Dallas, Texas (PRWEB) November 07, 2013
Since the Global Antimicrobial Coatings market is highly competitive, manufacturers are providing new and innovative solutions and exploring new application areas for the existing range of products to stay ahead in the competition. Moreover, growing environmental and health concerns have led vendors to focus on the development of low toxicity paints and coatings. The market for antimicrobial coatings (http://www.reportsnreports.com/reports/269931-global-antimicrobial-coatings-market-2012-2016.html) is witnessing increased expenditure on R&D of new products and services. More research is being undertaken on up-gradation and optimizing the performance of various antimicrobial additives in Indoor Air Quality, Mold Remediation, and Medical/Healthcare application segments.
Analysts forecast the Global Antimicrobial Coatings market to grow at a CAGR of 12.92 percent over the period 2012-2016. According to the report, the increase in applications of antimicrobial coatings is one of the major growth drivers for this market. In recent times the increase in usage of antimicrobial coatings in Medical/Healthcare, and Mold Remediation segments has boosted the growth of this market.
Further, the report states that a major challenge in the market is the increase in competition among various vendors. The need for continuous support and service is another challenge in the market.
The Global Antimicrobial Coatings Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Antimicrobial Coatings market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in the Global Antimicrobial Coatings Market: AkzoNobel N.V., BASF SE, E. I. du Pont de Nemours and Co., PPG Industries Inc., Sherwin-Williams Co., and The Dow Chemical Co.
Other vendors mentioned in the report are Agion Technologies, Inc., AK Coatings Inc., RPM International Inc., and Troy Corp.
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