Antimicrobial Powder Coatings Market Growth Trajectory Through 2024-2033|BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Royal DSM N.V., Akzo Nobel N.V., ICL Advanced Additives Ltd.

The Antimicrobial Powder Coatings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Antimicrobial Powder Coatings Global Market Report 2024, The antimicrobial powder coatings market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to growing awareness of hygiene standards, stringent regulatory requirements, health concerns and pandemic preparedness, demand in consumer goods, prevention of microbial growth.

The antimicrobial powder coatings market size is expected to see rapid growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to healthcare infrastructure development, expanding food and beverage industry, rising demand in residential construction, preventive measures in public spaces, increased use in transportation. Major trends in the forecast period include integration in building and construction materials, consumer goods and household applications, automotive interior surfaces and components, advancements in formulations for prolonged efficacy, regulatory compliance and certification standards.

The rising concern about the prevention of contamination risk in medical equipment is driving the growth of the antimicrobial powder coating market going forward. Contamination in medical equipment refers to the unintentional or inadvertent introduction of infectious material like bacteria, yeast, mold, fungi, virus, prions, protozoa, or their poisons and by-products on medical equipment that shows harmful effects on human health. Hospitals, surgical centers, and dental offices frequently employ antimicrobial powder coating to cover medical equipment such as hospital beds, wheelchairs, handrails, lifts, trolleys, and others with a protective layer that comes in contact with patients that are prone to bacteria, viruses, and parasites, as well as mold or mildew to reduce the risk of hospital-acquired infections. For instance, according to the World Health Organization (WHO), a Switzerland-based agency of the United Nations responsible for international public health, in 2022 globally out of every 100 patients around 7 patients in high-income countries and 15 patients in low-and middle-income countries are contacted by at least one healthcare-associated infection (HAI) and on average 1 in every 10 affected patients dies due to HAI. Therefore, the rising concern about the prevention of contamination risk in medical equipment is expected to propel the growth of the antimicrobial powder coating market going in the coming years.

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The antimicrobial powder coatings market covered in this report is segmented –

1) By Product: Natural, Organic, Inorganic
2) By Additive: Silver, Zinc, Copper, Other Additive Type
3) By End-Use Industries: Healthcare, Textiles, Electrical and Electronics, Food and Beverages, Building and Construction, Other End-User Industries

Major companies in the antimicrobial powder coating market are focusing on innovative products, such as thermoplastic elastomers with antimicrobial technology, to help preserve high-touch surfaces and applications. Thermoplastic elastomers with antimicrobial technology are materials that combine the flexibility and moldability of thermoplastic elastomers with the ability to inhibit microbial growth, providing enhanced durability and hygiene in various applications. For instance, in May 2021, Avient Corporation, a US-based global manufacturer of specialized polymer materials, launched GLS Thermoplastic Elastomers with Antimicrobial Technology. These feature EPA-registered antimicrobial additives, inhibiting bacterial growth by 99.9% or more, and have been rigorously tested for efficacy, meeting JIS Z2801 and ASTM G21-15 standards. This innovative product significantly advances the antimicrobial powder coating market by providing an extended useful life, preserved surface integrity, increased durability, and minimized odors, making it a valuable tool for enhancing the treatment of surfaces vulnerable to microbial growth.

The antimicrobial powder coatings market report table of contents includes:

1. Executive Summary
2. Antimicrobial Powder Coatings Market Characteristics
3. Antimicrobial Powder Coatings Market Trends And Strategies
4. Antimicrobial Powder Coatings Market – Macro Economic Scenario
5. Global  Antimicrobial Powder Coatings Market Size and Growth

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32. Global  Antimicrobial Powder Coatings Market Competitive Benchmarking
33. Global  Antimicrobial Powder Coatings Market Competitive Dashboard
34. Key Mergers And Acquisitions In  Antimicrobial Powder Coatings Market
35. Antimicrobial Powder Coatings Market Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• BASF SE
• The Sherwin-Williams Company
• PPG Industries Inc.
• Royal DSM N.V.
• Akzo Nobel N.V.
• ICL Advanced Additives Ltd.

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