The global antimicrobial coatings market size is predicted to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period.
The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings market growth, states Fortune Business Insights in a report, titled Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 3,690.0 Million in 2019.
The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics.
Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Regional Analysis:Favorable Laws and Policies will Strengthen Market in North AmericaThe market size in North America stood at USD 1,383.5 million in 2019.
The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market.The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the market in North America.Significant Development:January 2019: Akzo Nobel N.V., a global leader and produced of powder coatings, announced that its Interpon AM range, containing BioCote antimicrobial protection was selected to be applied on 2,350 door handles in Abu Dhabi clinic.
This coating combats the growth of microbes such as bacteria and mold.Market Driver:Strong Utilization of Antimicrobial in Disease Prevention to Improve Business Prospects The increasing application of antimicrobial coatings in healthcare facilities can be a vital factor in inflating the demand of the market.