Global Antimicrobial Coating Market Report and Forecast 2023-2028

Global Antimicrobial Coating Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global antimicrobial coating market is expected to grow at a CAGR of 10.80% between 2023-2028. Aided by the rising awareness of hygiene, the need to combat microbial growth in various sectors, and advancements in coating technologies, the market is expected to attain a value of USD 16.4 billion by 2028.

Antimicrobial coatings are surface treatments containing antimicrobial agents designed to inhibit the growth of bacteria, fungi, viruses, and other pathogens. These coatings are pivotal in preventing infection, odour, degradation, and staining of materials. Beyond their primary function of curtailing microbial proliferation, these coatings significantly enhance durability, appearance, and functionality of products, especially in sectors like healthcare, construction, and food processing.

The robust antimicrobial coating market demand can be attributed to various factors. A crucial driver is the heightened awareness regarding health and hygiene, accentuated by recent global health crises. As health concerns grow, there's a marked shift towards incorporating hygienic designs and materials in public infrastructures, homes, and products.

In tandem with this health-conscious wave, industries, particularly healthcare and food processing, have amplified their usage of antimicrobial coatings. Hospitals, aware of the dangers of hospital-acquired infections, are integrating these coatings on medical instruments, walls, and furniture. Meanwhile, the food industry leverages these coatings to increase shelf-life, maintain product quality, and ensure food safety.

The burgeoning applications of antimicrobial coatings go beyond traditional sectors which is a major driving factor of the antimicrobial coating market growth. The textile industry, striving to cater to the fitness-conscious and the hygiene-aware consumers, is increasingly adopting antimicrobial treatments for sportswear and daily wear. The construction sector, too, is seeing a rise in the application of these coatings, especially in damp environments to prevent mould growth and maintain structural integrity.

Advancements in nanotechnology have been a significant boon for the antimicrobial coating market. The emergence of nanocoatings, which provide a more efficient and long-lasting barrier against microbes, is driving innovation in the sector. These nanocoatings, while preventing microbial growth, do not alter the tactile feel or appearance of the material, making them highly sought-after.

Environmental considerations, however, are steering the industry in new directions. The quest for sustainable and eco-friendly antimicrobial solutions that do not contribute to microbial resistance or environmental degradation is paramount. Companies are investing in research to formulate coatings using natural antimicrobial agents, and regulatory bodies are playing a proactive role in ensuring that these coatings adhere to safety standards.

Geographically, regions with tropical climates, high humidity, and dense population centres are likely to account for a significant portion of the antimicrobial coating market share. Nevertheless, as awareness spreads, even regions with temperate climates are seeing a heightened interest in antimicrobial solutions.

Market Segmentation

The market can be divided based on type, product, application, and region.

Market Breakup by Type

• Silver Coating
• Copper Coating
• Zinc Coating
• Chlorine Coating

Market Breakup by Product

• Surface Modification Coating
• Powder Coating

Market Breakup by Application

• Indoor Air/HVAC
• Mould Remediation in Construction
• Medical/Healthcare
• Foods and Beverages

Market Breakup by Region

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

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global antimicrobial coating market. Some of the major players explored in the report by Expert Market Research are as follows:

• Akzo Nobel N.V.
• The Sherwin-Williams Company
• The Dow Chemical Company
• Axalta Coating Systems, LLC
• Nippon Paint (India) Private Limited
• koninklijke DSM N.V.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.