Global Antimicrobial Coatings Market

Global Antimicrobial Coatings Market Size More Than Doubles to Touch USD 9.5 Billion by 2029

Published | 08 February 2023

The global antimicrobial coatings market is gaining traction because of the growing demand for heating, ventilation, and air conditioning to improve indoor air quality and growing awareness on the availability of antimicrobial coatings.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global antimicrobial coatings market size at USD 4.5 billion in 2022. During the forecast period between 2023 and 2029, the global antimicrobial coatings market size is projected to grow at an impressive CAGR of 11.34% reaching a value of USD 9.49 billion by 2029. Expanding demand from the healthcare and medical sectors as a result of the increased incidence of cross-contamination and hospital-acquired diseases is one of the major driving reasons for the global antimicrobial coatings market. The usage of antimicrobial coatings in a variety of medical equipment, such as medical instruments and trays, gloves, catheters, surgical tools, and woven and non-woven hospital textiles, is boosting the demand for the antimicrobial coatings in the medical and pharmaceutical industries.

Global Antimicrobial Coatings Market – Overview

An antimicrobial coating is the application of a chemical substance to a surface that can prevent the growth of microorganisms that cause disease. Chemicals are used in antimicrobial coatings to prevent pathogen development by disrupting cellular membranes. These are robust coatings that can keep functioning even after repeated exposure to water and washing. Medical equipment, instruments, and surfaces all have antimicrobial coatings to stop the transmission of illnesses. Silver ions are a component of antimicrobial coatings, which have long been employed to stop the development of bacteria and "inactivate" them.

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Global Antimicrobial Coatings Market – By End User

Based on end user, the global antimicrobial coatings market is segmented into pharmaceutical industry, paint and coating industry, packaging industry, textiles industry, and others. The pharmaceutical industry accounts for the highest share of the market. The possibility of microbial contamination poses a severe danger to the pharmaceutical sector. For this reason, a lot of businesses in this sector often apply antimicrobial coatings to their custom containers, which might range from stainless steel baskets to parts holding trays. The paint and coatings industry also covers a substantial market share. Antimicrobial paint additives that have been scientifically shown to offer durable protection against hazardous bacteria, mold, and fungus, eventually assist paint or coating in minimizing discoloration, unpleasant odors, and material deterioration on whatever surface it is applied to.

Impact of COVID-19 on the Global Antimicrobial Coatings Market

The global antimicrobial coatings market proliferated significantly post the COVID-19 pandemic outbreak. Antimicrobial coatings emerged as an effective solution to prevent the spread of the COVID-19 infection, which resulted in a spike in its demand from healthcare and medical facilities. Furthermore, the use of coatings also gained traction in the public transport sector to reduce the spread of SARS-CoV-2. When used in combination with routine cleaning, many commercially available antimicrobial agents are applied to the surfaces of public transportation vehicles to provide long-lasting antimicrobial action. These coatings are an additional disinfection method that is propelling the growth of the global antimicrobial coatings market.

Competitive Landscape

Major players operating in the global antimicrobial coatings market include Axalta Coating Systems, LLC, Akzo Nobel N.V., PPG Industries, Inc., DSM, The Sherwin-Williams Company, Arxada AG, Microban International, Fiberlock, Burke Industrial Coatings, Aereus Technologies, Linetec, Katilac Coatings, Nano Care Deutschland AG, SANITIZED AG, Dow, Specialty Coating Systems Inc., DuPont, Flowcrete, and GBneuhaus GmbH. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Antimicrobial Coatings Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Antimicrobial Coatings Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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