[204 Pages Report] The global antimicrobial coatings market size is projected to grow from USD 3.3 billion in 2020 to USD 5.6 billion by 2025, at a CAGR of 10.7% between 2020 and 2025. 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.

COVID-19 Impact on the Global Antimicrobial Coatings Market

Due to the COVID-19 pandemic, the demand for antimicrobial coatings has been increasing drastically in the medical & healthcare industry. Antimicrobial coatings have gained significant attention and were applied in the several temporary and existing healthcare facilities during the COVID-19 pandemic to prevent the spread of HAIs.

Due to the COVID-19 pandemic, the US is severely impacted and had the highest number of infected people. For the treatment of patients, the government spent over USD 600 million for the building of temporary facilities as of May 2020. As a preventive measure, the touch surfaces, such as beds, handles, medical devices, instruments, and protective gear, were coated with antimicrobial coatings to ensure the utmost safety of people. For the same, silver-based antimicrobial coatings were preferred mainly in the medical & healthcare industry. For instance, the Axalta Coating System had supplied 7,000-pound silver-based antimicrobial coating to Chicago-based temporary facilities to fight against COVID-19.

In April 2020, PPG Industries provided 290 gallons (1,100 liters) of MASTER�S MARK antibacterial interior latex coatings to Shanghai-based Tong Ren Hospital, engaged in the COVID-19 patient treatment.

Antimicrobial Coatings Market Dynamics

Driver: Medical & healthcare sector will lead the market growth during and post-COVID-19 pandemic

Over the recent past, antimicrobial coatings are gaining traction in the medical & healthcare sector across the globe. This is mainly attributed to the growing awareness and government initiatives to prevent the spread of HAIs. At healthcare facilities, HAIs are the leading cause of mortality and morbidity. According to the Office of Disease Prevention and Health Promotion, around 1.7 million patients in the US are infected by HAIs every year. Among this, nearly 100,000 patients die from infections, whereas many more are required to take medical treatment to cure it. These HAIs are directly or indirectly related to the use of medical devices. They occur typically during treatment procedures, such as the insertion of medical devices in the body and breach in the skin.

Several medical devices provide a breeding ground for bacteria and their growth, which is nearly impossible to clean or disinfect with conventional antibiotics. As a precautionary measure, several medical device manufacturers and healthcare facilities have started applying antimicrobial coatings on the products. Supporting this, the governments of European and North American countries have also channelized efforts to curtail the HAIs. In October 2016, the US Department of Health and Human Services (HHS) announced the National Action Plan to Prevent Health Care-Associated Infections for the national acute care hospitals.

Restrain: High cost of products and highly skilled labor requirement

The cost of antimicrobial coatings is high compared to traditional coating products. In developing countries, consumer preference mainly varies with respect to the price of the product. Also, low purchasing power, low per capita income, and low awareness about antimicrobial coatings in the developing countries compared to the developed ones resulted in the high growth of the market. Moreover, the requirement of skilled labor for the application of antimicrobial coatings is hampering the growth of the market.

Challenges: Growing concerns about the toxicity of nanoparticles

The toxic nature of metal nanoparticles has resulted in concerns about its applications, particularly in the medical industry. The properties of metal nanoparticles are significantly different from their bulk form; they differ in terms of their toxic and biological activity. Even long-term exposure to silver and copper coatings might risk human health by inducing skin diseases and breathing issues if it gets into dust. Also, these particles can cause adverse effects on tissues, organs, and cellular & protein levels.

The toxic effects of nanoparticles are specific to size, type of base material, shape, and coatings. Several research studies have been undertaken that specify the toxicity level of nanoparticles and methods through which their toxicity can be controlled by attempting modifications. Biological synthesis of metal nanoparticles has emerged as a potential solution to decrease the toxicity level of nanoparticles.

Opportunities: Growing usage in novel applications

Due to the COVID-19 pandemic, significant growth in demand for antimicrobial coatings is witnessed from several applications, such as protective clothing, consumer goods, and electronic products. Currently, many established companies and startups are developing protective clothing to fight against COVID-19.

In April 2020, the Indian Institute of Technology has developed spray-based antimicrobial coatings for Personal Protective Equipment (PPE), such as face masks, which will kill over 99.9% of bacteria and viruses. In April 2020, IIT-Madras� startup had created textiles with antimicrobial material to fight against COVID-19.

With the growing concern and rising awareness about safety and hygiene across the globe, several manufacturers, such as textile, consumer goods, and electronics manufacturers are focusing on the development of antimicrobial products. It will help to comply with changing consumer preferences and market demand.

In April 2020, CIIRC-Jyothy Institute of Technology developed a polymer-based antimicrobial surface coating for textiles and other industrial applications that has been scaled up and commercialized by National Innovation Foundation (NIF).

Ecosystem Diagram

Silver-based segment projected to lead the antimicrobial coatings market from 2020 to 2025

Based on type, the silver-based antimicrobial coatings segment is expected to be the largest market for antimicrobial coatings. The dominant market position of the silver segment can be attributed to its high efficacy, less toxic, long-lasting effect, and durability. The growth can also be attributed to the rising demand from the medial & healthcare, food & beverage, and other industrial application to ensure the safety and hygiene of the workplaces and to prevent the growth of COVID-19 virus, bacteria, and other microbes on the commonly touched surfaces.

The medical & healthcare segment estimated to be the largest end-user of antimicrobial coatings

The medical & healthcare segment is the largest consumer of antimicrobial coatings. 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. Due to the COVID-19 pandemic, the demand for antimicrobial coatings has been increasing drastically in the medical & healthcare industry.

Antimicrobial coatings have gained significant attention and were applied in the several temporary and existing healthcare facilities during the COVID-19 pandemic to prevent the spread of HAIs. Also, the government of the US and European countries has initiated HAIs action plans to minimize its spread and infection, which, in turn, supports the growth of the market.

North America estimated to account for the highest share of the global antimicrobial coatings market

North America is projected to lead the global antimicrobial coatings market from 2020 to 2025. The growth is attributed to the presence of a large patient pool of COVID-19 and significant investment to build the healthcare system. Also, the ongoing investments for the development of the healthcare sector in the country will support market growth. 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.

Key Market Players

Key players such as AkzoNobel (Netherlands), The Sherwin-Williams Company (US), Axalta Coating Systems (US), PPG Industries (US), Nippon Paint Holdings (Japan), and DuPont de Nemours (US) have adopted various strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the antimicrobial coatings market.

Scope of the Report

Report Metric Details Market size available for years 2018�2025 Base year considered 2019 Forecast period 2020�2025 Forecast units Value (USD Million) and Volume (Kiloton) Segments covered Type, Application, and Region Geographies covered North America, Asia Pacific, Europe, South America, and Middle East & Africa Companies covered AkzoNobel (Netherlands), The Sherwin-Williams Company (US), Axalta Coating Systems (US), PPG Industries (US), Nippon Paint Holdings (Japan), DuPont de Nemours (US), RPM International Inc. (Japan), Diamond Vogel Paint Company (US), BASF SE (Germany), and Burke Industrial Coatings LLC (US) are the top 10 manufacturers are covered in the antimicrobial coatings market.

This research report categorizes the antimicrobial coatings market based on type, application, and region.

By Type

Silver

Copper

Titanium Dioxide

Others (QACs, Zinc-based, Polymer, Organic)

By Application

Medical & Healthcare

Food & Beverage

Building & Construction

HVAC System

Protective Clothing

Transportation

Others (Consumer Electronics, Appliances, and Packaging)

By Region

North America

Europe

Asia Pacific

South America

Middle East & Africa

Recent Developments

In May 2020, Amid of COVID-19 pandemic situation, AkzoNobel, re-launched the Interpon D1000 and 2000 architectural powder coatings, with additional microbial properties.

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 2019, Nippon Paint Holdings started the manufacturing of antivirus coating through the use of Corning�s (US) Guardiant Antimicrobial Particles.

Frequently Asked Questions:

What are the major drivers influencing the growth of the antimicrobial coatings market?

The major drivers influencing the growth of antimicrobial coatings are the increasing demand from the medical and healthcare sectors coupled with the growing demand for the protective clothing across the globe

What are the different type of antimicrobial coatings and how their demand varies?

Industrially, several type of antimicrobial coatings is available in the market. Among these types, silver-based antimicrobial coatings are prevalently used owing to its high efficacy rate compare to other types such as copper, titanium dioxide and zinc-based, among others

What are the major applications for antimicrobial coatings?

The major applications are medical & healthcare, HVAC system, food & beverage, protective clothing, and others.

What is the impact of COVID-19 pandemic on the antimicrobial coatings market?

With the growing intensity of the COVID-19 pandemic across the globe, several temporary healthcare facilities were built to mitigate the healthcare crisis. Also, as a precautionary measure, the antimicrobial coatings are being considered as a potential weapon to evade the spread and safeguard patients and hospital staff from the virus and HAIs. The demand for antimicrobial coatings has thus been drastically increasing in the healthcare sector.

What is the impact of changing regulatory scenarios on the antimicrobial coatings market?

In Europe and North America, the changing guidelines and norms pertaining to the products used in the medical & healthcare sectors have led the manufacturers to upgrade product characteristics to comply with the requirements. Several manufacturers based in APAC have started the use of the antimicrobial coatings on healthcare equipment and medical devices to cater to Europe and North American product guidelines.

What are the emerging trends in antimicrobial coatings manufacturers?

During and post-COVID-19 pandemic, the manufacturers are focusing on the development of new products with antimicrobial characteristics. For the same, the manufacturers have carried out strategic activities such as partnerships, joint ventures, and product developments to comply with the ever-changing demand from the customers and end-use industries.

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