Worldwide Antibacterial Coatings increase by 9.8% over 20 years

According to a report recently released by GVR (Grand View Research Inc), a well-known research institute in the United States, by 2020, the market value of the global antibacterial coating market is expected to reach 45.023 million US dollars.

In the next six years, the growing global market demand for medical device coatings will become the main driver for growth in the antibacterial coatings market. In addition, the market popularity of indoor air quality products (especially the United States) has had a positive impact on the research and development of antimicrobial paint products.

From 2014 to 2020, the biggest challenge for participants in the antibacterial coating industry will be the increasingly stringent industry regulatory system, the government’s focus on product health and environmental protection, and the access system for antimicrobial paint products. The fluctuation of silver and raw material prices will also have a negative impact on the antibacterial coating market.

The report pointed out that the global antibacterial coating market had a total volume of 310.3 thousand tons in 2013, and it is expected that this figure will reach 589.8 thousand tons by 2020, and maintain a compound annual growth rate of 9.8% (2014-2020).

In the coming years, surface-modified coatings will continue to dominate the global coatings market. In 2013, the market for surface-modified coatings accounted for 53.9% of the total transaction volume.

The global antibacterial powder coating market revenue is expected to reach US$22.132 million in 2020, and maintain a compound annual growth rate of 13.2% (2014-2020).

Indoor air quality products, the most important application area of ​​the antibacterial coating market, accounted for 26.9% of the total volume in 2013.

Anti-bacterial coating products for medical facilities are also being replaced. It is expected that the total volume of transactions will reach 151.6 thousand tons and 10.2% compound annual growth rate (2014-2020) by 2020.

In 2013, North America became the fastest growing region in the global antibacterial coating market, with total volume accounting for 39% of the global total. In the future, the North American region will continue to maintain a stable growth trend, and it is expected that the compound annual growth rate will reach 10.6% during the period 2014-2020. On the other hand, the antibacterial coatings market in Europe is expected to reach US$10.439 million by 2020.

At present, the top four most important participants in the global antibacterial coating market are AkzoNobel, Sherwin-Williams, Dow Microbiological Control and Diamond Vogel. In 2013, the market share of the four companies accounted for 40 of the total demand for antibacterial coatings. %.