USD 1.20 Billion
Antimicrobial Powder Coating Market Size, Share, Growth Analysis, By Resin Type(Thermosets (Polyester, Hybrid (Epoxy Polyester), Epoxy, Acrylic), By Coating Method(Electrostatic Spray, Fluidized Bed, and Others), By Application(Appliances, Automotive, General Industrial, Architectural), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2189 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Antimicrobial Powder Coating Market Insights
Antimicrobial Powder Coating Market size was valued at USD 1.20 Billion in 2021 and is poised to grow from USD 1.34 Billion in 2022 to USD 3.2 Billion by 2030, at a CAGR of 11.5% during the forecast period (2023-2030).
The global antimicrobial powder coating market is witnessing significant growth due to increasing awareness about the importance of hygiene and infection control. The demand for antimicrobial powder coatings is driven by factors such as the growing emphasis on cleanliness and hygiene, rising healthcare-associated infections, and stringent regulations regarding antimicrobial protection in various industries. One of the key drivers of the antimicrobial powder coating market is the increasing awareness and concern about microbial contamination and its impact on public health. As the world becomes more conscious of the potential risks associated with microbial growth, there is a growing demand for antimicrobial coatings that can help prevent the spread of harmful microorganisms and improve overall hygiene. Additionally, the COVID-19 pandemic has further intensified the need for effective antimicrobial solutions, leading to an increased adoption of antimicrobial powder coatings in various sectors. Furthermore, the healthcare industry is a major driver for the antimicrobial powder coating market. In hospitals and healthcare facilities, where the risk of infections is high, antimicrobial coatings play a crucial role in reducing the transmission of pathogens and ensuring a safe environment for patients and healthcare workers. The increasing number of healthcare facilities globally, along with the growing focus on infection control measures, is fueling the demand for antimicrobial powder coatings in the healthcare sector. However, the antimicrobial powder coating market also faces certain challenges. One of the significant challenges is the cost associated with antimicrobial coatings. Antimicrobial additives used in powder coatings can be expensive, which can affect the overall cost of the coating process. The higher cost of antimicrobial powder coatings compared to conventional coatings may limit their adoption in price-sensitive industries. Additionally, regulatory compliance and testing requirements pose challenges for manufacturers in the antimicrobial powder coating market. Antimicrobial coatings need to undergo rigorous testing to ensure their efficacy, safety, and compliance with regulatory standards. Meeting these requirements adds to the cost and time involved in developing and commercialising antimicrobial powder coatings.
US Antimicrobial Powder Coating Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Organic
Fastest Growth
Organic
Growth Rate
11.5% CAGR
Global Antimicrobial powder coating Market ($ Bn)
Country Share for North America Region (%)
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Antimicrobial Powder Coating Market Segmental Analysis
Global Powder Coating Market is segmented by resin type, coating method, application, and region. Based on resin type, the market can be segmented into Thermosets (Polyester, Hybrid (Epoxy Polyester), Epoxy, Acrylic, Polyurethane) and Thermoplastic (Polyvinyl Chloride, Polyvinyl Fluoride). Based on coating method, the market is segmented into Electrostatic Spray, Fluidized Bed, and Others. Based on application, the market is segmented into Appliances, Automotive, General Industrial, Architectural, Furniture, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Antimicrobial Powder Coating Market Analysis By Type
The global antimicrobial powder coating market can be segmented by type into organic and inorganic coatings. The dominant segment in the antimicrobial powder coating market is organic coatings. Organic antimicrobial powder coatings are formulated using organic materials, such as resins and polymers, combined with antimicrobial agents. These coatings provide effective protection against a wide range of microorganisms, including bacteria, fungi, and viruses. Organic antimicrobial powder coatings are widely used in various industries, including healthcare, food processing, and public spaces, due to their versatility, durability, and aesthetic appeal.
The fastest-growing segment in the antimicrobial powder coating market is inorganic coatings. Inorganic antimicrobial powder coatings incorporate inorganic materials, such as silver, copper, and zinc, which possess strong antimicrobial properties. These coatings are known for their long-lasting efficacy and broad-spectrum antimicrobial activity. Inorganic antimicrobial powder coatings are gaining traction in applications that require highly effective and durable antimicrobial protection, such as medical devices, touch surfaces, and high-traffic areas.
Antimicrobial Powder Coating Market Analysis By End user
The global antimicrobial powder coating market can be segmented by end user into healthcare, textiles, electrical and electronics, food & beverages, building & construction, and others. The dominant segment in the antimicrobial powder coating market is healthcare. Healthcare facilities, including hospitals, clinics, and laboratories, require stringent infection control measures to ensure patient safety. Antimicrobial powder coatings are extensively used in healthcare settings to prevent the growth and spread of bacteria, viruses, and other pathogens on surfaces. The healthcare sector's emphasis on hygiene and infection control, coupled with the increasing number of healthcare facilities worldwide, drives the demand for antimicrobial powder coatings in this segment.
The fastest-growing segment in the antimicrobial powder coating market is textiles. Antimicrobial powder coatings are increasingly applied to textiles to provide additional protection against microbial growth. Textiles with antimicrobial properties find applications in various sectors, including healthcare, sports apparel, home furnishings, and hospitality. The rising consumer awareness of hygiene, particularly in the wake of the COVID-19 pandemic, is driving the demand for antimicrobial coatings on textiles. The textile industry is witnessing significant growth in the adoption of antimicrobial powder coatings to enhance the functionality and safety of their products.
Global Antimicrobial powder coating Market By Type
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Antimicrobial Powder Coating Market Regional Insights
The dominant region in the antimicrobial powder coating market is North America. The region holds a significant share of the global market due to the strong presence of key industries such as healthcare, food processing, and electronics, which are major consumers of antimicrobial powder coatings. North America has stringent regulations and high standards for hygiene and infection control, driving the demand for antimicrobial coatings in various applications. Additionally, the region has a well-established healthcare infrastructure and a focus on advanced technologies, contributing to its dominance in the market.
The fastest-growing region in the antimicrobial powder coating market is the Asia Pacific. The region is experiencing rapid growth due to factors such as increasing population, rising disposable income, and the growth of various end-use industries. The healthcare sector in Asia Pacific is expanding significantly, with growing investments in healthcare infrastructure and an increasing focus on infection control. Additionally, the region's booming electronics and consumer goods industries, coupled with the rising awareness of hygiene and cleanliness, are driving the demand for antimicrobial powder coatings. The Asia Pacific region presents substantial growth opportunities for the antimicrobial powder coating market.
Global Antimicrobial powder coating Market By Region
- Largest
- Fastest
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Antimicrobial Powder Coating Market Dynamics
Antimicrobial Powder Coating Market Drivers
Rising Healthcare-Associated Infections
- Healthcare-associated infections (HAIs) pose a significant challenge in healthcare settings. Antimicrobial powder coatings provide an effective solution to minimise the risk of contamination and reduce the transmission of pathogens in hospitals and other healthcare facilities. The need for infection control and prevention of HAIs drives the demand for antimicrobial coatings in the healthcare industry.
Stringent Regulations and Standards
- Various regulatory bodies and industry standards impose guidelines and requirements for antimicrobial protection in specific industries. Compliance with these regulations and standards drives the adoption of antimicrobial powder coatings. Manufacturers are increasingly focusing on developing coatings that meet regulatory requirements to ensure product safety and effectiveness.
Antimicrobial Powder Coating Market Restraints
Limited Effectiveness Against Certain Microorganisms
- While antimicrobial powder coatings offer protection against a broad spectrum of microorganisms, their effectiveness may vary against specific strains or species. Some microorganisms may develop resistance to antimicrobial agents over time, reducing the coatings' efficacy. The limited effectiveness against certain microorganisms poses a challenge in ensuring comprehensive protection in all applications.
Environmental and Health Concerns
- There is a growing concern about the potential environmental impact and health risks associated with certain antimicrobial agents used in coatings. Some antimicrobial agents may have adverse effects on human health or contribute to environmental pollution. Addressing these concerns and ensuring the safety and sustainability of antimicrobial powder coatings are important considerations for manufacturers and end-users.
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Antimicrobial Powder Coating Market Competitive Landscape
The global antimicrobial powder coating market features a competitive landscape characterised by the presence of various players striving to establish their market position. The market is highly competitive, with companies focusing on product innovation, strategic collaborations, and expanding their product portfolios. Companies in the antimicrobial powder coating market invest in research and development activities to develop new and advanced coatings that effectively inhibit the growth of microorganisms. These players constantly seek to enhance the durability, effectiveness, and versatility of their antimicrobial coatings to cater to the evolving needs of different industries. Strategic collaborations and partnerships are also prominent in the competitive landscape of the market. Companies form alliances with research institutions, universities, and other industry players to leverage their expertise and jointly develop innovative antimicrobial powder coating solutions. These collaborations enable companies to access advanced technologies, expand their market reach, and strengthen their product offerings. Moreover, companies in the antimicrobial powder coating market focus on expanding their distribution networks to reach a wider customer base. They establish partnerships with distributors and dealers to ensure efficient supply chains and enhance market penetration. In addition, regulatory compliance and certifications play a significant role in the competitive landscape. Companies that comply with stringent regulations and obtain necessary certifications gain a competitive edge by assuring customers of the safety and efficacy of their antimicrobial powder coatings.
Antimicrobial Powder Coating Market Top Player’s Company Profile
- Axalta Coating Systems Ltd. - US
- Jotun Group - Norway
- Hempel A/S - Denmark
- RPM International Inc. - US
- Nippon Paint Holdings Co., Ltd. - Japan
- Kansai Paint Co., Ltd. - Japan
- Berger Paints India Limited - India
- The Valspar Corporation - US
- KCC Corporation - South Korea
- Tikkurila Oyj - Finland
- Teknos Group - Finland
- Sika AG - Switzerland
- DAW SE - Germany
- Diamond Vogel Paints - US
- Coatings & Adhesives Corporation - US
- IFS Coatings, Inc. - US
- Cromology SAS - France
Antimicrobial Powder Coating Market Recent Developments
- In February 2023, AkzoNobel announced the launch of its new antimicrobial powder coating product line, called BioCote.
- In March 2023, PPG Industries announced the expansion of its antimicrobial powder coating production capacity in North America.
Antimicrobial Powder Coating Key Market Trends
- Increasing Demand in Healthcare Sector: The healthcare sector is a major driver for antimicrobial powder coatings. The demand for hygienic and infection-resistant surfaces in hospitals, clinics, and other healthcare facilities is rising. Antimicrobial powder coatings provide an effective solution to prevent the growth and spread of pathogens, contributing to improved infection control measures in the healthcare sector.
- Growing Awareness of Hygiene and Safety: The global pandemic has heightened the awareness of hygiene and safety among individuals and industries. There is a greater focus on preventing the transmission of diseases and maintaining cleanliness in various settings. Antimicrobial powder coatings are gaining popularity as a preventive measure to inhibit the growth of microorganisms on surfaces, promoting a safer and cleaner environment.
Antimicrobial Powder Coating Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Antimicrobial Powder Coating market analysis, North America is the dominant region in the global antimicrobial powder coating market, benefiting from its established industries and stringent regulations. The Asia Pacific region is the fastest-growing, driven by the expanding healthcare sector and increasing demand from electronics and consumer goods industries. The global antimicrobial powder coating market is experiencing substantial growth and is poised for further expansion in the coming years. The market is driven by factors such as the increasing demand for hygienic and infection-resistant surfaces, growing awareness of hygiene and safety, and the expansion of key end-use industries like healthcare and food & beverages. The COVID-19 pandemic has further accelerated the adoption of antimicrobial powder coatings as businesses and individuals prioritise cleanliness and infection control. Technological advancements are driving innovation in the market, with manufacturers developing advanced formulations that offer improved antimicrobial efficacy and durability. Emerging markets, particularly in Asia Pacific and Latin America, present significant growth opportunities due to rapid industrialization and urbanisation. Sustainability and eco-friendly solutions are also gaining prominence, with a focus on developing environmentally conscious antimicrobial powder coatings. Collaboration and partnerships among industry players, research institutions, and regulatory bodies are shaping the market landscape, facilitating knowledge sharing and addressing regulatory compliance challenges. Overall, the global antimicrobial powder coating market is expected to witness sustained growth as the demand for hygienic and antimicrobial surfaces continues to increase across various industries.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1.20 Billion |
| Market size value in 2030 | USD 3.2 Billion |
| Growth Rate | 11.5% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| 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 Powder Coating 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 Powder Coating 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 Powder Coating 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 Powder Coating 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 Powder Coating Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Antimicrobial Powder Coating 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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