Global Antiviral and Antimicrobial Coatings Market

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 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.

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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).

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. '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.'

Government Concerns about Preventing New Diseases are Growing

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 is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

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