The Anti-Microbial coating market value was $3.3 billion in 2021, and it is expected to reach $5.6 billion by the end of the year 2028 with a CAGR rate of 10.7%.
The Anti-Microbial coating market value was $3.3 billion in 2020, and it is expected to reach $5.6 billion by the end of the year 2028 with a CAGR rate of 10.7%.
The Anti-Microbial coating is a type of coating on the surface of a material that prevents the growth of microorganisms. The Anti-Microbial coating is used in the making of walls, doors, glasses, and it can also be used as a spray-on mask, gloves, textiles, and carpets. The Anti-Microbial coating offers so many benefits by protecting the material from microbes like bacteria, fungi, and mold, and it can provide a long life span, improved cleaning, and cost-efficiency.
Growing concerns for cleanliness in various sectors are driving the Anti-Microbial coating market growth. The Anti-Microbial coating can be mixed with paint to give the home better protection against harmful bacteria. It is also used in coasting the walls in institutions, hotels, offices, hospitals to protect the surface for an extended period. There is a huge role of Anti-Microbial coating in the construction industry. With an increasing global population, the demand for the construction sector will also increase, and it is expected to boost the Anti-Microbial coating market trends. The Anti-Microbial coating is capable of preventing the growth of bacteria, and diseases so it is used in the floors, carpets, roofs, and radiators.
Substantial economic growth, falling interest rates, and job creation will support the construction sector to grow, and it will propel the Anti-Microbial coating market. Apart from the construction sectors, Anti-Microbial coating is highly used in the food sector. The demand for the hygienic process while food production has increased the Anti-Microbial coating market size. The Healthcare industry is also a big consumer of the Anti-Microbial coating market. Medical devices have an Anti-Microbial coating that stops the growth of the bacteria; hence it stops the spread of the infection. These devices are used by the surgeons to complete the surgery successfully. The wide application of Anti-Microbial coating in the health care sector will boost the market in the Anti-Microbial coating market forecast period.
The coronavirus outbreak first started in Wuhan city, and then it rapidly spread all over the world. This covid-19 is a disease that can be spread through contact with the virus. That is why the government has advised maintaining hygienic. By following good hygienic practices, the spread of coronavirus can be reduced. The world is changing after the covid-19 pandemic as there are many businesses that are suffering due to the pandemic but it. The pandemic has bought opportunities for some businesses as well. The Anti-Microbial coating market has seen a huge demand after the covid-19 pandemic, especially in healthcare sectors. The Anti-Microbial coating has gained so much attention, and it is applied to so many sectors and facilities to prevent the further spread of the coronavirus. Apart from healthcare and sectors, other sectors are also taking safety measures, so they have adopted the Anti-Microbial coating to prevent the spread of the virus. The demand for Anti-Microbial coating will grow more in the coming years, and the key players are ready to meet the demand.
The major key players in the Anti-Microbial market are:
Drivers in the Anti-Microbial coating market
In the recent past, Anti-Microbial coating has gained so much attention in the medical and healthcare sectors. This is mainly due to rising concern about different infections and coronavirus. The government is also taking initiatives to prevent the spread of various infections. In the healthcare sector, the leading cause of morality is HAIs. According to the Office of Disease Prevention and Health Promotion, around 1.7 million patients in the United States are infected by HAIs, and 100,000 patients die from the infections. The spread of HAIs is directly or indirectly related to medical devices. They occur during the treatment procedures.
The medical devices are the playground for the bacteria, and it is nearly impossible for them to clean with the help of antibiotics. Due to that, several medicals devices are not Anti-Microbial coated. The Anti-Microbial coating can prevent the spread of infection of the bacteria. As a result, it is highly used in the medicals, and it is driving the Anti-Microbial coating market. Apart from that, Anti-Microbial coating is used in paint, polymers to stop the prevention of harmful bacteria. So, the wide range of applications of Anti-Microbial coating will boost the Anti-Microbial coating market growth.
Opportunities in the Anti-Microbial coating market
Due to the covid-19 pandemic, the Anti-Microbial coating market is witnessing huge demand. The Anti-Microbial coating is used in several applications such as consumer goods, clothing, electronic products, paint, and many more. Due to this, many companies have started producing Anti-Microbial coating products for daily uses. The Indian Institute of technology has developed an Anti-Microbial coating spray to kill bacteria in personal protective equipment. With the growing awareness for hygiene around the world, the demand for Anti-Microbial coating has increased, and it has created many opportunities for the Anti-Microbial coating market.
Restraints in the Anti-Microbial coating market
One of the major restraints in the Anti-Microbial coating market is the cost of Anti-Microbial coating compared to other coating products. The low per capita income and low purchasing power of people in undeveloped countries is a big restraint for the Anti-Microbial coating market. Apart from that, the people in the underdeveloped areas are not aware of the Anti-Microbial coating, and it is hampering the Anti-Microbial coating market.
Challenges in the Anti-Microbial coating market
The toxic nature of the metal in nanoparticles has become a major challenge for the Anti-Microbial coating market. Long-term exposer to the copper and silver coating can create skin diseases, breathing issues, and it can also have a negative impact on the tissues, organs, and protein levels. The toxicity of the nanoparticles is specific to the shape, coatings, base material, and size of the material.
Cumulative growth analysis
Even with the restraint and challenges, the Anti-Microbial coating market is expected to register a healthy CAGR of 10.7% in the forecast period. The wide application of Anti-Microbial coating in various sectors, and the rising covid-19 cases, and various infections will propel the market growth in coming years.
The Anti-Microbial coating market is segmented on the basis of product and application.
On the basis of product, the Anti-Microbial coating market is divided into Anti-Microbial powder coatings and surface modifications and coatings. The Anti-Microbial powder coatings hold the highest Anti-Microbial coating market share. There are two types of power coatings one is copper, and another is silver. They both are used in so many sectors such as construction, healthcare, food & beverages, and automotive. They are also applied in kitchenware, escalators, refrigerators, and sinks. The surface Modification and coatings segment is expected to witness the fastest growth.
On the basis of application, Anti-Microbial coating market is segmented into indoor air quality, Anti-Microbial textiles, mold remediation, construction, food, and health care. The indoor air quality holds the highest Anti-Microbial coating market share.
The indoor air quality is highly used to improve indoor air quality. Anti-Microbial textiles are applied to prevent the growth of fungus and bacteria. The mold remediation segment will witness the fastest growth that is used to prevent the growth of mold.
The major regions in the Anti-Microbial coating market are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to register the highest Anti-Microbial coating market share due to the new rules in the food segment. The market in the Asia-Pacific region is increasing at a rapid speed, and it is expected to register the highest CAGR in the Anti-Microbial coating market due to the growing healthcare and construction sector. Europe will also witness a huge growth in the market due to the increasing healthcare infrastructure, expanding food industry. The market in the Middle East & Africa will grow due to the rising healthcare expenditure. Latin America will also be expected to moderate the demand for Anti-Microbial coating due to the increasing infrastructural development in this region.
This global Anti-Microbial market report is based on the qualitative and quantitative analysis of the Anti-Microbial market. This report represents the Anti-Microbial coating market outlook on the market overviews, covid-19 analysis, market dynamics, and Anti-Microbial coating market Analysis. This Anti-Microbial market report also shows the regional analysis, competitive landscape, and recent development of the market.
|Market Size||2028: USD 5.6 Billion|
|Forecast Period||2021 to 2027|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product, By Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||AK Coatings, Akzonobel N.V., Arch Lonza Axalta Coating Systems, BASF SE, Diamond Vogel, Nippon Paint Company Ltd, PPG Industries, Royal Dsm, RPM International Inc., Sono Tek Corporation, The DOW Chemical Company, The Sherwin-Williams Company, Troy Corporation|
|Key Market Opportunities||
|Key Market Drivers||
The expected CAGR rate of the Anti-Microbial market in the forecast period is 10.7%
Arch Lonza, Akzonobel N.V., and AK Coatings are some reputed names in the Anti-microbial coating market.
The rise in the need for HVACs can promote the Anti-microbial coating market.
The increase in use of silver can restrain the Anti-microbial coating market.