Antimicrobial Coatings Market Analysis, Size, and Share by 2028

[Research Report] The antimicrobial coatings market was valued at US$ 2,918.30 million in 2019 and is projected to reach US$ 7,514.56 million by 2028; it is expected to grow at a CAGR of 11.2% from 2020 to 2028.

Market Insights and Analyst View:

Antimicrobial coatings are coatings that are treated with an antimicrobial agent and applied to a surface to prevent the growth of bacteria, mold, mildew, or algae. The most common actives used to manufacture antimicrobial coatings include various isothiazolinone treatments, silver, zinc pyrithione, and quaternary ammonium compounds. Antimicrobial coatings add value and functionality to finished products by reducing odors, staining, and by extending product life. An antimicrobial coating offers proven surface protection by controlling the growth of unwanted bacteria and fungi.  The antimicrobial coatings are used for various applications such as housewares, commercial, industrial, outdoor, building products, and healthcare these factors are expected to propel the antimicrobial coatings market growth.

Growth Drivers and Challenges:

The demand for antimicrobial coatings has been rising in healthcare setting for sterilization of medical devices. However, the use of antimicrobial coatings is not limited to medical industry and has been expanding across diversified end use industries such as indoor air/HVAC applications along with building and construction, food & beverage, mold remediation, and packaging.

For building and construction purpose, the antimicrobial coatings are used to cover the walls and surfaces of manufacturing capabilities, factories, and stations to keep them away from the propagation of microbes. Moreover, these coatings find applications in residential and commercial facilities, indoor handles, flooring and roofing systems, workstations, and other such places. In food & beverage industry, the antimicrobial edible films and coatings protect foodstuff against spoilage and help minimize the risk of pathogen propagation on the food surface. Additionally, these coatings are used to wrap fish and meat products as well as fruits and vegetables. The positive impact of globalization, improvements in manufacturing capabilities in developing economies, and incorporation of advanced technologies are among the factors bolstering the demand for antimicrobial coatings. Additionally, the demand of antimicrobial coatings has increased across diversified application bases during COVID-19, SARS, and other such pandemic.

 However, biocidal chemicals used in antimicrobial coatings are considered inherently toxic. Such biocidal products show destructive effect toward several types of cells/organisms apart from target organisms and are also proved to be harmful for humans, animals, and environment. All such factors may restrict the growth of the market.

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Published Report - Antimicrobial Coatings Market: Strategic Insights

Report Segmentation and Scope:

The “Global Antimicrobial Coatings Market” is segmented on the basis of raw material, application, and geography. Based on raw material, the antimicrobial coatings market is segmented into silver, copper, titanium dioxide, and others. In terms of application, the market is classified into medical, HVAC, mold remediation, building and construction, foods and beverages, and others. The antimicrobial coatings market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)

Segmental Analysis:

Based on application, the antimicrobial coatings market is segmented into medical, HVAC, mold remediation, building and construction, foods and beverages, and others. The medical segment holds a significant share of the market and is expected to register a significant CAGR in the antimicrobial coatings market during the forecast period. Bacteria cause the majority of infections associated with medical device implantation. Bacterial infections are a major concern, causing increased human suffering and increasing healthcare costs around the world. Externally or internally, medical devices for human or animal use may be used to spread bacterial, viral, fungal, or other unwanted infections. Healthcare facilities perform various research and development activities in order to enhance patient safety and reduce the risk of infection in hospitals or clinics. Pathogens that cause diseases associated with health care pose a threat to clinics and hospitals. To prevent this, medical devices are treated with antimicrobial agents, propelling the market growth.

Regional Analysis: 

Based on geography, the antimicrobial coatings market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global antimicrobial coatings market was dominated by North America; the market in this region was valued at US$ million 1,083.59 in 2018.  Asia Pacific is the second major contributor to the market, which holds more than 20% of the global antimicrobial coatings market share. These emerging countries in Asia Pacific are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the antimicrobial coatings market. The antimicrobial coatings industry in the region has experienced a considerable shift over the years. The massive growth is due to the rising healthcare industry in emerging economies, such as India and China. The growth of the major end-use industries, such as healthcare, construction, and food processing and packaging, is driving the market. The robust manufacturing base of the packaging products industry in countries, as well as increased sales of eCommerce and packaged food products, are expected to augment regional market growth. Furthermore, favorable policies implemented by the government of India, such as Foreign Direct Investment (FDI) and Make in India, are expected to create sufficient growth opportunities for the food processing and healthcare industries, which, in turn, is expected to increase the consumption of antimicrobial coatings in the region.

Industry Developments and Future Opportunities: 

Various initiatives taken by key players operating in the antimicrobial coatings market are listed below:

1. In March 2023, AkzoNobel partnered with BioCote to expand their Interpon brand antimicrobial powder coatings. This can be used on a variety of internal surfaces, such as window frames, ceiling tiles, metal office partitions, metal doors, and elevator doors, thus expanding the company's product portfolio.
2. In March 2022, PPG industries Inc. announced to open the R & D center in Milan, Italy. This research & development center will develop innovative technologies for powder coating.

Antimicrobial Coatings

The regional trends and factors influencing the Published Report - Antimicrobial Coatings Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Published Report - Antimicrobial Coatings Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Published Report - Antimicrobial Coatings Market Report Scope

Published Report - Antimicrobial Coatings Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - Antimicrobial Coatings Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

COVID-19 Impact:

The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several application industries, including the food & beverage, healthcare, construction. The market for antimicrobial coating is impacted by the pandemic due to shortfall in production along with limited transportation facilities. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Antimicrobial coating manufacturers temporarily close their operations or limit their production capacities, negatively impacting the antimicrobial coatings market growth. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxations in certain regulations, including lockdowns and travel bans. Along with this, the relaxation of trade restrictions aided in import and export operations, positively impacting the antimicrobial coatings market growth.

Competitive Landscape and Key Companies:

A few of the prominent players operating in the global antimicrobial coatings market include Cupron, Alistagen Corporation, AK Coatings Inc., Fiberlock, Microban International Ltd., PPG Industries Inc., Akzo Nobel N.V., DuPont de Nemours, Inc., Nano-Care Deutschland AG, and Axalta Coating Systems among others. These market players are adopting strategic development initiatives to expand, further driving the antimicrobial coatings market growth.