The global antimicrobial coatings market 4

The global antimicrobial coatings market size is predicted to reach USD 8,650.7
Million 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 Antimicrobial Coatings
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 in 2019. 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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Significant
Development:

January 2019: Akzo Nobel N.V., a global
leader and produced of powder coatings, announced that its Interpon AM range,
containing BioCote antimicrobial protection was selected to be applied on 2,350
door handles in Abu Dhabi clinic. This coating combats the growth of microbes
such as bacteria and mold.

Regional Analysis:

Favorable Laws and Policies will Strengthen

Market in North America

The market size in North
America 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 North
America.  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