Antimicrobial Coatings Market Size, Share and Forecast by 2028

Antimicrobial Coatings Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Raw Material (Silver, Copper, Titanium Dioxide, and Others) and Application (Medical, HVAC, Mold Remediation, Building and Construction, Foods and Beverages, and Others)

Publication Month: Apr 2021 | Report Code: TIPRE00009037 | No. of Pages: No. of Pages148 | Category: Chemicals and Materials | Status: Published

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.

The increasing health care associated infections and rising use of antimicrobial coatings in healthcare setting for sterilization of medical devices propel the demand for antimicrobial coatings. The healthcare industry is expected to witness monumental transformation owing to the factors such as rapidly growing urbanization, rising instance of infectious diseases, and shifting lifestyle of consumers. 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, building and construction, food & beverage, mold remediation, and packaging. With effective research studies and development procedures, researchers and scientists are coming up with innovative products related to antimicrobial coatings. The latest innovation is associated with the development of multifunctional, low cost, and durable antimicrobial coatings. This is expected to provide lucrative opportunities to the key players operating in the antimicrobial coatings market.

In 2019, North America held the largest share of the global antimicrobial coatings market. In the region, the US is a major market for antimicrobial coatings, followed by Canada and Mexico. The growth of the market in North America is attributed to the strong presence of several domestic and foreign players, and ongoing investments in the advancement of the healthcare sector across the US and Canada. In addition, the continuously rising number of COVID-19 patients also drives the antimicrobial coatings market growth.

The COVID-19 pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. The chemical & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the activities in the chemical & materials industry, which are restraining the growth of various markets related to this industry.

Geographic Overview of Antimicrobial Coatings Market

Geographic Overview of Antimicrobial Coatings Market

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Market Insights
Rising Instance of Hospital-Acquired Infections (HAIs)

Healthcare-associated infections (HCAI) or nosocomial infections are the infections associated with the equipment and devices such as catheters or ventilators used during medical procedures. Over the period, there has been rising prevalence of HCAI diseases, which has become a serious concern among various economies. For instance, according to National Center for Biotechnology Information, it has been estimated that almost 2million patients in the US suffer from HCAI annually, out of which ~98,000 people die.Likewise, in the EU, the European Center for Disease Prevention and Control (ECDC) registers almost 4.1million acute care patients acquiring HCAI every year with ~37,000 deaths. Further, as per the World Health Organization (WHO), almost 7% and 10% of patients from developed and developing economies respectively have instance of healthcare associated infection during medical treatment. HCAIs poses major health challenge in healthcare units and the conditions arising from HCAIs is the sixth leading cause of death in western nations and even higher in other developing economies.

Therefore, in 2016, AMiCI, an association representing universities and institutes along with organizations and manufacturers, was formed in Europe to increase awareness among people and organizations about research and application of antimicrobial coatings. Antimicrobial coatings are the layers applied on medical equipment that are exposed to sensitive bodily fluids such as blood and urine. Medical equipment needs regular sanitation and disinfection with antimicrobial coatings to avoid infection arising from external bacteria. The rising focus toward impact of HCAI through several programs along with active participation of hospitals and manufacturers to generate the significance of the antimicrobial coatings is expected to stimulate the growth of the global antimicrobial coatings market during the forecast period.

Raw Material Insights

The global antimicrobial coatings market, by raw material, is segmented into silver, copper, titanium oxide, and others. The silver segment led the market with the largest share in 2019. Silver has the most effective antimicrobial activity while being the least toxic to animal cells. Silver ions are produced when silver is added to water. These ions destroy and prevent biological growth, interfering with germ metabolism and membrane functions. Further, silver biocides can be found in hospital water systems, catheters, furniture, and almost in the operation theatre. Furthermore, in the late 1800s, silver nitrate was used to treat many eye infections in new-born infants, and physicians discovered that silver dressings helped wounds heal faster. The metal was used in surgical wound sutures and ulcer remedies, and it is still used today, with silver-embedded bandages proving to be especially effective in healing burn wounds. Silver's high effectiveness, low toxicity, long-lasting impact, and durability are among the major factors driving its demand. The antimicrobial coatings market growth for the silver segment is attributed to the rising demand from the medical & healthcare, food & beverage, and other industrial applications to ensure occupational safety and hygiene, and to prevent the growth of novel coronavirus that causes COVID-19, bacteria, and other microbes on commonly touched surfaces.

Application Insights

The global antimicrobial coatings market, by application, is segmented into medical, HVAC, mold remediation, building and construction, foods and beverages, and others. The medical segment led the market with the largest share in 2019. Antimicrobial coatings are used in medical devices to destroy or hinder the growth of microorganisms. The coatings help defend surfaces from various pathogens such as fungi, viruses, bacteria, and germs. Further, the growing number of hospitals, combined with the growing demand for healthcare services, generates a demand for advanced technologies and equipment, which boosts the growth of the antimicrobial coatings market. Moreover, the growing demand for biocompatible, nontoxic, and biostable antimicrobial coatings in catheters, implantable, and surgical instruments drives the market growth. Furthermore, the outbreak of the COVID-19 pandemic is expected to increase the demand for antimicrobial coated medical devices, which is expected to drive the market growth during the forecast period.

Antimicrobial Coatings Market, by Application – 2019 and 2028

Antimicrobial Coatings Market, by Application – 2019 and 2028

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Strategic Insights

Report CoverageDetails
Market Size Value inUS$ 2,918.30 Million in 2019
Market Size Value byUS$ 7,514.56 Million by 2028
Growth rateCAGR of 11.2% from 2020-2028
Forecast Period2020-2028
Base Year2020
No. of Pages148
No. of Tables56
No. of Charts & Figures75
Historical data availableYes
Segments coveredRaw Material and Application
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

A few key players operating in the global antimicrobial coatings market are PPG Industries, Inc.; Axalta Coatings Systems; AkzoNobel N.V.; nano Care Deutschland AG; and DuPont de Nemours, Inc. Major market players are focused on strategies such as mergers and acquisitions, and product launches to increase their geographical presence and consumer base globally. For example, in November 2020, PPG announced that JOHNSTONE’S brand by PPG has launched Anti-Bacterial Matt paint. Company claimed that the use of paint throughout a home will restrict bacterial growth on walls.

Report Spotlights

  • Progressive industry trends in the global antimicrobial coatings market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the antimicrobial coatings market from 2017 to 2028
  • Estimation of the demand for antimicrobial coatings across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict antimicrobial coatings market growth
  • Recent developments to understand the competitive market scenario and the demand for antimicrobial coatings
  • Market trends and outlook coupled with factors driving and restraining the growth of the market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global antimicrobial coatings market growth
  • Antimicrobial coatings market size at various nodes of market
  • Detailed overview and segmentation of the global market as well as its dynamics in the industry
  • Antimicrobial coatings market size in various regions with promising growth opportunities

Antimicrobial Coatings Market, by Raw Material

  • Silver
  • Copper
  • Titanium Dioxide
  • Others

Antimicrobial Coatings Market, by Application

  • Medical
  • HVAC
  • Mold Remediation
  • Building and Construction
  • Food and Beverages
  • Others

Company Profiles

  • 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
  • Axalta Coating Systems

Frequently Asked Questions

The major players operating in the global antimicrobial coatings market are 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 many others.
In 2019, North America held the largest share of the global antimicrobial coatings market. Several domestic and foreign companies have a strong presence in the North American region. In the North American, the United States is a major market for antimicrobial coatings, followed by Canada and Mexico. The development in the North American region is powered by ongoing investments for the advancement of the healthcare sector in across markets such as the United States and Canada. The North American is the largest market for antimicrobial coatings, as the key manufacturers of antimicrobial coatings are located in the region. In addition, the existence of a large COVID-19 patient pool and substantial investment in building the healthcare system is attributed to the market development.
Medical segment held the largest share in the global antimicrobial coatings market in 2019. Antimicrobial coatings are used in medical devices to destroy or hinder the growth of microorganisms. Antimicrobial coatings help to defend surfaces from pathogens such as fungi, viruses, bacteria, germs, and others. Further, the growing number of hospitals, combined with the growing demand for healthcare services, generates a demand for advanced technologies and equipment, which will boost antimicrobial coatings market demand. Moreover, the growing demand for biocompatible, non-toxic, and biostable antimicrobial coatings in catheters, implantable, and surgical instruments will drive market growth. Furthermore, the outbreak of the COVID-19 pandemic is expected to increase demand for antimicrobial coated medical devices, which is expected to drive the market

The List of Companies - Antimicrobial Coatings Market

  1. Cupron
  2. Alistagen Corporation
  3. AK Coatings Inc.
  4. Fiberlock
  5. Microban International Ltd.,
  6. PPG Industries Inc.
  7. Akzo Nobel N.V.
  8. DuPont de Nemours, Inc.
  9. Nano-Care Deutschland AG
  10. Axalta Coating Systems
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global antimicrobial coatings market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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