Antibacterial Coating Market Grow with a High CAGR- Global Industry Analysis

Global Antibacterial Coating Market is valued approximately at USD 2.98 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 12.10% over the forecast period 2019-2026. Antibacterial coatings are the materials used the provide protection from the bacteria present in the environment. This facilitates the object (furniture, medical devices and building and construction materials) to stay fresh and reduces risk of getting infected by any micro-organism. Further, stringent environmental regulations in developed countries have encouraged the end-users to apply antibacterial coatings in schools, hospitals, other architectures. As a result, the adoption of antibacterial costing would increase across various sectors.

The growth of the market is primarily driven by rising demand from end-user sectors such as construction, food and beverages and medical and rising demand from the emerging economies. For Instance: such coating is applied to medical devices, furniture, HVAC systems to suppress the growth of the various viruses and bacteria. Since these coatings are safe, non-toxic and biocompatible hence used across healthcare and food & beverage sector. According to the report published by Equentis Capital, healthcare sector in India is growing at a 15 per cent compound annual growth rate (CAGR) and grew from $45 billion in 2008 to US$ 78.6 billion in 2012 and is expected to touch $158.2 billion by 2017. However, time-consuming regulatory approvals for the coatings and high costs of raw materials involved in the antibacterial coating are expected to impede the growth of the market over the forecast period.

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The regional analysis of global Antibacterial Coating market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to hold a notable share in the world in terms of revenue owing to the growing demand from end-user industries along with the increased demand from indoor air/HVAC and medical applications segments. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period.

Major market player included in this report are:
Akzo Nobel N.V
PPG Industries Inc
Nippon Paint Company Ltd.
DuPont de Nemours Inc
RPM International Inc
Dow Chemical Company
Sherwin-Williams Company
Diamond Vogel

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. 

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Christophe Rude

Christophe Rude

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