Antimicrobial Coatings Market Research Report: By Product (Powder, Surface Modifiers), Application (Medical & Healthcare, Food & Beverage, Building & Construction, HVAC System, Protective Clothing, Transportation) - Global Industry Analysis and Growth Forecast to 2030

Market Overview

The global antimicrobial coatings market generated revenue of around $3.6 billion in 2020. The major factors responsible for the growth of the market are the rising awareness about safety and hygiene and stringent regulations implemented in this regard in the present scenario and the increasing adoption of antimicrobial coatings for several industrial applications. Moreover, doctors prefer antimicrobial coatings over disinfectants and powerful cleaning agents, as the former help in curbing the spread of germs by preventing them from sticking to the surface of medical devices.

During the COVID-19 pandemic, several nations have closed their borders and enforced stringent lockdowns in an attempt to curb the spread of the virus. Although the economy has been adversely affected, the demand for healthcare and related goods and services is booming with the increasing spending on keeping the public health. The major concerns over healthcare-associated infections (HAI) and the coronavirus infection during these times have caused a renewed interest in antimicrobial coatings, which, in turn, supports the growth of the antimicrobial coatings market.

Due to Ability to Modify Surface Attributes, Powder Coatings Category is Larger

The powder coatings category held the larger share in the antimicrobial coatings market in 2020, based on product. This was mainly due to the ability of powder coatings to change the properties of the surface of the material by introducing physical, chemical, and biological attributes. In addition, these coatings are less toxic, long lasting, and durable.

Due to Rising Concerns over HAIs, Medical & Healthcare is Largest Category

The medical & healthcare category held the largest share in the antimicrobial coatings market in the historical period (2015–2020), and it is expected to retain its position during the forecast period, based on application. This is mainly attributed to the rising concerns over HAIs and the need to check their spread.

Due to Government Initiatives, North America Held Largest Market Share

Geographically, North America accounted for the largest share in the market for antimicrobial coatings in 2020. This is mainly attributed to the rising number of non-residential construction projects, such as hospitals, schools, and other academic/research institutions. For instance, the Affordable Healthcare Act promotes the construction of healthcare settings in the U.S. In addition, due to the implementation of stringent hygiene regulations, companies that deal in indoor air quality, and heating, ventilation, and air conditioning (HVAC) systems are coating the interior surfaces of their products with antimicrobial agents to prevent microbial growth. This is another key factor behind the advance of the market in the continent.

Research on Different Coating Materials is a Key Trend

Industry players are focused on research and development (R&D) on antimicrobial coatings to kill different types of microbes growing on a range of surfaces. Moreover, due to the COVID-19 pandemic, most of the coating manufacturers are involved in developing products that can damage the virus’s cell structure. For instance, different types of nanoparticles have effectiveness in inactivating viruses, including coronavirus. For instance, Nerolac Excel Virus Guard is an emulsion paint developed with the Japanese Shiquy Technology that significantly reduces microbial growth. Thus, research activities have been the major trend in the antimicrobial coatings market.

Rising Concerns over HAIs Are Driving Market

According to the Office of Disease Prevention and Health Promotion, in American hospitals alone, HAIs account for an estimated 1.7 million infections and around 99,000 deaths each year. Of these infections, 32.0% are urinary tract infections, 22.0% are surgical site infections, and 14.0% are bloodstream infections. The rising concerns regarding the surging cases of HAIs are an important factor boosting the overall industry growth. Moreover, doctors prefer antimicrobial coatings over disinfectants and powerful cleaning agents, as the former products help curb the spread of germs, as these antimicrobial coatings prevent the deposition of bacterial, viral and fungal particles on the surface. Due to these factors, the market for antimicrobial coatings is significantly growing.

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Market Players are Involved in Product Launches to Gain Competitive Edge

Some of the key players in the antimicrobial coatings industry are AkzoNobel N.V., Nippon Paint Co. Ltd., PPG Industries Inc., Burke Industrial Coatings LLC, Diamond Vogel Paint Company, The Sherwin-Williams Company, Sono-Tek Corporation, and Trop Corporation.

In recent years, players in the global antimicrobial coatings industry have focused on product launches to gain a competitive edge.

• In March 2021, Pharma Paint S.R.L. unveiled an antiviral coating paint, M55, that can substantially reduce virus stabilization on various surfaces, in high traffic and high-risk environments, such as hospitals, gyms, nursing homes, houses, and public transportation vehicle doors and windows.
• In December 2020, Corning Incorporated and Nippon Paint Co. Ltd. announced the commercial launch of Nippon Paint’s first antiviral kids’ room paint in China. The paint is named Nippon Kid's Odour-Less All In One Interior Emulsion Paint-Anti Bacteria Plus (Nippon Kid’s Paint).

Key Players in Antimicrobial Coatings Industry Include:

Market Size Breakdown by Segments

The antimicrobial coatings market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.

Based on Product

• Powder
  • Silver
  • Copper
• Surface Modifiers
  • E. coli
  • Listeria
  • Pseudomonas

Based on Application

• Medical & Healthcare
• Food & Beverage
• Building & Construction
• Heating Ventilation and Air Conditioning (HVAC) System
• Protective Clothing
• Transportation

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa