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Global Antimicrobial Coatings Market- Description
Antimicrobial coatings are generally referred to as types of surface coverings containing an active ingredient which makes them resilient against fungal and bacterial growth. These coatings work at a cellular level and create inhospitable environment for microorganisms preventing their growth on surfaces. The coatings can be of liquid, solvent or powdered texture. The unwanted amplification of microorganisms on various surfaces primarily leads to staining, bad odors, and ultimately premature product degradation. Apart from that it also results in various health issues including fungal infections. This has necessitated the use of antimicrobial coatings across several applications.
Source: WMR
Global Antimicrobial Coatings market- Overview
Global antimicrobial coatings market was worth USD 3,900 million in 2022, and is anticipated to expand at a CAGR of 10.5% over the forecast period of 2023-2033, thereby accumulating USD 8,080 million by the end of the analysis timeline.
The factors primarily driving Antimicrobial Coatings market growth is rising awareness about safety and hygiene, surging adoption of antimicrobial coatings across various applications, and rigid regulations associated with the maintenance of indoor air quality. Apart from that, new product developments in the field and escalating demand from medical & healthcare sector are further adding traction to industry progression. On the contrary, high costs associated with these products, dearth of skilled labor for the application of antimicrobial coatings, and increasing concerns pertaining to the toxicity of nanoparticles are likely to impede Antimicrobial Coatings development over the forecast timeline.
Source: WMR
Global Antimicrobial Coatings Market- Key trends
Surging demand from medical & healthcare sector is positively swaying Antimicrobial Coatings Market dynamics
There has been an escalated demand for antimicrobial coatings from the medical & healthcare industry. This is primarily credited to the rising cognizance and government initiatives to curb the spread of HAIs as they are the major cause of morbidity and deaths at healthcare facilities. As per the data released by Office of Disease Prevention and Health Promotion, HAIs infects above 1.7 million of patients in the US every year causing nearly 100,000 deaths. These infections are mostly associated with the use of medical devices during treatment procedures. Therefore, the application of antimicrobial coatings can curb bacterial or fungal infestation in medical devices and other surfaces, which in turn is creating lucrative growth avenues for the overall Antimicrobial Coatings market.
Increasing use of antimicrobial coatings in novel applications are boosting Antimicrobial Coatings market progression
There has been a prompt increase in the adoption of antimicrobial applications in cases of novel disease outbreaks, for instance COVID 19. The recent pandemic outbreak has surged the demand for the use of antimicrobial coatings in consumer goods, electronic products, or protective clothing in order to limit virus spread and maintain hygiene. Various manufacturers across the globe are developing innovative antimicrobial products to cater to growing consumer needs.
Global Antimicrobial Coatings Market- Segment Analysis
By Type
Metallic
o Silver
o Copper
o Others
Non Metallic
o Polymeric
o Organic
o Others
The silver segment is anticipated to capture substantial Antimicrobial Coatings market share over the forecast duration. This is attributable to the benefits offered by silver antimicrobial coatings such as durability and high efficacy. Also, these coatings are less toxic in nature. Alongside, increasing demand from food & beverage, medical & healthcare, and other industrial applications is also contributing to Antimicrobial Coatings market growth.
Source: WMR
By Product
Antimicrobial Powder Coatings
Surface Modification & Coatings
E. Coli
Listeria
Pseudomonas
Others
By Application
Medical & Healthcare
Food & Beverages
Healthcare & Pharmaceuticals
Home Appliances
Building & Construction
Protective Clothing & Textiles
HVAC System
Transportation
Others
Among these, the medical & healthcare segment is expected to progress rapidly over the estimated timeline. This is ascribed to rising concerns about HAIs and the outbreak of the COVID-19 pandemic which has increased the adoption of antimicrobial coatings market to curb the spread of these infections.
Global Antimicrobial Coatings Market- Regional Analysis
Speaking of the geographical landscape, major geographies defining global antimicrobial coatings market scope and size are North America, Europe, Asia Pacific, South America, and Middle East & Africa. Among these, North America market is projected to record notable expansion over the forecast period owing to rising number of patients infected with COVID 19 and favorable investments aimed at healthcare infrastructure development. Furthermore, rigid regulations pertaining to indoor air quality is adding momentum to the regional Antimicrobial Coatings market progression.
Global Antimicrobial Coatings Market- Competitive Landscape
With respect to competitive frame of reference, Akzo Nobel N.V., BASF SE, Axalta Coating Systems, Diamond Vogel, Nippon Paint Company, Ltd., PPG Industries Coatings, DuPont, Koninklijke DSM N.V., RPM International, The Sherwin-Williams Company, AK Coatings, Inc., Biointeractions Ltd., Lonza Group Ltd., Covalon Technologies Ltd., Sono-Tek Corporation, Trop Corporation, Specialty Coating Systems Inc., Sciessent LLC, Mankiewicz Gebr. & Co. (GmbH & Co. KG), Hydromer, BIO-FENCE, AST Products Inc., and Others are the major players influencing Antimicrobial Coatings Market trends.
Notably, PPG Industries Inc in May 2020, introduced a quick ship program for PPG SILVERSAN antibacterial powder coating, that is formulated with silver ionic technology in the wake of the COVID 19 pandemic. Also, Azko Nobel NV in May 2020 re-launched its Interpon D1000 and 2000 architectural powder coatings containing efficient microbial properties to meet the increasing hygiene requirements to curb the spread of COVID 19 virus. Other prominent industry players are also undertaking various strategies involving new product launches, collaborations, mergers, acquisitions, just to name a few to expand their reach and generate substantial revenues.
Global Antimicrobial Coatings Market- Report Scope
Historical Years- 2020-2021
Forecast Years- 2023-2033
Global Antimicrobial Coatings Market 2022- USD 3,900 million
Global Antimicrobial Coatings Projected Market 2030- USD 8,080 million
Global Antimicrobial Coatings Market CAGR- 10.5%
Key segments covered-
By Type (silver, copper, titanium dioxide, and others)
By Application (medical & healthcare, food & beverage, building & construction, HVAC system, protective clothing, transportation, and others)
Key regions reported North America, Europe, Asia Pacific, Middle East & Africa, South America
Major players profiled- Akzo Nobel N.V., BASF SE, Axalta Coating Systems, Diamond Vogel, Nippon Paint Company, Ltd., PPG Industries Coatings, DuPont, Koninklijke DSM N.V., RPM International, The Sherwin-Williams Company, AK Coatings, Inc., Biointeractions Ltd., Lonza Group Ltd., Covalon Technologies Ltd., Sono-Tek Corporation, Trop Corporation, Specialty Coating Systems Inc., Sciessent LLC, Mankiewicz Gebr. & Co. (GmbH & Co. KG), Hydromer, BIO-FENCE, AST Products Inc., and Others
1. Global Antimicrobial Coatings Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Antimicrobial Coatings Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million) & Volume (Kilo tons)
1.4. Global Antimicrobial Coatings Market Scope and Market Estimation
1.4.1. Global Antimicrobial Coatings Overall Market Size (US$ Million) & (Kilo tons), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Antimicrobial Coatings Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Antimicrobial Coatings Market Segmentation
1.5.1. Type of Global Antimicrobial Coatings Market
1.5.2. Product of Global Antimicrobial Coatings Market
1.5.3. Application of Global Antimicrobial Coatings Market
1.5.4. Key Regions of Global Antimicrobial Coatings Market
2. Global Antimicrobial Coatings Market - Executive Summary
2.1. Global Antimicrobial Coatings Market Summary & Snapshot
2.2. Global Antimicrobial Coatings Market, By Type (US$ Million) & (Kilo tons)
2.3. Global Antimicrobial Coatings Market, By Product (US$ Million) & (Kilo tons)
2.4. Global Antimicrobial Coatings Market, By Application (US$ Million) & (Kilo tons)
2.5. Global Antimicrobial Coatings Market, By Geography (US$ Million) & (Kilo tons)
2.6. Global Antimicrobial Coatings Market Outlook & Future Opportunities
3. Antimicrobial Coatings Market Trends, Outlook, and Factors Analysis
3.1. Global Antimicrobial Coatings Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Antimicrobial Coatings Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Rising demand in HVAC systems.
3.2.1.2. Growing demand from the food and beverage industry
3.2.1.3. Increasing demand of antimicrobial coatings in medical devices application.
3.2.1.4. Rising concerns towards cleanliness.
3.2.2. Restraints
3.2.2.1. Excessive cost of product and lack of skilled labors
3.2.3. Opportunities
3.2.3.1. Increasing adoption in novel applications
3.2.3.2. Growing demand for germ resistant durable goods.
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Antimicrobial Coatings Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Antimicrobial Coatings Market
3.9.1. By Type
3.9.2. By Product
3.9.3. By Application
3.9.4. By Regions
4. Global Antimicrobial Coatings Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Antimicrobial Coatings Market, 2020 2021 (US$ Million) & (Kilo tons)
4.2. Global Antimicrobial Coatings Market, By Type, 2020 to 2021 (US$ Million) & (Kilo tons)
4.3. Global Antimicrobial Coatings Market, By Product, 2020 to 2021 (US$ Million) & (Kilo tons)
4.4. Global Antimicrobial Coatings Market, By Application, 2020 to 2021 (US$ Million) & (Kilo tons)
4.5. Global Antimicrobial Coatings Market, By Region, 2020 to 2021 (US$ Million) & (Kilo tons)
5. Global Antimicrobial Coatings Market Estimates & Forecast Trend Analysis, by Type
5.1. Global Antimicrobial Coatings Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global Antimicrobial Coatings Market (US$ Million) & (Kilo tons) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Metallic
5.2.1.1. Silver
5.2.1.2. Copper
5.2.1.3. Others
5.2.2. Non-Metallic
5.2.2.1. Polymeric
5.2.2.2. Organic
5.2.2.3. Others
6. Global Antimicrobial Coatings Market Estimates & Forecast Trend Analysis, by Product
6.1. Global Antimicrobial Coatings Market Share (%) Estimates and Forecasts, by Product, 2022 & 2033
6.2. Global Antimicrobial Coatings Market (US$ Million) & (Kilo tons) Estimates and Forecasts, by Product, 2022 to 2033
6.2.1. Antimicrobial Powder Coatings
6.2.2. Surface Modifications & Coatings
6.2.2.1. E. Coli
6.2.2.2. Listeria
6.2.2.3. Pseudomonas
6.2.2.4. Others
Global Antimicrobial Coatings Market Estimates & Forecast Trend Analysis, by Application
6.3. Global Antimicrobial Coatings Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
6.4. Global Antimicrobial Coatings Market (US$ Million) & (Kilo tons) Estimates and Forecasts, by Application, 2022 to 2033
6.4.1. Medical & Healthcare
6.4.2. Food & Beverages
6.4.3. Healthcare & Pharmaceuticals
6.4.4. Home Appliances
6.4.5. Building & Construction
6.4.6. Protective Clothing & Textiles
6.4.7. HVAC System
6.4.8. Transportation
6.4.9. Others
7. Global Antimicrobial Coatings Market Analysis and Forecast, by Region
7.1. Global Antimicrobial Coatings Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
7.2. Global Antimicrobial Coatings Market (US$ Million) & (Kilo tons) Estimates and Forecasts, by Region, 2022 to 2033
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East and Africa
7.2.5. Latin America
8. North America Antimicrobial Coatings Market: Estimates & Forecast Trend Analysis
8.1. North America Antimicrobial Coatings Market Assessments & Key Findings
8.2. North America Antimicrobial Coatings Market Share (%) Estimates and Forecasts, 2022 & 2033
8.3. North America Antimicrobial Coatings Market Size Estimates and Forecast (US$ Million) & (Kilo tons) (2022 to 2033)
8.3.1. By Type
8.3.2. By Product
8.3.3. By Application
8.3.4. By Major Country
8.3.4.1. The U.S.
8.3.4.2. Canada
9. Europe Antimicrobial Coatings Market: Estimates & Forecast Trend Analysis
9.1. Europe Antimicrobial Coatings Market Assessments & Key Findings
9.2. Europe Antimicrobial Coatings Market Share (%) Estimates and Forecasts, 2022 & 2033
9.3. Europe Antimicrobial Coatings Market Size Estimates and Forecast (US$ Million) & (Kilo tons) (2022 to 2033)
9.3.1. By Type
9.3.2. By Product
9.3.3. By Application
9.3.4. By Major Country
9.3.4.1. Germany
9.3.4.2. The U.K.
9.3.4.3. France
9.3.4.4. Italy
9.3.4.5. Spain
9.3.4.6. Rest of Europe (includes all other European countries)
10. Asia Pacific Antimicrobial Coatings Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Antimicrobial Coatings Market Assessments & Key Findings
10.2. Asia Pacific Antimicrobial Coatings Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Asia Pacific Antimicrobial Coatings Market Size Estimates and Forecast (US$ Million) & (Kilo tons) (2022 to 2033)
10.3.1. By Type
10.3.2. By Product
10.3.3. By Application
10.3.4. By Major Country
10.3.4.1. China
10.3.4.2. Japan
10.3.4.3. India
10.3.4.4. ASEAN
10.3.4.5. South Korea
10.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
11. Middle East & Africa Antimicrobial Coatings Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Antimicrobial Coatings Market Assessments & Key Findings
11.2. Middle East & Africa Antimicrobial Coatings Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Middle East & Africa Antimicrobial Coatings Market Size Estimates and Forecast (US$ Million) & (Kilo tons) (2022 to 2033)
11.3.1. By Type
11.3.2. By Product
11.3.3. By Application
11.3.4. By Major Country
11.3.4.1. GCC
11.3.4.2. South Africa
11.3.4.3. Egypt
11.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
12. Latin America Antimicrobial Coatings Market: Estimates & Forecast Trend Analysis
12.1. Latin America Market Assessments & Key Findings
12.2. Latin America Antimicrobial Coatings Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Latin America Antimicrobial Coatings Market Size Estimates and Forecast (US$ Million) & (Kilo tons) (2022 to 2033)
12.3.1. By Type
12.3.2. By Product
12.3.3. By Application
12.3.4. By Major Country
12.3.4.1. Brazil
12.3.4.2. Mexico
12.3.4.3. Rest of Latin America (includes all other Latin America countries)
13. Competitive Landscape
13.1. Market Revenue Share Analysis (%), by Major Players (2021)
13.2. Market Competition Matrix, by Leading Players
13.3. List of Emerging, Prominent and Leading Players
13.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
14. Company Profiles
14.1. Akzo Nobel N.V.
14.1.1. Company Overview & Insights
14.1.2. Financial PerTypeance
14.1.3. Product / Service Portfolio
14.1.4. Geographical Footprint & Share
14.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
14.2. BASF SE
14.3. Axalta Coating Systems
14.4. Diamond Vogel
14.5. Nippon Paint Company Ltd
14.6. PPG Industries Coatings
14.7. DuPont
14.8. Koninklijke DSM N.V.
14.9. RPM international
14.10. The Sherwin-Williams Company.
14.11. AK Coatings, Inc.
14.12. Biointeractions Ltd.
14.13. PPG Industries Inc.
14.14. Lonza Group Ltd.
14.15. Covalon Technologies Ltd.
14.16. Sherwin Williams Company
14.17. Sono-Tek Corporation
14.18. Trop Corporation
14.19. Lonza
14.20. Specialty Coating Systems Inc.
14.21. Sciessent LLC
14.22. Mankiewicz Gebr. & Co. (GmbH & Co. KG)
14.23. Hydromer
14.24. BIO-FENCE
14.25. AST Products Inc.
14.26. Others
15. Assumptions and Research Methodology
15.1. Data Mining
15.2. Secondary Research
15.3. Primary Research
15.4. Subject Matter Expert Advice
15.5. Quality Check
15.6. Final Review
15.7. Data Triangulation
15.8. Bottom-Up Approach
15.9. Top Down Approach
15.10. Research Flow
15.11. Key Insights from Industry Experts
15.12. Data Products
15.13. Assumptions
15.14. Limitations
16. Conclusions and Recommendations
16.1. Key Research Findings and Conclusion
16.2. Key Insights & Recommendations from Analysts