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Growing usage in novel applications drives the Antimicrobial Coatings Market

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Growing usage in novel applications drives the Antimicrobial Coatings Market

September 17
21:13 2021
Growing usage in novel applications drives the Antimicrobial Coatings Market
Browse 163 market data tables and 44 figures spread through 204 pages and in-depth TOC on “Antimicrobial Coatings Market”
Antimicrobial Coatings Market by Type (Silver, Copper, Titanium dioxide), Application (Medical & Healthcare, Foods & Beverages, Building & Construction, HVAC system, Protective Clothing, Transportation), & Region

The global antimicrobial coatings market size is projected to grow from USD 3.3 billion in 2020 to USD 5.6 billion by 2025, at a CAGR of 10.7% between 2020 and 2025. The growth is attributed to the growing adoption of antimicrobial coatings across several industrial applications to ensure the utmost safety from the bacteria, pathogens, and other microbes.

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Due to the COVID-19 pandemic, significant growth in demand for antimicrobial coatings is witnessed from several applications, such as protective clothing, consumer goods, and electronic products. Currently, many established companies and startups are developing protective clothing to fight against COVID-19.

  • In April 2020, the Indian Institute of Technology has developed spray-based antimicrobial coatings for Personal Protective Equipment (PPE), such as face masks, which will kill over 99.9% of bacteria and viruses. In April 2020, IIT-Madras’ startup had created textiles with antimicrobial material to fight against COVID-19.

With the growing concern and rising awareness about safety and hygiene across the globe, several manufacturers, such as textile, consumer goods, and electronics manufacturers are focusing on the development of antimicrobial products. It will help to comply with changing consumer preferences and market demand.

  • In April 2020, CIIRC-Jyothy Institute of Technology developed a polymer-based antimicrobial surface coating for textiles and other industrial applications that has been scaled up and commercialized by National Innovation Foundation (NIF).

 

The medical & healthcare sector is estimated to be leading consumer of antimicrobial coatings

The medical & healthcare segment led the overall antimicrobial coatings market in 2019, both in terms of value and volume. In the medical & healthcare industry, the growing concern about hospital-acquired infections (HAIs) and its related impact on humans are major driving factors for the antimicrobial coatings market. There has been a significant increase in the patient pool across the globe due to the COVID-19 pandemic. For the treatment of these patients, temporary hospitals and facilities have been established in several countries, wherein the utmost care has been taken to avoid the spread and growth of the COVID-19 virus and other bacteria on the surfaces. For the same, these temporary and existing healthcare facilities are applying antimicrobial coatings on the surfaces, such as door handles, trails, beds, healthcare instruments, and medical devices used for the treatment.

North America projected to account for the largest share of the antimicrobial coatings market during the forecast period

North America is projected to have the largest share in the global antimicrobial coatings market, in terms of both value and volume, from 2020 to 2025. The North American antimicrobial coatings market is driven by the rising demand from the medical & healthcare sector to inhibit the growth of bacteria and microbes, causing HAIs. In North America, the US is severely impacted by the COVID-19 pandemic compared to Canada and Mexico. There is a significant increase in the demand from the medical & healthcare application due to the COVID-19 pandemic to evade the transmission of bacteria from surface to surface. Several manufacturers supply antimicrobial coatings to these facilities to ensure the safety of patients and hospital staff. Also, due to the stringent regulations pertaining to the indoor air quality, the HVAC system manufacturers are incorporating antimicrobial coatings on surfaces to ensure the required air quality by inhibiting the growth of mold and bacteria.

AkzoNobel (Netherlands), The Sherwin-Williams Company (US), Axalta Coating Systems (US), PPG Industries (US), Nippon Paint Holdings (Japan), and DuPont de Nemours (US) are the key players operating in the antimicrobial coatings market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the antimicrobial coatings market.

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