USD 9.8 billion
Global Antimicrobial Coatings Market Size, Share, Growth Analysis, By Type(Silver and Copper), By Application(Medical Devices and HVAC Systems) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2467 |
Region:
Global |
Published Date: February, 2024
Pages:
184
|
Tables:
59 |
Figures:
75
Global Antimicrobial Coatings Market Insights
Antimicrobial Coatings Market size was valued at USD 9.8 billion in 2021 and is poised to grow from USD 10.15 billion in 2022 to USD 25.24 billion by 2030, at a CAGR of 13.9%during the forecast period (2023-2030).
The global antimicrobial coatings market is witnessing significant growth due to factors such as increasing awareness of health and hygiene, rising healthcare expenditure, the need to combat hospital-acquired infections, growing focus on food safety, technological advancements, the expansion of the construction industry, and the increasing demand for antimicrobial coatings in electronics and gadgets. With the continuous growth of the healthcare sector, there has been a significant increase in healthcare expenditure worldwide. Antimicrobial coatings find extensive applications in hospitals, clinics, and other healthcare facilities to maintain a sterile environment, reduce the transmission of healthcare-associated infections (HAIs), and improve patient safety. Moreover, hospital-acquired infections pose a significant threat to patient well-being. Antimicrobial coatings are extensively used on medical devices, equipment, and surfaces in healthcare settings to prevent the growth and spread of harmful pathogens, thereby reducing the incidence of HAIs. Also, the food and beverage industry has stringent regulations regarding food safety and hygiene. Antimicrobial coatings are utilized in food processing equipment, packaging materials, and food preparation surfaces to inhibit the growth of bacteria and other microorganisms, ensuring food safety and extending shelf life. Furthermore, continuous advancements in antimicrobial coating technologies, including nanotechnology-based solutions and the development of new antimicrobial agents, have significantly contributed to the growth of the market. These advancements have led to the production of coatings with improved antimicrobial efficacy, durability, and sustainability.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Silver
Fastest Growth
Silver
Growth Rate
13.9% CAGR
Global Antimicrobial Coatings Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Antimicrobial Coatings Market Size By Type 2022-2030 ($ Bn)
Global Antimicrobial Coatings Market Size By Type 2022-2030 (%)
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Global Antimicrobial Coatings Market Segmental Analysis
Global Antimicrobial Coatings market is segmented by type, end-user, and region. Based on type, the market can be segmented into silver, and copper. Based on end-user, the market is segmented into medical devices, and HVAC systems. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Antimicrobial Coatings Market Analysis by Type
By type, the market can be segmented into silver and copper. Due to its efficiency, safety, and durability, silver has been used as an antimicrobial agent for many years and is now frequently used in coatings. Silver has been used as an antimicrobial agent for centuries, and its use in coatings has become increasingly popular due to its effectiveness, safety, and long-lasting properties. Silver coatings are widely used in medical devices, HVAC systems, food packaging, and textiles to prevent the spread of infections and improve hygiene.
Copper-based coatings are the fastest-growing segment in the market due to their increasing use in various applications such as hospitals, public transportation, and food processing facilities. Copper has excellent antimicrobial properties and is effective against a wide range of microorganisms, including bacteria and viruses. Copper-based coatings are also being developed for use in water treatment systems to prevent the growth of harmful bacteria and improve water quality.
Global Antimicrobial Coatings Market Analysis by End-User
By end-user, the market can be segmented into medical devices and HVAC systems. Medical devices segment dominated the market owing to the increasing use of antimicrobial coatings in hospitals and other healthcare settings to prevent the spread of infections. Antimicrobial coatings can help lower the risk of healthcare-associated infections (HAIs) and improve patient outcomes when applied to medical devices like catheters, implants, and surgical instruments. The segment is expanding due to the ageing population and rising prevalence of chronic diseases, as well as the rising demand for medical devices.
HVAC systems are the fastest-growing segment in the market due to the increasing need for improved air quality in indoor environments. Antimicrobial coatings are being used on HVAC components such as air filters, coils, and ducts to prevent the growth of bacteria, mold, and other microorganisms that can affect indoor air quality and cause health problems. The growing awareness about the importance of indoor air quality and the increasing use of HVAC systems in commercial and residential buildings are driving the growth of the segment.
Global Antimicrobial Coatings Market Size By Type, 2022 (%), 2023 (%)
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Global Antimicrobial Coatings Market Regional Insights
North America dominated the global antimicrobial coatings market due to the increasing awareness among consumers about the benefits of using antimicrobial coatings in various applications, including healthcare, food and beverages, and construction. The United States is the largest market for antimicrobial coatings in North America, driven by the high demand from the healthcare and food processing industries. Additionally, the presence of major market players in the region, such as AkzoNobel N.V., PPG Industries, Inc., and BASF SE, is contributing to the growth of the market.
Due to a rise in demand from the region's construction and healthcare sectors, the Asia-Pacific region has the fastest-growing market for antimicrobial coatings. The market is expanding in part due to the rising urbanisation and population in nations like China and India. Moreover, the increasing investment in research and development activities for developing innovative antimicrobial coatings by major market players, such as DowDuPont, Sherwin-Williams, and Axalta Coating Systems, is expected to drive the growth of the market in the region.
Global Antimicrobial Coatings Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Antimicrobial Coatings Market Dynamics
Global Antimicrobial Coatings Market Drivers
Growing concern for cleanliness and the spread of infectious diseases
- The growing concern for cleanliness and the spread of infectious diseases is a major driver for the global antimicrobial coatings market. Antimicrobial coatings are being increasingly utilized in various applications, including healthcare, food and beverages, and construction, to protect surfaces against microorganisms such as parasites, germs, bacteria, and other unwanted microbes. The rising demand for antimicrobial coatings in the healthcare industry, specifically to combat hospital-acquired infections, is also contributing to the growth of the market. Furthermore, the development of innovative antimicrobial coatings by major market players is expected to drive the growth of the market in the coming years.
Global Antimicrobial Coatings Market Restraints
Health concerns related to the usage of silver in various applications
- One major restraint for the global antimicrobial coatings market is the health concerns related to the usage of silver in various applications. The silver nanoparticles used in antimicrobial coatings have been linked to potential adverse health effects, such as toxicity, environmental pollution, and the development of antibiotic resistance. Additionally, strict regulations in the European Union and the U.S. regarding the usage of silver in products can hinder the overall demand for antimicrobial coatings. This presents a significant challenge for the industry and calls for alternative materials and formulations for antimicrobial coatings.
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Global Antimicrobial Coatings Market Competitive Landscape
The global antimicrobial coatings market is highly competitive and fragmented, with several regional and global players vying for market share. Some of the key strategies adopted by these players include mergers and acquisitions, partnerships, and collaborations to expand their product portfolio and geographic presence. Moreover, players are focusing on developing innovative and eco-friendly antimicrobial coatings to meet the increasing demand from various industries. The market is characterized by intense competition, with players competing on factors such as price, quality, product differentiation, and customer service.
Top Player’s Company Profiles in Global Antimicrobial Coatings Market
- AkzoNobel N.V. (Netherlands)
- Axalta Coating Systems LLC (US)
- BASF SE (Germany)
- Carboline Company (US)
- Diamond Vogel (US)
- DowDuPont Inc. (US)
- Drywood Coatings BV (Netherlands)
- Hempel A/S (Denmark)
- Kansai Paint Co., Ltd. (Japan)
- Lonza Group AG (Switzerland)
- Microban International Ltd. (US)
- Nippon Paint Holdings Co., Ltd. (Japan)
- PPG Industries, Inc. (US)
- RPM International Inc. (US)
- Sono-Tek Corporation (US)
- Sherwin-Williams Company (US)
- Specialty Coating Systems, Inc. (US)
- The Dow Chemical Company (US)
- Troy Corporation (US)
- Zschimmer & Schwarz Holding GmbH & Co KG (Germany)
Global Antimicrobial Coatings Market Recent Developments
- In May 2023, PPG Industries announced the acquisition of a South Korean manufacturer of antimicrobial coatings for electronics and other applications.
- In March 2023, Nippon Paint Holdings announced a partnership with the University of Tokyo to develop a new antimicrobial coating for buildings and infrastructure.
- In February 2023, 3M Company announced the launch of a new line of antimicrobial coatings for medical devices and other applications.
- In January 2023, Axalta Coating Systems announced the acquisition of American Paint & Coatings, a manufacturer of antimicrobial coatings for the healthcare and food industries.
- In August 2022, Tikkurila Oyj launched a new line of antimicrobial coatings for hospitals, schools, and other public spaces.
Global Antimicrobial Coatings Key Market Trends
- One key market trend in the global antimicrobial coatings market is the growing demand for eco-friendly and sustainable coatings. Consumers and industries are becoming increasingly conscious about the environmental impact of their products and are looking for sustainable alternatives. Antimicrobial coatings that are made from natural materials and are biodegradable are gaining popularity. Major market players are investing in research and development to develop innovative coatings that not only provide antimicrobial protection but are also environmentally friendly. This trend is expected to drive the growth of the market in the coming years.
Global Antimicrobial Coatings Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global antimicrobial coatings market analysis, the morning is driven by the growing demand for cleanliness and the need to protect surfaces against microorganisms in various industries, including healthcare, food and beverages, and construction. The rising concerns regarding hospital-acquired infections are also boosting the overall market growth. However, the use of silver nanoparticles in antimicrobial coatings presents a significant challenge for the industry due to potential adverse health effects and strict regulations in the European Union and the U.S. Nevertheless, the market remains highly competitive and fragmented, with several regional and global players vying for market share. Furthermore, the growing demand for eco-friendly and sustainable coatings is a key trend in the market, with major players investing in research and development to develop innovative, biodegradable coatings.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.8 billion |
| Market size value in 2031 | USD 25.24 billion |
| Growth Rate | 13.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Antimicrobial Coatings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Antimicrobial Coatings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Antimicrobial Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Antimicrobial Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Antimicrobial Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Antimicrobial Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Antimicrobial Coatings Market Report Snapshots
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