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Antimicrobial Coatings Market Size - By Type(Metallic, Non-Metallic), by Product(Antimicrobial Powder Coatings, Surface Modifications & Coatings), by Application(Medical & Healthcare, Food & Beverages, Healthcare & Pharmaceuticals, Home Appliances, Building & Construction, Protective Clothing & Textiles, HVAC System, Transportation) & Region - Forecasts 2023 -2033

  • PUBLISHED ON
  • 2024-12-04
  • NO OF PAGES
  • 267
  • CATEGORY
  • Chemicals & Materials

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.

IMG1

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.

IMG2

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.

IMG3

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. Porter’s 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

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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