Global Antimicrobial Latex Paint Market, 2014-2024: By Type (Interior Paints and Exterior Paints), and By Application (Residential Building, Commercial Building, and Others)
Antimicrobial latex paints are specifically developed to impede and prevent growth of germs as well as bacteria on several surfaces. Antimicrobial paint has additives that make the painted surface resistant to microbes such as fungi, viruses, and bacteria. Polymeric N-halamine latex emulsions is use in antimicrobial paints. Some metal oxides, such as ZnO and TiO2, have been widely used as antimicrobial materials. These metal oxides can release reactive oxygen species (ROS) to kill bacteria under UV irradiation.
Antimicrobial latex paints can be categories by type into interior paints and exterior paints. Antimicrobial latex paints has wide area of end use applications including residential use, commercial use, and others. Antimicrobial paint has historically been used in hospitals, long-term care facilities, and other health care settings. It has potential to kill germs such as MRSA, Staph, and E. coli. It is widely used interior as well as external application to protect the surface from degradation due to fungi. In residential application, it inhibit the growth of mold and mildew which helps keep walls and trim looking better, longer, and helps eliminate allergy symptoms for many people. It also help prolong the life of the paint.
It is safe, green, and clean with long-term activity. It specially applied in moist, humid environments surface included inside home, kitchens, bathrooms, and laundry rooms. It also commercially applied on malls, offices, and industrial area.
The global antimicrobial latex paints research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global antimicrobial latex paints market is growing at a fast pace and increasing its geographical footprint rapidly. The global antimicrobial latex paints market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in APAC region due rise in demand from end use industry such as, infrastructure & construction. The major driving factors for the growth of antimicrobial latex paints is the rising urbanization with growing population and increasing purchasing capacity. In recent, antimicrobial paints are widely employed in the medical & healthcare sector across the globe fueling the growth of antimicrobial latex paints market globally. Also, rising awareness and properties offered by paints is expected to drive the growth of antimicrobial latex paints market globally.
Restriction on use of environmental hazards chemical, VOC emissions, and pricing of raw materials are the major impediments to the global antimicrobial latex paints market growth.
Antimicrobial latex paints enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and South America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of antimicrobial latex paints market globally. The companies that lead global market are Sherwin-Williams, Boysen, Alistagen Corporation, Bio Shield Tech, Jotun, and Teknos.
The research process includes the market segmentation of the global antimicrobial latex paints market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global antimicrobial latex paints market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below: