Global Antimicrobial Coatings Market to
Reach $3.3 B by 2018, Predicts TMR
A new market report titled “Antimicrobial
Coatings Market - Global Industry Analysis,
Market Size, Share, Trends, Analysis,
Growth and Forecast, 2012 - 2018,” by
Transparency Market Research observes
that the antimicrobial coatings demand was
worth $1.6 billion in 2012 and is estimated
to reach $3.3 billion in 2018, growing at
a CAGR of more than 12% from 2012 to
2018. North America is the global revenue
leader in antimicrobial coatings and dominates the demand for these products.
Owing to the ability to ward off microbial growth effectively, there is a
growing demand for antimicrobial coatings in medical applications such as catheters and other medical devices. With the
realization that indoor air pollution can
cause more harm to health, there had
also been a noticeable rise in the use of
antimicrobial coatings in improvement of
indoor air quality. Increased 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 used in apparel, health
issues associated with the use of active silver as the main ingredient and stringent
regulations governing the antimicrobial
coatings market are restraining growth,
according to the report.
Active silver has emerged as the most
widely used raw material for antimicrobial coatings as it is believed to show
the highest efficacy levels compared to
other compounds. Antimicrobial powder
coatings demand is expected to grow at
a CAGR of 12.4% by volume and at a
CAGR of 9.1% by volume, from 2012
and 2018. Surface modifications and
coatings account for the larger of the
two product-based market shares and are
expected to show steady growth rates at
CAGR of 8.8% by volume and at CAGR
of 12.2% by revenue from 2012 to 2018.
The market has also been segmented on
the basis of the microbes; the coatings offer protection against organisms such as
E. coli, Listeria, Pseudomonas and others.
Antimicrobial coatings demand for
indoor air quality is expected to grow at
a CAGR of 12.8% from 2012 to 2018.
Similarly hospitals and healthcare centers
have a need for an antimicrobial atmosphere and coatings have been adapted
accordingly for exclusive use in medical
locations. The medical/healthcare market demand for antimicrobial coatings is
therefore expected to grow at a CAGR
of 12.6% from 2012 to 2018. In the case
of mold formation, various coatings and
products containing antimicrobial substances are being put to use as an aftercare method. Most of the buildings where
mold aftercare is necessary are older than
five years and hence the market is expected
to grow at a high CAGR of 13.1% from
2012 to 2018.
The key market players include
AkzoNobel N.V., Sherwin-Williams
Company, Dow Microbial Control and
Diamond Vogel Paints. There are many
other market players such as BASF,
E.I. du Pont de Nemours & Company
(DuPont), Nippon Paint Co. Ltd., RPM
International Inc., Royal DSM N.V.,
Sono-Tek Corporation and others that
also have good market bases in antimicrobial coatings.
Indian Paint Market
Expected to Reach 49,545
INR Crs by 2016-2017: IPA
Study
The Indian Paint Association (IPA) recently hosted the 26th Indian Paint
Conference in Mumbai. The theme for
this year’s conference was Coating 2020
– Future Redefined.
In order to have a better understanding
of the paint market in India, IPA, appointed AC Nielsen to undertake a detailed
and comprehensive study to estimate the
size of the market, both in decorative and
Industrial paints. “Indian Paint Market –
Size & Future” coating industry’s latest
report by AC Nielsen was unveiled at the
conference. This report covers the estimated trends in different product categories
with an in-depth analysis of the end user
market in the decorative paints segment.
Key highlights of the Study by IPA &
AC Nielsen:
• Indian paint market is expected to
reach 49,545 INR Crs by 2016 – 17,
decorative market will continue to
grow and would have higher share
compared to industrial paints.
• Overall paint value market is estimated at 26,040 INR Crs for FY
2011-12. Share of decorative paint
is 18,490 INR Crs (71%) and share
of industrial paint is 7,550 INR Crs
(29%)
• Overall paint volume market is
pegged at 3. 11 million MT, share of
decorative is 2.405 ( 77.3%) and industrial 0.705 ( 22.7%) Million MT
• Per capita consumption of paint is estimated at 2.57 kgs for FY 2011-12
• High growth witnessed for exterior
emulsion, interior emulsion, wood
coatings in comparison to 2007-
2008 Nielsen Survey
• Use of water-based paints is grow-
ing in the Indian paint market,
new trends are catching up in-
cluding paints with low VOC, no
added lead, mercury, chromium,
odorless paints
• Industrial paint market – in terms of
growth rate, high growth witnessed
for auto OEM, protective, powder
coating and auto refinish paints in
comparison to 2007-08 Nielsen
Survey.
Speaking on this occasion,
Ramakanth Akula, president, decoratives, Nippon Paint (India) Private
Limited and president of IPA said,
“With more than 100 years of knowledge and expertise from its dedicated
members, the Indian Paint Association
has played a crucial role in shaping
up the Indian Paint Industry. After an
