The report also provides insights into the growth of revenues and the sustainability initiative. This global market report for Global Antimicrobial Coatings Market includes all of the major players and brands ‘ company profiles.
Global Antimicrobial Coatings Market latest research report offers a complete analysis of the Antimicrobial Coatings industry influencing driving factors, impacting trends and demand, competitive landscape and factors restraining the growth of the market. Furthermore, our analysts aim at precisely forecasting the growth rate of the Global Antimicrobial Coatings Market using various market sizing methodologies such as bottom-up and top-down approaches to help our clients and other enterprises gain a better understanding of the current Global Antimicrobial Coatings Market scenario.
The Global Antimicrobial Coatings Market accounted for USD 3.7 billion in 2016 and projected to grow at a CAGR of 13.3% during the forecast to 2024.
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Market Definition: Global Antimicrobial Coatings Market
Antimicrobial coating is referred to be beneficial in reducing the risk of infected surfaces. Antimicrobial coating offers more protection than any other coating process offers. It has its wide application in Indoor air/HVAC, medical, mold remediation, building & construction, food & beverages, textiles, and others. Increasing healthcare sector in developing countries may act as the major driver in the growth of antimicrobial coating market. On the other side, loose bonds between fabrics and antimicrobial coatings may hamper the market.
Major Market Drivers:
Increasing healthcare sector in developing countries
Growing demand of indoor air quality
Helpful in stopping the spread of germs
Loose bonds between fabrics and antimicrobial coatings
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The global antimicrobial coatings market is segmented on the basis of product type into silver antimicrobial coatings, copper antimicrobial coatings, and others. The others segment is sub segmented into zinc oxide, zirconium, zinc omadine, titanium dioxide, quaternary ammonia, and others.
On the basis of application, the global antimicrobial coatings market is segmented into indoor air/HVAC, medical, mold remediation, building & construction, food & beverages, textiles and others.
On the basis of geography, the global antimicrobial coatings market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
The global antimicrobial coatings market is consolidated due to the presence of the limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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