The global antimicrobial coatings market size is predicted to reach USD 8,650.7Million by 2027, exhibiting a CAGR of 11.5% during the forecast period. The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings market growth, states Fortune Business Insights in a report, titled AntimicrobialCoatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application(Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building &Construction, Food & Beverage, Textile, and Others), and Regional Forecast,2020-2027” the market size stood at USD 3,690.0 Million in2019. The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period.
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Regional Analysis:
Favorable Laws and Policies will StrengthenMarket in North America
The market size in NorthAmerica stood at USD 1,383.5 million in 2019. North America and is likely to remain dominant during the forecast period. The growth in the region is attributed to the rising demand for antimicrobial coatings in indoor air / HVAC and medical applications. Favorable Healthcare Policies and laws will further promote the market in NorthAmerica. The rising demand from the food& beverages and apparel industry in the U.S. and Canada will support the growth in North America. The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market. The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the market in North America.
Information Source:
https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784
