Pulished Date August, 2019
ID: 6220
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Global Antimicrobial Coatings Market Analysis - By Type (Copper, Silver, Polymer and Others), By Application (Healthcare, Building & Construction, Indoor Home Appliances, Mold Remediation, Food & Beverages, Textiles, Cosmetics and Others), By Region - Industry Size, Share, Growth, Trends, Forecast | 2019 To 2024

Pulished: August, 2019
ID: 6220
Pages: 175

Global Antimicrobial Coatings Market Size & Growth (2019 - 2024)

The size of the Global Antimicrobial Coatings Market was worth USD 2.99 billion in 2019 and is projected to grow at a CAGR of 12.1%, to reach USD 5.29 billion by 2024.

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 in order to prevent hospital-acquired infections which are fatal.

They are used in food and beverages to prevent food poisoning and in cosmetics to prevent product degradation. Apart from these, they can be used on surfaces that are often touched by people to prevent contamination. Antimicrobial Coatings Market is growing rapidly without the realization of many of its competitors.

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, 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 market growth.

It is projected that by 2100, the global population would reach 10 billion people, creating a demand of about 2 billion homes, which represents balanced opportunities for 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.

Considerable impacts on the health and environment of silver nanoparticles used in antimicrobial coatings are likely to impede 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.

Reecent Developments:

  • 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 new 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%.
  • In late 2018, Nippon Paint has officially launched a new product, the Nippon Paint screen projection paint, using the brand's innovative paint film technology and environmentally friendly formula to allow consumers to enjoy an all-new film viewing experience offered by the "unbounded giant screen."

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Type, Application, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Akzonobel, Nippon Paint Company, DOW Chemical Company, Damond Vogel, Sherwin Williams, BASF SE, Axalta Coating Systems, RPM International, Lonza Group, and Royal DSM.

 

This market research report on Global Antimicrobial Coatings Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2024.

Antimicrobial Coatings Market Analysis - By Type

  • Copper
  • Silver
  • Polymer
  • Others

On the basis of type, the Silver coatings segment is the largest market segment as silver is able to effectively counter several types of microorganisms. Polymers segment is the fastest-growing segment due to the advances in material sciences to produce antimicrobial polymers.

Antimicrobial Coatings Market Analysis - By Application

  • Healthcare
  • Building And Construction
  • Indoor Home Appliances
  • Mold Remediation
  • Food And Beverages
  • Textiles
  • Cosmetics
  • Others

On the basis of 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 increasing initiatives to keep hospitals and clinics free of germs and to prevent hospital-acquired infections.

Regional Analysis:

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.

Top companies in the market

Some of the major players in the Global Antimicrobial Coatings market profiled in this report are Akzonobel, Nippon Paint Company, DOW Chemical Company, Damond Vogel, Sherwin Williams, BASF SE, Axalta Coating Systems, RPM International, Lonza Group, and Royal DSM.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Copper     

                                5.1.3 Silver         

                                5.1.4 Polymer   

                                5.1.5 Others      

                                5.1.5 Y-o-Y Growth Analysis, By Type     

                                5.1.6  Market Attractiveness Analysis, By Type  

                                5.1.7  Market Share Analysis, By Type    

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Healtcare 

                                5.2.3 Building & Construction     

                                5.2.4 Indoor Home Appliances  

                                5.2.5 Mold Remedation

                                5.2.6 Food & Beverages

                                5.2.7 Textiles     

                                5.2.8 Cosmetics

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application       

                                5.2.7 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Akzonobel                  

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Snippon Paint Company                        

                8.3 DOW Chemical Company                      

                8.4 Damond Vogel                          

                8.5 Sherwin Williams                      

                8.6 BASF SE                        

                8.7 Axalta Coating Systems                         

                8.8 RPM International                   

                8.9 Lonza Group                              

                8.10 Royal DSM                

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Type, by Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Global Antimicrobial Coatings Market By Region, From 2019-2024 ( USD Billion )
  2. Global Antimicrobial Coatings Market By Type, From 2019-2024 ( USD Billion )
  3. Global Copper Market By Region, From 2019-2024 ( USD Billion )
  4. Global Silver Market By Region, From 2019-2024 ( USD Billion )
  5. Global Polymer Market By Region, From 2019-2024 ( USD Billion )
  6. Global Others Market By Region, From 2019-2024 ( USD Billion )
  7. Global Antimicrobial Coatings Market By Application, From 2019-2024 ( USD Billion )
  8. Global Healthcare Market By Region, From 2019-2024 ( USD Billion )
  9. Global Building & Construction Market By Region, From 2019-2024 ( USD Billion )
  10. Global Indoor Home Appliances Market By Region, From 2019-2024 ( USD Billion )
  11. Global Mold Remediation Market By Region, From 2019-2024 ( USD Billion )
  12. Global Food & Beverages Market By Region, From 2019-2024 ( USD Billion )
  13. Global Textiles Market By Region, From 2019-2024 ( USD Billion )
  14. Global Cosmetics Market By Region, From 2019-2024 ( USD Billion )
  15. Global Others Market By Region, From 2019-2024 ( USD Billion )

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