Antimicrobial Coatings Market Analysis Report By Product, By Application And Segment Forecasts From 2021 To 2028

Synopsis

The global antimicrobial coatings market was prized by USD 8.1 billion in 2020. It is estimated to witness 13.1% CAGR from 2021 to 2028.

Drivers

Increasing concerns about hygiene in diverse businesses have initiated the augmented demand for the product, causing the fast growth of the global market for antimicrobial coatings. Antimicrobial coatings are utilized to shield exteriors, counter to the microbes. Mainly it comprises germs, bacteria, parasites, in addition to un-necessary bacteria.

The demand for disinfectants, a variety of pharmaceutical products and sanitizers has augmented during the period of global Covid-19 pandemic. Sequentially, this is pushing the necessity for antimicrobial coatings, within the application of medicinal devices. This application sector is likely to develop by a greater percentage than the air conditioning & ventilation systems, sanitary facilities & kitchen application sectors.

Increasing concerns about the rising cases of Hospital-Acquired Infections (HAIs) are, furthermore, an essential factor advancing the enlargement of the general business. Since, these products assist in restricting the increase of germs, doctors choose for utilize antimicrobial coatings above strong cleaning agents and disinfectants; otherwise this can source reduced resistant systems.

Product Insight

The surface modifications & coatings product section held above 53.0% revenue share and dominated the global antimicrobial coatings market, in 2020. This greater share is credited to the capability of the product to alter the exterior of a material by means of creating biological, physical, or chemical, individuality, which is dissimilar from the initially noticed, on the exterior of a material.

The surface modifications & coatings section is projected to hold the highest revenue share by 2028, because of their exceptional possessions, for example Osseo integration endorsement, antimicrobial-eluting, avoidance of surface adhesion and bactericidal.

The antimicrobial powder coatings section is more classified into copper, silver, and others. Between the entire these products, silver contain the highest utilization. The procedure of inorganic silver antimicrobial coating, derived from Nano silver, ion exchange resins or silver zeolite, silver salts, composite glasses holding metal ions, and colloidal silver, is in greater demand in the healthcare manufacturing.

Application Insight

The medical devices application section held, above 42.0% revenue share and dominated the global antimicrobial coatings market, in 2020. This greater share is credited to the possessions of the product because they guard the exteriors from microorganisms together with bacteria, fungi, germs as well as parasites.

The growing figure of hospitals together with the rising necessity for healthcare services generates a necessity for advanced apparatuses and the procedures. This will enhance the demand for the product, within this application section.

During the previous some years, the air conditioning & ventilation systems are one of the most important applications of the product. An extensive variety of research studies and plans, taken on by EPA along with CEFPI, to teach colleges and schools regarding the class of air, is expected to increase the demand for the product. The increase of micro-organisms can be abridged by the support of decreased temperatures, dampness management, and others. This is likely to propel the market.

Regional Insight

In 2020, North America held more than 43.0% share of general revenue and led the global antimicrobial coatings market. As a result of the rising demand for non-residential building plans for example colleges, schools and hospitals, the construction business is anticipated to observe substantial enlargement, during the forecast period in North America.

In the U.S., the execution of the “Affordable Healthcare Act” has initiated the erection of hospitals as well as healthcare organization. The rising populace is expected to additionally increase the building of colleges, industrial plants, office spaces and schools, thus, propelling the demand for antimicrobial coatings, within the building construction function.

On the other hand, break in the across the border trade, due to the Covid-19 pandemic, might contain a few restrictions on the expansion of the local market, to some level. Mainly, the market is propelled by the rising demand for ABS and polypropylene in the packaging application section, used for producing face shields, bottles, face masks and others.

Asia Pacific is projected to be the subsequent highest rising local market during the forecast period. The expansion of the key end-use industries for example, food processing & packaging, healthcare and construction is driving the market. The strong production center of the packaging goods manufacturing in India, China, and Japan, together with augmented trade of packaged foodstuffs, is expected to increase the expansion of the market, during the nearby future.

Encouraging strategies, like Make in India and Foreign Direct Investments (FDI), applied by the government of India, are likely to generate plenty openings for the expansion of the healthcare and food processing industries. Sequentially, this is anticipated to augment the utilization of antimicrobial coatings, within the region.

Companies

The competition between the companies takes place on the basis of the technology utilized during the production procedure, and the quality of the presented product. The key companies concentrate on the infrastructural growth; increasing their manufacturing amenities, financial support for R&D actions and looking for the prospect for vertically combine through the value chain.

These proposals assist them to furnish the rising global demand, increase their client base, develop modern technologies & products, improve their scheduling for sales & operations, decrease the production overheads, and make sure economical competence. Due to the attendance of a huge number of manufacturing companies, the global market for antimicrobial coatings is considerably disjointed.

Some of the companies for antimicrobial coatings market are:

    • DSM
    • PPG Industries Inc.
    • AkzoNobel N.V.
    • The Sherwin Williams Company
    • RPM International
    • Nippon Paint Co. Ltd.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global antimicrobial coatings market report on the basis of product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • Antimicrobial Powder Coatings
        • Silver
        • Copper
        • Other
    • Surface Modifications & Coatings
        • E. Coli
        • Listeria
        • Pseudomonas
        • Others

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • Sanitary Facilities & Kitchen
    • Air Conditioning & Ventilation Systems
    • Food Processing & Packaging
    • Antimicrobial Textiles
    • Mold Remediation
    • Construction
    • Medical Devices
    • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • China
        • India
    • Central & South America
    • Middle East & Africa