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What is the Expected Expansion Rate of the Antimicrobial Powder Coatings Market in the 2024-2033 Forecast?

Recent years have seen quick expansion in the market for antimicrobial powder coatings. The market is poised to increase from a worth of $1.73 billion in 2023 to $1.94 billion in 2024, representing a compound annual growth rate (CAGR) of 12.2%. This growth during the historical period can be credited to heightened awareness of cleanliness norms, strict compliance requirements, health worries and the need to be prepared for pandemics, demand from consumer goods sector, and the urge to prevent microbial proliferation.

In the upcoming years, the antimicrobial powder coatings market is projected to witness accelerated growth, reaching a valuation of $3.04 billion in 2028 with a compound annual growth rate (CAGR) of 11.8%. The expansion during the forecast period can be linked to growth in healthcare infrastructural development, the burgeoning food and beverage industry, escalating demand in residential construction, and the implementation of preventive measures in public spaces, along with an augmented usage in transport. The main trends in the forecast period entail integration into building materials and construction, consumer goods, household applications, interior surfaces and components for automobiles, improvements in formulas for prolonged efficacy, as well as the need to adhere to regulatory guidelines and standard certifications.

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What Factors Are Catalyzing the Growth of the antimicrobial powder coatings Market?

The anxiety about warding off contamination risk in medical devices is propelling the advancement of the antimicrobial powder coating market. The term ‘medical equipment contamination’ hints at the unintended introduction of harmful material like bacteria, mold, yeast, fungi, virus, prions, protozoa, their toxins, and by-products, which pose serious threats to human health. Medical equipment, such as hospital beds, wheelchairs, handrails, lifts, trolleys, and others that come in contact with patients susceptible to bacteria, viruses, and parasites as well as mold or mildew are frequently covered through antimicrobial powder coatings, primarily in hospital settings, surgery centers, and dental clinics to cut down the risks of hospital-derived infections. As pointed out by the World Health Organization (WHO), a Switzerland-based United Nations’ branch in charge of international public health, in 2022, globally, 7 out of every 100 patients in wealthier countries, and 15 in developing countries, contract a healthcare-related infection (HAI). On average, 1 out of every 10 patients afflicted with HAIs succumb to them. Henceforth, the mounting concerns over medical equipment contamination is predicted to accelerate the growth of the antimicrobial powder coating market in the near future.

Which Segments Are Important in the Antimicrobial Powder Coatings Market Landscape?

1) By Product: Natural, Organic, Inorganic

2) By Additive: Silver, Zinc, Copper, Other Additive Type

3) By End-Use Industries: Healthcare, Textiles, Electrical and Electronics, Food and Beverages, Building and Construction, Other End-User Industries

What Are the Groundbreaking Trends in the Antimicrobial Powder Coatings Market?

Product innovation is the major trend gaining traction in the antimicrobial powder coating market. Companies in the industry are concentrating on research and development to create innovative products and secure a competitive position in the market. For instance, Microban, a company from the United States known for its specialization in antimicrobial technologies and odor control solutions, unveiled Ascera, an innovative, patent-pending antimicrobial technology inspired by nature, in September 2023. This groundbreaking solution provides everlasting protection for olefinic polymers and solvent-based coatings. Ascera, with its refined processing, easy integration, and capacity to offer durable antimicrobial protection without the use of heavy metals, is set to transform the antimicrobial powder coating market by offering a solution that is both eco-friendly and highly effective.

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What Are the Key Regions Powering Growth in the Antimicrobial Powder Coatings Market?

North America was the largest region in the antimicrobial powder coatings market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the antimicrobial powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Antimicrobial Powder Coatings Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the antimicrobial powder coatings market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Antimicrobial Powder Coatings Market Include

1. Antimicrobial Powder Coatings Market Executive Summary

2. Antimicrobial Powder Coatings Market Segments

3. Antimicrobial Powder Coatings Market Size And Template Market Growth Rate

4. Key Antimicrobial Powder Coatings Market Trends

5. Major Antimicrobial Powder Coatings Market Drivers

……

25. Key Mergers And Acquisitions In The Antimicrobial Powder Coatings Market

26. Top Antimicrobial Powder Coatings Companies

27. Antimicrobial Powder Coatings Market Opportunities And Strategies

28. Antimicrobial Powder Coatings Market, Conclusions And Recommendations

29. Appendix

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