Antimicrobial Coatings Market is valued approximately USD 3.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.7 % over the forecast period 2020-2027.
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Antimicrobial coatings contains antimicrobial agents are used for protecting surfaces from micro-organisms such as bacteria, parasites, fungi and germs. The coatings are typically applied to walls, door handles, counters, vents and can also be sprayed onto gloves, textiles, masks, and carpeting. They are used in wide application including construction, food, and healthcare industry.
The global Antimicrobial Coatings market is being highly demanded in the medical & healthcare industry due to COVID-19 as this coatings gained significant attention and were applied in the several temporary and existing healthcare facilities during the COVID-19 pandemic to prevent the spread of Healthcare-Associated Infections (HAIs). the medical & healthcare sector will lead the market growth during and post-COVID-19 pandemic, growing demand in HVAC systems and increasing demand from the food & beverage industry are the few factors responsible for growth of the market over the forecast period.
Moreover the introduction of products and services along with strategic alliance by the various market players will create a lucrative growth of the market. For instance: on 10th June 2019, The Sherwin-Williams Company launched Powdura 4000 Anodite powder coatings, is designed to look like anodized metal surfaces while delivering a smooth, ultra-matte, powder-coated finish and are available as part of a 12-color preferred collection. However, high cost of products and highly skilled labor requirement and stringent governmental regulations is the major factor restraining the growth of global Antimicrobial Coatings market during the forecast period.
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The regional analysis of global Antimicrobial Coatings market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the ongoing investments for the development of the healthcare sector in the country will support market growth. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Axalta Coating Systems Ltd
The Sherwin-Williams Company
Diamond Vogel Paint Company
PPG Industries, Inc.
Nippon Paint Holdings Co., Ltd.
Rpm International Inc.
Koninklijke Dsm N.V.
Dupont De Nemours, Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Medical & Healthcare
Food & Beverage
Building & Construction
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Antimicrobial Coatings Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Key questions answered in the Polypropylene and Polypropylene Composites Market report are:
How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the chemical market over the forecast period?
What are the factors driving and restraining the market for chemicals?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?’
This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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