, March 22, 2018 ) The North America Antimicrobial Coatings Market
was worth USD 1.01 billion in 2017 and is projected to grow at a CAGR of 11.1%, to reach USD 1.7 billion by 2022. Surfaces of materials are the highly prone to contamination by bacteria and other microorganisms. Antimicrobial coatings consist of antimicrobial agents which inhibit the growth of microorganisms when applied to the surface of materials. They have been extensively used in healthcare in order to prevent hospital acquired infections which are fatal.
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They are used in food and beverages to prevent food poisoning and in cosmetics to prevent product degradation. Apart from these, they can be used on surfaces which are often touched by people to prevent contamination. Antimicrobial Coatings Market is growing rapidly without the realization of many of its competitors.
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Rapid advances in biotechnology and material sciences, increase in research activities on environmental microbiology and growing adoption in healthcare sector are the major factors driving the market growth. Rising number of hospital acquired infections and economic benefits by using coatings in the long term are also expected to drive the market. However, availability of alternate antimicrobial products and lack of awareness regarding the coatings are hindering the market growth.
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• Market Segmentation
• Y-o-Y Growth Analysis, By Type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type
On the basis of region, the North America Antimicrobial Coatings market is segmented into USA and Canada. USA leads the antimicrobial coatings market due to the high adoption rate of antimicrobial coatings in healthcare and residential sector as this region witness high mortality due to hospital acquired infections.
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Some of the major players in Antimicrobial Coatings market are Akzonobel, Nippon Paint Company, DOW Chemical Company, Damond Vogel, Sherwin Williams, BASF SE, Axalta Coating Systems, RPM International, Lonza Group, and Royal DSM.
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