Global antimicrobial powder coatings market was valued at $ 2.1 billion in 2022 and is likely to reach $ 6.8 billion by 2032, registering a CAGR of 11.4% over the forecast period of 2023-2032.
The antimicrobial coating powder market is experiencing significant growth, driven by increasing awareness of hygiene, rising concerns about hospital-acquired infections (HAIs), and stringent regulations in various industries. These specialized coatings, applied as dry powders and cured to form a protective layer, possess the ability to inhibit the growth of harmful microorganisms such as bacteria, fungi, and viruses on coated surfaces.
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Companies:
• AkzoNobel N.V.
• Axalta Coating Systems
• Burke Industrial Coatings
• Diamond Vogel
• Ecolab Inc.
• Jotun
• Lonza
• Microban International
• Nippon Paint Holdings Co., Ltd.
• PPG Industries, Inc.
• Protech Group
• RPM International Inc.
• The Sherwin-Williams Company
• TIGER Coatings GmbH & Co. KG
• Troy Corporation
Market Drivers:
• Heightened Hygiene Awareness: The COVID-19 pandemic significantly amplified the focus on cleanliness and surface hygiene across all sectors, boosting the demand for antimicrobial coatings.
• Rising HAIs: The increasing prevalence of hospital-acquired infections and the need to maintain sterile environments in healthcare facilities are key drivers for the adoption of antimicrobial coatings on medical devices, equipment, and surfaces.
• Stringent Regulations: Regulatory bodies worldwide are implementing stricter guidelines for hygiene and safety in industries like healthcare, food processing, and HVAC, necessitating the use of antimicrobial solutions.
• Growing Demand for HVAC Systems: The expanding installation and replacement of HVAC systems in residential, commercial, and institutional buildings, coupled with concerns about mold formation and indoor air quality, are driving the demand for antimicrobial coatings on HVAC components.
• Expansion of Medical Tourism: The growth of the medical tourism industry, particularly in Asia, is increasing the demand for high hygiene standards in healthcare facilities, further fueling the market for antimicrobial coatings.
• Increasing Use in Food Processing and Packaging: Antimicrobial coatings play a crucial role in ensuring food safety by preventing contamination and extending the shelf life of packaged food products.
• Advancements in Technology: Innovations in antimicrobial technologies, such as the use of silver and copper nanoparticles, are enhancing the efficacy and durability of powder coatings, making them more attractive for various applications.
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