LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global antimicrobial coatings market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global antimicrobial coatings market is highly fragmented due to the presence of many key players. The vendors in the market operate in a highly competitive environment. These players have a vast geographic presence with large production facilities located globally. However, there are a sizeable number of small regional vendors that hold significant shares in the market.
“AkzoNobel was the market leader in the global paints and coatings market, accounting for a share of 16% in 2013; the market position was captured by PPG industries, accounting for a share of 17% in 2015,” says Mahitha Mallishetty, a lead paints, coatings, and pigments research analyst from Technavio.
The stakeholders in the paints and coatings market are interdependent. Efficient use and proper application of advanced coatings technologies require considerable support services from the stakeholders.
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Top six antimicrobial coatings market vendors
Axalta Coating Systems
Axalta Coating Systems offers various antimicrobial coating products for many applications. For instance, it offers Alesta AM powdered coatings which are produced through silver zeolite technology. The product meets the Federal Code of Regulations, Title 21, Section 175.300 and Resinous and Polymeric Coatings and National Sanitation Foundation/American National Standards Institute (NSF/ANSI) Standard 51 for food equipment.
AkzoNobel offers various antimicrobial coatings products for many applications. It has partnered with BioCote and expanded its Interpon brand to create Interpon AM — an antimicrobial powder coating. AkzoNobel has followed a quality check at every batch of products manufactured to ensure quality products that have a high antibacterial protection.
BASF provides a wide range of alkyd, polyester, and polyurethane-based waterborne binders, which acts as antimicrobial coatings. MasterLife AMA 100 offered by the company protects the concrete structures from biodeterioration, which will induce corrosion upon contact through electrophysical mechanisms.
PPG Industries provides coating solutions to the customers in diverse markets. This sector involves in the business activities of aerospace, architectural coatings, marine coatings, industrial coatings, automotive coatings, and other industries.
RPM International provides various types of coatings for a broad range of industries, such as marine, wood, commercial construction, industrial, safety, and others. It offers various products under its three business segmentations for various application.
Sherwin-Williams provides coatings solutions mainly in the US. It offers wood coating solutions for the customers in the US and other neighboring countries. It is expanding its coatings business in APAC and Europe, the Middle East, and Africa (EMEA) by acquiring and integrating more than 20 businesses from 2006 to 2016.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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