Antimicrobial Coatings Market
PUBLISHED: 2023 ID: SMRC22288
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Antimicrobial Coatings Market

Antimicrobial Coatings Market Forecasts to 2028 - Global Analysis By Type (Copper, Silver, Zinc, Aluminum, Other Types), Surface Modifications (Pseudomonas, E. Coli, Listeria), Form (Powder, Aerosol, Liquid), and others

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4.8 (69 reviews)
Published: 2023 ID: SMRC22288

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $10.42 BN

Projected Year Value (2028)

US $25.13 BN

CAGR (2022 - 2028)

15.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

 

According to Stratistics MRC, the Global Antimicrobial Coatings Market is accounted for $10.42 billion in 2022 and is expected to reach $25.13 billion by 2028 growing at a CAGR of 15.8% during the forecast period. Antimicrobial coatings are chemical agents that aid in the prevention of hazardous microorganisms on the surfaces on which they are applied, including bacteria, germs, and others. The antimicrobial coating market is driven by the widespread use of antimicrobial coatings as surface coatings for key industries, including medical for protective gloves, masks, hospital surfaces, and others. Antimicrobial coatings are, nonetheless, in high demand due to their versatility and wide range of applications in the medical, construction, electronics, and other industries.

According to Wall Street Journal, the total production volume of N95 masks in the United States was about 45 million in January 2020 and reached about 180 million till the end of 2020, witnessing an exponential growth of about 300%.



 

Market Dynamics:

Driver:

Increasing demand for antimicrobial coatings in healthcare and medical industries

The market in developed nations like the US, UK, and other regions is driven by the application of antimicrobial coating in the medical and healthcare sector. Over the past few years, antimicrobial coating has become more and more prevalent in the medical and healthcare industries globally. This may be a result of increased hygiene awareness and government initiatives to halt the spread of hospital acquired diseases (HAIs). Catheters, injections, and other medical instruments that frequently implant in the body or puncture the skin are connected, either directly or indirectly, to various HAIs. These coatings, which help prevent microbial growth, are widely used in the healthcare and medical sectors.

Restraint:

High cost and lack of skilled labour

Antimicrobial coatings cost more than regular coatings. Other conventional coatings cannot serve the same purpose as these coatings do because they are regularly used to protect surfaces and people from harmful microorganisms. It is well known that in underdeveloped countries, tastes differ mostly based on a product's price. The primary problems preventing market expansion in emerging countries are lesser purchasing power, inadequate comprehension, and lower per capita income.

Opportunity:

Increased utilization in innovative applications

Several industries, including electronic products, protective clothing, and consumer goods, have seen a major surge in the need for antimicrobial coating as a result of the COVID-19 epidemic. Recently, a number of companies, including Droom, ZAGG Inc., and others, have made the initiative to cover their products with antimicrobial coatings. A start-up out of IIT Madras started making fabrics with antimicrobial coatings to protect against several diseases.

Threat:

Nanoparticle toxicity is a source of concern

Concerns have been expressed concerning the moulded nanoparticles' possible use, particularly in the medical and healthcare sectors, due to their potentially dangerous characteristics. Metal nanoparticles have a different biological activity and poisonousness than their aggregate form. Since breathing in copper and silver coatings encourages skin disease, prolonged contact to these materials may be hazardous to human health. A potential strategy for reducing the toxicity of these particles is the biological synthesis of metal nanoparticles.

Covid-19 Impact

Increasing demand for protective coatings from numerous end-use sectors throughout the world is driving the growth of the antimicrobial coatings market in the midst of the coronavirus epidemic. The rising demand and supply for pharmaceuticals, sanitizers, disinfectants, and other hygiene goods are caused by the coronavirus breakdown's expanding geographic reach. The global industry is being driven by producers in the antimicrobial coatings market who consistently work to meet the soaring demand from the healthcare and pharmaceutical industries. Microorganisms like parasites, germs, and bacteria are becoming more prevalent in both household and commercial settings. Surfaces are safeguarded against these hazardous germs with antimicrobial coatings. Consumers' growing knowledge of the characteristics and advantages of antimicrobial coatings is also helping the global market expand. The market is expanding in part because to the leading companies' booming R&D efforts in antibacterial coatings.

The silver segment is expected to be the largest during the forecast period

The silver segment is estimated to have a lucrative growth, due to its low toxicity and persistent antibacterial effect against Gram-positive and Gram-negative bacteria, fungi, protozoa, and some viruses, silver antimicrobial coatings are frequently utilised. Many researchers are now more interested in silver (Ag) than other substances having antibacterial properties. The oxidised form of Ag (Ag+), whose concentration is between 10 and 10 M, is associated with Ag's antibacterial capabilities.

The medical & healthcare segment is expected to have the highest CAGR during the forecast period

The medical & healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing demand for healthcare facilities and the growing number of hospitals, there is a need for high-tech tools and equipment, which will boost product demand. Over the course of the projection period, industry growth will be aided by the increased demand for antimicrobial coatings on catheters, implantable devices, and surgical equipment since they are biocompatible, non-toxic, and biostable. The availability of major manufacturers of medical equipment, such as GE Healthcare Technologies, Johnson & Johnson, Baxter International Inc., and Stryker Corp., is likely to increase the manufacturing of medical devices with antimicrobial coatings.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to rising demand for non-residential construction projects including hospitals, schools, and colleges over the projected period, the North American construction industry is anticipated to experience significant expansion. The market for antimicrobial coatings in construction applications is projected to be fuelled by the expanding population, which is anticipated to further increase development of office buildings, industrial facilities, schools, and colleges. As a result of the COVID-19 pandemic's effects on cross-border trade among the economies, the antimicrobial coatings industry in North America is predicted to grow slowly.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the expansion of the healthcare infrastructure, increased food recalls due to microbial contamination, rising healthcare-associated illness burden in developing nations, and rising transport-associated infection rates are the key causes of this region's rise. The development of the Asia Pacific antimicrobial coatings market is also supported by expanding university activities and increased government funding for technological developments in the antimicrobial coating.



Key players in the market

Some of the key players profiled in the Antimicrobial Coatings Market include Diamond Vogel, AkzoNobel N.V., Lonza, AK Steel Corp., DuPont, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, The Sherwin-Williams Company, Burke Industrial Coatings, Troy Corporation, RPM International Inc., Koninklijke DSM N.V., PPG Industries, Inc., BASF SE, Dow Microbial Control, Royal DSM N.V., Sherwin-Williams Company and Sono-Tek Corporation.

Key Developments:

In December 2020, Nippe Home Products Co. Ltd. started selling the Protection Interior Wall VK-200 for DIY, an anti-viral and anti-bacterial water-based paint for indoor use.

In May 2020, PPG Industries launched a quick-ship program for PPG SILVERSAN antibacterial powder coating, formulated specially with silver ionic technology.

In May 2020, AkzoNobel re-launched the Interpon D1000 and 2000 architectural powder coatings with additional microbial properties in the COVID-19 pandemic.

Types Covered:
• Copper
• Silver
• Titanium Dioxide
• Ploymer
• Chitosan
• Aluminum
• Zinc
• Gallium
• Other Types

Surface Modifications Covered:
• Pseudomonas
• E. Coli
• Listeria

Forms Covered:
• Powder
• Aerosol
• Liquid
• Other Forms

Materials Covered:
• Polycationic Hydrogel
• Silver Nanoparticles
• Graphene Materials
• Dendrimers
• Polymer Brushes
• Other Materials

Resin Types Covered:
• Polycationic Polyurethane
• Acrylic
• Epoxy
• Polyester
• Other Resin Types

Applications Covered:
• Building & Construction
• Medical & Healthcare
• Protective Clothing
• Transportation Automotive
• Heating, ventilation, and air conditioning (HVAC) System
• Sanitary Facilities & Kitchen
• Food Processing & Packaging
• Antimicrobial Textiles
• Mold Remediation
• Machinery and Equipment
• Automotive OEM and Component
• Electronics
• Water Treatment
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Antimicrobial Coatings Market, By Type
5.1 Introduction
5.2 Copper
5.3 Silver
5.4 Titanium Dioxide
5.5 Ploymer
5.6 Chitosan
5.7 Aluminum
5.8 Zinc
5.9 Gallium
5.10 Other Types

6 Global Antimicrobial Coatings Market, By Surface Modifications
6.1 Introduction
6.2 Pseudomonas
6.3 E. Coli
6.4 Listeria

7 Global Antimicrobial Coatings Market, By Form
7.1 Introduction
7.2 Powder
7.3 Aerosol
7.4 Liquid
7.4.1 Solvent Borne Coatings
7.4.2 Water Borne Coatings
7.5 Other Forms

8 Global Antimicrobial Coatings Market, By Material
8.1 Introduction
8.2 Polycationic Hydrogel
8.3 Silver Nanoparticles
8.4 Graphene Materials
8.5 Dendrimers
8.6 Polymer Brushes
8.7 Other Materials

9 Global Antimicrobial Coatings Market, By Resin Type
9.1 Introduction
9.2 Polyurethane
9.3 Acrylic
9.4 Epoxy
9.5 Polyester
9.6 Other Resin Types

10 Global Antimicrobial Coatings Market, By Application
10.1 Introduction
10.2 Building & Construction
10.3 Medical & Healthcare
10.4 Protective Clothing
10.5 Transportation Automotive
10.6 Heating, ventilation, and air conditioning (HVAC) System
10.7 Sanitary Facilities & Kitchen
10.8 Food Processing & Packaging
10.9 Antimicrobial Textiles
10.10 Mold Remediation
10.11 Machinery and Equipment
10.12 Automotive OEM and Component
10.13 Electronics
10.14 Water Treatment
10.15 Other Applications

11 Global Antimicrobial Coatings Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Diamond Vogel
13.2 AkzoNobel N.V.
13.3 Lonza
13.4 AK Steel Corp.
13.5 DuPont
13.6 Nippon Paint Holdings Co., Ltd.
13.7 Axalta Coating Systems
13.8 The Sherwin-Williams Company
13.9 Burke Industrial Coatings
13.10 Troy Corporation
13.11 RPM International Inc.
13.12 Koninklijke DSM N.V.
13.13 PPG Industries, Inc.
13.14 BASF SE
13.15 Dow Microbial Control
13.16 Royal DSM N.V.
13.17 Sherwin-Williams Company
13.18 Sono-Tek Corporation

List of Tables
1 Global Antimicrobial Coatings Market Outlook, By Region (2020-2028) ($MN)
2 Global Antimicrobial Coatings Market Outlook, By Type (2020-2028) ($MN)
3 Global Antimicrobial Coatings Market Outlook, By Copper (2020-2028) ($MN)
4 Global Antimicrobial Coatings Market Outlook, By Silver (2020-2028) ($MN)
5 Global Antimicrobial Coatings Market Outlook, By Titanium Dioxide (2020-2028) ($MN)
6 Global Antimicrobial Coatings Market Outlook, By Ploymer (2020-2028) ($MN)
7 Global Antimicrobial Coatings Market Outlook, By Chitosan (2020-2028) ($MN)
8 Global Antimicrobial Coatings Market Outlook, By Aluminum (2020-2028) ($MN)
9 Global Antimicrobial Coatings Market Outlook, By Zinc (2020-2028) ($MN)
10 Global Antimicrobial Coatings Market Outlook, By Gallium (2020-2028) ($MN)
11 Global Antimicrobial Coatings Market Outlook, By Other Types (2020-2028) ($MN)
12 Global Antimicrobial Coatings Market Outlook, By Surface Modifications (2020-2028) ($MN)
13 Global Antimicrobial Coatings Market Outlook, By Pseudomonas (2020-2028) ($MN)
14 Global Antimicrobial Coatings Market Outlook, By E. Coli (2020-2028) ($MN)
15 Global Antimicrobial Coatings Market Outlook, By Listeria (2020-2028) ($MN)
16 Global Antimicrobial Coatings Market Outlook, By Form (2020-2028) ($MN)
17 Global Antimicrobial Coatings Market Outlook, By Powder (2020-2028) ($MN)
18 Global Antimicrobial Coatings Market Outlook, By Aerosol (2020-2028) ($MN)
19 Global Antimicrobial Coatings Market Outlook, By Liquid (2020-2028) ($MN)
20 Global Antimicrobial Coatings Market Outlook, By Solvent Borne Coatings (2020-2028) ($MN)
21 Global Antimicrobial Coatings Market Outlook, By Water Borne Coatings (2020-2028) ($MN)
22 Global Antimicrobial Coatings Market Outlook, By Other Forms (2020-2028) ($MN)
23 Global Antimicrobial Coatings Market Outlook, By Material (2020-2028) ($MN)
24 Global Antimicrobial Coatings Market Outlook, By Polycationic Hydrogel (2020-2028) ($MN)
25 Global Antimicrobial Coatings Market Outlook, By Silver Nanoparticles (2020-2028) ($MN)
26 Global Antimicrobial Coatings Market Outlook, By Graphene Materials (2020-2028) ($MN)
27 Global Antimicrobial Coatings Market Outlook, By Dendrimers (2020-2028) ($MN)
28 Global Antimicrobial Coatings Market Outlook, By Polymer Brushes (2020-2028) ($MN)
29 Global Antimicrobial Coatings Market Outlook, By Other Materials (2020-2028) ($MN)
30 Global Antimicrobial Coatings Market Outlook, By Resin Type (2020-2028) ($MN)
31 Global Antimicrobial Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
32 Global Antimicrobial Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
33 Global Antimicrobial Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
34 Global Antimicrobial Coatings Market Outlook, By Polyester (2020-2028) ($MN)
35 Global Antimicrobial Coatings Market Outlook, By Other Resin Types (2020-2028) ($MN)
36 Global Antimicrobial Coatings Market Outlook, By Application (2020-2028) ($MN)
37 Global Antimicrobial Coatings Market Outlook, By Building & Construction (2020-2028) ($MN)
38 Global Antimicrobial Coatings Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
39 Global Antimicrobial Coatings Market Outlook, By Protective Clothing (2020-2028) ($MN)
40 Global Antimicrobial Coatings Market Outlook, By Transportation Automotive (2020-2028) ($MN)
41 Global Antimicrobial Coatings Market Outlook, By Heating, ventilation, and air conditioning (HVAC) System (2020-2028) ($MN)
42 Global Antimicrobial Coatings Market Outlook, By Sanitary Facilities & Kitchen (2020-2028) ($MN)
43 Global Antimicrobial Coatings Market Outlook, By Food Processing & Packaging (2020-2028) ($MN)
44 Global Antimicrobial Coatings Market Outlook, By Antimicrobial Textiles (2020-2028) ($MN)
45 Global Antimicrobial Coatings Market Outlook, By Mold Remediation (2020-2028) ($MN)
46 Global Antimicrobial Coatings Market Outlook, By Machinery and Equipment (2020-2028) ($MN)
47 Global Antimicrobial Coatings Market Outlook, By Automotive OEM and Component (2020-2028) ($MN)
48 Global Antimicrobial Coatings Market Outlook, By Electronics (2020-2028) ($MN)
49 Global Antimicrobial Coatings Market Outlook, By Water Treatment (2020-2028) ($MN)
50 Global Antimicrobial Coatings Market Outlook, By Other Applications (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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