Antimicrobial Powder Coatings Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Antimicrobial Powder Coatings Market size was valued at USD 1,637.2 million in 2021 and is projected to grow at a significant CAGR of 11.3% from 2022-2028. During the pandemic, antimicrobial powder coatings received much attention and were used in several temporary and existing healthcare facilities. Because of the COVID-19 pandemic, governments worldwide have revised their indoor air quality standards and laws. As a result, demand for antimicrobial-coated HVAC systems in the commercial and institutional sectors has increased significantly. As a result of increased awareness and installation and replacement of HVAC systems worldwide, demand for antimicrobial powder coatings is predicted to rise over the forecast period. Furthermore, in response to the increased concern and knowledge about safety and hygiene around the world, various businesses, including consumer goods and technology companies, are focusing on creating antimicrobial products. It will assist in meeting shifting customer preferences and market demand. Antimicrobial coatings are becoming increasingly popular in the medical and healthcare industries around the world. This is due to improved public awareness and government initiatives to prevent HAIs from spreading. The benefits of antimicrobial coatings are becoming more widely recognized, which is expected to push the global antimicrobial coatings market. During the projection period, manufacturers in the global market have room to grow. During the forecast period, silver is expected to be the fastest-growing additive category of the antimicrobial powder coatings market. Silver ion is well-known for its antifungal, antibacterial, and antiviral properties, and its low toxicity. The product’s expansion has been aided by technological advancements and efforts by coating producers to put silver-based antimicrobial powder coatings onto medical devices such as surgical instruments and implants.

Recent Market Developments:

In April 2022, PPG announced that it has completed its acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy

In May 2020, AkzoNobel’s enhanced powder coating puts emphasis on hygiene. Increased demand for products that can improve hygiene has prompted AkzoNobel to accelerate the addition of antimicrobial* properties to its Interpon D1000 and 2000 range of architectural powder coatings.