Powder
Coating is applied as a free-flowing, dry powder on the surface of a substrate.
It does not require a solvent to keep the binder and filler parts in a liquid
suspension form. It is mainly used for metal coating such as household
appliances, aluminum extrusions, drum hardware medical equipment, and
automobile parts. The Antimicrobial Powder Coating is a highly engineered
material synthesized to mimic antimicrobial peptides which are used by the
immune systems of living things to kill bacteria and other pathogens. It
exhibits the ability to inhibit the growth of microorganisms such as bacteria,
fungi or protozoans.
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The major
applications of Antimicrobial Powder Coatings can be found in paints and
coatings, in medical equipment, sanitary facilities, and indoor air
conditioning systems. As of 2016, over 90% of the medical instruments and
devices are disinfected prior to use to prevent hospital acquired infections
(HAI), which may boost the demand for the product as a protective and hygienic
coating. Growing concern regarding the prevention of contamination risk in the
medical equipment may fuel growth of the antimicrobial coating market. The key
players in the Global Antimicrobial Powder Coating Market are adopting the
mergers & acquisitions, expansions, contracts & agreements, along with
huge investments in R&D, which may propel the growth of the global market
over the forecast period.
Competitive
Analysis:
The major
players operating in the Antimicrobial Powder Coating Market are Akzo
Nobel N.V.(Netherlands), BASF SE (Germany), Diamond Vogel (U.S.), Axalta
Coating Systems (U.S.), PPG Industries, Inc. (U.S.), Koninklijke DSM N.V.
(Netherlands), RPM International Inc. (U.S.), The Dow Chemical Company (U.S.),
The Sherwin-Williams Company (U.S.), and Sono-Tek Corporation (U.S),among
others.
Market
Segmentation:
The Global
Antimicrobial Powder Coating Market is segmented on the basis of type,
application, and region. On the basis of commercially available types, the
market is divided into metal (silver, copper), microorganisms (Escherichia
Coli, Listeria, Pseudomonas, and others). Silver is the majorly consumed antimicrobial
powder coating among them due to its potent antibacterial properties and high
toxicity towards germs, fungi, algae, and other microbes. Additionally, the
antimicrobial property of silver do not have any adverse impact on humans
unless excessive silver is consumed.
On the basis
of application, the Global Antimicrobial Powder Coating Market is categorized into healthcare, food
& beverages, textile, air conditioning & ventilation system, paints
& coatings, building & construction, and others. Among them, the
healthcare segment is estimated to grow rapidly because it is the biggest
end-use application of Antimicrobial Coatings. The Antimicrobial Powder
Coatings are extensively used in the healthcare industry for varied
applications such as, catheters, medical devices, medical electronics, and
trays among others. The demand for Antimicrobial Coatings is anticipated
increase due to the rising demand from North America and Europe, wherein the
governments are emphasizing on spreading awareness about contamination of food,
drugs, and air. Governments in almost all the countries around the world are
trying to decrease hospital acquired infections, which has been a major concern
in the recent years. Furthermore, the stringent regulatory measures are being
put in place by the government agencies to reduce these infections, which is
projected to fuel the growth in this segment.
Regional
Analysis:
Geographically,
the Global Antimicrobial Powder Coating Market is spanned across five key
regions: Asia Pacific, North America, Europe, Latin America, and the Middle
East & Africa. North America is the largest region, which hold nearly 35%
share of the market. The growth in this region is mainly attributed to
increasing demand for Antimicrobial Powder Coating in air conditioning and
ventilation applications, along with the food & beverages industry. The U.S
is the leading market in this region on the basis of growing demand for
Antimicrobial Powder Coating. Europe is the second largest region in terms of
market size, following North America. Germany, the U.K., France, and Italy are
the major markets in this region. Asia Pacific is holding less share of the
Global Antimicrobial Powder Coating Market. Increasing demand of new technology
in medical sector mingled with rising medical tourism is likely to favor growth
of the regional market during the forecast period. The Middle East & Africa
is growing at substantial rate on account of emerging construction industry and
huge investment potential of the region. Latin America is witnessing a steady
rise in the industrialization along with pacifying political and economic
scenario in Brazil and Colombia to join hands with leading regions in near
future.
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