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Antimicrobial Coatings Market Segmented By type such as Silver, Copper, Titanium Dioxide, Zinc, Others
According to latest research, antimicrobial coatings market is projected to grow with a CAGR of 9% - 11% for the forecast period of 2021-2031.
Demand for this product will be witnessed across all regional markets owing to the growing awareness about safety and hygiene. Increasingly stringent hygiene regulations, and growing adoption of such coatings across several other end use sectors is driving the demand for these coatings, thus leading the market for this product to prosper in the future.
Demand for antimicrobial coatings has been increasing due to key safety and hygiene benefits offered by the product. These coatings provide a lasting protection from microbes, and minimize odour, staining and degradation of surfaces on which they are applied.
The product finds widespread application in many fields such as coating electronic gadgets, packaging materials, coating surgical equipment and coating touch surfaces in hospitals to minimize spread of infections. Home décor makes use of this product range to beautify walls using paints with antimicrobial coating additives.
New developments have further boosted the demand for antimicrobial coatings. Fresh product ranges are being launched by companies with more durable and non-toxic coatings that serve dual purposes of providing protection against pathogens, as well as proving a high gloss finish to surfaces. This product is being made available as portable sublingual sprays as well ensuring that people find it easy to carry and apply the product.
Antimicrobial coatings have gained significant attention during the global pandemic times. They are being increasingly utilized in numerous end use products and objects to increase protection against microbes. People are becoming more aware and concerned about health, and hygiene of their surroundings.
Many temporary facilities are built in which all the touch surfaces such as beds, handles, medical devices coating, instruments, and protective gear were coated with such coatings to prevent spread of Healthcare Associated Infections.
All the hospitals are having their staff coming in contact with COVID patients, equipped with protective clothing coated with antimicrobials. Even after the situation stabilizes, the awareness about the importance of hygienic surroundings that has dawned upon the population will ensure that this commodity will always be in demand.
Asia Pacific region is gradually becoming the leading consumer of antimicrobial coatings across the globe. This region is projected to surpass the North American region during the forecast period, owing to increase in healthcare facilities, expanding medical sector and need to shield surroundings and equipment from pathogens.
With the rising health concerns, it is likely that rules and regulations promoting use of these coatings will be further strengthened, in countries such as India and China. This, in turn, will drive the product market in Asia Pacific during the forecast period.
The North American region currently leads the market of this product. The demand and sales for this product shall continue to rise due to stringent regulations pertaining to the indoor air quality. HVAC system manufacturers are incorporating such coatings to ensure the required air quality by inhibiting growth of mold and bacteria.
The European region invests in public transportation and maintains safety and hygiene standards in the same. To prevent infections acquired in public transport, countries in this region are investing in measures such as antimicrobial coatings that can keep infections at bay. These investments will contribute to the market growth of this product in the region.
Some of the key players operating in the global market are
Companies like Akzo Nobel re-launching Interpon D1000 and D2000 architectural powder coatings, with additional microbial properties, and PPG Industries launching a quick ship program for PPG SILVERSAN antibacterial powder coating are contributing to the robust growth in antimicrobial coatings demands.
By End Use Industry
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.