The European anti-microbial coatings market is anticipated to grow at a considerable CAGR 8.4% during the forecast period (2021-2027). The factors such as the growing construction industry in the region will be the major contributor to the European antimicrobial coatings market. The UK will be majorly contributing to the growth of the market as antimicrobial coatings have extensive usage in construction projects. For instance, according to Construction Products Association, UK’s construction output is expected to increase by 12.9% in 2021 and by 5.2% in 2022. The growth is mainly driven by major projects such as High Speed 2 (HS2), and long-term frameworks such as electricity, water, roads, and broadband. Moreover, according to German Institute for Economic Research (DIW Berlin), after increasing by around 8% in 2019, the total construction volume in Germany is expected to increase by around 4% in 2020 to $ 527.85 billion.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in August 2020, Kastus Technologies introduced a new generation of antimicrobial and antiviral screen protectors that have been shown to block surface bacteria as well as human Coronavirus. The patented Kastus coating technology is built into the surface of the screen protector and provides ‘always on’ double protection for touch screens and these have been independently proven to be effective against Human Coronavirus on treated surfaces, as well as blocking up to 99.99% 2 of surface bacteria such as E. coli. These new tempered glass screen protectors offer enhanced protection for any touchscreen device, making them suitable for a variety of industries. Therefore, this new generation of screen protectors will be protecting the consumers and staff those who are using self-Service Kiosks and other shared touchscreen devices in places such as convenience stores, groceries, quick service restaurants, banking, and healthcare.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered-
· By Type
· By Application
· Competitive Landscape- Lonza Group Ltd, BASF SE, Nippon Paints Holdings, Co. Ltd, Nano-Care Deutschland AG.
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European Anti-Microbial Coatings Market Report Segment
By Type
· Silver
· Copper
· Titanium Dioxide
· Others
By Application
· Medical & Healthcare
· Food & Beverage
· Protective Clothing
· Building and Construction
· Others (Air & Water Treatment, Transportation)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
