Report Ocean released a new report on the antimicrobial coating market. The antimicrobial coatings market report contains information on many relevant factors, such as market constraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and market trends that affect the growth of the antimicrobial coatings market. In addition, the database also analyzes and estimates the global and regional antimicrobial coatings market.
According to a new study published by Report Ocean, by 2026, the global antimicrobial coatings market is expected to reach 7.48 billion U.S. dollars, growing at a compound annual growth rate of 12.4% during the forecast period. Report "Antimicrobial coating market size, share, trend and industry analysis report classified by raw materials (inorganic, organic and other)"; by product type (E. coli, Pseudomonas, Listeria and others), by end use ( HVAC, food industry, construction, mold remediation, medical and other), by region, market segment and forecast, 2019-2026' provides comprehensive and detailed analysis, outlining current trends and future insights.
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Antibacterial coatings are coating formulations mixed with a small amount of fungicides to improve resistance to bacteria, fungi and other pathogens. These coatings are used on a variety of substrates for different end-use applications, such as textiles, medical, food processing and packaging, HVAC, automobiles and other durable consumer products. The multiple bactericides used in the formulation include copper, organosilane, nano-silver and a few other quaternary ammonium salt products.
AMC coating greatly reduces the incidence of hospital infections. Therefore, with the rapid growth of the number of hospitals, the medical industry is an important driving force for the growth of the antimicrobial coating industry. Medical treatment is the largest end use of antimicrobial coatings. AMC is often used in medical/healthcare environments for applications such as catheters, medical equipment, medical electronics, pallets, etc. Due to the health needs in North America and Europe, the demand for antibacterial coatings is increasing, and these regions have strong concerns about antibacterial coatings in the medical/healthcare industry.
AMC has multiple uses in HVAC and food packaging and processing applications, driving the growth of AMC coatings. In HVAC, the AMC coating is rubbed onto vents and other mechanical surfaces. The food industry and applications use these AMC coatings to increase the shelf life of the product, which is equivalent to the life of the product in the store. As the demand for ready-to-eat food increases, disposable income increases, and consumers live on the fast lane, the market has found many buyers for AMC.
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The antimicrobial coating market is subject to stringent quality inspections, including comprehensive testing for potentially lethal and harmful environmental impacts in accordance with the Centers for Disease Control (CDC) guidelines. In addition, manufacturers of antimicrobial coatings must develop clinical standards for testing methods and comply with the FIFRA sales promotion of the Environmental Protection Agency (EPA).
Technology has also played a role in the important growth of these products. Significant progress has been made in materials such as nano-silver, and in-depth research and development activities have also promoted the development of nano-silver. The Anti-Microbial Coatings Innovations (AMiCI) alliance is studying the many real-world environments in which AMC coatings are used, and has formulated laws and developments governing their use.
North America leads the regional growth of the global AMC industry. Western Europe and the Asia-Pacific region have followed suit. The U.S. expenditure in the health sector is quite high, which contributes to the high growth factor of the regional market. The growing elderly population in Japan has led to increased expenditures in the medical industry, thus contributing to the rapid growth of the Asia-Pacific region.
The global market is composed of a considerable number of multinational companies and regional players. Major market players include Akzo Novel NV, BASF SAE, Dow DuPont, AK Coatings, Inc., BioInteractions Ltd., PPG Industries Inc., Lonza Group Ltd. and Covalon Technologies Ltd..
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The 2019 COVID-19 pandemic swept the world. It caused a pause throughout the world. The entire global economy has been affected. In addition, many people lost their lives. To date, approximately 252,297,094 COVID-19 cases and 5,091,465 deaths have been reported globally. The pandemic has spread to almost every country in the world. In most industries, the pandemic has caused some form of loss. Due to the pandemic, the antimicrobial coating market has also experienced a slowdown. Statista estimates that the total revenue of the global antimicrobial coatings market in 2019 is approximately US$3.94 trillion. In 2014, the antimicrobial coatings market created a revenue of US$5.4 trillion, a record high.
The degree of competition among world-renowned companies is derived by analyzing several leading competitors operating globally. In addition, professional analysts examine all aspects of the chemical market, including market competition, market share, the latest developments in the industry, the release of innovative products, partnerships, mergers and acquisitions of leading companies.
The report Ocean breaks down the global antimicrobial coatings market report based on raw materials, product types, end-uses and regions:
AMC Coating Raw Material Outlook (Revenue in Millions of USD, 2015-2026)
AMC Coating Product Type (Revenue in Million Dollars, 2015-2026)
AMC coatings end-use outlook (in millions of dollars in revenue, 2015-2026)
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AMC Coatings Regional Outlook (Revenue Million USD, 2015-2026)
What is the key information extracted from the report?
The report provides extensive information on factors that are estimated to affect market growth and market share during the forecast period. The report provides the current market status and future growth prospects for each geographic region. Provide analysis of the competitive landscape in the market, as well as qualitative and quantitative information. The SWOT analysis is carried out in conjunction with Porter's five forces analysis. In-depth analysis provides insight into the market, highlighting the growth rates and opportunities offered in the business.
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