Global Antimicrobial Coatings Market Size, Share, Growth Analysis, By Type(Silver and Copper), By Application(Medical Devices and HVAC Systems) - Industry Forecast 2024-2031

Q: What is the global market size of Antimicrobial Coatings Market?

Global 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, growing at a CAGR of 13.9% during the forecast period (2023-2030).

Report ID: SQMIG15E2467 | Region: Global | Published Date: February, 2024
Pages: 184 | Tables: 59 | Figures: 75

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 Report Snapshots

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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 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. '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)'

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.

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.

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Global Antimicrobial Coatings Market Size, Share, Growth Analysis, By Type(Silver and Copper), By Application(Medical Devices and HVAC Systems) - Industry Forecast 2024-2031

Global Antimicrobial Coatings Market Regional Insights

Global Antimicrobial Coatings Market Report Snapshots

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