Antimicrobial Coatings Market

Antimicrobial Coatings Market Size (2023-2028):

Antimicrobial Coatings Market was expected to be worth USD 5.12 billion in 2022. This market is growing at a CAGR of 15.21% to reach USD 8.31 billion by 2028.

Surfaces of materials are highly prone to contamination by bacteria and other microorganisms. Antimicrobial coatings consist of antimicrobial agents that inhibit the growth of microorganisms when applied to the surface of materials. They have been extensively used in healthcare to prevent fatal hospital-acquired infections. These are used for coating the walls, and surfaces of institutions, factories, offices, hotels, stations, and hospitals to protect coated surfaces for an extended period. The innovative polymer is the base of this market, and when it combines with the paint, it will protect the surface from viruses and bacteria. And these transparent coatings can spray without damaging the coated surface.

Role of Antimicrobial Coatings in the Construction Industry:

It is projected that by 2100, the global population would reach 10 billion people, creating a demand for about 2 billion homes, which is estimated to boost the global antimicrobial coatings market growth. Such materials are suitable for use indoor handles, floors and carpets, roof systems, workstations, radiators, and accessories due to their ability to prevent surface deterioration and disease spread. Substantial economic growth, job creation, and falling interest rates should further support the residential construction industry and drive growth in the demand for antimicrobial coatings.

Role of Antimicrobial Coatings in the F&B Industry:

Due to population growth and increased convenience of large-scale food production, significant demand for heat & service, ready-made, and home-packaged food will drive growth in the packaging industry and raise market demand for antimicrobial coatings. Such products destroy pathogenic microbes that pose the threat of foodborne diseases and improve the quality of shelf life and food. Rising demand for high-quality products aimed at improving living standards and increasing consumer purchasing power should further stimulate antimicrobial coatings market growth.

Role of Antimicrobial Coatings in the Healthcare Industry:

Considerable impacts on the health and environment of silver nanoparticles used in antimicrobial coatings are likely to impede the antimicrobial coatings market growth. Exposure to soluble silver compounds can lead to human adverse health effects like eye irritation, damage to the kidney and liver, and respiratory, intestinal, and skin irritation. Such nanoparticles can interfere with soil ecology and may have harmful effects on aquatic organisms, such as inflammation of the gill. Nonetheless, coating manufacturers are making considerable efforts to develop biodegradable antimicrobial coatings with significantly lower toxicity and high usability that should cause market growth.

The medical devices antimicrobial coating market anticipates growth of the market in the forecast period. This hydrophilic coating on medical devices helps to reduce infections and offers lubricity. These devices are used by surgeons to conduct surgeries successfully. Hydromer antimicrobial medical device coatings will break through the antimicrobial coatings market in the coming future. 

ANTIMICROBIAL COATINGS MARKET REPORT COVERAGE:

This market research report on the global antimicrobial coatings market has been segmented and sub-segmented based on type, application, and region.

Antimicrobial Coatings Market - By Type:

• Copper
• Silver
• Polymer
• Others

Based on type, the Silver coatings segment is the largest market segment as silver can effectively counter various kinds of microorganisms. The polymers segment is the fastest-growing segment due to the advances in material sciences to produce antimicrobial polymers.

Antimicrobial Coatings Market - By Application:

• Healthcare

• Building And Construction

• Indoor Home Appliances

• Mold Remediation

• Food And Beverages

• Textiles

• Cosmetics

• Others

Based on the application, the Indoor home appliances segment leads the antimicrobial coatings market due to the increasing demand in residential and institutional buildings. The healthcare segment is expected to be the fastest-growing segment due to the growing initiatives to keep hospitals and clinics free of germs and to prevent hospital-acquired infections.

Antimicrobial Coatings Market  Regional Analysis

• North America
• Europe 
• Asia Pacific 
• Latin America 
• Middle east and Africa 

North America leads the antimicrobial coatings market due to the high adoption rate of antimicrobial coatings in the healthcare sector as this region witnesses high mortality due to hospital-acquired infections.

The Asia Pacific is expected to be the fastest-growing market due to the increasing applications in buildings and construction, growing health awareness, and increasing healthcare expenditure.

COVID-19 impact on the Antimicrobial Coatings market

The Scenario of the world after the COVID-19 outbreak will change vehemently, and also it hampers the income of many companies. So to increase business, companies are focusing on Antimicrobial coating products for the medical sector and the use of outdoor climatic changes. The factors which are responsible for the market growth in the future are increasing the number of diseases. The European Institute of Innovation and Technology (EIT) announced € 60 million in additional funding to the new antimicrobial researchers to tackle this social and economic challenge. 

Antimicrobial Coatings Market key players:

Some of the major players in the global antimicrobial coatings market profiled in this report are

1. Akzonobel

2. Nippon Paint Company

3. DOW Chemical Company

4. Damond Vogel

5. Sherwin Williams

6. BASF SE

7. Axalta Coating Systems

8. RPM International

9. Lonza Group

10. Royal DSM

AkzoNobel N.V. Believes in inorganic growth with the approach of mergers and acquisitions to develop in different markets. It also strengthens its presence in Asia-Pacific and other emerging economies through new product innovations and modern production plants. In emerging revenue markets, the company focuses on expansions. In 2016, the company expanded its Indonesian quality coating plant to meet the growing Asia-Pacific demand. In its marine and protective coatings, this expansion is expected to increase its efficiency by 40%.