Global Antimicrobial Coatings Market by Product (Antimicrobial Powder Coatings, Surface Modifications & Coatings), by Application (Medical Devices, Construction) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global antimicrobial coatings market was valued at USD 8.9 billion in 2020. It is projected to grow at a compound annual rate (CAGR), of 13.1% between 2021 and 2028. The market has seen rapid growth due to growing concerns about cleanliness in different industries. Antimicrobial coatings protect surfaces from micro-organisms. These include bacteria, parasites, germs and other undesirable micro-organisms. The demand for pharmaceutical products, disinfectants, sanitizers and other products has increased in the wake of the Covid-19 pandemic. This is driving demand for antimicrobial coatings for medical device applications.

This segment is expected to grow faster than the air conditioning & ventilation system and sanitary facilities & kitchen application segments. The industry's growth is also being influenced by rising concerns about Hospital-Acquired Illnesses (HAI) cases. Doctors prefer to use antimicrobial coatings rather than disinfectants or powerful cleaning agents because they help curb the spread of germs that can weaken immune systems.

However, there are health concerns about silver use in different applications and strict regulations in the U.S. that could hinder the overall demand. To meet American Architectural Manufacturers Association specifications, the SHER-NAR coating is required to consist of a three coat finishing process. AAMA 2605-13 is the best coating solution for architectural applications.

Antibiotics applied directly to the surface of the skin are more effective than those that penetrate through biofilm. The bacteria is killed immediately before biofilm forms. These antibiotics are available in bone cement, which is used to fix implantes such as orthodontic and orthopedic.

Product Insights

Surface modifications and coatings accounted for over 53% of global revenue in 2020. This is due to the product's ability modify the material's surface by adding physical, chemical or biological characteristics that are different from those originally found.

Although this modification is most commonly done to solid materials it is also possible to modify the surface of liquids. You can modify the surface using a variety of methods, including hydrophilicity and roughness.

Biofilm formation on an orthotic implant surface can lead to poor patient prognosis. It also increases costs associated with patient care. Surface modifications can be used to improve the antimicrobial properties of implant devices. Owing to their unique properties, such as surface adhesion prevention, antimicrobial-eluting, bactericidal, and Osseointegration promotion, the surface modifications & coatings segment is expected to account for the maximum revenue share by 2028.

The antimicrobial powder coats segment can be further divided into silver, copper and other. The most popular of all these products is silver. Healthcare professionals are in high demand for inorganic silver antimicrobial systems that use silver salts, colloidal and silver zeolite, Ion exchange resins, complex glasses containing metallic ions, as well as nanosilver.

Application Insights

Medical devices applications dominated the global market in 2020, accounting for 42% of global revenue. The product properties of medical devices protect surfaces against microbes such as bacteria, parasites and fungi. This will increase demand for high-tech equipment and devices due to the growing number of hospitals and increasing healthcare needs.

There will be a rise in demand for antimicrobial coated catheters and implantable surgical instruments. They are biocompatible, non toxic, biostable and biocompatible. This will drive industry development over this period. The strong presence of major medical device companies such as GE Healthcare Technologies and Johnson & Johnson in the U.S. will likely boost production of antimicrobial-coated medical devices during the Covid-19 pandemic. This is expected to drive segment growth in the forecast period.

Due to rising healthcare spending in the U.S., North America will experience tremendous market growth. The industry will also see significant growth due to the presence of several coatings manufacturers in America, including SurModics, Inc., and Hydromer, Inc. Over the last few years, ventilation and air conditioning systems have been the most popular uses of the product. CEFPI and EPA have undertaken a wide variety of research and initiatives to educate schools and colleges about air quality. This will increase product demand. Market growth can be slowed by moisture control and lower temperatures.

Regional Insights

North America was the dominant market in the world and accounted to 43% of all global revenue in 2020. Due to the increasing demand for nonresidential construction projects such as schools and hospitals, North America's construction industry is expected to experience significant growth over the forecast period.

Construction of hospitals and healthcare units has been a result of the implementation of the Affordable Healthcare Act in the United States. Antimicrobial coatings are expected to be in high demand due to the increasing population.

The Covid-19 pandemic has halted cross-border trade and may limit regional market growth. The rising demand for ABS and polypropylene in the packaging segment, including for bottles, masks and shields, is the main driver of the market.

Asia Pacific is estimated to be the second-fastest-growing regional market over the forecast period. The market is driven primarily by the growth in the key end-use industries such as construction, healthcare, food processing, and packaging. Market growth is expected to be aided by the strong manufacturing base in India, Japan, China and China. This will also help with the increased sales of packaged foods products.

Additionally, the government of India has implemented favorable policies such as Foreign Direct Investments and Make in India. This is expected to provide ample growth opportunities in the food processing and healthcare sectors, which in turn will increase the demand for antimicrobial coatings in this region.

Market Share Insights & Key Companies

The market is competitive on the basis product quality and the technology used in manufacturing. The market's major players are focused on increasing their manufacturing facilities, investing in R&D facilities, infrastructure development, and looking for opportunities to vertically integrate throughout the value chain.

These initiatives allow them to meet the growing global demand, increase their competitive effectiveness, improve their sales & operations planning and develop innovative products & technology, reduce their production costs, and grow their customer base. Due to the large number of companies operating in the global antimicrobial coatings industry, the market is fragmented.

• AkzoNobel N.V.

• Nippon Paint Co. Ltd.

• PPG Industries Inc.

• RPM International

• DSM

• The Sherwin Williams Company

Up Market Research published a new report titled “Antimicrobial Coatings Market research report which is segmented by Product (Antimicrobial Powder Coatings, Surface Modifications & Coatings), by Application (Medical Devices, Construction), By Players/Companies The Sherwin Williams Company, AkzoNobel NV, PPG Industries Inc, RPM International, Koninklijke DSM NV, Nippon Paint Co Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Antimicrobial Coatings Market Report Segments:

The market is segmented by Product (Antimicrobial Powder Coatings, Surface Modifications & Coatings), by Application (Medical Devices, Construction).

Antimicrobial Coatings Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Antimicrobial Coatings Market

Overview of the regional outlook of the Antimicrobial Coatings Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Antimicrobial Coatings Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Antimicrobial Coatings Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Antimicrobial Powder Coatings

                2. Surface Modifications & Coatings

                1. Medical Devices

                2. Construction

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Antimicrobial Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Antimicrobial Coatings Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.