Monday, 12 February 2018

Antimicrobial Powder Coating Market 2018: Share, Competitor Strategy, Trends by Forecast to 2023

Market Research Future published a Cooked Research “Global Antimicrobial Powder Coating Market Research Report – Forecast to 2023”- Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023

Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Diamond Vogel (U.S.), Axalta Coating Systems (U.S.), PPG Industries, Inc. (U.S.), and Koninklijke DSM N.V. (Netherlands) are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the Global Antimicrobial Powder Coatings Market.

Antimicrobial Powder Coating Global Market – Overview
Antibacterial Powder Coating is essentially applied on the object that comes in contact with a number of people to protect the objects from probable infections preventing the occurrence and growth of bacteria and fungi. While its obvious beneficial applications are in hygiene conscious environments like the field of food (restaurants), medical care facilities, schools, & sanitation equipment etc.; it is also used in the indoor air conditioning systems. The antimicrobial technology active in these coatings abolishes over 95% of bacteria and mould on a protected surface, auguring users a complete protection against microbial elements.

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Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, Antimicrobial Powder Coating market is expected grow to USD 31.4 billion by 2023, registering 3.9 %  of a CAGR during the anticipated period (2016 – 2023).  In 2016, the market was valued to be USD 24.2 billion.

Factors that predominantly drive the market growth include; rising concerns related to prevention of contamination risk in medical equipment, prevalence of infections, infectious diseases/ disorders occurred through medical instruments in hospitals & contaminated air coupled with the growth in health expenditure. Technological advancement in medical devices is positively impacting the market growth. Enhanced standards of living and disposable income of developing countries populace, is allowing them to invest in health and physical wellbeing, this trend is likely to continue in the future fueling the demand for Antimicrobial Powder Coating.

Conversely, the efficacy of Antimicrobial Coating which is hard to measure and reduce over the period of time. Moreover, it is difficult to monitor and extend the functionality of such coating. This is considered to be the restraining factor operating in the Global Antimicrobial Coating Market.
However, a fact that the Low cost, sustainable, and environment-friendly microbial cements, grouts, polysaccharides, and bio-plastics are the major component of “Construction Microbial Biotechnology”, which are useful in the construction and geotechnical engineering is projected to drive the demand for the antimicrobial coating in the rapidly growing construction industry.

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Worldwide Antimicrobial Powder Coating Market – Segmentation

The Antimicrobial Powder Coating Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

By Types: Comprises Metal (Silver, Copper), Microorganisms (Escherichia Coli, Listeria, & Pseudomonas) and others.

By Application: Automotive Healthcare, Food & Beverages, Textile, Air Conditioning & Ventilation System, Paints & Coatings, Building & Construction,  and others.

By Regions:  North America, Europe, APAC and Rest of the World.

Segment silver by type is leading the market with the largest share.

The healthcare segment by applications, is estimated to grow at the highest rate.

Worldwide Antimicrobial Powder Coating Market – Competitive Landscape
The Antimicrobial Powder Coating Market appears to be highly competitive owing to the presence of numerous well-established vendors. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.

Industry/ Innovation/Related News:
January 10, 2018 – Unigloves partnering with BioCote has launched the product – antimicrobial nitrile examination gloves ‘Fortified’ single use gloves, with silver ion technology, which destroys bacteria on its surface. Germ-killing silver ion tech from BioCote embedded in Unigloves medical products. The gloves are particularly effective against E.coli and Salmonella, antibiotic resistant superbugs like MRSA, VRE, CPE and CRE, invasive fungi species such as Candida auris, plus flu strains. The silver embedding prevents the cross contamination issue prevalent within hospitals, treatment centres, care homes and pharmaceutical facilities. Lonic silver particles are simply impregnated into the Unigloves synthetic nitrile (prior to vulcanisation) during production and homogenously dispersed throughout the rubber polymer, as opposed to being added as a surface coating which can wear off.

May 29, 2017 – Akzo Nobel, a global leader in powder coatings introduced ‘Interpon AM’, an antimicrobial powder paint.  Akzo Nobel has partnered with BioCote® to expand their world class Interpon brand to create the product.

April 26, 2017 – The VSHAPER MED one of the global leader in manufacturing of 3D printed medical models, implants, and even 3D printed organs introduced  UV sterilization, a HEPA filter for ventilation, and can print up to 450°C. The printer’s housing is made of an antibacterial, silver-based powder coating, and can print with many different materials.

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Worldwide Antimicrobial Powder Coating Market – Regional Analysis
North America market is growing rapidly owing to the presence of major end use industries in this region such as food processing and beverages.

Europe is another substantial region in the Global Antimicrobial Powder Coating Market, wherein Germany, the U.K., France, and Italy are the major markets.

Asia Pacific is holding relatively lesser share in the Global Antimicrobial Powder Coating Market.

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