The Antimicrobial Coatings Market is expected to expected to reach USD 14,431.20 million by 2029

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

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.

• On the basis of product type, the global antimicrobial coatings market is segmented into silver antimicrobial coatings, copper antimicrobial coatings, and others. In 2022, the silver antimicrobial coatings segment is expected to dominate the global antimicrobial coatings market growing at a CAGR of 12.2% in the forecast period of 2022 to 2029. The silver antimicrobial coatings segment is expected to dominate the product type segment due to the high electric conductivity, thermal conductivity, and corrosion resistance properties of a silver antimicrobial coating useful in various applications.
• On the basis of coating, the global antimicrobial coatings market is segmented into silver, chitosan, copper, zinc, gallium, aluminum, titanium dioxide, and others. In 2022, the silver segment 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 silver is expected to dominate the coating segment as various properties of the silver coating are beneficial for medical devices, metal, and other surfaces, coupled with increased research and development related to the silver coating for medical devices.
• On the basis of type, the global antimicrobial coatings market is segmented into Escherichia coli, pseudomonas, listeria, and others. In 2022, Escherichia coli is expected to dominate the global antimicrobial coatings market growing at the highest CAGR of 13.5% in the forecast period of 2022 to 2029. The Escherichia coli is expected to dominate the type segment on account of the increasing number of infection cases in the hospital.
• The global antimicrobial coatings market is segmented into silver ion antimicrobial additives, zinc antimicrobial additives, copper antimicrobial additives, and organic antimicrobial additives. 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%

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 global antimicrobial coatings market is segmented into graphene materials, silver nanoparticles, polycationic hydrogel, polymer brushes, dendrimers, and others. In 2022, the graphene materials segment is expected to dominate the global antimicrobial coatings market growing at the highest CAGR of 13.8% in the forecast period of 2022 to 2029. The graphene materials segment is anticipated to dominate the global antimicrobial coatings market owing to its protection against various bacteria and microbes.
• On the basis of resin type, the global antimicrobial coatings market is segmented into epoxy, acrylic, polyurethane, polyesters, and others. In 2022, epoxy is expected to dominate the global antimicrobial coatings market growing at the highest CAGR of 13.3% in the forecast period of 2022 to 2029. The epoxy is expected to dominate the resin type segment as epoxy resins have wide applications in different fields and relatively easy chemical modification procedures aimed at developing innovative solutions for surface modification and coating technology.
• On the basis of form, the global antimicrobial coatings market is segmented into liquid, aerosol, and powder. In 2022, the liquid is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.0% in the forecast period of 2022 to 2029. The liquid segment is expected to dominate the form segment as less liquid is required than powder antimicrobial coatings.
• On the basis of application, the global antimicrobial coatings market is segmented into hospitals, indoor air/HVAC, pharmaceutical equipment, mold remediation, corrosion protection, building and construction, and food packaging equipment. In 2022, the hospitals segment is expected to dominate the global antimicrobial coatings market, growing at the highest CAGR of 13.9% in the forecast period of 2022 to 2029. The hospitals segment is expected to dominate the application segment as there is increased HCAI across the world and increased demand for antimicrobial coatings for medical devices.
• On the basis of end-users, the global antimicrobial coatings market is segmented into the pharmaceutical industry, paint and coating industry, packaging industry, textiles industry, electronics industry, metal industry, water treatment industry, and others. In 2022, the textiles industry is expected to dominate the global antimicrobial coatings market growing at the highest CAGR of 13.7%

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

• In April 2022, Specialty Coating Systems, Inc. announced the addition of Specialty Coating Systems (Vietnam) Co. Ltd. The ISO 9001:2015-certified facility provides conformal coating services to customers across the consumer and industrial electronics, transportation, aerospace, and medical device industries. This development will help the company to generate more business and goodwill in Vietnam.
• In March 2021, Specialty Coating Systems, Inc., a global leader in Parylene conformal coating services and technology, announced its acquisition of Diamond-MT, Inc., a provider of Parylene and liquid conformal coating services. This development will give new growth opportunities to the company.
• In May 2021, Hydromer announced that it had been selected as a key Coating and services partner for the company name Avinger, Inc. This move helps the company to propel its growth in the market.
• In November 2021, DuPont entered into a definitive agreement to acquire Rogers Corporation ("Rogers") for USD 5.2 Billion. DuPont announced a series of actions advancing its strategy as a premier multi-industrial company focused on market-leading high-growth, high-margin businesses with complementary technology and financial characteristics. This development will help DuPont to expand its business with the help of Rogers Corporation.
• In September 2021, BioCote Limited, showcased innovative antimicrobial coating technology, including their latest developments for plastic antimicrobial coating products. This enhanced the company's annual revenue

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.

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