Antimicrobial Coatings Market by Product (Silver, Copper, Aluminum, Organic, Polymer), Form (Liquid [Solvent, Water Borne], Powder, Aerosol, Gel), Industry (Construction, Food, Medical, Pharmaceutical, Automotive, Machinery) - Global Forecast to 2031

Antimicrobial Coatings Market: An Insightful Study on the Role in Preventing Hospital-Acquired Infections

Antimicrobial coatings are widely used in medical and hygiene products such as medical devices and equipment, surgical and medical instruments, cleanroom disinfection and others to prevent microbial infections. These coatings possess both antimicrobial and self-cleaning properties that help reduce microbial settlements and fight against viruses, fungi and bacteria. With rising awareness about hygiene and growing concerns regarding Hospital Acquired Infections (HAIs), there is increasing demand for antimicrobial coatings from healthcare industry.

The global antimicrobial coatings Market is estimated to be valued at US$ 4.65 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity Growing healthcare industry globally presents a major market opportunity for antimicrobial coatings market. According to World Health Organization (WHO), healthcare spending is expected to grow at a rate of 5.4% annually worldwide between 2015 and 2020. Growing aging population, emergence of new diseases and increasing healthcare expenditure is fueling demand for new medical devices, surgical equipment and hospital infrastructure development. Antimicrobial coated medical products provide additional benefits of hygiene and lower risk of infections. Rising demand from medical industry for HAIs prevention is expected to drive significant demand for antimicrobial coatings over the forecast period. Growing applications of these coatings in diagnostic equipment, surgical instruments, medical appliances and hospital infrastructure will promote the market growth. Porter's Analysis for Antimicrobial Coatings Market Threat of new entrants: Low capital requirements for manufacturing but huge R&D investments required for product development and brand positioning may deter new players. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products however compliance with regulations provide advantage to established brands. Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials for antimicrobial coatings are commodity chemicals widely available from multiple sources. Threat of new substitutes: Threat from new substitutes is low as alternatives lack functional properties of conventional coatings however nanocoatings may emerge as alternative in future. Competitive rivalry: Intense competition exists among major players to capture market share through product innovation, branding and strategic partnerships. SWOT Analysis for Antimicrobial Coatings Market Strengths: High demand from healthcare and construction industry. Ability to inhibit microbial growth on coated surfaces prolonging product life. Weaknesses: High product and production costs compared to conventional coatings. Potential toxicity of antimicrobial agents need to be addressed. Opportunities: Expanding application scope in household goods, food industry and transportation. Growing infrastructure development in emerging nations. Threats: Strict environmental and safety regulations for product approval. Substitution threat from alternative coating technologies like plasma deposition and sol-gel coatings. Key Takeaways The global antimicrobial coatings market is expected to witness high growth during the forecast period of 2023 to 2030 supported by increased spending on healthcare infrastructure and rising consumer awareness. The global antimicrobial coatings Market is estimated to be valued at US$ 4.65 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.

The Asia Pacific region dominated the market in 2024 attributed to rapid industrialization and infrastructure development in China, India and other ASEAN countries. North America and Western Europe will continue to be the major revenue generators owing to well established healthcare systems, stringent hygiene regulations and growing geriatric population susceptible to infections. However, Asia Pacific is anticipated to record highest CAGR during the projection period on back of favorable government policies, rising per capita income and demand for antimicrobial surfaces in hospitals, public transit and commercial buildings in the region. Key players operating in the antimicrobial coatings market are AkzoNobel Coatings Inc., BASF, RPM International Inc., Dow Chemicals, PPG Industries Inc., Diamond Vogel, Royal DSM, and Sherwin-Williams Company. Major players are focusing on new product launches with enhanced properties and strategic mergers and acquisitions to bolster their market presence. Collaboration with coating applicators and end-users is another key strategy adopted by leading brands.

Antimicrobial Coatings Market is Thriving Worldwide with

The antimicrobial coatings market refers to the industry involved in the production and distribution of coatings that have antimicrobial properties. These coatings are designed to inhibit the growth of microorganisms such as bacteria, viruses, fungi, and algae on various surfaces.

Antimicrobial coatings are widely used in various sectors, including healthcare, food and beverage, packaging, HVAC systems, textiles, and construction. The primary purpose of these coatings is to prevent the spread of infectious diseases, maintain hygiene, and reduce the risk of contamination.

Awareness about HAIs To Boost Antimicrobial Coatings Market Growth

A number of factors such as the increasing public awareness regarding HAIs and the burgeoning need for improved air quality for HVAC systems will steer the antimicrobial coatings market growth between 2021 and 2030. Additionally, the surging concerns regarding hygiene and safety in the healthcare sector and the rising preference for antimicrobial coatings over powerful cleaning agents and disinfectants across the world will also boost the market growth in the coming years.

The rising prevalence of HAIs and growing awareness about HAIs will drive the demand for antimicrobial coatings, worldwide. According to the WHO, 7 out of 100 people in developed countries and 10 out of 100 people in developing countries acquire at least one HAI in hospitals. To prevent the deposition of viral, bacterial, and fungal particles, hospitals are replacing disinfectants and powerful cleaning agents with antimicrobial coatings, as the latter help curb the spread of germs.

Nowadays, R&D of different coating materials has become a prominent trend in the antimicrobial coatings market. At present, leading players are actively focusing on developing antimicrobial coatings to eliminate several microbes growing on different types of surfaces. For example, Nerolac Excel Virus Guard, an emulsion paint based on Japanese Shiquy Technology, reduces microbial growth on a wide range of surfaces. Additionally, the ongoing pandemic has also resulted in the large-scale development of advanced antimicrobial coatings.

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According to P&S Intelligence, in 2020, the powder category, within the product segment, accounted for a larger share in the antimicrobial coatings industry. This was on account of the ability of powder antimicrobial coatings to change the properties of surface materials by introducing biological, physical, and chemical attributes. In addition, the less toxicity, high durability, and long-lasting characteristics of powder coatings, such as silver, copper, zinc-based compound, and quaternary ammonium compound, also contribute to the growth of the market in this category.  

In recent years, major players in the antimicrobial coatings industry have focused on product launches to consolidate their position. For instance, in March 2021, Pharma Paint S.R.L. launched M55, an antiviral coating paint, which can reduce virus stabilization on different surfaces in gyms, hospitals, homes, nursing homes, and doors and windows of vehicles used in public transportation. Other players engaging in such growth measure include Trop Corporation, Sono-Tek Corporation, PPG Industries Inc., The Sherwin-Williams Company, Nippon Paint Co. Ltd., Diamond Vogel Paint Company, AkzoNobel N.V., and Burke Industrial Coatings LLC.

A market analysis of the Antimicrobial Coatings Market is conducted based on global economic conditions, regional geopolitics, import-export scenarios, trade duties, market developments, organic and inorganic strategies, mergers and acquisitions, product launches, government policies, capacity expansion, technological advancements, research and development investment, and new market entry, along with replacement rates, penetration rates, installed bases/fleet sizes, global and regional production capacity, among other factors.

Antimicrobial Coatings Market Segment Analysis By Product, Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 31 May 2023: The Report Antimicrobial Coatings Market Size, Share & Trends Analysis Report By Application (Construction, Medical Devices), By Product (Antimicrobial Powder Coatings, & Coatings), And Segment Forecasts, 2023 – 2030 The global antimicrobial coatings market size is expected to reach USD 28.43 billion by 2030, registering a CAGR of 13.8% from2023 to 2030, as per the…

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Antimicrobial Coatings Market Outlook, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global antimicrobial coatings market size at USD 4.5 billion in 2022. During the forecast period between 2023 and 2029, the global antimicrobial coatings market size is projected to grow at an impressive CAGR of 11.34% reaching a value of USD 9.49 billion by 2029. Expanding demand from the healthcare and medical sectors as a result of the increased incidence of cross-contamination and hospital-acquired diseases is one of the major driving reasons for the global antimicrobial coatings market. The usage of antimicrobial coatings in a variety of medical equipment, such as medical instruments and trays, gloves, catheters, surgical tools, and woven and non-woven hospital textiles, is boosting the demand for the antimicrobial coatings in the medical and pharmaceutical industries.

Global Antimicrobial Coatings Market – Overview

An antimicrobial coating is the application of a chemical substance to a surface that can prevent the growth of microorganisms that cause disease. Chemicals are used in antimicrobial coatings to prevent pathogen development by disrupting cellular membranes. These are robust coatings that can keep functioning even after repeated exposure to water and washing. Medical equipment, instruments, and surfaces all have antimicrobial coatings to stop the transmission of illnesses. Silver ions are a component of antimicrobial coatings, which have long been employed to stop the development of bacteria and "inactivate" them.

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Global Antimicrobial Coatings Market – By End User

Based on end user, the global antimicrobial coatings market is segmented into pharmaceutical industry, paint and coating industry, packaging industry, textiles industry, and others. The pharmaceutical industry accounts for the highest share of the market. The possibility of microbial contamination poses a severe danger to the pharmaceutical sector. For this reason, a lot of businesses in this sector often apply antimicrobial coatings to their custom containers, which might range from stainless steel baskets to parts holding trays. The paint and coatings industry also covers a substantial market share. Antimicrobial paint additives that have been scientifically shown to offer durable protection against hazardous bacteria, mold, and fungus, eventually assist paint or coating in minimizing discoloration, unpleasant odors, and material deterioration on whatever surface it is applied to.

Impact of COVID-19 on the Global Antimicrobial Coatings Market

The global antimicrobial coatings market proliferated significantly post the COVID-19 pandemic outbreak. Antimicrobial coatings emerged as an effective solution to prevent the spread of the COVID-19 infection, which resulted in a spike in its demand from healthcare and medical facilities. Furthermore, the use of coatings also gained traction in the public transport sector to reduce the spread of SARS-CoV-2. When used in combination with routine cleaning, many commercially available antimicrobial agents are applied to the surfaces of public transportation vehicles to provide long-lasting antimicrobial action. These coatings are an additional disinfection method that is propelling the growth of the global antimicrobial coatings market.

Competitive Landscape

Major players operating in the global antimicrobial coatings market include Axalta Coating Systems, LLC, Akzo Nobel N.V., PPG Industries, Inc., DSM, The Sherwin-Williams Company, Arxada AG, Microban International, Fiberlock, Burke Industrial Coatings, Aereus Technologies, Linetec, Katilac Coatings, Nano Care Deutschland AG, SANITIZED AG, Dow, Specialty Coating Systems Inc., DuPont, Flowcrete, and GBneuhaus GmbH. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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Rising Awareness of Safety and Hygiene Propels Antimicrobial Coatings Demand

An antimicrobial coating can be defined as a surface covering that contains an active ingredient that prevents fungal and bacterial growth. These coatings include water-based, solvent, powder, and liquid coatings.  Types of Antimicrobial Coatings Surface Protectants: Usually, these coatings are utilized in commercial and industrial settings. They ensure material protection. Antimicrobial…

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Antimicrobial Coatings Market by Product (Silver, Copper, Aluminum, Organic, Polymer), Form (Liquid [Solvent, Water Borne], Powder, Aerosol, Gel), Industry (Construction, Food, Medical, Pharmaceutical, Automotive, Machinery) - Global Forecast to 2031

Emerging Technologies in Antimicrobial Coatings Market: A Deep Dive

Antimicrobial coatings are widely used in medical and hygiene products such as medical devices and equipment, surgical and medical instruments, cleanroom disinfection and others to prevent microbial infections. These coatings possess both antimicrobial and self-cleaning properties that help reduce microbial settlements and fight against viruses, fungi and bacteria. With rising awareness about hygiene and growing concerns regarding Hospital Acquired Infections (HAIs), there is increasing demand for antimicrobial coatings from healthcare industry.

The global antimicrobial coatings Market is estimated to be valued at US$ 4.65 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity Growing healthcare industry globally presents a major market opportunity for antimicrobial coatings market. According to World Health Organization (WHO), healthcare spending is expected to grow at a rate of 5.4% annually worldwide between 2015 and 2020. Growing aging population, emergence of new diseases and increasing healthcare expenditure is fueling demand for new medical devices, surgical equipment and hospital infrastructure development. Antimicrobial coated medical products provide additional benefits of hygiene and lower risk of infections. Rising demand from medical industry for HAIs prevention is expected to drive significant demand for antimicrobial coatings over the forecast period. Growing applications of these coatings in diagnostic equipment, surgical instruments, medical appliances and hospital infrastructure will promote the market growth. Porter's Analysis for Antimicrobial Coatings Market

Threat of new entrants: Low capital requirements for manufacturing but huge R&D investments required for product development and brand positioning may deter new players.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products however compliance with regulations provide advantage to established brands.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials for antimicrobial coatings are commodity chemicals widely available from multiple sources.

Threat of new substitutes: Threat from new substitutes is low as alternatives lack functional properties of conventional coatings however nanocoatings may emerge as alternative in future.

Competitive rivalry: Intense competition exists among major players to capture market share through product innovation, branding and strategic partnerships.

SWOT Analysis for Antimicrobial Coatings Market

Strengths: High demand from healthcare and construction industry. Ability to inhibit microbial growth on coated surfaces prolonging product life.

Weaknesses: High product and production costs compared to conventional coatings. Potential toxicity of antimicrobial agents need to be addressed.

Opportunities: Expanding application scope in household goods, food industry and transportation. Growing infrastructure development in emerging nations.

Threats: Strict environmental and safety regulations for product approval. Substitution threat from alternative coating technologies like plasma deposition and sol-gel coatings.

Key Takeaways

The global antimicrobial coatings market is expected to witness high growth during the forecast period of 2023 to 2030 supported by increased spending on healthcare infrastructure and rising consumer awareness. The global antimicrobial coatings Market is estimated to be valued at US$ 4.65 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.

The Asia Pacific region dominated the market in 2024 attributed to rapid industrialization and infrastructure development in China, India and other ASEAN countries. North America and Western Europe will continue to be the major revenue generators owing to well established healthcare systems, stringent hygiene regulations and growing geriatric population susceptible to infections. However, Asia Pacific is anticipated to record highest CAGR during the projection period on back of favorable government policies, rising per capita income and demand for antimicrobial surfaces in hospitals, public transit and commercial buildings in the region. Key players operating in the antimicrobial coatings market are AkzoNobel Coatings Inc., BASF, RPM International Inc., Dow Chemicals, PPG Industries Inc., Diamond Vogel, Royal DSM, and Sherwin-Williams Company. Major players are focusing on new product launches with enhanced properties and strategic mergers and acquisitions to bolster their market presence. Collaboration with coating applicators and end-users is another key strategy adopted by leading brands.

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The Global Antimicrobial Coatings Market size was $3.9 billion in 2021, and is projected to reach to a value of more than $6.4 billion by 2030, registering a CAGR (compound annual growth rate) of over 10% from 2022 to 2030.