The antimicrobial powder coatings market is projected to register a CAGR of 12.0%, in terms of value, between 2020 and 2025
NEW YORK, Sept. 25, 2020 /PRNewswire/ –Read the full report: https://www.reportlinker.com/p05974281/?utm_source=PRNThe antimicrobial powder coatings market is projected to grow from USD 1.5 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 12.0%, between 2020 and 2025. The market is majorly driven by increased demand from the medical & healthcare industry. This is mainly attributed to the growing awareness and government initiatives to prevent the spread of HAIs. As a precautionary measure, several medical device manufacturers and healthcare facilities have started applying antimicrobial powder coatings on their product.The silver additive type segment is expected to hold the largest share of the overall antimicrobial powder coatings market during the forecast period.The silver additive type segment accounted for the largest share of the overall antimicrobial powder coatings market in 2019. Silver-based antimicrobial powder coatings have high efficacy against viruses, bacteria, and other eukaryotic micro-organisms, owing to which they are widely used across the industrial sector, especially in the medical & healthcare, food & beverage, and HVAC system industries.The antimicrobial powder coatings market in the medical & healthcare end-use industry is expected to hold the largest share during the forecast period.The medical & healthcare industry accounted for the largest share,
World News
South Korea Consumer Confidence Weakens In September
(RTTNews) – South Korea’s consumer confidence weakened in September for the first time in four months, survey data from the Bank of Korea showed on Friday. The composite consumer confidence index fell to 79.4 from 84.2 in August. The index had risen in each month after falling to a low of 7.8 in May. Consumers’ assessment of the current and future living standards, income and spending deteriorated. Their perceptions regarding the current and future domestic economic conditions, savings, and employment opportunities also weakened.
