Global Antiviral and Antimicrobial Coatings Market

Antiviral And Antimicrobial Coatings Market Size, Share, Growth Analysis, By Type(Antiviral Coatings, Antimicrobial Coatings), By Material(Silver, Organic Material, Copper, Aluminum), By Form(Liquid (Solvent-Borne Coatings, Water-Borne Coating), Powder, Aerosol), By Application(Healthcare, Building, Constructions, Food), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2351 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 128 | Figures: 77

Antiviral And Antimicrobial Coatings Market Dynamics

Antiviral And Antimicrobial Coatings Market Driver

  • Government Concerns about Preventing New Diseases are Growing

Over the last century, the problem of microbial infection has been largely met, and the need to maintain proper hygiene and limit the spread of infectious agents persists. As seen by the global COVID-19 pandemic, new viruses may infiltrate the human population through animal reservoirs, and resistance to antimicrobial medicines develops, particularly in microorganisms such as bacteria, where genetic determinants are rapidly shared between pathogens. Healthcare facilities and government agencies are major places for illness transmission. Their users are frequently immunocompromised and more vulnerable to infection than the general population.

Antiviral And Antimicrobial Coatings Market Restraint

  • High Cost to Hamper Market Growth

As compared to typical coating solutions, the expense of antiviral and antimicrobial coating is enormous. Consumer preferences in underdeveloped nations are mostly determined by the price of the product. Furthermore, low purchasing power, low per capita income, and limited knowledge of antimicrobial coatings in developing nations compared to industrialised countries resulted in the market's rapid expansion. Furthermore, the need for specialised labour to apply antimicrobial coatings is impeding the growth of the Antiviral and Antimicrobial Coatings Market.

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Antiviral And Antimicrobial Coatings Market size was valued at USD 3.2 billion in 2019 and is poised to grow from USD 3.44 billion in 2023 to USD 5.53 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

Major market competitors are conducting research and development to provide better quality colours with increased characteristics. Furthermore, the corporations are currently pushing strategic collaborations in order to boost the R&D efforts of the organisation. Businesses place a high value on expanding their service offerings in order to increase their market share and income. Companies are committed to create new products to meet the changing customer trends. 'Akzo Nobel N.V.', 'BASF SE', 'Bio-Gate AG', 'BioCote Limited', 'DuPont de Nemours, Inc.', 'Koninklijke DSM N.V.', 'Microban International Ltd.', 'Nanobiomatters Industries S.L.', 'Nippon Paint Holdings Co., Ltd.', 'PPG Industries, Inc.', 'RPM International Inc.', 'Sono-Tek Corporation', 'Sherwin-Williams Company', 'Speciality Coating Systems, Inc.', 'The Dow Chemical Company', 'The Lubrizol Corporation', 'Toto Ltd.', 'Troy Corporation', 'Weilburger Coatings GmbH', 'Zhejiang Hisun Biomaterials Co., Ltd.'

Government Concerns about Preventing New Diseases are Growing

The key driving force for the business is the rising need for antimicrobial surfaces as the number of diseases rises, as does the demand for indoor air quality goods such as HVAC. The growing number of ailments caused by microorganisms is a major source of concern in modern society. Coating producers are becoming more cognizant of the developing microbiological resistance to metal ions, antibiotics, and resistant strain proliferation. Manufacturers to explore with non-traditional coatings to create novel coatings with varied compositions, including antibacterial and antimicrobial properties, the majority of enterprises comply with the regulatory standards established by the Environmental Protection Agency (EPA) and other environmental organisations. Increased demand for such coatings as the number of diseases rises would push up the price.

Antiviral and Antimicrobial Coatings Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

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Global Antiviral and Antimicrobial Coatings Market

Report ID: SQMIG15E2351

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