Antimicrobial Powder Coatings Market:
Growth opportunities in the antimicrobial powder coating market look promising over the next six years. This is mainly due to the growing use of antimicrobial powder coatings by the manufacturers, rising demand for antimicrobial powder coating in textile, air food, architecture, healthcare, construction industries, and reducing maintenance costs.
Antimicrobial Powder Coatings Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The surging demand for antimicrobial powder coating in different sectors such as air conditioning and ventilation, textile, food, healthcare, paints and coatings, architecture, construction, etc., is one of the key factors fuelling the growth of the market. Increasing use of antimicrobial powder by the HVAC system manufacturers to halt the growth of molds and other bacteria and to minimize the maintenance cost accompanied by the remarkable growth in demand for HVAC systems in commercial, residential, institutional, and industrial sectors are expected to boost the growth of the global antimicrobial powder coatings market over the forecast period. The antimicrobial coatings have gained widespread acceptance in the coatings industry because of their performance characteristics providing resistance to chips, knocks, scratches, and more durability than standard paint.
Furthermore, antimicrobial powder coatings have experienced a rise in demand, predominantly among the medical and healthcare facilities, due to the outbreak of the COVID-19 pandemic. However, strict government guidelines and rules for the manufacturing of antimicrobial powder coatings and high cost compared to other coating products are anticipated to hamper the market’s growth.
Additive Type Segment Drivers
Based on additive type, the market is segmented into zinc, copper, silver, and others. The silver-based antimicrobial coatings powder segment is projected to expand at a faster CAGR during the forecast period. This is largely due to its low toxicity for humans and animals and the antifungal, antibacterial, and antiviral properties of silver ions. Additionally, the expanding utilization of silver-based antimicrobial powder coatings in polymers, medicinal equipment, consumer appliances, textiles, and other industrial application owing to its hygiene safety, long-lasting effect, and biocompatibility are predicted to further boost the market growth over the forecast period.
Regional Drivers
On the basis of region, North America is expected to dominate the antimicrobial powder coatings market because of the indoor air quality among consumers and the increasing awareness regarding the safety and hygiene of food & beverage products. The widespread outbreak of COVID-19 has also promoted the demand for antimicrobial powder coatings to prevent the spread of pathogens and viruses for the safety of the patients and staff at hospitals. Moreover, fast economic development, high disposable income, and high living standards further strengthen the antimicrobial powder coatings market share.
On the other hand, the Asia-Pacific region is projected to experience a faster CAGR during the forecast period led by the growing number of industries such as painting, electronics, steel furniture, construction, food, and packaging industries. An increase in per capita disposable incomes coupled with the growing concerns for the hygienic, safe, and healthy environment among the consumers in developing countries, including Japan, China, India, and South Korea, is stimulating the region’s market growth. Additionally, the demand for antimicrobial products to inhibit the growth and spread of harmful microorganisms in the COVID-19 pandemic situation and the expansion in the number of healthcare facilities is further supporting the growth of the antimicrobial powder coating market.
Antimicrobial Powder Coatings Market’s leading Manufacturers:
- Tulip Paints
- Dulux Group
- Protech-Oxyplast Group
- Axalta Coating Systems LLC
- PPG Industries Inc.
- Pulver Kimya San. ve Tic. A.S.
- Berger Paints India Limited
- IGP Pulvertechnik AG
- Akzo Nobel N.V.
- The Sherwin-Williams Company
Antimicrobial Powder Coatings Market Segmentation:
Segmentation by Additive Type:
- Silver
- Zinc
- Copper
- Others
Segmentation by End-Use Industry:
- Medical & Healthcare
- HVAC
- Appliances
- Food Equipment
- General Industry
- Transportation
- Fitness Equipment
- Steel Furniture
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- Francea
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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