Antimicrobial Coatings Market Growth, Segments, Research Report, Fortune Business Insights and Forecast by 2028
The global antimicrobial coating industry size is predicted to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period. The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings market growth, states Fortune Business Insights in a report, titled Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 3,690.0 Million in 2019. The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period.

Market Driver:

Strong Utilization of Antimicrobial in Disease Prevention to Improve Business Prospects

The increasing application of antimicrobial coatings in healthcare facilities can be a vital factor in inflating the demand of the market. For instance, Healthcare-related infections (HCAI), also known as nosocomial infections lead to a high rate of morbidity and mortality in patients. As per the World Health Organization, Fact Sheet, Hundreds of millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses for health systems. The rising cases of HCAI in the developing nations will create opportunities for the market. The World Health Organization, states in high-income countries, approximately 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection. Likewise, the European Center for Disease Prevention and Control (ECDC) estimates that about 4.1 million acute care patients develop an HCAI annually, with 37,000 deaths directly attributed to HCAI. The increasing cognizance of HCAI and pandemics such as COVID-19 will lead to the improvement in the safety and hygiene of patients in hospitals, which, in turn, will aid the expansion of the market. Also, the rising concertation to prevent the growth of microbes, which can lead to infections or cause product degradation will foster healthy growth of the market.

Market Restraint:

Hazardous Effects of Antimicrobial on the Environment to Restrict Growth

The toxic agents found in antimicrobial coatings can lead to severe environmental damage, which can consequently dampen the growth of the market. Active ingredients released from the coatings end up in different locations, thus leading to microbiota exposure and potential adversities for the environment. The rising knowledge of antimicrobial coatings risk-factors is likely to dwindle the market revenue during the forecast period. The biocidal products are potentially lethal, i.e. they exhibit toxic properties to various types of cells or organisms due to inhibition of target organism proliferation such as pathogenic bacteria or microorganism biofilms.

Regional Analysis:

Favorable Laws and Policies will Strengthen Market in North America

The market size in North America stood at USD 1,383.5 million in 2019. North America and is likely to remain dominant during the forecast period. The growth in the region is attributed to the rising demand for antimicrobial coatings in indoor air / HVAC and medical applications. Favorable Healthcare Policies and laws will further promote the market in North America. The rising demand from the food & beverages and apparel industry in the U.S. and Canada will support the growth in North America. The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market. The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the market in North America.

Significant Development:

January 2019: Akzo Nobel N.V., a global leader and produced of powder coatings, announced that its Interpon AM range, containing BioCote antimicrobial protection was selected to be applied on 2,350 door handles in Abu Dhabi clinic. This coating combats the growth of microbes such as bacteria and mold.

The Report Lists the Main Companies in the Antimicrobial Coatings Market

Akzo Nobel N.V.
Axalta Coating Systems
PPG Industrial Coatings
John Desmond Limited
BASF SE
Nippon Paint (India) Company Limited
The Sherwin-Williams Company
DuPont
Damond Vogel
Information Source: -

https://www.fortunebusinessins....ights.com/antimicrob

Metal Fiber Market Latest Trends, Major Industry Players, Industry Demand, Industry Forecast by 2027
The global metal fiber industry growth is set to gain momentum from its surging usage in various aircraft as a sound attenuation element. Nowadays, the increasing population in cities is, in turn, raising the volume of air traffic. Hence, the demand for silent aircraft is increasing to lower noise pollution and to control air traffic. Fortune Business Insights™ published this information in a new report, titled, “Metal Fiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel, Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, Foil Shaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection, Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, and Others), By End-Use (Textile, Automotive, Aerospace, Power & Electronics, and Others), and Regional Forecast, 2020-2027.” The report further states that the metal fiber market size was USD 4,701.0 million in 2019 and is projected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5% during the forecast period.

Drivers & Restraints-

High Demand for Conductive Textile to Accelerate Growth

The demand for metal fiber is high from the textile industry worldwide. This is because of the recent trend of wearing smart textiles or e-textiles. Also, biomedical clothing contains electrodes made of conductive yarns. Besides, antistatic or conductive textiles are used extensively in a wide range of applications, such as military, electronic devices, home textiles, and optical & pharmaceutical industries.

However, the development of innovative metal fiber production technology requires the assistance of various fields, namely, pressure handling, powder metallurgy, porous materials, and non-woven manufacturing. Manufacturers sometimes are unable to keep up with the requirements. This factor may hamper the metal fiber market growth in the coming years.


Regional Analysis-

Asia Pacific to Remain at Forefront Backed by High Demand from India & China

Asia Pacific dominated the market in 2019 and is likely to remain in its position in the near future. This growth is attributable to the high demand for these fibers from India and China. Also, India would showcase a considerable demand from the textile and automotive industries. In 2019, North America procured USD 629.9 million in terms of revenue. The increasing usage of textiles, such as protective clothing, upholstery fabrics, and carpets is set to surge the demand for metal fiber in this region.

Competitive Landscape-

Key Players Focus on Expanding Production to Attract More Customers

The market is highly fragmented. Most of the companies are adopting strategies, such as investments, acquisitions, research & development activities, and innovation to strengthen their positions. Some of the others are broadening their production processes and shifting their facilities to bigger locations for attracting more customers. Below is a recent industry development:

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https://www.fortunebusinessins....ights.com/metal-fibe

Activated Carbon Market by Latest Covid-19 Impact and Global Analysis to 2029
The global activated carbon industry growth size is projected to reach USD 4,064.7 million by the end of 2027. Increasing product applications across diverse industry verticals have opened up a massive platform for market growth. According to a report published by Fortune Business Insights, the market was worth USD 2,856.7 million in 2019 and will exhibit a CAGR of 4.8% during the forecast period, 2019-2027.

Activated carbon is a crude form of graphite that has the ability to adsorb a wide range of components. The porous nature of the substance enables properties such as porosity and larger surface area. The material is said to have the highest volume of adsorbing porosity with a surface area of over 1000 square meter per gram. The ability of activated carbon to concentrate the liquid or gaseous molecules on a solid surface makes it stand out from its product alternatives, thereby creating a massive demand. The increasing demand for the product will subsequently influence the growth of the overall market in the coming years. The presence of numerous large scale manufacturers will subsequently influence the growth of the market in the foreseeable future.

Coronavirus Outbreak has had an Adverse Impact on Businesses in Sectors Parallel to Activated Carbon

The recent coronavirus outbreak has had an adverse impact on several industrial sectors across the word. Accounting to the rapid spread of the disease, several countries have taken strict measures with the aim of limiting the adverse effects. The measures taken to curb the spread of the disease include lockdowns as well as social distancing norms. These activities, however, have had an adverse impact on several businesses across the world. Due to shutdowns in manufacturing and processing units, several SMEs in the activated carbon market have been forced to permanently shut down their businesses. It is seen that the vast majority of the companies that have been able to sustain the pandemic is the large scale companies.

Company Mergers and Acquisitions are an Increasing Trend Among Major Companies across the world

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It is observed that companies across all categories are focusing on mergers and acquisitions with regard to the recent success that this strategy has brought for numerous businesses. The rising number of company mergers and acquisitions will set the platform for rapid market growth. In September 2019, Oxbow Activated Carbon announced that it has been acquired by a large scale European firm. The latter will look to build on its existing portfolio of activated carbon derivatives, along with its vast experience on the global stage. The company will build on its 15 year experience through this acquisition. Such large scale company mergers and acquisitions as well as collaborations will bode well for the growth of the overall market in the coming years.

Asia Pacific to Emerge Dominant; Rising Population will Contribute to Increasing Product Demand

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for activated carbon in densely populated countries such as India and China has given the platform for regional as well as global companies. Although these two countries are not the largest producers of the product, they certainly are the largest consumers of activated charcoal across the globe. The increasing use of the products in specialty chemicals as well as cosmetic products has proven beneficial for the companies in this sector. As of 2019, the market in Asia Pacific was worth USD 1186.7 million and this value is projected to rise at a considerable pace in the coming years.


Information Source:

https://www.fortunebusinessins....ights.com/activated-

Protective Clothing Market Trends to Watch Post-COVID
As per study by Fortune Business Insights™, the global protective clothing industry share is anticipated to be driven by the rising government norms worldwide to maintain workplace safety, especially in the manufacturing, food processing, construction, healthcare, and chemical industries. Also, the increasing cases of accidental injuries and mortalities would affect the market positively. The study further states that the protective clothing market size was USD 12.48 billion in 2019 and is projected to reach USD 34.31 billion by 2027, exhibiting a CAGR of 14% during the forecast period.

Regional Analysis-

North America to Dominate Fueled by Strict Laws by OSHA Regarding Workers’ Safety

The market is regionally categorized into the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America. Out of these, North America procured USD 4,677.9 million revenue in 2019. It is set to dominate throughout the forecast period. This growth is attributable to the rising number of stringent norms put forward by the Occupational Safety and Health Administration (OSHA) to ensure workers’ safety. The organization has formed certain safety standards associated with industrial disasters, such as manufacturing machinery failures, fires, and others. Asia Pacific would grow rapidly backed by the rising rates of occupational accidents in the developing countries, such as South Korea, India, and China.

Segment-

Rising Usage of Protective Clothing to Prevent Injuries will Drive the Chemicals Segment

Based on end use, the market is fragmented into oil & gas, firefighters, chemical, pharmaceutical, and others. Amongst these, the chemical segment is expected to procure the largest share owing to the increasing usage of protective clothing in the chemical industry for preventing injuries caused by hazardous chemicals, such as cleaning agents, degreasers, and paints. Besides, workers in several industries are nowadays exposed to various types of toxic chemicals. The oil & gas segment, on the other hand, held 13.5% protective clothing market share in 2019.


Competitive Landscape-

Key Manufacturers Aim to Enhance Portfolio through Acquisitions

A large number of manufacturers and distributors are mainly focusing in the development of more sustainable and recyclable materials for a wide range of industries. They are also adopting the set of norms provided by the government agencies worldwide. In addition to that, they are following the strategy of mergers and acquisitions to broaden their product portfolio & serve their consumers better.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessins....ights.com/protective

Refinery Catalyst Market Revenue, Development, Revenue, Future Growth, Future Strategies, Business Opportunities, Growth Statistics by 2028
The global Refinery Catalyst Industry Share size is expected to gain momentum by reaching USD 5.84 Billion by 2028 while exhibiting a CAGR of 3.8% between 2021 to 2028. In its report titled "Refinery Catalyst Market, 2021-2028," Fortune Business Insights mentions that the market stood at USD 4.38 billion in 2020.

The increasing investment in research & development, technologies, and capacity expansion in the refinery sector is expected to drive the market during the forecast period. For instance, in September 2020, Clariant started constructing refining materials in China to produce CATOFIN, required in propane dehydrogenation. The company invested a major amount in China, which is likely to support the customer base in the local region.

Market Segmentation:

By type, the market is divided into zeolites, metallic, and chemical compounds.

By application, it is segmented into FCC, alkylation, hydrotreating, hydrocracking, catalytic reforming, and others. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Driving Factor

Growing Demand for Octane Fuel to Promote the Market Growth

The rising demand for octane in the automotive industry is driving the Refinery Catalyst Market growth. Besides, the manufacturers are coming up with innovative and efficient technologies which require octane fuels to function. Moreover, using octane provides environmental, economic as well as engine benefits. For instance, an octane fuel ethanol has a blending octane rating of 114. This makes it one of the cleanest and affordable substitutes for fuel. Furthermore, the increasing demand for petroleum derivatives for various consumer needs is expected to fuel the market in the upcoming years.

Regional Insights

Asia Pacific to Remain at Forefront Baked by Increased Crude Oil Production

Asia Pacific is expected to remain at the forefront and hold the highest position market during the forecast period. This is attributable to increased crude oil production in China., According to China National Petroleum Corp.'s Economics & Technology Research Institute, China's refining industry capacity has tripled. Its crude oil processing capacity is anticipated to reach 1 billion tons a year, or 20 million barrels per day, by 2025. The market stood at USD 1.52 billion in 2020.

Europe is anticipated to showcase significant Refinery Catalyst Market share owing to favorable regulations imposed by European Union to promote development in oil recovery and promotion of biofuels. The government initiative in the region is to provide sustainable solutions for fuels such as ethanol, thus promoting the regional market.

Competitive Landscape

The market is consolidated by major companies striving to maintain their position by focusing on mergers and facility expansions. Additionally, other key players are adopting proactive strategies such as new partnerships, mergers, and collaborations to favor the market's growth in the upcoming years.

Information Source:

https://www.fortunebusinessins....ights.com/industry-r