28 November 2019
The antimicrobial powder coating Market Report 2020-2030: Forecasts by Product (Organic, Inorganic, Natural), Application (Healthcare, Food & Beverages, Textile, Air Conditioning & Ventilation System, Paints & Coatings, Building & Construction, and Others), by region and analysis of leading companies operating in this industry.
The global market size of antimicrobial powder coating is estimated to exceed USD 3.2 billion in 2020 and is expected to grow over the forecast period at a CAGR of more than 20 percent. The global antimicrobial powder coating market is witnessing a rapid growth and is expected to generate promising opportunities for market expansion in the coming years. The rapid growth of the coatings industry for medical devices is expected to encourage the overall market growth. Moreover rising market penetration, especially for indoor air quality, is likely to increase the global market over the forecast period. It is expected that the high strength, durability, aesthetics, corrosion resistance, and easy application of antimicrobial powder coatings will support market growth in the coming years.
Antimicrobial powder coatings are applied as free flowing, dry powder on various substrates or surfaces. These are different from liquid coatings because they do not involve a solvent to preserve the parts of the filler and the binders, in liquid suspension form. Such coatings display the ability to hamper microorganism growth, including fungi, protozoans, and bacteria. In addition, these are highly engineered materials used by the immune system to inhibit the growth of pathogens and microbial bacteria that are produced to replicate antimicrobial form of peptides.
Over the past few years, inorganic products have been dominant market segment and this trend is expected to continue over the forecast period due to its higher efficiency compared to organic and natural products. The category for inorganic materials contains materials like gold, silver and heavy metals. Due to its property of biocompatibility, gold is the most commonly used inorganic material.
In addition to helping protect against diseases and pathogens, these coatings are mainly used on products that often come into human contact. Due to rising customer concerns related to air pollution and related risks, air conditioning & ventilation systems have dominated the market over the past few years among the other applications. During the forecast period, growing use of the product in the construction industry is expected to open up new business avenues for the global antimicrobial powder coating market.
Due to its increasing consumption demand, North America dominated the market , particularly in healthcare, food processing and preservation applications. In addition, growth in the antimicrobial coating industry also dependson demand for consumer goods, including tableware, storage bins, and sanitary goods. Rising disposable incomes and GDP growth rates are projected to fuel demand for consumer goods, which will in turn have a positive impact on the market over the forecast period.
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