Increasing awareness for hygiene and rapid expansion of the medical, food, and construction industry are driving the overall demand for antimicrobial coatings.
Europe Antimicrobial Coatings Market was valued at US$135.7 mln in 2015, and is expected to reach US$247.23 mln by 2021, at a CAGR of 10.52% from 2016 to 2021, as per Micro Market Monitor.
Growing concern towards providing a healthy environment has provided limitless opportunities for antimicrobial coatings. Antimicrobial coatings is generally a transparent coating that binds to surfaces at micro-molecular level and produces a long-lasting layer, which, once applied, creates a barrier that makes it difficult for pathogens to survive. Antimicrobial coatings are in huge demand, as various governmental bodies in Europe have regulated the use of other coatings, such as formaldehyde coatings that have a high VOC content.
Antimicrobial coatings cost higher than traditional coatings. The price of antimicrobial coatings is dependent on various factors, such as quantity, purity, procurement purpose, and geography. Increasing awareness for hygiene and rapid expansion of the medical, food, and construction industry are driving the overall demand for antimicrobial coatings. Furthermore, considerable amount of investments are made by market players to address the increasing demand of antimicrobial coatings products from varied industry verticals. Due to the presence of key players in Germany, the antimicrobial coatings market in this country led the Europe antimicrobial coatings market, with a share of 24.47% in 2015. Although, medical facilities have stringent cleaning policies, and have powerful drugs at their disposal, it is difficult to eliminate microorganisms completely unless surroundings are made completely unreceptive to germs. The traditional coatings that initially catered to a wide range of applications did not contain any antimicrobial properties. Antimicrobial coatings provide protection from disease-causing microorganisms, and thus these coatings are utilized in the medical sector. Such coatings are considered to be very effective against touch-transmitted pathogens, and also provide protection against Influenza type A virus due to their antimicrobial property.