, and/or product degradation on the applied coating. Antimicrobial coatings are used largely when human contact is high, as it helps prevent the transfer of microbes.
With the same physical and performance characteristics as that of standard coil coatings, antimicrobial coatings are also available in polyester, urethane, epoxy, acrylic and polyvinylidiene coatings systems. The most prevalent antimicrobial coatings used are copper, silver and zinc.
The Asia-Pacific region is the second-largest consumer of antimicrobial coatings in the world, mainly driven by the building and construction industry. In the region, there is a huge consumption potential, growing production capacities, competitive manufacturing costs, and high economic growth rates that are favorable forces for future market growth. The growth of major end-user industries such as medical, construction and food, mainly in China and India, will serve as opportunities for companies to invest in the Asia-Pacific region. The increasing demand for antimicrobials from end-user applications is boosting the antimicrobial coatings market. The need to minimize infection and, in turn, the cost of treatment, has spurred the use of antimicrobial coatings on hospital window frames, doorknobs, and other areas where hygiene is mandatory, thereby sustaining investments in the market.
The report covers the Asia-Pacific antimicrobial coatings market, which is segmented on the basis of sub-market, application and geography.
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