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According to a new report Global Antimicrobial Coatings Market, published by KBV research, The Global Antimicrobial Coatings Market size is expected to reach $2,186.8 million by 2024, rising at a market growth of 14.3% CAGR during the forecast period.
The North America Market held the largest share in the Global Antimicrobial Coatings Market in 2017. The Asia Pacific market is expected to witness a CAGR of 15.8% during the forecast period (2018 – 2024).
The Cardiac Implants segment contributed the larger revenue share to the Global Antimicrobial Coatings Market by type in 2017, and would continue to be a dominant market till 2024 and is expected to grow at a CAGR of 13.9% during the forecast period. However, Orthopedic Implants segment is expected to grow at CAGR of 16.2% over the forecast period.
The metallic coating is further sub segmented into silver, copper and other coating. Among these, Silver coating generated the highest revenue in 2017, and is anticipated to maintain the trend throughout the forecast period. This is attributed to the fact that antimicrobial coating based on silver exhibits low toxicity on human cells. Additionally, long biocide action, low volatility and high thermal ability have supplemented the market growth.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of PPG Industries, Inc. AST Products, Inc., Biointeractions Ltd, Sciessent LLC, Specialty Coating Systems, Inc., BASF Corporation, Covalon Technologies Ltd., Koninklijke DSM N.V., DowDuPont and Hydromer, Inc.
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