psalexa

Antimicrobial Coatings Market Size, Share, Development, Growth and Demand Forecast to 2024

  • Publishing: May 2021
  • Report Code: CM10185
  • Available Format: PDF

Market Overview

Antimicrobial coatings are used for protecting surfaces from micro-organisms such as bacteria, parasites, fungi and germs. These coatings contain an antimicrobial agent that inhibits the ability of microorganisms to grow on the surface of a material. The coatings are typically applied to walls, door handles, counters, vents, many other surfaces. These can also be sprayed onto gloves, textiles, masks, and carpeting. The antimicrobial coatings market is driven by expansion of the global medical device coatings market and increasing application of coatings and additives in plastic packaging.

On the basis of product, the antimicrobial coatings market can be categorized as silver, copper, and others. Silver has the largest consumption among all these coatings. This is owing the use of silver in coatings has experienced a dramatic revival. Inorganic silver antimicrobial coating systems based on silver salts, colloidal silver, silver zeolite or ion exchange resins, complex glasses containing metal ions, and nanosilver have been in high demand in the healthcare arena.

Based on application, the global antimicrobial coatings market is fragmented into medical, indoor air quality, buildings and construction, textiles, mold remediation, cosmetics and personal care, food and beverages, and agricultural products. Indoor air quality leads the market and is also growing with the highest rate under the applications of the market, due to the fact that major cause of disease in human beings is the bad quality of indoor air.

Market Dynamics

Drivers

Some of the factors driving the growth of the antimicrobial coatings market are increasing demand of antimicrobial coatings owing to growing number of diseases and increasing market penetration for indoor air quality products.

The massive problem in the modern society is the increasing number of diseases, which are caused due to microorganisms. The growing microbial resistance against antibiotics, metal ions, and development of resistant strains has forced the coating manufacturers to seek alternative to traditional coatings. To develop new coatings with different formulations such has antibacterial and anti odor properties, the companies are following the regulatory standards defined by Environmental Protection Agency (EPA) and other environment care agencies. Hence, increasing demand of these coatings owing to growing number of diseases is forming a major driver for the antimicrobial coatings market.

Restraints

Health issues associated with the use of silver in coatings, increasing need for efficacy and product innovation for textile applications and stringent regulatory scenario are some of the factors restraining the growth of the antimicrobial coatings market to some extent. Furthermore, lack of technological awareness in developing and under developed nations as well as volatility in raw material prices are other factors that are capable of hampering the market growth.

Opportunities

Medical is the biggest end use of antimicrobial coating. These are extensively used in the catheters, medical devices, medical electronics, and trays among others. The demand for these coatings is increasing due to the rising demand from North America and Europe, where governments are creating greater awareness about these coatings in the medical industries. Governments in all the countries are focusing on the requirement of decreasing hospital acquired infections, which is a major concern in recent years. This is expected to act a lucrative opportunity for the antimicrobial coatings market.

Insights by geography

North America is leading the antimicrobial coatings market and is expected to be the fastest growing market in the coming years. The major reasons for the fastest growth in the region are increasing healthcare expenditure and high standards of living of the consumers in the region. Additionally, the market is growing due to increase of these coatings applications such as construction, medical and food in the emerging countries such as India and China of Asia-Pacific region.

Competitive Landscape

Some of the major players operating in the global antimicrobial coatings market are DowDuPont Inc., BASF SE, Nippon Paint Company Ltd., AkzoNobel N.V., The Sherwin-Williams Company, PPG Industries Inc., RPM International Inc., Diamond Vogel Paint Company, Koninklijke DSM N.V., and AK Coatings Inc.

Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws