Antimicrobial Powder Coatings Market Research Report
Antimicrobial Powder Coatings Market:
Growth opportunities in the antimicrobial powder coating
market look promising over the next six years. This is mainly due to the
growing use of antimicrobial powder coatings by the manufacturers, rising
demand for antimicrobial powder coating in textile, air food, architecture,
healthcare, construction industries, and reducing maintenance costs.
Request
for a FREE Sample Report on Antimicrobial
Powder Coatings Market.
Antimicrobial
Powder Coatings Market Dynamics (including market size, share, trends,
forecast, growth, forecast, and industry analysis)
Key
Drivers
The surging demand for antimicrobial powder coating in
different sectors such as air conditioning and ventilation, textile, food,
healthcare, paints and coatings, architecture, construction, etc., is one of
the key factors fuelling the growth of the market. Increasing use of
antimicrobial powder by the HVAC system manufacturers to halt the growth of
molds and other bacteria and to minimize the maintenance cost accompanied by
the remarkable growth in demand for HVAC systems in commercial, residential,
institutional, and industrial sectors are expected to boost the growth of the
global antimicrobial
powder coatings market over the forecast period. The antimicrobial coatings
have gained widespread acceptance in the coatings industry because of their
performance characteristics providing resistance to chips, knocks, scratches,
and more durability than standard paint.
Furthermore, antimicrobial powder coatings have experienced
a rise in demand, predominantly among the medical and healthcare facilities,
due to the outbreak of the COVID-19 pandemic. However, strict government
guidelines and rules for the manufacturing of antimicrobial powder coatings and
high cost compared to other coating products are anticipated to hamper the
market's growth.
Additive
Type Segment Drivers
Based on additive type, the market is segmented into zinc,
copper, silver, and others. The silver-based antimicrobial coatings powder
segment is projected to expand at a faster CAGR during the forecast period.
This is largely due to its low toxicity for humans and animals and the
antifungal, antibacterial, and antiviral properties of silver ions.
Additionally, the expanding utilization of silver-based antimicrobial powder
coatings in polymers, medicinal equipment, consumer appliances, textiles, and
other industrial application owing to its hygiene safety, long-lasting effect,
and biocompatibility are predicted to further boost the market growth over the
forecast period.
Regional
Drivers
On the basis of region, North America is expected to
dominate the antimicrobial powder coatings market because of the indoor air
quality among consumers and the increasing awareness regarding the safety and
hygiene of food & beverage products. The widespread outbreak of COVID-19
has also promoted the demand for antimicrobial powder coatings to prevent the
spread of pathogens and viruses for the safety of the patients and staff at
hospitals. Moreover, fast economic development, high disposable income, and
high living standards further strengthen the antimicrobial powder coatings market share.
On the other hand, the Asia-Pacific region is projected to
experience a faster CAGR during the forecast period led by the growing number
of industries such as painting, electronics, steel furniture, construction,
food, and packaging industries. An increase in per capita disposable incomes
coupled with the growing concerns for the hygienic, safe, and healthy
environment among the consumers in developing countries, including Japan,
China, India, and South Korea, is stimulating the region's market growth.
Additionally, the demand for antimicrobial products to inhibit the growth and
spread of harmful microorganisms in the COVID-19 pandemic situation and the
expansion in the number of healthcare facilities is further supporting the
growth of the antimicrobial powder coating market.
Antimicrobial
Powder Coatings Market’s leading Manufacturers:
·
Tulip Paints
·
Dulux Group
·
Protech-Oxyplast Group
·
Axalta Coating Systems LLC
·
PPG Industries Inc.
·
Pulver Kimya San. ve Tic. A.S.
·
Berger Paints India Limited
·
IGP Pulvertechnik AG
·
Akzo Nobel N.V.
·
The Sherwin-Williams Company
Antimicrobial Powder Coatings Market Segmentation:
Segmentation by Additive Type:
·
Silver
·
Zinc
·
Copper
·
Others
Segmentation by End-Use Industry:
·
Medical & Healthcare
·
HVAC
·
Appliances
·
Food Equipment
·
General Industry
·
Transportation
·
Fitness Equipment
·
Steel Furniture
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is a market research and consulting company
that offers business insights and market research reports for large and small
& medium enterprises. Our detailed reports help the clients to make
strategic business policies and achieve sustainable growth in the market
domain. The company's large team of seasoned analysts and industry experts with
experience from different regions such as Asia-Pacific, Europe, North America,
among others, provides a one-stop solution for the client. Our market research
report has in-depth analysis, which includes refined forecasts, a bird's eye
view of the competitive landscape, key factors influencing the market growth,
and various other market insights to aid companies in making strategic
decisions. Featured in the 'Top 20 Most
Promising Market Research Consultants' list of Silicon
India Magazine in 2018, we at GMI Research are always looking forward to
helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments
Post a Comment