The latest report by IMARC Group, titled “Antimicrobial Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global antimicrobial coatings market size reached US$ 4.6 Billion in 2022. Antimicrobial coatings refer to germ-neutralizing products designed to prevent the growth of disease-causing microorganisms. They inhibit the growth of mold, mildew, pathogens, bacteria, fungi, and parasites on different surfaces to maintain quality, cleanliness, and hygiene. They provide long-lasting protection against germs, eliminate the need for frequent cleaning, reduce the chances of discoloration, prevent cracking and loss of tensile strength, and extend the shelf life of products. They also improve the functionality, durability, and appearance of surfaces while shielding them against the attack of microbes. As a result, antimicrobial coatings find extensive applications across various industries, including food and beverage (F&B), textile, automotive, healthcare, and construction.
Global Antimicrobial Coatings Market Trends:
The increasing product applications across various end use industries represent the primary factor driving the market growth. For instance, antimicrobial coatings are widely used in the food and beverage (F&B) sector for storing, packaging, and transportation purposes to maintain food quality and safety. Besides this, the rising product usage to sterilize medical tools, surgical masks, gloves, bandages, wound dressings, and clothing for minimizing microbial activity and developing antimicrobial resistance (AMR) is another major growth-inducing factor. Additionally, with the growing awareness regarding the sick building syndrome (SBS), wherein residents of a building experience acute health issues due to deteriorating indoor air quality, there has been widespread adoption of antimicrobial coatings in building interiors. In line with this, the increasing consumer consciousness regarding safety and hygiene, along with the recent outbreak of coronavirus disease (COVID-19), has accelerated the adoption of antimicrobial coatings. Furthermore, the leading manufacturers are engaging in research and development (R&D) activities to launch innovative product variants, such as antibacterial matt paint and powder and spray-based coatings, which is contributing to market growth. Other factors, including the escalating demand for packaged and ready-to-eat (RTE) foods, surging cases of diseases caused by contaminated food, rising concerns about hospital-acquired infections (HAIs), and stringent regulations imposed by governments of various nations, are also creating a favorable market outlook. Looking forward, the market value is anticipated to reach US$ 8.4 Billion by 2028, growing at a CAGR of
10.1% during the forecast period (2023-2028).
- Based on the product type, the market has been categorized into silver, copper, and other antimicrobial coatings. Amongst these, silver antimicrobial coatings represent the most popular segment.
- The market has been divided based on the application into indoor air quality, mold remediation, medical/healthcare, food and beverage, textile, and others. Currently, medical/healthcare accounts for the majority of the market share.
- Region-wise, North America holds the leading position in the market. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
- The competitive landscape of the market has also been examined, with some of the key players being Akzo Nobel N.V., BASF SE, Diamond Vogel, Axalta Coating Systems, LLC, Nippon Paint Company Ltd, PPG Industries, Inc., Royal DSM N.V., RPM International Inc., The DOW Chemical Company, and The Sherwin-Williams Company.
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