Healthy Outlook for Anti-Germ Coatings
American germophobia—in health care, schools, industrial settings and even inside the human body—will help drive a nearly 10 percent annual surge in antimicrobial coatings in the years ahead, a new report forecasts.
U.S. health and environmental concerns will push that market past the $4.5 billion mark by 2020, according to "Antimicrobial Coatings Market Analysis And Segment Forecasts To 2020," recently released by San Francisco-based Grand View Research Inc.
Demand for medical device coatings and products that enhance indoor air quality will give a boost to those segments, the report says.
Antimicrobial coatings are used on a variety of surfaces—from industrial flooring to architectural and medical components—to protect surfaces and humans from parasites, bacteria, germs, fungi and other micro-organisms.
Key Findings and Players
Segmented by product, application and region, the report includes these highlights:
Products that enhance indoor air quality are the leading application market for antimicrobial coatings, according to the report by Global View Research.
Raw materials and regulations will remain the sector's biggest challenges.
|AST Products Inc.|
Antimicrobial products like AST Products' RepelaCOAT, for medical devices, will remain a booming market.
Stringent regulatory scenarios are likely to continue in Europe and the U.S., due to increasing health concerns over the use of silver in the coatings and the issues and costs associated with product registration.
In addition, volatile prices of silver and other raw materials are also expected to dampen profitability, the report found.