Global Antibacterial Coating Market Report Anticipates The Market Value To Cross USD 7.6 BN By 2026 With A CAGR Of 11.06%
Posted On January 10, 2020
The Global Antibacterial Coating Market was valued close to USD 3.6 BN in 2019 and is anticipated to reach USD 7.6 BN by 2026 with a CAGR of 11.06% within the forecasted period from 2020-2026 as per the report published by Value Market Research. The growth in the prevalence of bacterial infections and the increase in the demand for an antibacterial coating to reduce foodborne and hospital-borne infections are responsible for boosting the market growth. Moreover, the ongoing technological advancements for safer antibacterial coatings to be used on medical implants is likely to push the growth of the market uphill in the forecasted period. However, the high cost of raw materials may hinder the growth of the market.
Antibacterial coatings are the special coatings that prevent the growth of microorganisms like fungi, parasites and bacteria. The usage of these coatings provides improved cleanliness and hygiene as they eliminate the need for frequent cleaning. Such coatings are applied to the furniture, HVAC system, medical devices and other such surfaces in order to suppress the growth of various bacteria. These coatings are presumed to be biocompatible, safe and non-toxic thus making them utilizable across the food & beverage and healthcare industries.
The report “Global Antibacterial Coating Market Report By Product (Silver Coating, Copper Coating And Others), By Application (Building & Construction, Food & Beverages, Wood & Furniture, Medical And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026”covers the market drivers & restraints, an analysis based on segments and a competitive outlook by listing the key players of the global antibacterial coatings market.
By product, silver coating and copper coating are the segments of the global antibacterial coatings market. Silver coatings emerged as the leading product segment owing to the excellent properties of silver to suppress the growth of microbes of varied species. Also, inorganic silver being non-toxic to humans is widely used as a coating over medical implants, surgical tools, water filtration equipment, glass, food and pharmaceutical packaging. By application, building & construction, food & beverages, wood & furniture and medical are the segments of the global antibacterial coatings market. The medical sector dominated this segmentation owing to the rise in popularity of antibacterial coatings being used to improve hospital-borne infections. The increasing usage of antibacterial coatings on surgical devices, medical equipment, trays, gloves, cathedrals and implants is also a major driver for boosting the growth of this segment.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the regional segments of the global antibacterial coatings market. North America has emerged as the leading regional market owing to the strict regulations being imposed by authorities of Canada and the U.S. Besides, the growth in the usage of implantable devices, established healthcare sectors and high expenditure on medical care are also few other factors pushing the market uphill.
The Report Segments Global Antibacterial Coating Market -
- Silver Coating
- Copper Coating
- Building & Construction
- Food & Beverages
- Wood & Furniture
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Addmaster, Dortrend International Ltd., DOT GmbH, DUNMORE, I.P.R.S. Cladding & Coating Specialists, Just Manufacturing Company, Nano Science and Technology Consortium, Rical Group, Steritouch Ltd. and SunoTech Canada Inc.
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