Global Antimicrobial Coatings Market

Global Antimicrobial Coatings Market, By Type (Silver, Copper, Titanium Dioxide, Others), By End-User (Medical & Healthcare, Food & Beverage, Building & Construction, Protective Clothing, HVAC System, Transportation, Other Applications), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC21104
  • Available Format: PDF
  • Page: 192

Report Overview

Global antimicrobial coatings market was is gaining significant traction over the past few years because of its prominent use in the end-user industries such as healthcare, food and packaging, construction, sanitary, etc.

Global Antimicrobial Coatings Market- Industry Trends & Forecast Report 2027

Global antimicrobial coatings market was worth USD 3.3 billion in 2020 and is further projected to reach USD 6.6 billion by the year 2027, growing at a CAGR of 10.5% in the forecast period. The demand for antimicrobial coatings is gaining significant traction over the past few years because of its prominent use in the end-user industries such as healthcare, food and packaging, construction, sanitary, etc. In addition, stringent government regulations regarding safety, health, and hygiene are also driving the growth of the global antimicrobial coatings market.

Global Antimicrobial Coatings Market

Source: BlueWeave Consulting

Global Antimicrobial Coatings Market- Overview

Chemicals used in antimicrobial coatings kill microorganisms and prevent them from growing or spreading. Different types of coatings work on different microbes. For instance, antibiotics help to treat bacteria, and antifungals are used for treating fungi. As soon as a foreign substance comes into contact with the skin, a protein layer forms, which prevents microbes from growing. Antimicrobial coatings provide long-term protection from fungi. These coatings are either active or passive, depending on the mode of delivery.

Global Antimicrobial Coatings Market Forecast and Trends

Growth Drivers

Growing Application of Antimicrobial Coatings in Healthcare Industry

The healthcare industry is the largest consumer of antimicrobial coatings as it prevents pathogens from spreading and protects healthcare workers and patients from potentially dangerous microbes. The growing prevalence of infectious diseases is becoming a cause of concern across the globe. According to the European Centre for Disease Prevention and Control, it has been estimated that around 4 million people suffer from hospital-acquired infections (HAIs). As a result, antimicrobial coatings are being increasingly promoted in healthcare facilities, driving the growth of the antimicrobial coatings market over the forecast period.

Rising Health and Hygiene Awareness in Developing and Low-Income Countries

Many studies claim there is a greater risk of spreading infectious diseases in developing and low-income countries. Therefore, the government is promoting the use of antimicrobial spaces in public and private settings, such as offices and factories, in order to prevent the spread of microbes. The limited access to clean water and safe environment and infrastructure is expected to be the primary factors for the high incidence of infectious diseases. Therefore, the demand for antimicrobial coatings is expected to rise in such regions during the forecast period.

Restraints

Unavailability of Reports Suggesting Effectiveness of Antimicrobial Coatings

Following the pandemic, the demand for antimicrobial coatings increased severalfold, so a huge gap was created between supply and demand. However, experts claim that no scientific evidence or research is present that shows the effectiveness of antimicrobial coatings available in the market in killing microbes. Therefore, the widespread use of antimicrobial coatings used in offices and other public spaces may not provide safety from microbial attacks or protect people safe from diseases.

Impact of COVID-19 on Global Antimicrobial Coatings Market

The demand for antimicrobial coatings witnessed a tremendous surge after the unprecedented outbreak of the COVID-19 virus. COVID-19 is a highly contagious respiratory disease, and its initial outbreak was masked by denial of its existence, making it a global pandemic. The safety measures adopted to prevent the spread of the virus exert significance on the utilization of antimicrobial coatings, disinfectants, sanitizers, etc., to prevent community spread further. Moreover, manufacturers of antimicrobial coatings increased their production capacities by establishing new plants to meet the growing demand for these chemicals throughout the pandemic. All these factors significantly boosted the global antimicrobial coatings market during the COVID-19 period.

Global Antimicrobial Coatings Market - By Type

Based on types, the global antimicrobial coatings market is segmented into silver, copper, titanium dioxide, and others. The silver coatings segment accounts for the largest market share. The antimicrobial properties of silver are strong, and this type of silver is capable of killing bacteria, fungi, and certain viruses. Positively charged silver ions have several modes of action that target microorganisms. Because of this, silver is usually used in antimicrobial coatings. Due to its high capability of killing microorganisms, copper occupies a significant share of the antimicrobial coatings market.

Global Antimicrobial Coatings Market - By End-User

Based on end-users, the global antimicrobial coatings market is segmented into medical & healthcare, food & beverage, building & construction, protective clothing, HVAC system, transportation, and other applications. The medical & healthcare segment dominates the market due to the widespread usage of antimicrobial coated catheters, surgical devices, medical electronics, trays, and other equipment to reduce the risk of infection during medical procedures. The use of antimicrobial coatings in healthcare facilities minimizes the danger of viral transmission in public and hospital settings, which expands the market.

Global Antimicrobial Coatings Market - Regional Insights

Geographically, the global antimicrobial coatings market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounts for the largest market share because of the increasing construction activities and high investment towards the use of antimicrobial coatings in the buildings such as hospitals, schools, etc. Furthermore, high awareness towards health and hygiene and stringent government regulations regarding the use of antimicrobial coatings for ensuring the prevention of microbial spread is also propelling the growth of the antimicrobial coatings market in North America.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global antimicrobial coatings market are AK Steel Corporation, Specialty Coating Systems Inc., Akzo Nobel NV, Sono-Tek Corporation, AST Products Inc., Sciessent LLC, BASF SE, Troy Corporation, The Sherwin-Williams Company, RPM International Inc., PPG Industries Inc., Mankiewicz Gebr. & Co., Lonza, Hydromer, DuPont, DSM, Covalon Technologies Ltd, Biointeractions Ltd, BIO-FENCE, and other prominent players.

The market is highly fragmented with the presence of various global and regional industry players with regional companies having better grip and penetration in the local market. The companies significantly invest in R&D activities to engage in product approvals and launches and improve their product penetration. Furthermore, the adoption of competitive strategies like mergers, acquisitions, partnerships, collaborations, etc., is also very prominent in this market.

Recent Developments

  1. In September 2021, ZEN Graphene Solutions Ltd., a Canadian nanotechnology company, announced the Health Canada approval of ZENGuard disposable face mask with antimicrobial coatings.
  2. In August 2021, Lanxess, a German chemicals company, announced to have acquired Flavors & Fragrances, a US-based leading supplier of antimicrobial active ingredients, for about USD 1.3 billion.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type, By End-User, By Region

Key Players

AK Steel Corporation, Specialty Coating Systems Inc., Akzo Nobel NV, Sono-Tek Corporation, AST Products Inc., Sciessent LLC, BASF SE, Troy Corporation, The Sherwin-Williams Company, RPM International Inc., PPG Industries Inc., Mankiewicz Gebr. & Co., Lonza, Hydromer, DuPont, DSM, Covalon Technologies Ltd, Biointeractions Ltd, BIO-FENCE, and other prominent players.

 

By Type

  • Silver
  • Copper
  • Titanium Dioxide
  • Others

By End-User

  • Medical & Healthcare
  • Food & Beverage
  • Building & Construction
  • Protective Clothing
  • HVAC System
  • Transportation
  • Other Applications

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions:

Ans: The global antimicrobial coatings market reached USD 3.3 billion in 2020.
Ans: The major factors driving the growth of the global antimicrobial coatings market are the growing application of antimicrobial coatings in healthcare industry and rising health and hygiene awareness in developing and low-income countries.
Ans: The key players in the global antimicrobial coatings market are: AK Steel Corporation, Specialty Coating Systems Inc., Akzo Nobel NV, Sono-Tek Corporation, AST Products Inc., Sciessent LLC, BASF SE, Troy Corporation, The Sherwin-Williams Company, RPM International Inc., PPG Industries Inc., Mankiewicz Gebr. & Co., Lonza, Hydromer, DuPont, DSM, Covalon Technologies Ltd, Biointeractions Ltd, BIO-FENCE, and other prominent players.
Ans: The silver segment accounted for the largest share in the global antimicrobial coatings market.
Ans: North America has the largest share in the global antimicrobial coatings market.