Antimicrobial Coatings Market - Forecast(2020 - 2025)
Antimicrobial coatings ensure and maintain surface quality, and prevent the formation of rust, cracks, bubbles, algae and fungi. The global Antimicrobial Coatings Market is expected to grow significantly over the forecast period owing to the increasing demand across various end-user industries. The global market for antimicrobial coatings was estimated to be $2,377.3 million in 2017. The antimicrobial coatings market is estimated to grow at a CAGR of 10.65% during the forecast period 2018-23. The key factors driving the market include increase in incidence of Hospital Acquired Infections (HAIs), rise in geriatric population and growing awareness among end consumers What is Antimicrobial Coatings? Antimicrobial coatings describes the collective knowledge, expertise and methods of using additives to create products that are permanently protected against microbes. Antimicrobial is used to describe substances which demonstrate the ability to reduce the presence of microbes, such as bacter...