UAE Antimicrobial Coatings Market Outlook (2018 to 2032)
Synopsis
The above chart is UAE Antimicrobial Coatings Market Outlook (2018 to 2032)
Market Dynamics
the outlook for the antimicrobial coatings market in the united arab emirates over the 2018 to 2032 period is very positive. the uae is already home to a growing number of multinationals that are involved in the field, such as akzonobel, basf, sherwin-williams, and ppg industries. this presence of high-quality products and services providers helps to stimulate demand in the local market. some of the key drivers for the market's growth will come from the increased need for antibacterial protection and the increasing awareness of the effectiveness of treating surfaces with coating materials containing antibacterial properties.
in 2018, the market for antimicrobial coatings in the uae was valued at $6.2 billion, showing a double-digit growth rate of almost 15%, compared to the previous year. in particular, the popularity of antimicrobial coatings for hygiene and healthcare applications, particularly in high-traffic areas, is rising. in addition, the rising demand for antimicrobial solutions for the hospitality and healthcare sectors is also influencing the market positively.
in the coming years, the application of antimicrobial coatings in the uae is expected to increase due to the growing medical, hospitality, and automotive sectors in the region. the growing awareness of hygiene and contamination control will drive the demand for higher-quality surfaces. furthermore, government initiatives to promote cleanliness and hygiene in public spaces and institutions will be a key contributor to the growth of the antimicrobial coatings market in the uae.
over the 2018 to 2032 period, the antimicrobial coatings market is expected to grow at a cagr of around 7%, boosted by the demand from the aforementioned industries. customers in the uae are expected to become increasingly conscious of the benefits of using antimicrobial coatings, fueling the overall market. furthermore, leading paint manufacturers are investing in research and development activities, introducing innovative products to the market. this will help to attract more customers and further increase the market's growth rate.
in conclusion, the outlook for the antimicrobial coatings market in the uae over the 2018 to 2032 period is highly optimistic, with an expected cagr of around 7%. the market is being driven by government initiatives, the growth of the medical and hospitality sectors, as well as the increasing awareness of hygiene and contamination control. in addition, leading vendors are investing in research and development activities to introduce new products to the market. all of this is expected to spur the growth of the antimicrobial coatings market in the uae.