The global Antimicrobial Coatings Market is forecast to reach USD 6.54 Billion by 2027, according to a new report by Reports and Data. An increase in incidence for infection and a rise in demand for treatment for microbes to reduce the spread will propel the demand of the market. This type of coating limits the growth of microns and can be used in several sectors, such as food, construction, and healthcare industries. The coat can be used on glass panels, doors, walls, counters, and HVAC tents. Furthermore, the antimicrobial coatings are sprayed on textiles, masks, carpeting, and gloves. An increase in the demand for high-quality coatings against pathogens is also expected to drive the market.
Antimicrobial Coatings Market Size – USD 3.11 billion in 2019, Growth – CAGR of 10.8%, Trends –Increase in incidence of infectious diseases.
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The COVID-19 impact: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Antimicrobial Coatings Market is expected to rise in the coming years.
Further key findings from the report suggest
- The antimicrobial powder coatings are expected to grow with a high CAGR due to the stringent regulations in the foodservice industry. A rise in the prevalence of bacterial infection coupled with cross-contamination of ingredients, will drive the demand. The antimicrobial coating is useful against spores, viruses, and bacteria. Moreover, their compatibility with surfaces such as containers, plastics, metals, and walls will boost the market share.
- Antimicrobial coatings are used in several end-use industries, and air conditioning and ventilation systems are among them. The antimicrobial is used in vents, mechanicals, and related surfaces. With an increase in public attention for odor-causing mold and mildew, bacteria, users are finding unique ways to address the concern.
- North America is forecasted to hold a large market share in the year 2027. The region is the fastest-growing sector due to technological advancements, continuous research, and development. Similarly, Europe, due to the increased awareness about hygiene, has been growing at a CAGR of 10.9%. Large investments for research and development have been put to use in the above-mentioned regions.
- Key participants include AkzoNobel N.V., BASF SE, Diamond Vogel, Axalta Coating Systems, Nippon Paint Company Ltd., PPG Industries Inc., Royal DSM, RPM International Inc., DuPont, and The Sherwin-Williams Company, among others.
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Type Outlook (Revenue, USD Billion; 2017-2027)
- Antimicrobial powder coatings
- Silver
- Copper
- Others
- Surface modifications and coatings
- Coli
- Listeria
- Pseudomonas
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Sanitary Facilities and Kitchen
- Air Conditioning and Ventilation Systems
- Food Processing and Packaging
- Antimicrobial Textile market
- Mold Remediation
- Construction
- Others
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Antimicrobial Coatings Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Antimicrobial Coatings Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Antimicrobial Coatings Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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