USD 3.2 billion
Global Antiviral And Antimicrobial Coatings Market Size, Share, Growth Analysis, By Type(Antiviral Coatings, Antimicrobial Coatings), By Material(Silver, Organic Material), By Form(Liquid (Solvent-Borne Coatings, Water-Borne Coating)), By Application(Healthcare, Building) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2351 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
128 |
Figures:
77
Global Antiviral And Antimicrobial Coatings Market Insights
Antiviral And Antimicrobial Coatings Market size was valued at USD 3.2 billion in 2019 and is poised to grow from USD 3.44 billion in 2023 to USD 5.53 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
Active substances in an antimicrobial coating suppress bacteria development on surfaces. They are used on worktops, walls, door knobs, and other high-touch locations including HVAC vents and mechanical systems. They are also sprayed on masks, shoes, carpets, and fabrics, among other things. Paint manufacturers are using antimicrobial coatings in their paints and wall products to prevent pathogen development. These coatings contain chemicals that offer sufficient and long-lasting resistance to mould, fungus, and bacteria. When antimicrobial coatings are applied to a surface, they do not discolour, leech, or damage the ultimate look of the surface. Antimicrobial coating active ingredients prevent germs from growing on surfaces. They are utilised on work surfaces, walls, door handles, and other high-touch areas such as HVAC vents and mechanical systems. They are also sprayed on items such as masks, shoes, carpets, and textiles. Antimicrobial coatings are used by paint producers in their paints and wall products to inhibit pathogen growth. These coatings contain compounds that provide adequate and long-term resistance against mould, fungi, and bacteria. When antimicrobial coatings are put on surface, they do not discolour, leech, or harm the surface's overall appearance.
Viruses are a diverse collectiocreaturesn of that feed on the host's body. They have no metabolic activity of their own and hence must rely entirely on the host to survive. Only when there is no touch with the living host can the virus be protected. Viruses have a protein coat that preserves their molecular structure. When they are controlled at the surface level, however, they may be confined and further spread can be avoided. Anti-viral coatings are used to keep viruses on the surface contained. The nano particles assault the virus's surface and prevent protein synthesis, preventing further propagation. The market is driven by increased demand during the pandemic situation. The need for preventing the spread has driven the demand for anti-viral coatings further fostering the market growth. Moreover, high demand from indoor air/HVAC applications have also positively impacted the market growth.
US Antiviral And Antimicrobial Coatings Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Antimicrobial
Fastest Growth
Antiviral
Growth Rate
7.5% CAGR
Antiviral and Antimicrobial Coatings Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Antiviral and Antimicrobial Coatings Market By Type, 2021-2028 (%)
Antiviral and Antimicrobial Coatings Market By Type 2021-2028 (%)
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Global Antiviral And Antimicrobial Coatings Market Segmental Analysis
Global Antiviral and Antimicrobial Coatings Market is segmented based on the Type, Material, Form, Application, and region. Based on Type, the market is segmented Antiviral Coatings and Antimicrobial Coatings. Based on Material, the market is segmented into Silver, Organic Material, Copper, Aluminum, Silicon Dioxide, and Others. Based on Form, the market is categorized into Liquid (Solvent-Borne Coatings, Water-Borne Coating), Powder, Aerosol. Based on Application, the market is segmented into Healthcare, Building and Constructions, Food and Beverage, Packaging, Automotive, Protecting Clothing, Air and Water Treatment, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Antiviral And Antimicrobial Coatings Market Analysis by Type
In 2021, the antimicrobial segment held the largest share in the global market. Infection control measures are being used in an increasing number of healthcare sectors that use antimicrobial-treated medical instruments. Antimicrobial-coated medical equipment have a significant role in lowering infection rates. The newly found viruses, such as COVID-19, which may be transmitted from one person to another by coughing or sneezing, as well as touching an infected surface. The healthcare industry has hastened the deployment of antimicrobial-protected instruments in order to offer a safe environment for patients and medical staff. Modification of medical devices and biomaterials is an effective strategy for avoiding device-associated infections. Surfaces of medical implants are regarded as critical battlegrounds for biofilm development, bacterial invasion, and immunological responses.
Because of the present pandemic crisis throughout the world, the antiviral coating business has been on the increase. The need for antiviral coatings is increasing as a result of the virus's proliferation. The need for antiviral coatings from HVAC applications is propelling the antiviral coatings market forward. In this COVID pandemic, the surface of the material is playing an increasingly important role in viral transmission. As a result, the current demand for antiviral coatings is increasing. However, the lack of research and development for these antiviral coatings will be one of the market's constraints.
Antiviral And Antimicrobial Coatings Market Analysis by Application
The Medical & Healthcare category accounted for the lion's share of the market. Antimicrobial coatings are used in medical items, appliances, and surfaces to prevent the transmission of infection. The growing cases of the COVID-19 boosted the demand in the healthcare industry. Recently, IIT Guwahati researchers developed a low-cost antimicrobial spray-based coating for personal safety equipment (PPE) kits that prevents and kills bacteria that come into touch with the coated PPE surface.
During the projection period, air and water treatment are predicted to grow at a rapid pace. Antimicrobial paint is a safe and effective way to prevent odor-producing bacteria from growing in hospitals, water filters, medical equipment, consumer products, and food processing facilities, and it is certified by the EPA for use in HVAC systems. The Environmental Protection Agency, in collaboration with the Council of Educational Facility Planners International (CEFPI), is taking several initiatives and working to educate schools about air quality. The EPA, in collaboration with CEFPI, is taking several initiatives and doing extensive research to educate students about air quality. Microorganism development can be reduced by controlling moisture, decreasing temperatures, and giving nutrients.
Antiviral and Antimicrobial Coatings Market By Type , 2021 (%), 2023 (%)
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Global Antiviral And Antimicrobial Coatings Market Regional Insights
Global Antiviral and Antimicrobial Coatings Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).
In 2021, Asia Pacific is estimated to dominate the Antiviral and Antimicrobial Coatings Market. The presence of a huge patient pool with chronic illnesses, as well as considerable investment to expand the healthcare system, is credited to the rise. In addition, ongoing investments in the region's healthcare sector will boost market growth. Furthermore, in response to the severe laws governing indoor air quality, HVAC system manufacturers are putting antimicrobial coatings on surfaces to maintain the appropriate air quality by limiting the growth of mould and bacteria.
The rising demand for indoor air / HVAC and medical applications is driving market expansion in North America. Policy changes and health-care enterprises are projected to drive growth in the region. The food and beverage and garment businesses in the United States and Canada are increasing, which will drive regional demand. High living standards in the United States, along with rising government healthcare spending, are expected to drive market demand. Continuous innovation in the healthcare business, as well as increased manufacturing of processed foods, are driving market expansion.
Antiviral and Antimicrobial Coatings Market By Region, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Antiviral And Antimicrobial Coatings Market Dynamics
Antiviral And Antimicrobial Coatings Market Driver
- Government Concerns about Preventing New Diseases are Growing
Over the last century, the problem of microbial infection has been largely met, and the need to maintain proper hygiene and limit the spread of infectious agents persists. As seen by the global COVID-19 pandemic, new viruses may infiltrate the human population through animal reservoirs, and resistance to antimicrobial medicines develops, particularly in microorganisms such as bacteria, where genetic determinants are rapidly shared between pathogens. Healthcare facilities and government agencies are major places for illness transmission. Their users are frequently immunocompromised and more vulnerable to infection than the general population.
Antiviral And Antimicrobial Coatings Market Restraint
- High Cost to Hamper Market Growth
As compared to typical coating solutions, the expense of antiviral and antimicrobial coating is enormous. Consumer preferences in underdeveloped nations are mostly determined by the price of the product. Furthermore, low purchasing power, low per capita income, and limited knowledge of antimicrobial coatings in developing nations compared to industrialised countries resulted in the market's rapid expansion. Furthermore, the need for specialised labour to apply antimicrobial coatings is impeding the growth of the Antiviral and Antimicrobial Coatings Market.
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Global Antiviral And Antimicrobial Coatings Market Competitive Landscape
Major market competitors are conducting research and development to provide better quality colours with increased characteristics. Furthermore, the corporations are currently pushing strategic collaborations in order to boost the R&D efforts of the organisation. Businesses place a high value on expanding their service offerings in order to increase their market share and income. Companies are committed to create new products to meet the changing customer trends.
Antiviral And Antimicrobial Coatings Market Top Player's Company Profiles
- Akzo Nobel N.V.
- BASF SE
- Bio-Gate AG
- BioCote Limited
- DuPont de Nemours, Inc.
- Koninklijke DSM N.V.
- Microban International Ltd.
- Nanobiomatters Industries S.L.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- RPM International Inc.
- Sono-Tek Corporation
- Sherwin-Williams Company
- Speciality Coating Systems, Inc.
- The Dow Chemical Company
- The Lubrizol Corporation
- Toto Ltd.
- Troy Corporation
- Weilburger Coatings GmbH
- Zhejiang Hisun Biomaterials Co., Ltd.
Antiviral And Antimicrobial Coatings Market Recent Developments
- In July 2022, G6 Materials Corp. ("G6" or the "Company"), a high-tech company specializing in advanced materials and developing innovative composites for a variety of industrial applications, has announced the launch and immediate availability of the Breathe+ Pro Advanced Antimicrobial Graphene Air Filtration System.
- In August 2022, PPG announced that two of its industry-leading antimicrobial and antiviral products, COPPER ARMORTM antimicrobial paint by PPG with Corning® Guardiant® technology and COMEX® VINIMEX® TOTAL antiviral and antibacterial paint, have received 2022 R&D® 100 Awards in the Mechanical/Materials category.
Global Antiviral And Antimicrobial Coatings Key Market Trends
- The key driving force for the business is the rising need for antimicrobial surfaces as the number of diseases rises, as does the demand for indoor air quality goods such as HVAC. The growing number of ailments caused by microorganisms is a major source of concern in modern society. Coating producers are becoming more cognizant of the developing microbiological resistance to metal ions, antibiotics, and resistant strain proliferation. Manufacturers to explore with non-traditional coatings to create novel coatings with varied compositions, including antibacterial and antimicrobial properties, the majority of enterprises comply with the regulatory standards established by the Environmental Protection Agency (EPA) and other environmental organisations. Increased demand for such coatings as the number of diseases rises would push up the price.
Global Antiviral And 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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Antiviral and Antimicrobial Coatings Market, heating, ventilation, and air conditioning are in high demand for improving indoor air quality. Growing concerns about healthcare-related infections (HCAI) are driving market. Demand from the medical device industry is expected to rise. The release of active ingredients is likely to stymie the market. During the forecast period, the Medical & Healthcare segment will account for the majority of the revenue. Asia Pacific accounted for the lion's share of the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.2 billion |
| Market size value in 2031 | USD 5.53 billion |
| Growth Rate | 7.5% |
| 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:-
|
| Historical Year | 2019 |
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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 Antiviral And 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 Antiviral And 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 Antiviral And 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 Antiviral And 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 Antiviral And 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 Antiviral And 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 Antiviral And Antimicrobial Coatings Market Report Snapshots
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