USD 3.2 billion
Report ID: SQMIG15E2351 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 128 | Figures: 77
Antiviral And Antimicrobial Coatings Market size was valued at USD 3.2 billion in 2021 and is poised to grow from USD 3.44 billion in 2022 to USD 5.53 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).
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.
Global Market Size
USD 3.2 billion
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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.
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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.
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Antiviral And Antimicrobial Coatings Market Driver
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
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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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
Antiviral And Antimicrobial Coatings Market Recent Developments
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.
|Market size value in 2021||USD 3.2 billion|
|Market size value in 2030||USD 5.53 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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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.
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