Antimicrobial Coatings Market (Coating Material - Silver, Copper, and Other; Application - Medical & Healthcare, Foods & Beverages, Building & Construction, HVAC System, Protective Clothing, and Other): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the antimicrobial coatings market provides an in-depth analysis of segments and sub-segments in the global as well as regional antimicrobial coatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional antimicrobial coatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global antimicrobial coatings market. According to the report, the global antimicrobial coatings market is projected to grow at a CAGR of 13% over the forecast period of 2022-2028.

Market Insight

The global antimicrobial coatings market was valued at USD 4.5 Billion in 2022 and is expected to reach USD 9 Billion in 2028, with a CAGR of 13% during the forecast period. Antimicrobial coatings are forms of coatings that are incorporated with specific chemicals utilized to hinder microbes and pathogen growth through cellular membrane perturbation. These coatings increase surface durability, and appearance, and improve corrosion resistance, except serving their role of suppressing microbial growth. The advancement of antimicrobial nanocoatings through green chemistry methods is a promising way for potential environmental applications. These coatings increase the overall lifespan of objects, as they're protected against discoloration, odor, and other damage caused by microbial activity. It also reduces the necessity for harsh cleaning agents and disinfectants required to cope with stubborn microbes publically facilities. This also results in a reduction in the environmental impact of using these cleaning agents in buildings, especially medical facilities.

Growing concern regarding cleanliness in various professional industries has led to the rapid development of this industry. These are utilized to protect surfaces against micro-organisms, which primarily include parasites, germs, bacteria, and unwanted micro-organisms. Amid the worldwide COVID-19 pandemic, the demand for various pharmaceutical products, disinfectants, and sanitizers has increased. This, in turn, is driving the demand for antimicrobial coatings in medical devices application. The most important driving factor for the market is the growing demand for antimicrobial surfaces because of the increasing numbers of diseases and increasing demand for indoor air quality items like HVAC. In modern society, the key issue is the growing number of diseases that are caused by microorganisms. Increasing microbial resistance to metal ions, antibiotics, and resistant strain growth has created awareness among the coating manufacturers to do alternatives to standard coatings. Increasing demand for such coatings because of the surge in the number of diseases will boost the expansion of the market during the forecast period. However, the high cost of products has effects on the expansion of the market. Moreover, the growing usage of antimicrobial coatings in novel applications like COVID will provide a big growth opportunity for the market. 

An antimicrobial coating is extremely important today in light of the COVID-19 pandemic because it's also used on the walls, floors, and railings of hospitals and schools and residential, industrial, and institutional countertops and is sprayed onto masks, gloves, and other textiles. Because of the COVID-19 pandemic, much research is being focused on the advancement of antimicrobial coatings. Some antimicrobial coatings can kill viruses, bacteria, and other microorganisms. One example of a coating approved by the U.S. Environmental Protection Agency is Caliwel™ BNA Coating from Allistagen Corporation. This coating relies upon has been proven effective against over 20 life-threatening bacteria, viruses, and fungi, as per the corporate. Food contact surfaces (FCS) in food processing facilities may become contaminated with a variety of unwanted microorganisms, like E. coli O157:H7, L. monocytogenes, and Staphylococcus aureus. To decrease contamination and also the spread of disease, these surfaces are treated with sanitizers or have active antimicrobial components adhered to them.

Based on the region, the worldwide antimicrobial coatings market is segmented into the Asia Pacific, North America, Europe, and also the Mideast & Africa. Among the regions, North America holds the largest share of the worldwide antimicrobial coatings market. The growing exports of medical devices, along with advancements in medical technology are contributing to the market growth within the region. Additionally, the presence of medical coating manufacturers in this region with companies increasingly engaging in strategic collaborations with the manufacturer is driving the market growth. Furthermore, the Asia Pacific region is anticipated to grow at the fastest rate within the worldwide antimicrobial coatings market over the forecast period.

Segment Covered

The report on the global antimicrobial coatings market covers segments such as coating material and application. On the basis of coating material, the sub-markets include silver, copper, and others. On the basis of application, the sub-markets include medical & healthcare, foods & beverages, building & construction, HVAC systems, protective clothing, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as PPG Industries, Axalta Coating System, Sherwin-Williams Company, AkzoNobel, RPM INTERNATIONAL INC, Nippon Paint Holdings, LONZA GROUP AG, KONINKLIJKE DSM N.V, BASF SE, and DuPont de Nemours.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the antimicrobial coatings market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.