Report ID: SQMIG15E2467
Report ID:
SQMIG15E2467 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|
Tables:
59 |
Figures:
75
Antimicrobial Coatings Market size was valued at USD 4.51 Billion in 2023 and is poised to grow from USD 4.93 Billion in 2024 to USD 10.12 Billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
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 Antimicrobial Coatings 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.
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Report ID: SQMIG15E2467