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Global Antimicrobial Powder Coatings Market Size, Trends, and Analysis with COVID-19 Impact - Forecasts 2026 By Additive Type (Silver, Zinc, Copper Others), By End-Use Industry (Medical & Healthcare, Food Equipment, General Industrial, Fitness Equipment, Steel Furniture, Transportation, Appliances, HVAC, Others), By Region (North America, Europe, Asia Pacific, Rest of the World); and Company Market Share Analysis & Competitor Analysis
Antimicrobial Powder Coatings Market Insights
The global antimicrobial powder coatings market will propel at a high CAGR during the forecast period from 2020 to 2026. Antimicrobial powder coatings are immune to bacteria, producing antimicrobial agents that prevent microbial infection. Antimicrobial powder coatings are applied as free-flowing, dried powder on several substrates or surfaces. Hence, the increased demand for antimicrobial powder coatings in the healthcare and medical industries are driving market growth. The rising government investments in the healthcare sectors coupled with the growing concerns associated with air pollution and hazards will drive market growth. However, the fluctuation in prices of coating products and stringent government rules and regulations are some of the factors likely to restrain the market growth during the forecast period.
Antimicrobial Powder Coatings Market: By Additive Type
Based on the additive type, the global antimicrobial powder coatings market is segmented into zinc, silver, and copper & others. Amongst all the types of additive, the silver type will be the fastest-growing segment at a high CAGR from 2020 to 2026. This is due to the growing technological advancements and coating manufacturers have made attempts to add silver-based antimicrobial powder coatings on medical equipment, such as implants and surgical tools.
Antimicrobial Powder Coatings Market: By End-Use Industry
Based on the study of the end-use industry, this market is fragmented into ten segments namely; medical & healthcare, food equipment, general industrial, fitness equipment, general industrial, fitness equipment, steel furniture, transportation, appliances, and HVAC, among others. The medical & healthcare segment is the largest share contributed to this market. The rising prevalence of viral diseases is expected to drive market growth over the forecast period. Antimicrobial powder coatings facilitate a hygienic and safe environment. These coatings are commonly used by dental, and hospitals, as they protect coating equipment.
Antimicrobial Powder Coatings Market: By Region
Based on the region, the global antimicrobial powder coatings market is split into North America, Europe, Asia-Pacific, and the Rest of the World. The largest revenue contributor in the market is the North America region during the forecast period. The increasing demand from healthcare and medical industry is driving the growth of the market of antimicrobial powder coatings. Countries like the U.S. and Canada are heavily investing and increasing expenditure on food preservation and processing applications. The rapid industrialization along with technological advancements are some of the significant factors driving the market growth in the region.
Antimicrobial Powder Coatings Market Share & Competitor Analysis
The main key players operating in this market are PPG Industries, Sherwin-Williams Company, Akzonobel N.V., Axalta Coating Systems Llc, Berger Paints India Ltd, Pulver Kimya San. Ve Tic. A.S, Igp Pulvertechnik Ag, Protech-Oxyplast Group, Rapid Coat Powder Coatings, Ifs Coatings Inc., Dulux Powder And Industrial Coatings, Tulip Paints, Aerowood Powder Coating Limited., Kastus Technologies, and Topo Powder Coating Co. Ltd., among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In May 2020, Akzonobel N.V. announced the addition of antimicrobial properties to its architectural powder coating sequence Interpon D1000 and 2000
Check the Press Release on Global Antimicrobial Powder Coatings Market Report
Antimicrobial Powder Coatings Market: By Additive Type
Antimicrobial Powder Coatings Market: By End-Use Industry
Antimicrobial Powder Coatings Market: By Region
The global Antimicrobial Powder Coatings Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Antimicrobial Powder Coatings Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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