According to the latest research, the antimicrobial coatings market is expected to grow at a CAGR of 9% -11% for the forecast period 2021-2031.
Demand for this product will be seen in all regional markets due to the growing awareness of safety and hygiene. Increasingly stringent hygiene regulations and increasing adoption of such coatings in various other end-use sectors are driving demand for these coatings, making the market for this product thriving in the future.
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The demand for antimicrobial coatings is increasing due to the main safety and hygiene benefits offered by the product. These coatings provide lasting protection against microbes and minimize odours, stains and degradation of the surfaces they are applied to.
The product finds wide application in many fields, such as coating for electronic devices, packaging materials, coating for surgical equipment and coating for tactile surfaces in hospitals to minimize the spread of infection. Home Décor uses this range of products to beautify the walls using paints with antimicrobial coating additives.
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Some of the key players operating in the global market are
- Akzo Nobel N. V.(Netherlands)
- The Sherwin-Williams Company (US)
- Axalta Coating Systems (US)
- PPG Industries (US)
- Nippon Paint Holdings (Japan)
- DuPont de Nemours (US)
- RPM International Inc. (Japan)
- Diamond Vogel Paint Company (US)
- BASF SE (Germany)
- Burke Industrial Coatings LLC (US)
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