Global Antimicrobial Coatings Market Overview:
Antimicrobial coatings refer to germ-neutralizing products designed to prevent the growth of disease-causing microorganisms. They inhibit the growth of mold, mildew, pathogens, bacteria, fungi, and parasites on different surfaces to maintain quality, cleanliness, and hygiene. They provide long-lasting protection against germs, eliminate the need for frequent cleaning, reduce the chances of discoloration, prevent cracking and loss of tensile strength, and extend the shelf life of products. They also improve the functionality, durability, and appearance of surfaces while shielding them against the attack of microbes. As a result, antimicrobial coatings find extensive applications across various industries, including food and beverage (F&B), textile, automotive, healthcare, and construction.
According to the latest report by IMARC Group, titled “Antimicrobial Coatings Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global antimicrobial coatings market reached a value of US$ 4.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.52 Billion by 2027, exhibiting at a CAGR of 10.2% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Antimicrobial Coatings Market Trends:
The increasing product applications across various end use industries represent the primary factor driving the market growth. For instance, antimicrobial coatings are widely used in the food and beverage (F&B) sector for storing, packaging, and transportation purposes to maintain food quality and safety. Besides this, the rising product usage to sterilize medical tools, surgical masks, gloves, bandages, wound dressings, and clothing for minimizing microbial activity and developing antimicrobial resistance (AMR) is another major growth-inducing factor. Additionally, with the growing awareness regarding the sick building syndrome (SBS), wherein residents of a building experience acute health issues due to deteriorating indoor air quality, there has been widespread adoption of antimicrobial coatings in building interiors. In line with this, the increasing consumer consciousness regarding safety and hygiene, along with the recent outbreak of coronavirus disease (COVID-19), has accelerated the adoption of antimicrobial coatings. Furthermore, the leading manufacturers are engaging in research and development (R&D) activities to launch innovative product variants, such as antibacterial matt paint and powder and spray-based coatings, which is contributing to market growth. Other factors, including the escalating demand for packaged and ready-to-eat (RTE) foods, surging cases of diseases caused by contaminated food, rising concerns about hospital-acquired infections (HAIs), and stringent regulations imposed by governments of various nations, are also creating a favorable market outlook.
Global Antimicrobial Coatings Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
- Akzo Nobel N.V.
- BASF SE,
- Diamond Vogel Paint Company
- Axalta Coating Systems Ltd.
- NIPSEA Grou
- PPG Industries, Inc.
- Koninklijke DSM N.V.
- RPM International Inc
- The DOW Chemical Company
- Sherwin-Williams Company.
Market Breakup by Product Type:
- Silver Antimicrobial Coatings
- Copper Antimicrobial Coatings
Market Breakup by Application:
- Indoor Air Quality
- Mold Remediation
- Food and Beverage
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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