Global Antimicrobial Coatings Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-26 08:45:01
The Global Antimicrobial Coatings market is to grow at a CAGR of 12.92 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in the usage of antimicrobial coatings in medical/healthcare, and mold remediation applications. The Global Antimicrobial Coatings market has also been witnessing the development of eco-friendly antimicrobial coatings with very low toxicity levels. However, the increase in competition among various vendors could pose a challenge to the market.
Since the Global Antimicrobial Coatings market is highly competitive, manufacturers are providing new and innovative solutions and exploring new application areas for the existing range of products to stay ahead in the competition. Moreover, growing environmental and health concerns have led vendors to focus on the development of low toxicity paints and coatings. The market for antimicrobial coatings is witnessing increased expenditure on R&D of new products and services. More research is being undertaken on up-gradation and optimizing the performance of various antimicrobial additives in Indoor Air Quality, Mold Remediation, and Medical/Healthcare application segments.
The increase in applications of antimicrobial coatings is one of the major growth drivers for this market. In recent times the increase in usage of antimicrobial coatings in Medical/Healthcare, and Mold Remediation segments has boosted the growth of this market.
A major challenge in the market is the increase in competition among various vendors. The need for continuous support and service is another challenge in the market.
The key vendors dominating this market space are AkzoNobel N.V., BASF SE, E. I. du Pont de Nemours and Co., PPG Industries Inc., Sherwin-Williams Co., and The Dow Chemical Company.
Other vendors are Agion Technologies, Inc., AK Coatings Inc., RPM International Inc., and Troy Corp.
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