According to MarkNtel Advisors study 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.

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Key Findings of the Study: Southeast Asia Antimicrobial Coatings market

Southeast Asia Antimicrobial Coatings Market Key Driver:

Rising Adoption of Antimicrobial Coatings in HVAC Systems to Improve Air Quality - Antimicrobial coatings are widely used as a protective shield in the buildings such as schools, offices, restaurants, public venues, and residential buildings. However, with the growing awareness among the residents for using effective HVAC equipment, the demand for these coatings to protect the ductwork from harmful microbial growth has notably surged the sales of these coatings, designed specifically for their application on the surface of HVAC products. The deteriorating air quality in the Southeast Asia region has increased the need for high-quality air-purification systems, thereby proliferating the adoption of these coatings by HVAC manufacturers.

Further, these coatings are applied on the surface of the duct of air conditioners, thereby purifying & improving the quality of the air. Along with this, companies such as, have launched specialty antimicrobial coatings designed specifically for HVAC products. Therefore, the wider adoption of these coatings in maintaining indoor air quality in air handling systems, such as ventilation, heating, etc., has further supported regional market growth.

Southeast Asia Antimicrobial Coatings Market Growth Opportunity:

Growing Inclination Towards Bio-based Antimicrobial Coatings - The growing inclination of the regional government & the industries to use sustainable & bio-based products to reduce CO2 emissions has created an opportunity for bio-based coatings in the region. Bio-based coatings use natural extracts to impart antimicrobial properties in the coating range, therefore the chemical composition is almost negligible. However, the use of a significant amount of chemicals in traditional antimicrobial coatings raises the health risk associated with chemicals.

As a result, the adoption of sustainable or bio-based coatings becomes even more imperative. Owing to this, industries such as food packaging, healthcare, etc., are shifting towards bio-based coatings. Furthermore, due to the less health-hazardous effects, the adoption of bio-based coatings in the healthcare sector to form medical implants is expected to positively impact the market of Southeast Asia in the forecast years.

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Scope of the Report and Southeast Asia Antimicrobial Coatings Market Segmentation:

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.)

Of them all, Healthcare industries are expected to acquire the largest share owing to the wide application of antimicrobial coatings in medical devices & equipment.

Southeast Asia Antimicrobial Coatings Market Competitive Landscape

• 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:

By Country

• Philippines
• Singapore
• Indonesia
• Malaysia
• Thailand
• Vietnam
• Rest of Southeast Asia

Note: If you require specific information not covered in the current report, we can provide it through customized option

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