| The report “Antimicrobial Coatings Market by Type (Sliver, Copper, Titanium Dioxide), End-user Industry (Medical & Healthcare, Building & Construction, Protective Clothing, HVAC System, Transportation), and Region – Global Forecast to 2027″, Antimicrobial coatings market size is projected to reach USD 7.0 billion by 2027 from USD 4.2 billion in 2022 growing at a CAGR of 10.8%.
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Some of the prominent key players are:
· AkzoNobel N.V.(Netherlands) · Axalta Coating Systems Ltd. (US) · The Sherwin-Williams Company (US) · BASF (Germany) · PPG Industries Inc. (US) · Nippon Paint Holdings Co. Ltd. (Japan)
Opportunity: Antimicrobial coatings used in innovative applications
The need for antimicrobial coatings has increased significantly during the COVID -19 pandemic in a number of industries, including electronic items, protective apparel, and consumer goods. Several businesses, like Droom, ZAGG Inc., and others have taken the initiative to put antimicrobial coatings to their products in recent years. To guard against numerous ailments, an IIT Madras start-up began to produce fabrics coated in antimicrobial substance.
Medical & Healthcare accounted for the largest share in 2021 in application segment In the medical & healthcare sector, the growing concern about hospital-acquired infections (HAIs) and their related impact on human health is driving the adoption of antimicrobial coatings. Similarly to avoid the spread and growth of the COVID-19 virus and other bacteria on the surfaces, several temporary built and existing healthcare facilities are using antimicrobial coatings as a protective layer on various human contact surfaces such as door handles, trails, beds and healthcare instruments. Antimicrobial coatings have thus emerged as an effective solution in the medical & healthcare sector to fight COVID-19. North America accounted for the largest share of antimicrobial coatings Market in 2021
North America is also estimated to be the largest market for Antimicrobial coatings Market during the forecast period. The growth of the North American antimicrobial coatings market is driven by the rising demand for antimicrobial coatings from the medical & healthcare sector to inhibit the growth of bacteria and microbes causing HAIs and COVID19. Also, due to stringent rules and regulations regarding indoor air quality, HVAC system producers are using antimicrobial coatings on surfaces to maintain the required air quality by inhibiting the growth of mold and bacteria. |
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