The antimicrobial coatings market is growing due to expansion of the global medical device coatings market, and increasing application of coatings and additives in plastic packaging. Massive unexplored market in medical industry of developing economies is creating ample opportunities for the antimicrobial coatings market to grow at a considerable rate in the coming years. The advanced research and development facilities and new product developments by the companies are supporting to address the demand for antimicrobial coatings in the developing countries of Asia-Pacific and Latin America.
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The massive global problem in the modern society is the increasing diseases, which are caused due to micro organisms such as fungi, bacteria and viruses representing major threats to our hygienic lifestyle. The growing microbial resistance against antibiotics, metal ions, and development of resistant strains has forced the coating manufacturers to seek alternatives to traditional antimicrobial coatings. To develop new coatings with different formulations such has antibacterial and anti odor properties, the companies are following the regulatory standards defined by REACH, EPA and other environment care agencies.
Antimicrobial coatings are used for protecting surfaces from micro-organisms such as bacteria, parasites, fungi and germs. Primarily antimicrobial coatings were introduced just to restrain the effect of micro organisms in the surfaces, but with increasing health concerns due to the effect of such micro organisms on human health; antimicrobial applications now cover both surfaces and human.
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Some of the factors driving the growth of the antimicrobial coatings market are increasing demand of antimicrobial coatings and increasing market penetration for indoor air quality products. However, health issues associated with the use of silver in antimicrobial coatings, increasing need for efficacy and product innovation for textile applications and stringent regulatory scenario are some of the factors restraining the growth of the antimicrobial coatings market to some extent.
North America is leading the antimicrobial coatings market and is expected to be the fastest growing antimicrobial coatings market in the coming years. The major reasons for the fastest growth in the region are increasing healthcare expenditure and high standards of living of the consumers in the region. Moreover, the antimicrobial coatings market is growing due to increase of the antimicrobial coatings applications such as construction, medical and food in the emerging countries such as India and China of Asia-Pacific region.
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