There has been growing demand for antimicrobial surfaces due to the increasing number of diseases and demand for indoor air quality products such as HVAC. The major issue that people face in modern society is the growing number of diseases caused by microorganisms' presence. As a result, there has been growing awareness and concerns regarding indoor air quality owing to the increased spread of diseases. Consequently, the increased demand for heating, ventilation, and air conditioning to improve indoor air quality is expected to drive the global antimicrobial coatings market.
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Data Bridge Market Research analyses that the antimicrobial coatings market is expected to grow at a CAGR of 12.8% in the forecast period of 2022 to 2029 and is expected to reach USD 14,431.20 million by 2029. There are increased healthcare-associated infections across the globe, especially in developed countries, and hence the healthcare cost also increases with the increased infections. In addition, rising awareness regarding healthcare-associated infections (HCAI) is expected to act as a major driver for the global antimicrobial coatings market.
Significant Demand from the Medical Device Industry is projected to boost the Market's Growth Rate
Medical devices play an important role in providing modern healthcare facilities and improving the health of people around the world. Moreover, elderly people need maximum healthcare demand. As per the data from World Population Prospects: the 2019 revision one out of six people in the world will be over age 65 (16%), up from one out of 11 in 2019 (9%) by 2050. As a result, with the increased population of the elderly as well as the incidences of various road accidents will further require the proper medical facilities with medical devices and equipment being the major need. Applying antimicrobial coatings on medical devices helps to reduce the infection rates of HCAI. Several medical device manufacturers and healthcare facilities have started applying antimicrobial coatings on medical products as a precautionary measure. These coatings can inhibit or destroy the growth of pathogens and bacteria such as Escherichia Coli, Pseudomonas, and others, which will further prevent and control infection in the healthcare sector.
As a result, the ability of antimicrobial coatings to prevent and control pathogens growth in the healthcare sector is surging its demand in the medical devices industry. Thus, the significant demand from the medical device industry is expected to act as a driver for the global antimicrobial coatings market.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020(Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Silver Antimicrobial Coating, Copper Antimicrobial Coating, Others), By Coating (Silver, Chitosan, Titanium Dioxide, Aluminum, Copper, Zinc, Gallium, Others), By Type (Escherichia Coli, Pseudomonas, Listeria, Others), By Additives (Silver Ion Antimicrobial Additives, Organic Antimicrobial Additives, Copper Antimicrobial Additives, Zinc Antimicrobial Additives), By Material (Graphene Materials, Silver Nanoparticles, Polycationic Hydrogel, Polymer Brushes, Dendrimers, Others), By Resin Type (Epoxy, Acrylic, Polyurethane, Polyester, Others), By Form (Liquid, Powder, Aerosol), By Application (Hospitals, Indoor Air/HVAC, Pharmaceutical Equipment, Mold Remediation, Corrosion Protection, Building & Constructions and Food Packaging Equipment), By End-Users (Pharmaceutical Industry, Paint and Coating Industry, Packaging Industry, Textiles Industry, Electronics Industry, Metal Industry, Water Treatment Industry, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Axalta Coating Systems, LLC (U.S.), Akzo Nobel N.V., Specialty Coating Systems Inc (U.S.), PPG Industries, Inc. (U.S.), DSM (Netherlands), The Sherwin-Williams Company (U.S.), Arxada AG (Switzerland), Microban International (U.S.), Fiberlock (U.S.), Burke Industrial Coatings (U.S.), Aereus Technologies (Canada), Linetec (U.S.), Katilac Coatings (Canada), Nano Care Deutschland AG (Germany), SANITIZED AG (Switzerland), Dow (U.S.), Specialty Coating Systems Inc. (U.S.), DuPont (U.S.), Flowcrete (India), GBneuhaus GmbH (Germany), Kastus Technologies Company Limited (Ireland) among others
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Data Points Covered in Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Segment Analysis:
The global antimicrobial coatings market is segmented into nine notable segments based on product type, coating, type, material, additive, resin type, form, application, and end-users.
The silver ion antimicrobial additives segment is expected to dominate the global antimicrobial coatings market
In 2022, the silver ion antimicrobial additives segment is expected to dominate the global antimicrobial coatings market growing at the highest CAGR of 13.2% in the forecast period of 2022 to 2029. The silver ion antimicrobial additives segment is expected to dominate the additive segment as silver has long been used as an antimicrobial agent, and small amounts of silver disrupt bacteria's metabolism by preventing it from converting nutrients into energy, which inhibits bacteria survival, reproduction and colonization.
The textiles industry is expected to dominate the global antimicrobial coatings market
In 2022, the textiles industry is expected to dominate the global antimicrobial coatings market growing at the highest CAGR of 13.7% in the forecast period of 2022 to 2029. The textiles industry is expected to dominate the end-users segment as there is increased demand for antimicrobial-coated face masks and protective clothing owing to the pandemic.
Major Players
Data Bridge Market Research recognizes the following companies as the major antimicrobial coatings market players in antimicrobial coatings market are Axalta Coating Systems, LLC (U.S.), Akzo Nobel N.V., Specialty Coating Systems Inc (U.S.), PPG Industries, Inc. (U.S.), DSM (Netherlands), The Sherwin-Williams Company (U.S.), Arxada AG (Switzerland), Microban International (U.S.), Fiberlock (U.S.), Burke Industrial Coatings (U.S.), Aereus Technologies (Canada), Linetec (U.S.), Katilac Coatings (Canada), Nano Care Deutschland AG (Germany), SANITIZED AG (Switzerland), Dow (U.S.), Specialty Coating Systems Inc. (U.S.), DuPont (U.S.), Flowcrete (India), GBneuhaus GmbH (Germany), Kastus Technologies Company Limited (Ireland) among others
Market Development
Regional Analysis
Geographically, the countries covered in the antimicrobial coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in antimicrobial coatings market during the forecast period
North America dominated the antimicrobial coatings market owing to the due to the presence of major key players and a well-developed food industry in the country. North America will continue to dominate the antimicrobial coatings market in terms of market share and market revenue owing to the rising demand for safe environments within the region.
Asia-Pacific is estimated to be the fastest growing region in antimicrobial coatings market
Asia-Pacific is expected to grow during the forecast period due to the region's increasing construction and renovation activities. In addition to this, increased consumption of antimicrobial coating in medical devices also boosts the market growth over the region.
COVID-19 Impact Analysis
Coronavirus disease (COVID-19) is an infectious disease caused by the newly discovered SARS-CoV-2 virus, which affects a large portion of the population. People infected with the COVID-19 virus will have mild-to-moderate respiratory illness and recover without special treatment. However, coronavirus (COVID-19) spread has been increasing globally in recent months, and the patient population has increased dramatically. The outbreak of largely impacted the healthcare industry. The pandemic had a negative impact on supply chain and manufacturing activities. Furthermore, as the world came to a halt and transportation services were halted around the world, borders were sealed to prevent the virus from spreading. During the pandemic, trade practices also faced significant challenges. As a result, the supply of implants, their import, export, local transportation, and the supply of raw materials were severely impacted. The COVID-19 pandemic has had a negative impact on the antimicrobial coatings market to some extent.
However, the antimicrobial coatings market was also positively affected by it. This is because antimicrobial coatings prevent and treat infections in humans through medical devices, which is highly needed during the COVID. As a result, antimicrobial coatings have enormous potential in the healthcare sectors for preventing and controlling pathogenic growth. Thus, the antimicrobial coatings market had a massive growth during COVID-19 owing to their utilization across medical devices.
For more detailed information about the antimicrobial coatings market report, click here – https://www.databridgemarketresearch.com/reports/global-antimicrobial coatings-market
Global Antimicrobial Coatings Market – Industry Trends and Forecast to 2029
Europe Antimicrobial Coatings Market – Industry Trends and Forecast to 2029
Middle East and Africa Antimicrobial Coatings Market – Industry Trends and Forecast to 2029
North America Antimicrobial Coatings Market – Industry Trends and Forecast to 2029
Asia-Pacific Antimicrobial Coatings Market – Industry Trends and Forecast to 2029