“Antimicrobial Coatings Market size is projected to grow from USD 3.9 billion in 2021 to USD 6.4 billion by 2026, at a CAGR of 10.5% between 2021 and 2026. The demand for antimicrobial coatings can be attributed to the growing awareness about safety and hygiene, stringent regulations, and increasing adoption across the several industrial applications of antimicrobial coatings in industries.
This report also provides a comprehensive analysis of the companies listed below:AkzoNobel (Netherlands), The Sherwin-Williams Company (US), Axalta Coating Systems (US),PPG Industries (US),Nippon Paint Holdings (Japan),DuPont de Nemours (US),
Research Coverage:
The market study covers the antimicrobial coatings market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, material, application, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the antimicrobial coatings market.
Due to the COVID-19 pandemic, AkzoNobel has started aggressive marketing and sales of antimicrobial coating products and is targeting its products as major revenue contributors for the second and later quarters in 2020. In May 2020, the company relaunched Interpon D1000 and 2000 architectural powder coatings, with additional microbial properties with the same purpose. This product finds application in hospitals, clinics, residential & commercial buildings, schools, and public transport, among other areas.
Due to the COVID-19 pandemic, there has been a spike in demand for protective gear products, such as PPE kits, face masks, sanitizers, and coatings, among others. Since January 2020, several new manufacturers have ventured into the antimicrobial coatings market to cater to the rising demand from the healthcare & medical, commercial, and industrial sectors. In April 2020, Strauss Group’s subsidiary Bio-Fence (Israel) launched antimicrobial coating products for hospitals, factories, hotels, offices, train stations, and airports, among other applications. Several start-ups have emerged recently and are offering services related to the antimicrobial coatings. These companies are emphasizing on the aggressive marketing strategy to reduce the lead time to customers. In March 2020, GrapheneCA (Nano Graphene Inc.) launched antimicrobial coating products. Also, in April 2020, the company launched products on the online portal to optimize customer reach and reduce the lead time to customers.
Other companies have initiated the following developments:
- In May 2020, PPG Industries launched a quick-ship program for PPG SILVERSAN antibacterial powder coating, which is formulated specially with silver ionic technology.
- In June 2018, Nippon Paint Holdings launched a new product, Antivirus Kids Paint, for the niche segment, i.e., interior wall paint for kids’ rooms.
- In January 2020, ZAGG, Inc. (US) had a partnership with the antimicrobial coatings provider Kastus Technologies (Ireland) to develop antimicrobial screen protection for tablets, smartphones, and other electronic devices, which find applications at malls and public places, among others.
“Silver segment estimated to lead the antimicrobial coatings market in 2019”
By type, the silver-based segment accounted for the largest share in the overall antimicrobial coatings market. It is used widely due to its properties, such as high efficacy rate, long-lasting effect, durability, and strength, among others. Also, the higher efficiency and low toxic nature compared to other types support the growth of the market. Also, increasing penetration in the medical & healthcare, protective clothing, food & beverage, and HVAC system applications.
“The medical & healthcare sector is estimated to be leading consumer of antimicrobial coatings”
The medical & healthcare segment led the overall antimicrobial coatings market in 2019, both in terms of value and volume. In the medical & healthcare industry, the growing concern about hospital-acquired infections (HAIs) and its related impact on humans are major driving factors for the antimicrobial coatings market. There has been a significant increase in the patient pool across the globe due to the COVID-19 pandemic. For the treatment of these patients, temporary hospitals and facilities have been established in several countries, wherein the utmost care has been taken to avoid the spread and growth of the COVID-19 virus and other bacteria on the surfaces. For the same, these temporary and existing healthcare facilities are applying antimicrobial coatings on the surfaces, such as door handles, trails, beds, healthcare instruments, and medical devices used for the treatment.
“North America projected to account for the largest share of the antimicrobial coatings market during the forecast period”
North America is projected to have the largest share in the global antimicrobial coatings market, in terms of both value and volume, from 2020 to 2025. The North American antimicrobial coatings market is driven by the rising demand from the medical & healthcare sector to inhibit the growth of bacteria and microbes, causing HAIs. In North America, the US is severely impacted by the COVID-19 pandemic compared to Canada and Mexico. There is a significant increase in the demand from the medical & healthcare application due to the COVID-19 pandemic to evade the transmission of bacteria from surface to surface. Several manufacturers supply antimicrobial coatings to these facilities to ensure the safety of patients and hospital staff. Also, due to the stringent regulations pertaining to the indoor air quality, the HVAC system manufacturers are incorporating antimicrobial coatings on surfaces to ensure the required air quality by inhibiting the growth of mold and bacteria.
