Antimicrobial Coatings Market is segmented by Material (Copper, silver), Form (Aerosol, Powder), End User (Building and Construction, Food and Beverage, Automotive OEM and Components, Electronics, Healthcare and Pharmaceutical, Packaging)
Antimicrobial coatings provide underlying protection from the growing disease-causing micro-organisms by applying chemical agents on a surface. These chemicals stop the growth of pathogens through disruption of cellular membranes. Antimicrobial Coatings market mainly attributed its growth to the increasing adoption of antimicrobial coatings especially in the medical industry where spread of infection should be avoided at all costs. Healthcare associated infection is a challenge most countries are facing, whether they are developing country or developed. The World Health Organization (WHO) has reported that 7% of the patients in 10% of the developing countries have suffered infections associated to healthcare.
The global Antimicrobial Coatings Market is projected to reach a market size value of USD 7.65 billion by 2031, at a CAGR of 8.2% during the forecast period of 2022 to 2031.
Other factors of growth are rising awareness on antimicrobial coatings in packaging to prevent microbial contamination particularly in packaged foods. Government initiatives and support on said market also played a significant role in the growth of the market because funding by the government and organizations aided the innovations in antimicrobial coatings.
The pandemic adversely affected economies and disrupted the supply chains regarding distributing and manufacturing materials and equipment needed for in the production of antimicrobial coatings. With the limited operations caused by restrictions and safety protocols, decline in antimicrobial sales dropped considerably since manufacturing are affected with respect to workforce, facility operations and supply of raw materials. The lock downs have caused a delay in the operations and facility shutdowns became a real challenge that these key players needed to face. Some raw materials needed for the production can only actually be acquired through importing and suppliers in turn, were having a hard time exporting these supplies due to border restrictions and hold up.
On a positive note, antimicrobial coatings market experienced a significant growth because during the pandemic, end-users especially in the medical and food industries are taking into consideration the benefits and positive attributes of utilizing antimicrobial coatings to prevent the spread of disease-causing infections.
Key findings in the Antimicrobial Coatings Market
In terms of product type, metal coatings segment dictated to have the largest share accounted for in the market in 2020. This large share is mainly attributed to the increasing application of metal based antimicrobial coatings in the packaging industry as well as the adoption by medical device manufacturers. Government and organizations funding also attributed to the market growth since the investment were used to develop antimicrobial coatings in metals to help reduce associated infections in the healthcare industry. Space missions also have an increasing demand to use antimicrobial coatings.
In terms of form, liquid coating has the overall largest share accounted for in the market in 2020 because it is the most demanded form by end users in industries because of its corrosion resistant quality and better finish. The only restrain on this segment is that, there are government restrictions with respect to VOC content.
In terms of end user, the medical and life sciences device manufacturers segment is projected to have the fastest growth during the forecast period of 2022 to 2031. Such rapid growth is mainly attributed to the rising cases of healthcare associated infections, as well as government initiatives to hamper the spread of these diseases caused by contaminated medical devices in the healthcare industry.
Regional Market Analysis
In terms of region, the North America segment has the overall largest share in the antimicrobial coatings market during the forecast period. This is followed by the regions, Europe, Latin America, and the Middle East and Africa. But the Asia pacific region is projected to have the fastest growth in 2022-2031. Growth factors are, prevalence of healthcare associated infections in developing countries, microbial contaminations present in food recalls, healthcare infrastructure expansion, rise in the cases of transport associated infections. Government initiatives and funding as well as technological advancements made by universities and institutes on antimicrobial coatings render this region as the fastest in terms of growth.
Key Players: Share and Competition
These players are known to have a strong product portfolio and has been adopting key strategies to improve the growth of the market. These leading companies in the antimicrobial coatings market are, Akzo Nobel N. V. (The Netherlands), Lonza Group Ltd (Switzerland), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), The Sherwin-Williams Company (U.S.), DOW Chemical Company (U.S.), E. I. Du Pont De Nemours (U.S.), Nippon Paint Holdings Co., Ltd. (Japan), RPM International Inc. (U.S.), Sciessent LLC (U.S.), Sika AG (Switzerland), BASF SE (Germany), and Jotun Group (Norway).
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Industry Segmentation and Revenue Breakdown
Material Analysis (Revenue, USD Million, 2022 - 2031)
• Metal Based Coatings
• Silver Based Coatings
• Copper Based Coatings
• Other Metal Based Coatings
• Organic Coatings
Form Analysis (Revenue, USD Million, 2022 - 2031)
• Solvent Borne Coatings
• Water Borne Coatings
End-User Analysis (Revenue, USD Million, 2022 - 2031)
• Building and Construction
• Medical and Life Science
• Healthcare and Pharmaceutical
• Food and Beverages
• Machinery and Equipment
• Automotive OEM and Component
• Other End Users
Region Analysis (Revenue, USD Million, 2020 – 2031)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Antimicrobial Coatings Industry Research Report
• Europe Antimicrobial Coatings Industry Research Report
• Asia Pacific Antimicrobial Coatings Industry Research Report
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