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Rising use of additives and coatings in plastic packaging to fuel growth of Antimicrobial Coating Market

Rising use of additives and coatings in plastic packaging to fuel growth of Antimicrobial Coating Market

The global Antimicrobial Coating market is set for rapid growth by decade end. The market  was valued at around US$2.10 bln in 2014 and is expected to reach US$5 bln in 2020, growing at a CAGR of around 9% between 2015 and 2020, as per Zion Research. In terms of volume, the global antimicrobial coating market stood at above 325,000 tons in 2014. The major driving factor is rapidly expanding market for indoor air quality products. Increasing awareness about hospital-acquired infections is also expected to have positive impact on growth of antimicrobial coating market. In addition, rising use of additives and coatings in plastic packaging coupled with increasing demand of plastic packaging in different applications is expected to fuel the growth of this industry. However, environmental issues related to antimicrobial coating are expected to limit the growth of this industry. Additionally, huge untapped market for medical/healthcare industry is expected to offer growth opportunities to manufacturers.
Antimicrobial coating deals with the protection of the surface or the product on which antimicrobial coating is applied. This coating helps to kill, prevent, discourage or perform as a combination of the actions to reduce the growth of micro-organisms such as germs, viruses, bacteria, fungi & molds and parasites. Antimicrobial coating exhibit the properties such as abrasion & scratch resistance, heat resistance, chemical resistance, adhesion promoting surfaces etc., due to which it is used in many applications. Antimicrobial coating has been modified to perform a dual role that is to protect human beings from diseases causing micro-organisms and reduce risk of infections as well as protecting the application surfaces at the same time.
Antimicrobial powder coatings and surface modifications & coatings are the major product segments of antimicrobial coating market. Antimicrobial powder coatings are further segmented into silver and other product segment. E. coli, listeria, pseudomonas are the sub segments of surface modifications and coatings. Surface modifications and coatings was the leading product segment, which accounted for over 50% share of total volume consumption in 2014. Antimicrobial powder coatings product segment expected to exhibit moderate growth rate over the forecast period. Key application markets for antimicrobial coating includes indoor air quality, mold remediation, medical/healthcare, antimicrobial textiles, construction, food and other. Indoor air quality dominated the global antimicrobial coating market in 2014. Medical or healthcare was the second largest application segment in the antimicrobial coating market in 2014. The antimicrobial textiles, mold remediation, construction, food market witnessed a significant growth in the recent years and this growth is expected to persist in the coming years. Antimicrobial coating are widely used in plastic packaging, as these offer abrasion & scratch resistance, heat resistance and chemical resistance. With around 40% shares in total volume consumption, North America was the largest market in terms of consumption antimicrobial coating. Due to huge importance given to medical and healthcare in general, the demand for antimicrobial coatings has been highest in North America. Asia-Pacific is the second largest market for antimicrobial coatings followed by Europe. Growing health awareness and changing consumer behavior is expected to drive the market in the region over the forecast period.

The antimicrobial coatings market has grown tremendously over the past decade amid strong impetus from HVAC and medical sectors with new and improved products spearheading the market, as per Industry Arc. The market has expanded crossing geographical boundaries and serving a truly global customer base. Antimicrobial Coatings basically provide an extra line of defense and complementary strategies for maintaining hygiene standards and public health. They reduce the risk of infected surfaces acting as a source for transmission for infectious bacteria to food and humans. Additionally, these substances also provide economical and environment advantages by reducing the frequency of painting, labour and chemical costs. Biocides such as silver, copper and Titania are added to paint formulations to enhance the product from microbial attack and provide added protection against fungal and algal growth. Further yet, they also prevent the stain and deterioration of paint caused by these bacteria.
Insights and Market Growth Trends:
* New and better products have been commonly been introduced in the antimicrobial coatings market since a notable number of years which is aiding the overall prominence of this industry and thus driving sales. These improved products of the market in the last decade have expanded across the world geographies serving a true customer base.
* The various industries that prominently demand antimicrobial coatings are electronics, pharmaceuticals, construction, food and packaging and more. Among all the prominent end user industries, healthcare is noted to be one of the most quality industries with prime usage in healthcare for sterilization of all healthcare equipment.
* These end users utilize antimicrobial coatings for a number of applications and to varying extents. Apart from the medical sector, HVAC industries are also noted as other largest markets for antimicrobial coatings driven by safety needs, particularly in North America.

As per Research and Markets, the global antimicrobial coatings market is estimated to reach US$4.19 bln  by 2021, at a CAGR of 12.1% from 2016 to 2021. Growing demand from the medical and indoor applications in North America and Europe is expected to drive the antimicrobial coatings market. Antimicrobial coatings find usage in applications such as, indoor air / HVAC, medical, mold remediation, building & construction, foods & beverages, textiles, and other applications (consumer products, packaging, and so on). 
The medical application accounted for the largest share of the overall antimicrobial coatings market and this trend is projected to continue throughout the forecast period. Antimicrobial coatings are used in medical products, devices, and surfaces in medical facilities to prevent the spread of infections. Medical is also anticipated to be fastest growing application segment during the forecast period. Indoor air / HVAC was the second largest application segment of antimicrobial coatings in 2015. Antimicrobial coatings are used in heating, ventilation, and air conditioning, or HVAC. These systems regulate the temperature and indoor air quality, and maintain comfortable and safe atmospheric conditions in buildings. Air filters built into these systems reduce the effect of airborne diseases. The mold remediation, building & construction, and foods & beverages application segments are expected to grow at moderate rates from 2016 to 2021. 
Companies are carrying out intense research & development activities to innovate and develop new products which can open new avenues of applications. Developments are taking place in medical applications leading to the further penetration of antimicrobial coating applications.

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Toshiba 350 ton injection moulding machine

Toshiba 350 ton injection moulding machine