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Antimicrobial Coatings Market 2021| Business Strategies, Demand, Key Country Analysis with Forecast 2027

Antimicrobial Coatings Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Raw Material (Silver, Copper, Titanium Dioxide, and Others) and Application (Medical, HVAC, Mold Remediation, Building and Construction, Foods and Beverages, and Others)

The antimicrobial coatings market was valued at US$ 2,918.30 million in 2019 and is projected to reach US$ 7,514.56 million by 2028; it is expected to grow at a CAGR of 11.2% from 2020 to 2028.

The increasing health care associated infections and rising use of antimicrobial coatings in healthcare setting for sterilization of medical devices propel the demand for antimicrobial coatings. The healthcare industry is expected to witness monumental transformation owing to the factors such as rapidly growing urbanization, rising instance of infectious diseases, and shifting lifestyle of consumers. However, the use of antimicrobial coatings is not limited to medical industry and has been expanding across diversified end-use industries such as indoor air/HVAC applications, building and construction, food & beverage, mold remediation, and packaging. With effective research studies and development procedures, researchers and scientists are coming up with innovative products related to antimicrobial coatings. The latest innovation is associated with the development of multifunctional, low cost, and durable antimicrobial coatings. This is expected to provide lucrative opportunities to the key players operating in the market.

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In 2019, North America held the largest share of the global antimicrobial coatings market. In the region, the US is a major market for antimicrobial coatings, followed by Canada and Mexico. The growth of the market in North America is attributed to the strong presence of several domestic and foreign players, and ongoing investments in the advancement of the healthcare sector across the US and Canada. In addition, the continuously rising number of COVID-19 patients also drives the market growth.

The COVID-19 pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. The chemical & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the activities in the chemical & materials industry, which are restraining the growth of various markets related to this industry.

Market Insights

Rising Instance of Hospital-Acquired Infections (HAIs)

Healthcare-associated infections (HCAI) or nosocomial infections are the infections associated with the equipment and devices such as catheters or ventilators used during medical procedures. Over the period, there has been rising prevalence of HCAI diseases, which has become a serious concern among various economies. For instance, according to National Center for Biotechnology Information, it has been estimated that almost 2 million patients in the US suffer from HCAI annually, out of which ~98,000 people die. Likewise, in the EU, the European Center for Disease Prevention and Control (ECDC) registers almost 4.1 million acute care patients acquiring HCAI every year with ~37,000 deaths. Further, as per the World Health Organization (WHO), almost 7% and 10% of patients from developed and developing economies respectively have instance of healthcare associated infection during medical treatment. HCAIs poses major health challenge in healthcare units and the conditions arising from HCAIs is the sixth leading cause of death in western nations and even higher in other developing economies.

Therefore, in 2016, AMiCI, an association representing universities and institutes along with organizations and manufacturers, was formed in Europe to increase awareness among people and organizations about research and application of antimicrobial coatings. Antimicrobial coatings are the layers applied on medical equipment that are exposed to sensitive bodily fluids such as blood and urine. Medical equipment needs regular sanitation and disinfection with antimicrobial coatings to avoid infection arising from external bacteria. The rising focus toward impact of HCAI through several programs along with active participation of hospitals and manufacturers to generate the significance of the antimicrobial coatings is expected to stimulate the growth of the global antimicrobial coatings market during the forecast period.

Company Profiles

  • Cupron
  • Alistagen Corporation
  • AK Coatings Inc
  • Fiberlock
  • Microban International Ltd
  • PPG Industries Inc
  • Akzo Nobel N.V
  • DuPont de Nemours, Inc
  • Nano-Care Deutschland AG
  • Axalta Coating Systems

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