Southeast Asia Antimicrobial Coatings Market Growth Trends & Future Outlook 2028
Future Southeast Asia Antimicrobial Coatings Market: Key Dynamics, Size & Share Analysis
The Southeast Asia Antimicrobial Coatings Market is projected to grow at a CAGR of around 12.35% during the forecast period, i.e., 2023-28. The factors, such as the rising application of antimicrobial coatings in the industries such as consumer goods, medical devices, etc., and growing awareness among people to minimize infection rates by using antimicrobial-based home paints, are widely supporting the market growth. Moreover, the spread of infection rates among the residents in 2020 & 2021, owing to the advent of the COVID-19 pandemic across the Southeast Asia region, necessitated the end-users to adopt these coatings to restrain the growth of microbes on regularly used surfaces.
Top Trend Impacting the Southeast Asia Antimicrobial Coatings Market Growth
Metal-based Antimicrobial Coatings Are Gaining Traction Owing to Less Chemical Composition - The adoption of metal-based antimicrobial coatings by the food & beverage and consumer goods industry is significantly rising owing to their strong self-cleaning properties. These coatings have a stainless steel appearance & do not oxidize, showing a marginally strong effect compared to the traditional antimicrobial coatings. As these coatings are based on the photocatalytic effect, the chemical composition of the coatings is lower, making them a better choice for active packaging solutions in the food & beverage industry. The prominent features such as reduction of bioburden, a killing rate of around 99% in less than 30 minutes, in the presence of UV light, and within 60 minutes in the dark could be the potential reason for the widespread adoption in the forecast years by the consumer goods industries.
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Understanding the Core Segments in the Southeast Asia Antimicrobial Coatings Market
Southeast Asia Antimicrobial Coatings Market Size, Share & Industry Trends Analysis- By Material (Silver, Copper, Titanium, Others (Polymeric, Zinc, Organic, etc.)) By Form (Liquid, Solvent Borne Coatings, Water-Borne Coatings, Powder, Aerosol), By End Users (Building and Construction, Food Processing, Consumer Goods, Healthcare, Automotive, Others (Marine, Textile, etc.)) By Country (Philippines, Singapore, Indonesia, Malaysia, Thailand, Vietnam, Rest of Southeast Asia), By Company (PPG Industries, Inc., Everbrite, Inc., Akzo Nobel N.V., Axalta Coating Systems, Specialty Coating Systems, Inc., Koninklijke DSM N.V., The Sherwin-Williams Company, Toyo Ink Co. Ltd, TOA Paint (Thailand) Public Company Limited, Teknos Group, Others)
Geographical Analysis of the Southeast Asia Antimicrobial Coatings Market
- Philippines
- Singapore
- Indonesia
- Malaysia
- Thailand
- Vietnam
- Rest of Southeast Asia
Southeast Asia, the demand for antimicrobial coatings has majorly arisen from Indonesia, owing to the presence of a large number of food packaging industries, automotive manufacturers, pharmaceuticals, etc.
Who Dominates the Southeast Asia Antimicrobial Coatings Market Insights on Key Industry Players?
Companies are strengthening their presence in the Southeast Asia Antimicrobial Coatings market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- PPG Industries, Inc.
- Everbrite, Inc.
- Akzo Nobel N.V.
- Axalta Coating Systems
- Specialty Coating Systems, Inc.
- Koninklijke DSM N.V.
- The Sherwin-Williams Company
- Toyo Ink Co. Ltd
- TOA Paint (Thailand) Public Company Limited
- Teknos Group
- Others
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