Southeast Asia Antimicrobial Coatings Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Southeast Asia Antimicrobial Coatings Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Southeast Asia Antimicrobial Coatings market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and Country while spotlighting the most recent developments in the market.

Southeast Asia Antimicrobial Coatings Reports Highlights

What is the size of the Southeast Asia Antimicrobial Coatings Market?

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.

What do the growth prospects and trends look like in the Southeast Asia Antimicrobial Coatings Industry?

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.

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What Components are encompassed within Southeast Asia Antimicrobial Coatings Market segmentation?

The report has divided the market into the following segments:

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.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-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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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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