USD 9.8 billion
Antimicrobial Coatings Market Size, Share, Growth Analysis, By Type(Silver, Copper, Titanium Dioxide, Others), By Application(Medical and healthcare, Food and Beverage, Building Construction, Protective Clothing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2467 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|Tables:
59
|Figures:
75
Antimicrobial Coatings Market Insights
Global Antimicrobial Coatings Market size was valued at USD 4.12 Billion in 2022 and is poised to grow from USD 4.51 Billion in 2023 to USD 9.25 Billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
Antimicrobial coating refers to a chemical substance that inhibits the growth of mold, bacteria, or microbes on the surface of any object. Growing emphasis on hygiene and cleanliness around the world is projected to primarily drive the demand for antimicrobial coatings over the coming years. High investments in development of novel coating technologies and advancements in the same are also projected to create new opportunities for antimicrobial coatings companies going forward. Moreover, the high emphasis on hygiene in other industry verticals such as food & beverages, consumer electronics, and consumer goods are also offering new business opportunities for market players around the world. Developed countries are estimated to spearhead the demand for antimicrobial coatings on a global level. However, antimicrobial resistance, long-term durability concerns, and toxic environmental impact are key constraints that impede antimicrobial coatings market development potential.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Silver
Fastest Growth
Silver
Growth Rate
13.9% CAGR
Global Antimicrobial Coatings Market ($ Bn)
Country Share for North America Region (%)
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Antimicrobial Coatings Market Segmental Analysis
Antimicrobial coatings market is segmented based on type, application, and region. Based on type, the market is segmented into silver, copper, titanium dioxide, and others. Based on application, the market is segmented into medical and healthcare, food and beverage, HVAC systems, building construction, protective clothing, transportation, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
High efficacy of silver against microbes allows it to emerge as the dominant segment in the global market. Silver ions block the respiratory system of microbes or bacteria resulting in loss of energy production for them an and this is what drives its preference in the global antimicrobial coatings market. The high efficacy and durability of silver-based antimicrobial coatings is what allows it to continue to hold a dominant chunk of the global market share. From medical devices to consumer goods, almost all verticals contribute to the dominance of this segment.
Meanwhile, the demand for copper-based coatings is estimated to rise at the fastest pace across the forecast period and beyond. Increasing application scope of copper-based antimicrobial coatings in hospitals, public transportation, and food processing facilities is what is allowing it to boost market growth. Excellent antimicrobial properties high efficacy in combating a wide array of bacteria and viruses is what drives this segment’s popularity. Use of copper-based coatings for water treatment will also open new avenues of opportunities going forward.
Analysis by Application
Medical and healthcare applications are projected to spearhead the demand for antimicrobial coatings across the study period. Rising demand for medical devices and growing emphasis on enhancing hygiene are projected to be key factors helping this segment’s dominance. Need for medical devices, surgical instruments, and implantable devices is also expected to promote adoption of antimicrobial coatings in this segment. Growing investments in healthcare infrastructure development and advancements in healthcare technologies will further create new opportunities for antimicrobial coatings companies going forward.
Meanwhile, the demand for antimicrobial coatings in HVAC applications is projected to increase at a robust pace over the coming years. Increasing demand for better indoor air quality and high use of advanced HVAC systems are creating new opportunities for antimicrobial coatings companies. Application of antimicrobial coatings in HVAC systems helps prevent mold and development of harmful bacteria that could result in health complications for users of infected HVAC systems.
Global Antimicrobial Coatings Market By Type
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Antimicrobial Coatings Market Regional Insights
High awareness regarding hygiene among North American consumers allows this region to hold a dominant stance in the global market landscape. Presence of developed healthcare infrastructure and high adoption of antimicrobial coatings in the same are also contributing to the dominance of this region. Diversification of application scope for antimicrobial coatings across multiple industry verticals will also boost antimicrobial coatings demand outlook for this region. The presence of key antimicrobial coatings providers will also act in favor antimicrobial coatings market growth in North America. The United States is slated to be the top market for antimicrobial coatings companies followed by Canada.
Rising investments in healthcare infrastructure development and growing awareness regarding hygiene and cleanliness are helping Asia Pacific become the fastest-expanding market in the world. China, Japan, and India are at the helm of antimicrobial coatings market growth in this region owing to growing urbanization. Presence of a robust coatings industry and advancements in coating technologies are also estimated to create new business scope for antimicrobial coatings companies in this region.
Global Antimicrobial Coatings Market By Region
- Largest
- Fastest
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Antimicrobial Coatings Market Dynamics
Antimicrobial Coatings Market Drivers
Emphasis on Hygiene and Cleanliness
- The growing concern for cleanliness and rising prevalence of infectious diseases around the world have led to high emphasis on hygiene and cleanliness. Antimicrobial coatings play a crucial role in maintaining the same, thereby driving market growth as well.
Use in Implantable Medical Devices
- Antimicrobial coatings are extensively used with implantable medical devices to reduce the risk of contamination or infections in the patient. They also contribute to better patient outcomes and overall success of the treatment procedure, thereby driving market growth as well.
Restraints
High Production Costs
- Although antimicrobial coatings is being used extensively across multiple industry verticals, its production costs are still quite high, which result in an expensive end product. Not all companies can afford to use antimicrobial coatings due to their high costs and this impedes market development potential.
Long-term Health Concerns
- Long-term health risks are associated with antimicrobial coatings as they emit active ingredients like zinc, silver, and copper, which can enter the human body through air or water contamination. This contamination can lead to mild to serious health issues, which in turn, inhibits antimicrobial coatings demand outlook.
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Antimicrobial Coatings Market Competitive Landscape
Developing antimicrobial coatings that are safe and have minimal risks or side effects should be the prime focus of all antimicrobial coatings market players. Use of advanced coating technologies will also be crucial in determining a market players’ success in the future. Collaborating with different industries to understand their requirements and develop custom antimicrobial coatings according to their requirements will also create new opportunities going forward.
Top Player’s Company Profiles in Antimicrobial Coatings Market
- AkzoNobel N.V. (Netherlands)
- Axalta Coating Systems LLC (US)
- BASF SE (Germany)
- Carboline Company (US)
- Diamond Vogel (US)
- Drywood Coatings BV (Netherlands)
- Hempel A/S (Denmark)
- Kansai Paint Co., Ltd. (Japan)
- Lonza Group AG (Switzerland)
- Nippon Paint Holdings Co., Ltd. (Japan)
- PPG Industries, Inc. (US)
- RPM International Inc. (US)
- Sono-Tek Corporation (US)
- Sherwin-Williams Company (US)
- Specialty Coating Systems, Inc. (US)
- Zschimmer & Schwarz Holding GmbH & Co KG (Germany)
- Sika AG (Switzerland)
- Lanxess AG. (Germany)
- Cleveland-cliffs Inc. (US)
- Allied Bioscience Inc. (US)
- H.B. FUller Construction Products Inc. (US)
- Flora Coatings Llc (US)
- Hydromer Inc. (US)
- IFS Coatings Inc. (US)
- Nano-care Deutschland Ag. (Germany)
- Protech-oxyplast Group (Canada)
- Aereus Technologies Inc (Canada)
Antimicrobial Coatings Market Recent Developments
- In June 2024, NEI Corporation, a renowned supplier of coatings and battery materials from the United States announced the launch of a new antimicrobial coating. NANOMYTE® AM-100EC is an easy to clean coating that can be used for a multitude of high-touch surface applications.
- In April 2024, a new antimicrobial coating was approved by the Food and Drug Administration of the United States designed especially for orthopedic implants by Onkos Surgical.
- A new technology that allows companies to impart antimicrobial properties into water-based coatings was launched in October 2022 by Microban International. LapisShield™ is the novel technology that is capable of inhibiting bacterial growth in water-based coatings up to 99.99%.
Antimicrobial Coatings Key Market Trends
- Development of Sustainable Coatings: Consumers and industries are becoming increasingly conscious about the environmental impact of their products. Antimicrobial coatings that are made from natural materials and are biodegradable are expected to be high in demand as people search for sustainable alternatives to all products. Investing in research and development to develop innovative sustainable coatings will pay off big time in the long run.
Antimicrobial Coatings Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing emphasis on hygiene and cleanliness coupled with high investments in healthcare infrastructure development are projected to create new opportunities for antimicrobial coatings companies going forward. However, long term durability concerns, health risks, and high costs of production are slated to be key restraints for antimicrobial coatings market growth in the future. North America is slated to spearhead antimicrobial coatings demand outlook due to top market players and quick adoption of advanced antimicrobial coatings. Sustainable antimicrobial coatings are projected to be the talk of the town and investing in the development of the same will be essential for all market players.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.12 Billion |
| Market size value in 2031 | USD 9.25 Billion |
| Growth Rate | 9.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Antimicrobial Coatings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Antimicrobial Coatings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Antimicrobial Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Antimicrobial Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Antimicrobial Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Antimicrobial Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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