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Antimicrobial Coating Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: September 2023 || SKU: CH5755
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Antimicrobial Coating Market is segmented By Type (Metallic(Silver, Copper, Others), Non-Metallic(Polymeric, Organic)), By Form(Liquid, Powder, Aerosol), By End-User(Building and Construction, Medical and Life Science, Healthcare and Pharmaceutical, Food and Beverages, Packaging, Automotive OEM and Component, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Antimicrobial Coatings Market Size, Demand Insights

Antimicrobial coating market size is expected to record significant growth by reaching up to USD million by 2030, growing at a CAGR of 11.10% during the forecast period (2023-2030). 

 

Antimicrobial Coating Market Scope and Summary

Metrics

Details

Market CAGR

11.10%

Segments Covered

  By Type, By Form, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Antimicrobial coatings are chemical agents that help prevent harmful bacteria, mold, viruses, and germs from growing on the surfaces they are applied. Antimicrobial coatings are widely applied to walls, doorknobs, worktops, and frequently touched surfaces. By decreasing contamination, discoloration, and odor caused by bacterial development, coatings enhance value and improve the functionality of the coated product. Hospitals, clinics, the food and beverage industry, pharmaceutical production companies, and construction buildings employ these coatings.

Protecting surfaces against germs and microorganisms is becoming more common. It is not limited to medical devices or shells. Microbes are sensitive to everything, from characters, equipment, and walls to textiles and food, as they eventually find their way to humans. It is impossible to regularly clean or disinfect the surface or apply harsh chemicals on surfaces to keep bacteria at bay. Cleaning with antimicrobial coatings appears to be the best solution. It is simple to coat the surface with antimicrobial processes that provide a safer and long-term solution using antimicrobial coatings.

Antimicrobial Coating Market Dynamics and Trends

Growing demand for antimicrobial coatings in various healthcare applications has boosted the market share for the product

Healthcare is one of the industries that use smart antimicrobial coatings the most. These coatings are mostly utilized on surgical devices because they prevent germs and bacteria from spreading among patients, surgeons, and caretakers. AMCs include active chemicals that prevent microbes from growing on a surface which aids in the formation of a toxic or non-toxic barrier against harmful microbes.

Antimicrobial coatings can be customized to create a toxic or non-toxic barrier against harmful germs. Antimicrobial agents are being more widely used in medical applications due to this. Furthermore, the antimicrobial coatings' triggering mechanism can be used to design effective medication delivery systems that turn on specific functionality.

Antimicrobial coatings are also utilized in the healthcare business on surgical masks, gloves, bandages, wound dressing, and hospital textiles (woven and non-woven), among other things. Medical materials are the most commonly used antimicrobial coatings among the above-stated uses. Antimicrobial coatings for healthcare applications have the highest market demand in North America and Europe. These areas invest much in research and development and are always working to produce advanced medical gadgets and equipment.

Furthermore, there has been growing awareness about healthcare-related infections (HCAIs), escalating the growth of antimicrobial coating globally. Even though Gram-negative species are more dangerous, the public is more aware of Gram-positive Staphylococcus Aureus outbreaks. Nonetheless, HCAI is widely thought to be preventable. Hand hygiene, regular washing, disinfectant use, and medicines are healthcare workers' most critical preventive strategies. Another method is to use antimicrobial coatings combined with active chemicals that kill bacteria that come into contact with treated surfaces.

Antimicrobial coatings protect against microbial attacks by inhibiting the growth of undesirable bacteria that might cause diseases or product degradation. These coatings can also protect against fungi, a frequent feature for several outdoor applications. As a result, the market's demand is fueled by the increased use of these coatings in the healthcare industry.

High cost coupled with increasing emission of toxic agents from antimicrobial coatings restraints the market growth for the product

Antimicrobial coatings cost more compared to regular coating products. Consumer preferences in underdeveloped countries are primarily determined by product pricing. Furthermore, specialized workers are required to apply antimicrobial coatings, which creates demand for technically qualified workers leading to an increase in the investment in building the business in areas with cheap and unqualified workers. 

In addition, despite all of the antimicrobials' positive advantages, their use in the healthcare industry, combined with diverse cleaning methods, might result in considerable changes in hazardous agent emissions into the environment, thereby limiting market demand. The active substances released by the coatings are expected to make their way into the environment over time, exposing humans, cattle, and microbes to risk. As a result, the rising use of antimicrobial coatings requires a risk-benefit analysis. 

COVID-19 Impact on Antimicrobial Coating Market Growth

During the 2019-2020 period, the demand for antimicrobial coatings in the healthcare sector dramatically improved due to the COVID-19 outbreak. During the COVID-19 pandemic, antimicrobial coatings received much attention and were used to prevent the spread of HAIs at several temporary and existing healthcare facilities.

The U.S. has been severely damaged by the COVID-19 pandemic, with the highest number of afflicted people. As of May 2020, the government had spent over US$ 600 million on constructing temporary facilities to treat patients. Furthermore, to ensure the ultimate safety of humans, touch surfaces such as beds, handles, medical devices, instruments, and protective gear were coated with antimicrobial coatings as a preventive step.

In the medical and healthcare industries, silver-based antimicrobial coatings were chosen. For instance, to combat COVID-19, Axalta Coating System provided 7,000 pounds of silver-based antimicrobial coating to temporary facilities in Chicago. Thus, the antimicrobial coating industry has seen positive growth opportunities due to the COVID-19 outbreak, predominantly due to increased coating demand in the healthcare sector. The market growth momentum is expected to increase in the forecast period due to the growing measures taken by the government to reduce the growth of the virus globally.

Antimicrobial Coating Market Segment and Shares Analysis 

The global antimicrobial coating market is segmented by type, form, end-user, and region.

Silver antimicrobial coatings offer low toxicity and long-lasting antibacterial effect against Gram-positive and Gram-negative bacteria, fungi, protozoa, and some viruses, which has escalated the market demand for the segment

The global antimicrobial coating market is segmented into metallic and non-metallic based on type. Out of the mentioned types, the metallic segment is expected to show the highest market growth in the forecast period. The segment is further classified into silver, copper, and others. The silver sub-segment began taking a significant portion of the market. Silver antimicrobial coatings are frequently utilized because of their low toxicity and long-lasting antibacterial effect against Gram-positive and Gram-negative bacteria, fungi, protozoa, and viruses. Many researchers have become interested in silver (Ag) as an antibacterial substance. The antibacterial activities of Ag are connected to its oxidized state (Ag+), with optimum concentrations ranging between 10 nM and 10 M.

Furthermore, the rise in demand can also be linked to increased demand from the medical and healthcare, food and beverage, and other industrial sectors to guarantee worker safety and hygiene and prevent the spread of the COVID-19 virus, bacteria, and other germs on frequently touched surfaces.

The ongoing studies on silver antimicrobial coating have increased the opportunities for the applications of the segment in different industries. For instance, on April 27, 2022, Researchers at the University of British Columbia discovered a silver bullet' for killing bacteria and preventing them from infecting patients with medical equipment. A team from UBC and the Vancouver Coastal Health Research Institute has created a silver-based coating that can easily be put on catheters and stents. Their innovative formulation, which was identified through the screening of dozens of chemical components, solves the problems with silver that have plagued scientists for years.

In addition, Copper antimicrobial coatings on surfaces result in a high concentration of antimicrobial agents present locally to induce contact death of bacteria with little risk of resistance developing.

Antimicrobial Coating Market Geographical Penetration 

Growth in COVID-19 patients in North America and the growing medical device sector has boosted the market growth for antimicrobial coatings. 

North America had the majority of the worldwide market share. The region's expansion has been fueled by continuous innovation in the healthcare business and increased production of processed foods.

As one of the most affected countries by COVID-19, the U.S. has a significant demand for antimicrobial coatings among North American countries. The construction and healthcare sectors account for the majority of the demand. There were around 28,659,480 confirmed cases in the country as of March 2021. The pandemic has also had a significant negative impact on Canada and Mexico. In March 2021, 884,086 and 2,125,866 confirmed cases were reported in Canada and Mexico, respectively.

The U.S. boasts one of the world's most developed healthcare systems. The COVID-19 outbreak has resulted in a boom in healthcare investment. The expenditure is projected to rise in the coming days as the country seeks to decrease hospital contamination which is expected to drive U.S. antimicrobial coatings market.

Antimicrobial Coating Companies and Competitive Landscape

The global antimicrobial coating market is competitive with local and global key players. Key players contributing to the market's growth are PPG Industries, Nippon Paint Holdings, AkzoNobel, The Sherwin-Williams Company, Axalta Coating Systems, DuPont de Nemours, RPM International Inc, Diamond Vogel Paint Company, BASF SE, Burke Industrial Coatings LLC and among others. 

The major companies are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global growth of the antimicrobial coating market.

• In November 2020, PPG Industries, Inc. announced the debut of antibacterial matt paint under the JOHNSTONE brand, aiming to limit bacterial growth on home walls and expand the company's product offering.

Akzo Nobel

Overview: AkzoNobel is a Dutch multinational paint and performance coatings firm that serves the industry and consumers worldwide. The corporation, headquartered in Amsterdam, operates in over 80 countries and employs over 32,000 people. The company AkzoNobel is focused on paints and coatings. After being acquired by the Carlyle Group, Specialty Chemicals was rebranded as Nouryon on October 9, 2018.

Product Portfolio: Interpon AM – Antimicrobial Powder Paint: AkzoNobel has developed Interpon AM, an innovative range of antimicrobial powder coatings to meet the demand for improved hygiene. The Interpon AM series adds additional capability for architects and specifiers to a product with a long history of exceptional performance by incorporating BioCote silver ion technology. The extended range is available globally and protects against microorganisms on various indoor and outdoor surfaces.

Key Development

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

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FAQ’s

  • Antimicrobial Coating Market is expected to grow at a CAGR of 11.10% during the forecasting period 2023-2030.

  • Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.

  • North America region Controls the Antimicrobial Coating Market during 2023-2030.

  • PPG Industries, Nippon Paint Holdings, AkzoNobel, The Sherwin-Williams Company, Axalta Coating Systems, DuPont de Nemours, RPM International Inc, Diamond Vogel Paint Company, BASF SE, Burke Industrial Coatings LLC