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Asia Pacific Antimicrobial Coatings Market Size By Application (Indoor Air Quality, Antimicrobial Textiles, Mold Remediation, Construction, Food, Medical & Healthcare), By Product (Antimicrobial Powder Coatings [Silver, Copper], Surface Modifications and Coatings [E. Coli, Pseudomonas, Listeria), Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Published Date: December 2020 | Publisher: Graphical Research Report ID: GR1501 | Delivery : PDF

Asia Pacific Antimicrobial Coatings Market share surpassed USD 815 million in 2019 and the industry is predicted to register substantial gains at over 10.5% up to 2026.

Antimicrobial coatings are chemical substances routinely applied over surfaces that inhibits the proliferation  of harmful, infectious micro-organisms such as pathogens, germs, bacteria, and parasites.  Antimicrobial coatings are primarily used to resist microbes and pathogen causing diseases. It offers the surface's durability, appearance, corrosion resistance, which should drive antimicrobial coatings demand. It provides long-lasting protection against fungi, bacteria, parasites, and other microbes. It has wide applications in food, healthcare, indoor air quality, construction, mold radiation industries, marine, and aerospace industry, this will likely to foster the growth of the antimicrobial coating market.

Base on the product, the market is bifurcated into powder coatings and surface modifications. Antimicrobial powder coating has been further divided into silver and copper ions films. The antimicrobial powder coating segment grows at a CAGR of 11% in the predicted period.

Powder coating is mainly made up of copper and silver films, as copper has good antimicrobial properties that efficiently covered and provide security to the surfaces. In addition, silver has the inherent ability to kill a wide range of harmful microbes such as Escherichia coli, Mycobacterium tuberculosis, Streptococcus mutant, Salmonella enteric, and Chlamydophila pneumonia are rapidly covered the surfaces. The aforementioned factors ensure the widespread usage of these coatings in healthcare institutions to prevent infections, surgical devices, food packaging material, walls, indoor air quality, construction and electronic appliances.

Surface modifications and coatings products accounted for the maximum share in the Asia Pacific market share during the predicted timeframe. Surface coating provides corrosion resistance protection for metallic substances such as aerospace, automotive sector, aesthetic and staining protection. Furthermore, changing consumer perceptions regarding the adverse effects of environmental pollution, such as acid rain & snow, humid climatic conditions, may foster the growth of the market. In addition, surface modification and coating treatment increase the mechanical, electrical, and thermal performance of the material, which may stimulate product demand.

The medical and healthcare from application segment valued revenue was over USD 240 million in 2019 which represents ample growth opportunities for the market. The antimicrobial coating offers protection from the transmission of bacteria and harmful germs provide infection protection against them. Moreover, catheter coating with antimicrobial protection is used to improve the cleanliness in healthcare facilities. Growing demand for medical products with antimicrobial features and extensive use in the healthcare sector will foster the growth of the Asia Pacific antimicrobial coating market.

Asia Pacific antimicrobial coatings market from food applications should register a CAGR of 10% by the end of the forecast period. Increasing consumption of packaged food products, and ready to eat snacks owing to, rise in the female workforce, hectic  lifestyle schedules, and high disposable income will foster market share of antimicrobial coatings. Copper, silver foils are predominately used in the production of packaging material, which prevents fungal infection in food and minimizing the risk of contamination growth of pathogens. Considering these factors should drive the market from the food application segment.

Asia Pacific market share is significantly competitive with major players including A.K Steel, DuPont, BASF, AkzoNobel, Sono-Tek, Nippon Paint, Sherwin-Williams Company, Troy Corporation, Diamond Vogel Paints, Lonza Arch and RPM International. Manufacturers are primarily engaged in strategic acquisitions, product launches and collaborations to attain competitive advantage.
 

Frequently Asked Question(FAQ) :

The market size of Asia Pacific Antimicrobial Coatings was valued USD 815 million in 2019.
The industry share of Asia Pacific Antimicrobial Coatings is projected to witness more than 10.5% growth rate during 2020 to 2026.
Asia Pacific market share is significantly competitive with major players including A.K Steel, DuPont, BASF, AkzoNobel, Sono-Tek, Nippon Paint, Sherwin-Williams Company, Troy Corporation, Diamond Vogel Paints, Lonza Arch and RPM International.

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Asia Pacific Antimicrobial Coatings Market Size 2026 | Industry Trends


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