Market Segmentation:
The Global Antimicrobial Powder Coating Market is segmented on the basis of type, application, and region. On the basis of commercially available types, the market is divided into metal (silver, copper), microorganisms (Escherichia Coli, Listeria, Pseudomonas, and others). Silver is the majorly consumed antimicrobial powder coating among them due to its potent antibacterial properties and high toxicity towards germs, fungi, algae, and other microbes. Additionally, the antimicrobial property of silver do not have any adverse impact on humans unless excessive silver is consumed.
On the basis of application, the Global Antimicrobial Powder Coating Market share is categorized into healthcare, food & beverages, textile, air conditioning & ventilation system, paints & coatings, building & construction, and others. Among them, the healthcare segment is estimated to grow rapidly because it is the biggest end-use application of Antimicrobial Coatings. The Antimicrobial Powder Coatings are extensively used in the healthcare industry for varied applications such as, catheters, medical devices, medical electronics, and trays among others. The demand for Antimicrobial Coatings is anticipated increase due to the rising demand from North America and Europe, wherein the governments are emphasizing on spreading awareness about contamination of food, drugs, and air. Governments in almost all the countries around the world are trying to decrease hospital acquired infections, which has been a major concern in the recent years. Furthermore, the stringent regulatory measures are being put in place by the government agencies to reduce these infections, which is projected to fuel the growth in this segment.
Regional Analysis:
Geographically, the Global Antimicrobial Powder Coating Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is the largest region, which hold nearly 35% share of the market. The growth in this region is mainly attributed to increasing demand for Antimicrobial Powder Coating in air conditioning and ventilation applications, along with the food & beverages industry. The U.S is the leading market in this region on the basis of growing demand for Antimicrobial Powder Coating. Europe is the second largest region in terms of market size, following North America. Germany, the U.K., France, and Italy are the major markets in this region. Asia Pacific is holding less share of the Global Antimicrobial Powder Coating Market. Increasing demand of new technology in medical sector mingled with rising medical tourism is likely to favor growth of the regional market during the forecast period. The Middle East & Africa is growing at substantial rate on account of emerging construction industry and huge investment potential of the region. Latin America is witnessing a steady rise in the industrialization along with pacifying political and economic scenario in Brazil and Colombia to join hands with leading regions in near future.
Powder Coating is applied as a free-flowing, dry powder on the surface of a substrate. It does not require a solvent to keep the binder and filler parts in a liquid suspension form. It is mainly used for metal coating such as household appliances, aluminum extrusions, drum hardware medical equipment, and automobile parts. The Antimicrobial Powder Coating is a highly engineered material synthesized to mimic antimicrobial peptides which are used by the immune systems of living things to kill bacteria and other pathogens. It exhibits the ability to inhibit the growth of microorganisms such as bacteria, fungi or protozoans. The major applications of Antimicrobial Powder Coatings can be found in paints and coatings, in medical equipment, sanitary facilities, and indoor air conditioning systems. As of 2016, over 90% of the medical instruments and devices are disinfected prior to use to prevent hospital acquired infections (HAI), which may boost the demand for the product as a protective and hygienic coating. Growing concern regarding the prevention of contamination risk in the medical equipment may fuel growth of the antimicrobial coating market. The key players in the Global Antimicrobial Powder Coating Market are adopting the mergers & acquisitions, expansions, contracts & agreements, along with huge investments in R&D, which may propel the growth of the global market over the forecast period.
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Competitive Analysis:
The major players operating in the Antimicrobial Powder Coating Market are Akzo Nobel N.V.(Netherlands), BASF SE (Germany), Diamond Vogel (U.S.), Axalta Coating Systems (U.S.), PPG Industries, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), RPM International Inc. (U.S.), The Dow Chemical Company (U.S.), The Sherwin-Williams Company (U.S.), and Sono-Tek Corporation (U.S),among others.
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Market Research Future Published a Half-Cooked Research Report on Global Antimicrobial Powder Coating Market Research Report- Forecast to 2023Overview:Powder Coating can be defined as a free-flowing, dry powder applied on the surface of any substrate.
This Powder Coating has an advantage over the liquid coatings as they show no demand for solvents.
The component for such powders come from the immune systems of living things that can kill bacteria and various other pathogens.
The global market for Antimicrobial Powder Coating would gain better traction from the healthcare sector and air conditioning system and can register robust growth between 2016 and 2023.
In the construction industry, this growth would be substantial due to the rise in demand for cements with Antimicrobial Powder Coating.However, the efficacy of this Antimicrobial Powder Coating may go down with time, which can be a substantial market deterrent.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/4553Competitive Landscape:Players taking keen interest in the Global Market for Antimicrobial Powder Coating are Diamond Vogel (U.S.), Akzo Nobel N.V.(Netherlands), BASF SE (Germany), PPG Industries, Inc. (U.S.), Axalta Coating Systems (U.S.), RPM International Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), The Sherwin-Williams Company (U.S.), The Dow Chemical Company (U.S.), Sono-Tek Corporation (U.S), and others.
MRFR profiled these companies to track their latest developments and make a note of the direction in which the global market is moving.Recently, researchers at Nanopack, an EU-funded project, revealed that they have developed a plant-based essential oils as antibacterial coating to develop an antimicrobial packaging.Segmentation:The market study of the Antimicrobial Powder Coating has a better scope for easier understanding with segments on diverse scale.
Powder coatings has gained widespread acceptance in the coatings industry for its performance characteristics which is equal to liquid coatings and the environmental benefits (free of VOCs) of powder make it far superior and user friendly.
However there are increasing demands for new product developments and the major driving force for new product developments come from the market requirements combined with environmental compliance.End users are more concern to know about the technological improvements and about the value added products.
Marpol is continuously striving to offer value added products to the customers.
One of such requirement is Antibacterial powder coatings.
End users are more concern about the coatings surface which inhibits the bacterial growth so coatings that repel microorganism are always in demand.
Antibacterial powder coatings fulfill these needs.
