Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on antiviral coatings market provides in-depth
analysis of segments and sub-segments in the global as well as regional antiviral coatings market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional antiviral coatings market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global antiviral coatings market.
According to the report, the global antiviral coatings market is projected to
grow at a CAGR of 14.05% over the forecast period of 2021-2027.
The global antiviral coatings market was sized near USD 650.0 billion in 2021 and it is expected to reach up
to USD 1430.4 billion in 2027. The global antiviral coatings market is
projected to grow with a CAGR of 14.05% during 2021-2027. Viral infections have
emerged as a serious health challenge, and the COVID-19 pandemic has increased
the demand for antiviral products and treatments for clean surfaces, especially
in public places. A wide range of materials including metals, graphene, and
polymers, and their corresponding antiviral activities are available in the
market. The market for antiviral coatings is in its development phase, and it
is anticipated to grow rapidly over the next few years. Several leading players
in the coating industry are developing antiviral products, while many start-ups
and new entrants are emerging across the world. Moreover, the market players
are offering differentiated products with innovative technology behind them.
This, in turn, is driving the competitiveness of the market.
Antiviral coatings are extremely
important in the light of the COVID-19 pandemic, as it also used on the walls,
floors, and railings of hospitals and schools and residential, industrial, and
institutional countertops and are sprayed onto masks, gloves, and other
textiles. Due to the COVID-19 pandemic, much research is being focused on the
development of antiviral coatings. Thus, the COVID-19 pandemic has provided a
major boost to the growth of the antiviral coatings market. Moreover,
infectious diseases are an increasing global concern to human health. The
cornerstones of maintaining a healthy environment in hospitals include the appropriate
use of surface disinfectants, which will further increase the demand for
antiviral coating in healthcare institutions. The relevance and importance of
surface disinfection is increasingly being accepted and is expected to be more
frequently used in the upcoming years to eliminate the possibilities of
transfer of microorganism to the human body and its subsequent spreads, due to
which there will be a noticeable focus on using antiviral coatings to support
healthy buildings. However, high raw material costs will affect the growth of
the market. Nevertheless, advancements in the research and development of
antiviral coatings and the development of large-scale production of
nano-materials and graphene will provide opportunities for market growth.
Geographically, North America is
one of the key contributors to the overall antiviral coatings market growth
during the forecast period as it is a developing region. In 2020, the region
occupied 36.66% of the global market share owing to the growing exports of
medical devices, along with advancements in medical technology. Moreover,
Europe is likely to closely follow the growth of North America and is expected
to exhibit the second-largest market for antiviral coatings in the near future.
The coronavirus raises public awareness of the necessity for sanitation and
cleanliness which is expected to propel the antiviral coatings market in the
region.
The report on global antiviral coatings market covers segments such as coating material, surface type,
application, and end user. On the basis of coating material, the sub-markets
include silver, copper, graphene, and others. On the basis of surface type, the
sub-markets include metal, wood, glass, plastic, and fabric. On the basis of
application, the sub-markets include medical equipment, air & water
treatment, protective clothing, and others. On the basis of end user, the
sub-markets include medical & healthcare, foods & beverages, construction, and others.
The report provides profiles of
the companies in the market such as Nippon Paint Holdings Co., Ltd., Nohara
Holdings, Inc., Muze Nanobots Private Limited, Stardust Powder Coatings Srl,
Kastus Technologies Ltd., Harind Chemicals & Pharmaceuticals Pvt. Ltd (Nanova),
Advanced Nanotech Lab, Airdal GmbH, CodiKoat Ltd, and Grand Polycoats
Company Pvt Ltd..
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 antiviral coatings market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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.
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