Antimicrobial Coatings Market Size Worth $7.2 Billion by 2024: Global Market Insights, Inc.

Antimicrobial Coatings Market size may reach USD 7.2 billion by 2024; according to a new research report by Global Market Insights, Inc.

Steady rise for non-toxic medical equipment demand to counter infection risk from various microorganisms should drive global antimicrobial coatings market size. Over 90% of the medical devices currently make use of pretreatment products to counter hospital acquired infections (HAI).

Prevention from microbe growth including bacteria, parasites, viruses and fungi in order to reduce infection risk and protect surface area are key performance metrics for using these coatings residential & commercial buildings, medical equipment, and automotive surfaces. U.S. antimicrobial coatings market size generated sales of over USD 650 million in 2015. Positive indicators for ready acceptance of health improving devices coupled with growth in medical expenditures should drive regional demand.

Antimicrobial powder coatings market size accounted for over 45% of the total share. They are employed in refrigerators, sterilization equipment & beds in hospitals, kitchenware, shopping carts, kitchen sinks, food processing equipment, steel shelving, steel storage cabinets, escalators and elevators.

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These products can be manufactured using active ingredients such as silver, bronze, copper and titanium dioxide. Silver being the most common active ingredient may affect manufacturer profit margins and impact antimicrobial coatings market price.

The industry is closely monitored due to myriad applications in food packaging and healthcare industry. U.S. and EU have imposed strict regulations for antimicrobial coating use in hospitals, buildings and institutions to reduce infection risks.

Asia Pacific, particularly China and India, antimicrobial coatings market may achieve over 9.5% growth. Strong construction outlook in China, Malaysia, India,...