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 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.

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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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Global Antiviral and Antimicrobial Coatings Market

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