November 17, 2020
As per the research report titled ‘North America Antimicrobial Coatings Market Size By Product, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026A’ available with Market Study Report, North America antimicrobial coatings market valuation is anticipated to surpass USD 2.5 billion by the year 2026.
Factors such as rising geriatric as well as affluent population, growing awareness regarding infections contracted due to improper healthcare, increasing adoption of implantable devices, and ability of the product to reduce microbial accumulation on biomedical and industrial materials are augmenting the growth of North America antimicrobial coatings market size.
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Escalating demand for antimicrobial coatings due to high efficacy of antimicrobial envelopes coupled with strategic alliances of key participants with manufacturers in India and China are further fueling the industry expansion.
Furthermore, high concentration of medical coating manufacturers, increasing efforts of major companies towards development of biostable, biocompatible, and non-toxic antimicrobial coatings, and emergence of product innovations such as upscaling the biological receptivity of medical devices are stimulating the North America antimicrobial coatings market outlook.
Based on product type, the antimicrobial powder coatings segment is projected to account for 10.5% revenue share over 2020-2026. Increasing product adoption across numerous verticals including construction, automobile, and healthcare coupled with growing consumer awareness towards contagious diseases like common cold & flu are fostering the expansion of the segment.
With regards to application scope, the antimicrobial textiles application segment reflected a 47.7% share in North America antimicrobial coatings industry and is estimated to expand considerably over the forecast period. Flourishing wound care business, improving quality of healthcare practices, rising disposable income as well as standards of living, and escalating demand for antimicrobial textiles for first-aid kits are propelling the growth of the segment.
As per the country-level analysis of the report, the industry is bifurcated into Mexico, Canada, and U.S.
Leading companies that define the North America antimicrobial coatings industry trends are AK Coatings, Inc., Arch Chemicals Inc. (acquired by Lonza Group Ltd), Troy Corporation, Sherwin-Williams Company, Sono-Tek Corporation, RPM International Inc., Koninklijke DSM N.V., Diamond Vogel, Nippon Paint Co. Ltd., Akzo Nobel N.V., BASF SE, DuPont de Nemours, Inc., and AK Steel Holding Corporation.