According to latest research conducted on antimicrobial coil coating market, the size is expected to grow at a compound annual growth rate of 10-11 % for the forecast period of 2021 to 2027.
Rising adoption of home appliances and increasing urbanization along with hygiene, shifting consumer preferences and expanding middle class population will escalate the antimicrobial coil coatings industry growth.
Major factor which is playing a lead role in growth of the industry is the ongoing pandemic situation which has forced people to think about their safety regarding the health.
What is Driving Demand for Antimicrobial Coil Coating?
Coil Coating plays a vital role in durability of the components used in any appliances such as refrigerators, washing machine, air-conditioners and others. In construction, coil coatings are done to both interior and exterior construction applications. Some of the applications, where coil coating is being utilized are storage units, interiors, entry and exit door and many others.
Construction application is the major end user industry followed by the transportation industry currently. Apart from increasing the coil’s durability, appearance, corrosion resistance, etc., these coatings also protect from harmful disease-causing microbes. The trend of antimicrobial coil coating came in due specific reasons such as hygiene and safety.
As the urbanization is increasing so as the demand of constructions and appliances which propels the growth of these coil coatings and this current pandemic situation is playing the role of catalyst into this.
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Demand & Role of Antimicrobial Coil Coating:
There is an increase in the need to protect coils & surfaces from germs and microbes. This is not only for healthcare devices. From coils & surfaces, equipment and walls, to textiles and food, everything is susceptible to microbes, which ultimately find their way to human beings. It is not possible to always clean, disinfect or use strong chemicals on surfaces or on coils to prevent the growth of germs. In this scenario, antimicrobial coatings are the best option to tackle such dangerous situations.
It is a process of coating the coils with antimicrobial agents, leading to a more secure and long-term solution. Antimicrobial coatings help reduce maintenance costs. When the coating is applied on a coil, it prevents staining, discoloration or other factors that affect the look of the object. It saves the extra financial burden and labor that would have been used for the other purpose or objects.
Asia Pacific Demand Market Outlook for Antimicrobial Coil Coating:
APAC is expected to witness a significant growth during the forecast period owing to the increasing construction projects for commercial and corporate infrastructure along with residential buildings, growing food industry and expanding medical industry wherein, antimicrobial coatings are used in various applications to ensure safety and minimizing infections.
An increasing number of chronic diseases and rising awareness about health & hygiene is escalating the growth of the industry.
Europe Demand Outlook for Antimicrobial Coil Coating:
The majority of coil coatings demand in the region is expected from Central & Eastern European countries such as Bulgaria, Czech Republic, Russia, Belarus, and Romania which are witnessing high construction growth.
The demand for construction of new buildings, both commercial and residential, is consistently increasing, which results in the increasing demand of coil coating in the European region. Covid has played a very crucial role in the growth of this segment as people are more aware and more concerned about their wellbeing.
Who are the Key Manufacturers and Suppliers of Antimicrobial Coil Coating?
The major players covered in the coating market report are
- AK Coatings Inc. (USA)
- Akzo Nobel N.V. (The Netherlands)
- Alistagen Corporation (USA)
- BASF SE (Germany)
- BBJ Environmental Solutions (USA)
- Cupron Inc. (USA)
- Dow Microbial Control (USA)
- E. I. du Pont De Nemours and Company (USA)
- Foster Coating Products (USA)
- Fiberlock Technologies Inc. (USA)
- Lonza Group Ltd. (Switzerland)
- Microban International Ltd. (USA)
- PPG Industries Inc. (USA)
- Royal DSM N.V. (The Netherlands)
- Sciessent LLC (USA)
- Sherwin-Williams Company (USA)
- Specialty Coating Systems Inc. (USA)
- Sureshield Coatings Company (USA)
- Troy Corporation (USA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Antimicrobial Coil Coating Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.