Anti-Fungal and Anti-Bacterial Paints Market

Market Outlook

In our daily lifestyle, the rampant spread of diseases and contagious infections has been a major issue associated with human health via media of physical objects and consumables. Infection control is of extreme importance, hence generating a growing need of hygiene in living habitats and work spaces. For such problems the anti-fungal and anti-bacterial paints are expected to be an important technological breakthrough so as to control the growth of pathogenic fungi and bacteria to reduce the risk of infections in dynamic environment. Moreover, the fungal growth on the surface not only an environmental concern but it also destroys the surfaces such as wood, fiber and other materials and can cause severe damage to the buildings, artifacts and equipment. Hence, there is a high demand for anti-fungal and anti-bacterial paints.

Anti-fungal and anti-bacterial paints are used to deter or reduce the growth of microorganism on the surface of any material. These paints prevents fungi and bacteria from breeding on the surface thus helps in maintaining the surface hygiene. Along with long-lasting protection from bacteria and fungi, these paints also helps in improving the surface life (preventing surface degradation and minimizing stains and odor). Anti-fungal and anti-bacterial paints find their major use within hygiene-critical environments such as hospitals, food and beverages industry, care homes. The healthcare sector one of the prominent end-user of the anti-fungal and anti-bacterial paints followed by the food and beverages industry in terms of market by end-use.

Silver nanoparticles are considered to be the primary additive material owing to high antibacterial properties are increasingly gaining traction in the composition of anti-fungal and anti-bacterial paints, however there utilization is limited due to high cost and limited availability of silver.

Increasing health concern in the society to pave way for the growth of anti-fungal and anti-bacterial paints market

With the mandatory standards of hygiene and health maintained in industrial and commercial work spaces, there is an increase in demand for anti-fungal and anti-bacterial paints. Moreover the demand is further expected to pace up, as the product awareness has increased amongst a plethora of end users. Moreover, regulations imposed by governing agencies to maintain the hygiene and sanitation as well as corrosion resistance, oblige the use of solutions that are resistant to fungus and other forms of degradation to be one of the key driving factors for the growth of market.

Market Participants

Key Participants for the global anti-fungal and anti-bacterial market are:

• BASF SE
• Akzonobel
• DowDuPont
• HMG Paints Ltd
• PPG Industries, Inc.
• Teknos Group
• Asian Paints
• KANSAI PAINT CO.,LTD
• Jotun
• Jamestown Coating Technologies
• SKK Pte. Ltd.
• Alistagen Corporation
• Danish Hempel Group
• US SPECIALTY COATINGS
• Berger Paints India Limited
• Polyvine Limited
• Automotive Solutions
• TNS Innovation

Global Anti-Fungal and Anti-Bacterial Market: Regional Outlook

The global Anti-fungal and anti-bacterial Paints market is segmented into the following regions -- North America, Latin America, Western Europe, Eastern Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. North America, led by blooming healthcare industry is anticipated to cater ample growth opportunities for the anti-fungal and anti-bacterial paints. The demand is further expected to propel due to stringent regulations imposed by government to improve health and hygiene. In U.S. anti-fungal and anti-bacterial paints and coatings are regulated by EPA. Europe is expected to follow in North America in anti-fungal and anti-bacterial paints market, with Germany, France, U.K. and Italy being prominent market, owing to blooming food and beverages and healthcare industry in the region. Demand from healthcare and industrial facilities in India and China is expected to propel the growth of anti-fungal and anti-bacterial paints market especially due to the tropical climate conditions.

Focus on the development of eco-friendly zero VOC Paints

Over the past few years, the manufacturers have been focusing on the development of eco-friendly anti-fungal and anti-bacterial paints with minimal level of VOCs, hence minimizing environmental impacts and reducing side effects on health. For instance, The Dow Chemical Company developed low VOC content a anti-fungal and anti-bacterial paint, BIOBAN 200, to cater the growing demand from the consumers. Further, companies such as Alistagen Corporation and VECHRO S.A. among others are also focusing on the development of eco-friendly paints and coatings.

Opportunities for Market Participants

New product development catering to end use specific requirements in untapped industry domains are expected to provide significant growth opportunities for paint manufacturers to venture in the market by providing value added products and related services. Increasing preference for anti-fungal and anti-bacterial paints among the consumers form healthcare and food and beverage industries to inhabit the bacteria growth and infection control, to cater significant growth opportunity for the manufacturers for growth. Further, increasing investment in construction and infrastructural development, to drive the demand for anti-fungal and anti-bacterial paints over the coming years, as the awareness about the anti-bacterial paints increases. Furthermore, increasing concern for retaining the infection over recent years, aided by the governmental regulations may generate new opportunities for the market participants.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the base metal, design and end uses of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. A detailed analysis of end user industries with their trend and development is being done thoroughly in order to derive key insights and trends in the market. The statistics and data is collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

Global Anti-Fungal and Anti-Bacterial Market: Segmentation

Based on material type:

• Silver based
• epoxy-based

Based on end-use:

• Healthcare
• Pharmaceuticals
• Food and Beverages
• Construction
• Other Industries ( Textile, water treatment, etc.)

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the anti-fungal and anti-bacterial market, including background and evolution
• Macroeconomic factors affecting the anti-fungal and anti-bacterial market and its potential
• Market dynamics, such as drivers, challenges and trends
• Detailed value chain analysis of the anti-fungal and anti-bacterial market
• Cost structure of the products and segments covered in the global anti-fungal and anti-bacterial market
• In-depth pricing analysis, by product type and regions and by major anti-fungal and anti-bacterial market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global anti-fungal and anti-bacterial market
• Analysis of the global anti-fungal and anti-bacterial market structure, including a tier-wise categorization of key anti-fungal and anti-bacterial market participants
• Competitive landscape of the market, including detailed profiles of top players in the anti-fungal and anti-bacterial market