Global Antimicrobial Coatings Market 2018 Forecast to 2023 - Silver Coatings Dominate the Market - ResearchAndMarkets.com

DUBLIN--()--The "Global Antimicrobial Coatings Market - Segmented by Material, by Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

With the consistent rise in food-poisoning cases and hospital acquired infections, the demand for and usage of anti-microbial coatings is augmenting in healthcare and food-processing industries. Additionally, owing to rising healthcare spending in emerging countries such as India and China, the demand for and usage of anti-microbial coatings are expected to increase during the forecast period.

Hospitals are now focusing on using medical equipment coated with antimicrobial coatings, owing to their inherent characteristic of inhibiting germ and bacterial development. Additionally, with growing consumer awareness regarding hospital acquired infections, consumers are opting for hospitals with better medical facilities and equipment. Consequently, making healthcare sector major consumer of antimicrobial coatings.

Silver Coatings Dominate the Market: Silver is proven to be the most effective antimicrobial material and has the least toxicity to humans. It was rapidly adapted as a microbial deterrent in healthcare. It is extensively used as an anti-microbial agent in wound dressings, cotton fibers, endotracheal tubes, water filtration equipment, glass, food and pharmaceutical packaging, and white goods etc.

The United States Is Witnessing a Healthy Growth in Anti-Microbial Paints Market: The preference for anti-microbial coated medical equipment in the United States is increasing due to the various initiatives taken by the government as well as the hospitals in the country to prevent nosocomial infections. Moreover, the United States medical and surgical equipment production is expected to grow by around 5% yearly, which in turn, provides an opportunity for the growth of anti-microbial coatings market in the health care industry.

Major Players: Akzonobel, BASF SE, Sherwin Williams, PPG Industries, Lonza Group Ltd., and Troy Corporation amongst others.

Notable Developments in the Market

  • October 2017: RPM International Inc. announced that its USL Group had acquired Ekspan Holdings Limited, a provider of movement control products and services for bridges and major structures.

Market Dynamics

Drivers

  • Augmented Use of Anti-Microbial Coating in Medical Equipment Manufacturing
  • Increasing Demand for Germ Resistant Durable Goods

Constraints

  • Lack of Technological Awareness in Developing and Under Developed Nations
  • Volatility in Raw Material Prices

Opportunities

  • Increasing R&D Activities
  • Development of Multi-Functional Coatings

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

  • AK Coatings Inc.
  • AkzoNobel
  • AST Products Inc.
  • BASF SE
  • Biointeractions Ltd.
  • Covalon Technologies Ltd.
  • Dow Chemicals
  • DuPont
  • Hydromer Inc.
  • Lonza Group Ltd.
  • Mankiewicz Gebr. & Co.
  • PPG Industries
  • Royal DSM
  • RPM International Inc.
  • Sciessent LLC
  • Sherwin Williams
  • Sono-Tek Corporation
  • Specialty Coating Systems Inc.
  • Troy Corporation

For more information about this report visit https://www.researchandmarkets.com/research/hhj8t9/global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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Related Topics: Medical Device Coatings

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Medical Device Coatings