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Antimicrobial Coatings Market: by Type (Silver, Copper, Titanium Dioxide and Others); By End User (Medical & Healthcare, Food & Beverage, Building & Construction, HVAC System, Transportation, Protective Clothing and Others); and Region - Global Analysis of Market Size, Share & Trends for 2019-2021 and Forecasts to 2030
Antimicrobial coatings Market to surpass USD 9.73 Billion by 2030 from USD 3.6 Billion in 2020 at a CAGR of 11.1% in the coming years, i.e., 2021-30.
A microbe-resistant coating that inhibits microbial contamination is referred to as an antimicrobial coating. Dry or flat surfaces are coated with these coatings. In addition, antimicrobial coatings are used in clinical products, gadgets, and surfaces in order to avoid disease transmission.
The rising adoption of antimicrobial coatings to reduce the risk of healthcare-associated infections; increasing awareness programs by various organizations to raise awareness about antimicrobial coated packaging to reduce microbial contamination in packaged food; and increasing initiatives and funding by the government and various organizations are all contributing to the market growth.
Global Antimicrobial coatings market is segmented by type into Silver, Copper, Titanium Dioxide, and Others. The silver segment held the largest market share in the year 2020. The silver segment's dominant market position can be due to its excellent efficacy, low toxicity, long-lasting effect, and durability. The rise in demand can also be due to increased demand from the medical and healthcare, food and beverage, and other industrial sectors to guarantee worker safety and hygiene and to prevent the spread of the COVID-19 virus, bacteria, and other germs on frequently touched surfaces.
Global Antimicrobial coatings market is divided by end-user into Medical & Healthcare, Food & Beverage, Building & Construction, HVAC System, Transportation, Protective Clothing and Others. Over the forecast period, the Medical & Healthcare segment is projected to expand at the fastest pace. Antimicrobial coatings are most commonly used in the medical and healthcare industries. The growing worry about hospital-acquired infections and their impact on humans are important driving factors for the antimicrobial coating market in the medical and healthcare industry. The need for antimicrobial coatings in the medical and healthcare industries has risen dramatically as a result of the COVID-19 outbreak.
Concerns regarding cleanliness and need for medicinal disinfectants
Growing concerns about cleanliness in many industries have resulted in increased product demand, resulting in the global market's rapid growth. Antimicrobial coatings are used to protect surfaces from microorganisms such as parasites, germs, bacteria, and other undesirable microbes. The need for numerous medicinal medications, disinfectants, and sanitizers has surged as a result of the global Covid-19 outbreak. As a result, the demand for antimicrobial coatings in medical devices is increasing.
Safety and hygiene concerns and rising cases of HAIs
Additionally, with the growing concern and raising awareness about safety and hygiene across the globe, several manufacturers, such as textile, consumer goods, and electronics manufacturers are focusing on the development of antimicrobial products. It will help to comply with changing consumer preferences and market demand. This application category is predicted to develop faster than sanitary facilities & kitchens and air conditioning & ventilation systems. Concerns over the rising number of cases of Hospital-Acquired Infections (HAIs) are also supporting the industry's overall growth.
High cost associated with it and limited awareness
Antimicrobial coatings are more expensive than regular coating products. In addition, the market grew rapidly due to low purchasing power, low per capita income, and limited awareness of antimicrobial coatings in developing nations compared to industrialized countries. Furthermore, the market's expansion is being hampered by the need for specialized workers to apply antimicrobial coatings.
Global Antimicrobial coatings market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. The market for Antimicrobial coatings is dominated by North America. Increased urbanization and industrialization, rising consumer disposable income, and rising demand from various end-use industries, such as aerospace, are all contributing to this increase. The thermal spray coating market is also predicted to increase due to the cheap availability of raw materials in the region.
| Report Attribute | Details |
| Market size value in 2020 | USD 3.6 Billion |
| Revenue forecast in 2030 | USD 9.73 Billion |
| Growth Rate | CAGR of 11.1% from 2021 to 2030 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, end-user, and Region |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA) |
| Key companies profiled | AkzoNobel, The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries, Nippon Paint Holdings, DuPont de Nemours, RPM International Inc., Diamond Vogel Paint Company, BASF SE, and Other Prominent Players |
The Antimicrobial coatings Market size was estimated at USD 3.6 billion in 2020 and is expected to reach 9.73 billion by 2030.
Key players: AkzoNobel, The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries, Nippon Paint Holdings, DuPont de Nemours, RPM International Inc., Diamond Vogel Paint Company, BASF SE, and Other Prominent Players.
Silver segment and Medical & Healthcare segment are anticipated to hold the largest Antimicrobial coatings Market.
Drivers: Concerns regarding cleanliness and need for medicinal disinfectants and Safety and hygiene concerns and rising cases of HAIs
A microbe-resistant coating that inhibits microbial contamination is referred to as an antimicrobial coating. Dry or flat surfaces are coated with these coatings. In addition, antimicrobial coatings are used in clinical products, gadgets, and surfaces in order to avoid disease transmission.
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