Global Antimicrobial Coatings Market Research Report: By Product (Antimicrobial Powder Coatings and Surface Modifications & Coatings), By Application (Sanitary Facilities & Kitchen, Air Conditioning & Ventilation Systems, Food Processing & Packaging, Antimicrobial Textile, Mold Remediation, Construction, Medical Devices, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.
The Global Antimicrobial Coatings Market was valued at USD 7.85 billion in 2022, and is predicted to reach approximately USD 18.97 billion by 2031, at a CAGR of 10.3% from 2023 to 2031. Antimicrobial coatings are advanced surface treatments that aim to hinder the growth and transmission of microorganisms, such as bacteria, viruses, and fungi. These coatings are administered on diverse materials and surfaces, encompassing metals, plastics, textiles, and ceramics, to establish a protective shield against harmful pathogens. By integrating antimicrobial agents like silver ions, copper, or organic compounds into the coating, these surfaces become unfavorable for microorganisms, preventing their survival and reproduction. Antimicrobial coatings bring forth a range of advantages, including a decreased risk of infections in healthcare environments, enhanced hygiene in public spaces, and durable protection on frequently touched surfaces. They are employed in hospitals, schools, public transportation, food processing facilities, and other busy areas where microbial contamination poses a concern.
ANTIMICROBIAL COATINGS MARKET: REPORT SCOPE & SEGMENTATION
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Report Attribute |
Details |
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Estimated Market Value (2022) |
7.85 Bn |
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Projected Market Value (2031) |
18.97 Bn |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product, By Application, & Region |
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Segments Covered |
By Product, By Application, & Region |
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Forecast Units |
Value (USD Billion or Million), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Global Antimicrobial Coatings Market Dynamics
The antimicrobial coatings market is influenced by various factors. One significant driver is the increasing awareness regarding hygiene and the necessity to control the spread of infections across different sectors, including healthcare, food processing, and packaging. The growing concerns surrounding healthcare-associated infections and the need for effective preventive measures specifically boost the demand for antimicrobial coatings in healthcare facilities. Moreover, the desire for improved hygiene and cleanliness drives the rising demand for antimicrobial coatings in consumer goods like textiles, electronics, and household appliances. The market is further propelled by the enforcement of strict regulations and guidelines by government bodies, particularly in healthcare settings, regarding the usage of antimicrobial coatings. Additionally, the market benefits from the emergence of novel antimicrobial technologies and ongoing research and development endeavors aimed at enhancing the effectiveness and durability of these coatings.
Global Antimicrobial Coatings Market Drivers
There is a growing awareness about hygiene and the need to control the spread of infections in various sectors, such as healthcare, food processing, and packaging. This awareness drives the demand for antimicrobial coatings as they provide an additional layer of protection against harmful microorganisms.
Restraints:
Antimicrobial coatings can be more expensive compared to traditional coatings due to the incorporation of antimicrobial agents. The higher cost can be a restraint for some end-users, limiting the widespread adoption of these coatings, especially in cost-sensitive industries.
Opportunities:
The growing healthcare infrastructure, especially in emerging economies, presents significant opportunities for the antimicrobial coatings market. The incorporation of antimicrobial coatings in new healthcare facilities and renovation projects provides a potential market for these coatings.
Segment Overview
By Product Type
Based on the product type, the global antimicrobial coatings market is segmented into antimicrobial powder coatings and surface modifications & coatings. The surface modification & coatings segment is dominating the market with the largest revenue share of around 51.6% in 2022. The demand for surface modification and coating technologies that provide improved functionality, durability, and protection for various materials and surfaces is on the rise. Industries such as automotive, aerospace, electronics, and healthcare are increasingly embracing surface modification and coatings to enhance performance, minimize wear and tear, and strengthen resistance against corrosion, chemicals, and microbial contamination.
By Application
Based on the application, the global antimicrobial coatings market is segmented into sanitary facilities & kitchens, air conditioning & ventilation systems, food processing & packaging, antimicrobial textile, mold remediation, construction, medical devices, and others. The medical devices segment is dominating the market with the largest revenue share of around 37.5% in 2022. The demand for antimicrobial coatings on medical devices is driven by the healthcare industry's heightened attention to infection control and patient safety. These coatings play a crucial role in preventing microbial contamination and mitigating the risk of healthcare-associated infections. Moreover, the increasing volume of surgeries, advancements in medical technology, and the expanding aging population all contribute to the growing demand for medical devices integrated with antimicrobial coatings.
Global Antimicrobial Coatings Market Overview by Region
By Region, the global antimicrobial coatings market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America held the largest share, of around 40.3%, of the global market in 2022. The demand for antimicrobial coatings in healthcare settings is driven by the region's well-developed healthcare infrastructure and strict regulations pertaining to infection control. Furthermore, the growing focus on hygiene and cleanliness in public spaces, including schools, commercial buildings, and transportation, serves as an additional catalyst for market growth. The presence of prominent market players and continuous research and development efforts in the region also contribute to its significant market share. Moreover, North America's robust manufacturing sector, encompassing electronics, textiles, and food processing, generates a strong demand for antimicrobial coatings to ensure product safety and hygiene.
Global Antimicrobial Coatings Market Competitive Landscape
In the global antimicrobial coatings market, a small number of prominent players hold significant market dominance and have established a strong regional presence. These key participants are committed to ongoing research and development initiatives. Additionally, they actively engage in strategic growth endeavors such as product development, product launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position and expand their customer base to capture a substantial share of the market.
Some of the prominent players in the global antimicrobial coatings market include AkzoNobel N.V., AK Steel Corp., Lonza, Diamond Vogel, DuPont, Axalta Coating Systems, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Koninklijke DSM N.V., Burke Industrial Coatings, The Sherwin-Williams Company, and various other key players.
Global Antimicrobial Coatings Market Recent Developments
In February 2022, Nippon Paint Holdings Co. Ltd. increased its product line with the introduction of Protection Floor VK Clear, an antiviral and antibacterial paint created exclusively for interior and semi-exterior floors. Nippon Paint Holdings Co. Ltd. also released Protection Interior Wall VK Coat, a new product for interior wall applications.
Scope of the Global Antimicrobial Coatings Market Report
Antimicrobial Coatings Market Report Segmentation
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ATTRIBUTE |
DETAILS |
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By Product |
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By Application |
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By Geography |
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Customization Scope |
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Pricing |
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Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the global antimicrobial coatings market segmented by product, by application, region, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of antimicrobial coatings between 2019 and 2031.
To identify and infer the drivers, restraints, opportunities, and challenges for the global antimicrobial coatings market
To find out the factors which are affecting the sales of antimicrobial coatings among consumers
To identify and understand the various factors involved in the global antimicrobial coatings market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the companies past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
