Antimicrobial Coatings Market Forecasts to 2028 – Global Analysis By Type (Copper, Silver, Zinc, Aluminum, Other Types), Surface Modifications (Pseudomonas, E. Coli, Listeria), Form (Powder, Aerosol, Liquid), and others

Antimicrobial Coatings Market Forecasts to 2028 – Global Analysis By Type (Copper, Silver, Zinc, Aluminum, Other Types), Surface Modifications (Pseudomonas, E. Coli, Listeria), Form (Powder, Aerosol, Liquid), and others

According to Stratistics MRC, the Global Antimicrobial Coatings Market is accounted for $10.42 billion in 2022 and is expected to reach $25.13 billion by 2028 growing at a CAGR of 15.8% during the forecast period. Antimicrobial coatings are chemical agents that aid in the prevention of hazardous microorganisms on the surfaces on which they are applied, including bacteria, germs, and others. The antimicrobial coating market is driven by the widespread use of antimicrobial coatings as surface coatings for key industries, including medical for protective gloves, masks, hospital surfaces, and others. Antimicrobial coatings are, nonetheless, in high demand due to their versatility and wide range of applications in the medical, construction, electronics, and other industries.

According to Wall Street Journal, the total production volume of N95 masks in the United States was about 45 million in January 2020 and reached about 180 million till the end of 2020, witnessing an exponential growth of about 300%.

Market Dynamics:

Driver:

Increasing demand for antimicrobial coatings in healthcare and medical industries

The market in developed nations like the US, UK, and other regions is driven by the application of antimicrobial coating in the medical and healthcare sector. Over the past few years, antimicrobial coating has become more and more prevalent in the medical and healthcare industries globally. This may be a result of increased hygiene awareness and government initiatives to halt the spread of hospital acquired diseases (HAIs). Catheters, injections, and other medical instruments that frequently implant in the body or puncture the skin are connected, either directly or indirectly, to various HAIs. These coatings, which help prevent microbial growth, are widely used in the healthcare and medical sectors.

Restraint:

High cost and lack of skilled labour

Antimicrobial coatings cost more than regular coatings. Other conventional coatings cannot serve the same purpose as these coatings do because they are regularly used to protect surfaces and people from harmful microorganisms. It is well known that in underdeveloped countries, tastes differ mostly based on a product's price. The primary problems preventing market expansion in emerging countries are lesser purchasing power, inadequate comprehension, and lower per capita income.

Opportunity:

Increased utilization in innovative applications

Several industries, including electronic products, protective clothing, and consumer goods, have seen a major surge in the need for antimicrobial coating as a result of the COVID-19 epidemic. Recently, a number of companies, including Droom, ZAGG Inc., and others, have made the initiative to cover their products with antimicrobial coatings. A start-up out of IIT Madras started making fabrics with antimicrobial coatings to protect against several diseases.

Threat:

Nanoparticle toxicity is a source of concern

Concerns have been expressed concerning the moulded nanoparticles' possible use, particularly in the medical and healthcare sectors, due to their potentially dangerous characteristics. Metal nanoparticles have a different biological activity and poisonousness than their aggregate form. Since breathing in copper and silver coatings encourages skin disease, prolonged contact to these materials may be hazardous to human health. A potential strategy for reducing the toxicity of these particles is the biological synthesis of metal nanoparticles.

Covid-19 Impact

Increasing demand for protective coatings from numerous end-use sectors throughout the world is driving the growth of the antimicrobial coatings market in the midst of the coronavirus epidemic. The rising demand and supply for pharmaceuticals, sanitizers, disinfectants, and other hygiene goods are caused by the coronavirus breakdown's expanding geographic reach. The global industry is being driven by producers in the antimicrobial coatings market who consistently work to meet the soaring demand from the healthcare and pharmaceutical industries. Microorganisms like parasites, germs, and bacteria are becoming more prevalent in both household and commercial settings. Surfaces are safeguarded against these hazardous germs with antimicrobial coatings. Consumers' growing knowledge of the characteristics and advantages of antimicrobial coatings is also helping the global market expand. The market is expanding in part because to the leading companies' booming R&D efforts in antibacterial coatings.

The silver segment is expected to be the largest during the forecast period

The silver segment is estimated to have a lucrative growth, due to its low toxicity and persistent antibacterial effect against Gram-positive and Gram-negative bacteria, fungi, protozoa, and some viruses, silver antimicrobial coatings are frequently utilised. Many researchers are now more interested in silver (Ag) than other substances having antibacterial properties. The oxidised form of Ag (Ag+), whose concentration is between 10 and 10 M, is associated with Ag's antibacterial capabilities.

The medical & healthcare segment is expected to have the highest CAGR during the forecast period

The medical & healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing demand for healthcare facilities and the growing number of hospitals, there is a need for high-tech tools and equipment, which will boost product demand. Over the course of the projection period, industry growth will be aided by the increased demand for antimicrobial coatings on catheters, implantable devices, and surgical equipment since they are biocompatible, non-toxic, and biostable. The availability of major manufacturers of medical equipment, such as GE Healthcare Technologies, Johnson & Johnson, Baxter International Inc., and Stryker Corp., is likely to increase the manufacturing of medical devices with antimicrobial coatings.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to rising demand for non-residential construction projects including hospitals, schools, and colleges over the projected period, the North American construction industry is anticipated to experience significant expansion. The market for antimicrobial coatings in construction applications is projected to be fuelled by the expanding population, which is anticipated to further increase development of office buildings, industrial facilities, schools, and colleges. As a result of the COVID-19 pandemic's effects on cross-border trade among the economies, the antimicrobial coatings industry in North America is predicted to grow slowly.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the expansion of the healthcare infrastructure, increased food recalls due to microbial contamination, rising healthcare-associated illness burden in developing nations, and rising transport-associated infection rates are the key causes of this region's rise. The development of the Asia Pacific antimicrobial coatings market is also supported by expanding university activities and increased government funding for technological developments in the antimicrobial coating.

Key players in the market

Some of the key players profiled in the Antimicrobial Coatings Market include Diamond Vogel, AkzoNobel N.V., Lonza, AK Steel Corp., DuPont, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, The Sherwin-Williams Company, Burke Industrial Coatings, Troy Corporation, RPM International Inc., Koninklijke DSM N.V., PPG Industries, Inc., BASF SE, Dow Microbial Control, Royal DSM N.V., Sherwin-Williams Company and Sono-Tek Corporation.

Key Developments:

In December 2020, Nippe Home Products Co. Ltd. started selling the Protection Interior Wall VK-200 for DIY, an anti-viral and anti-bacterial water-based paint for indoor use.

In May 2020, PPG Industries launched a quick-ship program for PPG SILVERSAN antibacterial powder coating, formulated specially with silver ionic technology.

In May 2020, AkzoNobel re-launched the Interpon D1000 and 2000 architectural powder coatings with additional microbial properties in the COVID-19 pandemic.

Types Covered:
• Copper
• Silver
• Titanium Dioxide
• Ploymer
• Chitosan
• Aluminum
• Zinc
• Gallium
• Other Types

Surface Modifications Covered:
• Pseudomonas
• E. Coli
• Listeria

Forms Covered:
• Powder
• Aerosol
• Liquid
• Other Forms

Materials Covered:
• Polycationic Hydrogel
• Silver Nanoparticles
• Graphene Materials
• Dendrimers
• Polymer Brushes
• Other Materials

Resin Types Covered:
• Polycationic Polyurethane
• Acrylic
• Epoxy
• Polyester
• Other Resin Types

Applications Covered:
• Building & Construction
• Medical & Healthcare
• Protective Clothing
• Transportation Automotive
• Heating, ventilation, and air conditioning (HVAC) System
• Sanitary Facilities & Kitchen
• Food Processing & Packaging
• Antimicrobial Textiles
• Mold Remediation
• Machinery and Equipment
• Automotive OEM and Component
• Electronics
• Water Treatment
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements