Global Antimicrobial Powder CoatingMarket: Overview
The globalmarket for antimicrobial powder coatings is growing at a significant pace andis projected to generate promising growth opportunities in the next few years.The rapid growth of the medical device coatings industry is estimated toencourage the growth of the overall market. In addition, the increasingpenetration of the market, especially for indoor air qualities is likely toaugment global market throughout the forecast period. The durability, highstrength, corrosion resistance, aesthetics, and the easy application of antimicrobialpowder coatings are estimated to supplement the market’s growth in the comingyears.
Theresearch study has provided a detailed analysis of the globalantimicrobial powder coating market, focusing on the vital factors thatare likely to impact the development of the global antimicrobial powder coatingmarket in the coming years. In addition, a thorough overview of the competitivescenario of the market has been provided in the study in order to provide astrong understanding to readers. The historical data, technologicaldevelopments, and the forecast statistics concerning the market have also beenadded in the study to guide the new and existing players in making effectivebusiness decisions. The product segmentation, key applications, and geographicalsegmentation have been highlighted in the study.
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Global Antimicrobial Powder Coating Market: Drivers andRestraints
Therising air pollutions resulting in various health hazards is one of the primaryfactors anticipated to fuel the growth of the global antimicrobial powdercoating market in the coming years. In addition, the growing awareness amongconsumers concerning the air pollution, the demand for key products of themarket is estimated to grow significantly in the forecast period. The severalbenefits offered by antimicrobial powder coatings, including highbio-compatibility are projected to encourage the market’s growth.
On theother hand, the rising number of regulations in this field is one of the keyfactors expected to restrict the growth of global antimicrobial powder coatingmarket in the next few years. Nevertheless, the developing constructionindustry and the rising research and development activities are likely tocontribute widely towards the growth of the global market.
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Global Antimicrobial Powder Coating Market: Region-wise Outlook
The globalmarket for antimicrobial powder coatings can be classified on the basis ofgeography into Europe, North America, Asia Pacific, and Rest of the World.Among these, the North America is likely to lead the global antimicrobialpowder coating market in the next few years. With a high growth rate, thisregion is projected to witness a high demand, thanks to the rising foodpreservation and healthcare applications. In addition, the demand forantimicrobial powder coatings is dependent on the rising demand for severalconsumer goods, including tableware, sanitary, and storage bins.
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The AsiaPacific market for antimicrobial powder coatings, on the other hand, isanticipated to grow at a robust pace in the coming years. The high growth ofthis region can be attributed to the increasing GDP growth rate and the risingdisposable income among consumers. The developing economies in this region,such as Brazil, India, and China are predicted to offer promising opportunitiesfor the key players in the overall market.
Key Players Mentioned in the Research Report are:
The keyplayers operating in the global antimicrobial powder coating market are RoyalDSM N.V., Dow Microbial Control, AkzoNobel NV, RPM International, PPGIndustries Inc., Diamond Vogel Paints, Sono-Tek Corporation, Sherwin-WilliamsCompany, and Nippon Paint Co. Ltd. The increasing number of players in themarket is expected to toughen the competitive scenario of the market in thenext few years.
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