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Global antimicrobial coatings demand was worth $1.6 billion in 2012 and is estimated to reach $3.3 billion in 2018, growing at a compound annual growth rate of over 12% from 2012 to 2018, according to a new market report from Transparency Market Research. The U.S. is reportedly the global leader in antimicrobial coatings and dominates the demand for these products.
Due to their ability to ward off microbial growth effectively, demand is growing for antimicrobial coatings in medical applications such as catheters and medical devices. With increasing awareness of the adverse effects of indoor air pollution, there has been a noticeable rise in the use of antimicrobial coatings in improvement of indoor air quality. Added use of plastic packaging in food applications has resulted in growing demand for additives and coatings in the food packaging industry. However, factors such as questionable efficacy of coatings in apparel use, health issues associated with the use of active silver and stringent regulatory scenario are expected to hamper antimicrobial coating demand in the near future.
For additional information, visit www.transparencymarketresearch.com.