Antiviral & Antimicrobial Coatings Market Forecasts to 2028 – Global Analysis By Form (Powder, Aerosol, Liquid and Other Forms), Material (Organic Materials, Silver, Aluminum, Silicon Dioxide, Copper and Other Materials), Application (Building & Construct

Antiviral & Antimicrobial Coatings Market Forecasts to 2028 – Global Analysis By Form (Powder, Aerosol, Liquid and Other Forms), Material (Organic Materials, Silver, Aluminum, Silicon Dioxide, Copper and Other Materials), Application (Building & Construction, Food & Beverage, Healthcare, Air & Water Treatment, Protective Clothing, Packaging, Automotive and Other Applications) and By Geography

According to Stratistics MRC, the Global Antiviral & Antimicrobial Coatings Market is accounted for $4.1 billion in 2022 and is expected to reach $8.6 billion by 2028 growing at a CAGR of 13.14% during the forecast period. Antiviral & antimicrobial coatings are used to restrict the growth of viruses and other microorganisms. These coatings provide long-lasting protection against microorganisms and help maintain permanent hygiene. They have wide applications in healthcare, building & construction, food & beverage, packaging, air & water treatment, automotive, protective clothing and other industries like oil & gas, electronics and aeronautics & defense.

According to Food Standards Australia & New Zealand data, there were 195 food product recalls related to microbial contamination in Australia. The most commonly infecting micro-organisms for food products include Listeria monocytogenes, Salmonella, E. Coli. Listeria monocytogenes contamination occurred in meat, dairy, and mixed & processed foods.

Market Dynamics:

Driver:

Growing awareness among people

Bio contamination of medical devices and implants is a serious issue causing medical complications. Growing awareness and understanding of antimicrobial resistance in people started developing synthetic surfaces, which reduce the adhesion of microbes and provide biocide activity or combinatory effects. This coating provides an extra line of defense and a complementary strategy for maintaining hygiene standards is fuelling the market demand.

Restraint:

Health hazards

The antiviral and antimicrobial coating can emit active ingredients causing health hazards for long run. The coatings contain silver, zinc and copper which have toxic effects. They immediately begin a degradation process. They have endocrine disruptors which are associated with developmental and reproductive problems. Breathing these coatings can cause allergy, headaches, dizziness and nausea. All these aspects are hampering the growth of the market.

Opportunity:

Advancement in nanotechnology

Advances in nanotechnology bought out diffusion methods. It has enabled the synthesis of new nano materials with multifunctional antimicrobial properties. The new technology is a promising platform for alternative measures to control bacterial infections. It can overcome evolved resistances to conventional antibiotics. Their mode of action and drug-resistance is propelling the growth of the market.

Threat:

High cost of products

The cost of antiviral and antimicrobial coating is huge compared to traditional coating products as they are used to protect surfaces and people from various virus and microbes. Consumer preference mainly varies with respect to the price of the product. However, the cost of copper coatings could be rather expensive. The high cost of raw materials and the high cost of applying antiviral coatings are hindering the growth of the market.

Covid-19 Impact

The COVID-19 outbreak has affected various industries worldwide. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the antimicrobial and antiviral manufacturing industry. Small and medium-scale companies are the backbone of these technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic.

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

The copper segment is estimated to have a lucrative growth, due to its high antiviral & antimicrobial agent concentration. It induces contact killing of bacteria with little chance of development of resistance. It has properties linked with oxidized concentration. It aspects such as low toxicity and long lasting antimicrobial actions are witnessing the huge demand in the market.

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

The heathcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its advanced equipment to prevent and kill the microbes. The development of personal protective equipment (PPE) helps to protect people from the virus. All the medical segment facilities are coated with antiviral and antimicrobial coatings to kill the microbes once they come in contact. This witnessed huge growth in the market.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the increased demand for indoor air and medical applications. Food and beverages and apparel industries are accelerating the demand. The usage of anti microbial equipment is rising by the government. Continuous innovation in healthcare industry and policy laws and healthcare companies are anticipated to have a lucrative growth in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the presence of a large patient pool of chronic diseases and significant investment to build the healthcare system. Growing pharmaceuticals, hospitals for aging population and demand for medical devices and drugs for preventing infections in this region is propelling the growth of the market.

Key players in the market

Some of the key players profiled in the Antiviral & Antimicrobial Coatings Market include Akzo Nobel N. V, Nippon Paint Holdings Co Ltd, BASF SE, The Sherwin-Williams Company, RPM International Inc, Lonza Group Ltd, DuPont De Nemours Inc, PPG Industries Inc, Axalta Coating Systems Ltd, Sciessent LLC, NanoGraphene Inc, LANXES AG, Sika AG, Jotun Group, Koninklijke DSM N.V, Sika AG, Dais Corporation, Hydromer Inc, Kobe Steel Ltd, Envision SQ

Key Developments:

In October 2022, The Sherwin-Williams Company announced an agreement to acquire Industria Chimica Adriatica S.p.A. (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings. It brings innovative waterborne and solvent liquid coatings technology, including ultra-matt protective coatings and BIO water-based coatings products, which are made with recycled raw materials.

In February 2022, Nippon Paint Holdings Co., Ltd launched two anti-viral and anti-bacterial water-based paint products, ""PROTECTON® Floor VK Clear"" (for floors) and ""PROTECTON® Interior Wall VK Coat"" (for interior walls) to the line up of PROTECTON®.

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

Materials Covered:
• Organic Materials
• Silver
• Aluminum
• Silicon Dioxide
• Copper
• Other Materials

Applications Covered:
• Building & Construction
• Food & Beverage
• Healthcare
• Air & Water Treatment
• Protective Clothing
• Packaging
• Automotive
• 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