Antimicrobial Coatings Market Size Worth USD 29.11 Billion By 2030

Posted 2024-01-08 08:04:46

Market Overview In 2021, the global antimicrobial coatings market reached a size of USD 9.02 Billion, with a projected revenue Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period. The primary driver of revenue growth is the increased adoption of antimicrobial coatings in the medical sector. These coatings, particularly in the form of antimicrobial plastic coatings, find applications in healthcare and catering facilities, washrooms, and various locations, effectively reducing the presence of odor-causing bacteria and preventing product degradation.

The demand for antimicrobial coatings is further propelled by their use in medical equipment and devices such as catheters, surgical instruments, and medical electronics. The need to minimize the risk of infections during medical procedures has led to a surge in demand for these coatings. For instance, catheter usage alone contributes to approximately 80,000 bloodstream infections in the United States annually, with a 0.5% infection rate among pacemaker receivers.

Get a sample copy of the Antimicrobial Coatings Market report: https://www.reportsanddata.com/download-free-sample/939

Additionally, antimicrobial coatings are employed in medical fabrics like gloves, surgical masks, wound dressings, and textiles used in healthcare facilities. Notable collaborations, such as the exclusive agreement between Microban International and Manchester Mills, underscore the increasing use of antimicrobial-treated textiles in healthcare settings.

The market dynamics also highlight the rising demand for antimicrobial coating additives, offering protection against fungi, mold, and mildew. These additives are crucial for outdoor applications, contributing to the overall market revenue growth. Antimicrobial plastics play a significant role in enhancing the lifespan of plastic materials and maintaining sanitary conditions. The adoption of antimicrobial polymers in healthcare settings further contributes to reducing the spread of microorganisms.

Market Dynamics: Driver: The increasing demand for antimicrobial coatings in the construction and food and beverage industries is a significant driver. These coatings provide long-term protection against disease-causing bacteria in various settings, including schools, commercial buildings, restaurants, public venues, and residential buildings. Additionally, they are widely used in maintaining interior air quality in air handling systems, such as ventilation, heating, air conditioning, ceilings, and fans.

Driver: The food and beverage industry's rising demand for antimicrobial coatings, especially in food processing, dairy, large-scale production, and packaging, is another key driver. Antimicrobial food packaging helps extend the shelf life of perishable foods by limiting bacteria growth on the food surface.

Driver: Antimicrobial technology's application in creating protective barriers on fabrics contributes to the market's revenue growth. This technology helps combat odor-causing bacteria, mold, and mildew, ensuring antimicrobial fabric products remain fresh for longer periods.

Restraint: The adverse health effects associated with the emission of active substances from antimicrobial coatings pose a significant restraint. The active chemicals, including silver, zinc, and copper, can be harmful to aquatic organisms, and the toxins introduced into wastewater can affect the marine environment.

Key Takeaways:

Type Insights: The global antimicrobial coatings market is segmented into silver, copper, titanium dioxide, and others. In 2021, the silver segment dominated the market, driven by its unique qualities that hinder the propagation of microorganisms. Silver zeolite, silver ions, and ion exchange are commonly combined in antimicrobial coatings to neutralize germs effectively.

Application Insights: The market is segmented into medical & healthcare, food & beverage, building & construction, protective clothing, Heating, Ventilation and Air Conditioning (HVAC) systems, and transportation. The medical & healthcare segment is expected to witness significant revenue growth, with the use of antimicrobial coatings in medical devices, catheters, and electronic components.

Product Insights: The market is categorized into antimicrobial powder coatings and surface modifications and coatings. The antimicrobial powder coatings segment is projected to experience substantial revenue growth, with silver ions playing a key role in preventing the growth of bacteria, mold, and spoilage on coated products.

Regional Insights: North America led the market in 2021 due to increasing disposable income and rising concerns about hospital-acquired infections. The Asia Pacific region is expected to exhibit fast revenue growth, driven by rapid industrialization, urbanization, and increasing demand for antimicrobial coatings in various industries.

Competitive Landscape: The global antimicrobial coatings market features a fragmented competitive landscape with key players operating on both global and regional levels. Major companies, including Akzo Nobel N.V., Lonza, DuPont, PPG Industries, Inc., and others, engage in product development and strategic alliances to enhance their market presence. Notable collaborations, such as ZetaDisplay AB partnering with Kastus, highlight the industry's commitment to delivering innovative antibacterial surface-coating technologies.

Explore Trending Reports:

Ultraviolet-C Lighting High Purity Quartz Sand Market-https://www.reportsanddata.com/report-detail/ultraviolet-c-lighting-high-purity-quartz-sand-market

High Purity Quartz Market-https://www.reportsanddata.com/report-detail/high-purity-quartz-market

Microalgae Based Product Market-https://www.reportsanddata.com/report-detail/microalgae-based-product-market

Oleic Acid Market-https://www.reportsanddata.com/report-detail/oleic-acid-market

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/939

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports