- The key vendors in the global antimicrobial coatings market 2015-2019 are AkzoNobel, BASF, Dow Chemical, DuPont, PPG and Sherwin-Williams
London, 03 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global antimicrobial coatings market 2015-2019. The global antimicrobial coatings market 2015-2019 is expected to witness increase in demand for water-based coatings such as, high solids, powder, and radiation-cure coatings with antimicrobial activity in the coming years. This is mainly because of increase in number of stringent environmental regulations in different geographies such as North America and Europe that has created demand for inorganic coatings. The global antimicrobial coatings market 2015-2019 is expected to grow at a CAGR of 14.38% during the period 2015-2019.
Customers across the globe are insisting on superior-quality products with high antimicrobial activity. Therefore, end-users worldwide have started deploying superior-quality antimicrobial coatings and paints such as primers, putties, and finish coats. Growth of the antimicrobial coatings market is further boosted by the initiatives taken that increase awareness about health benefits of using antimicrobial additives in paints and coatings.
“Various coating products have been introduced for applications in the medical sector especially pertaining to endotracheal tubes and orthopedic devices,” says Faisal Ghaus, Vice President of Technavio Research.
“Use of antimicrobial coatings in endotracheal tubes is to inhibit bacterial growth and biofilm formation. Moreover, growing environmental and health concerns have led vendors to focus on development of low toxicity paints and coatings.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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