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Anti-Microbial Coatings Market 2020 With COVID-19 Impact Analysis, Business Opportunities and Future Outlook 2027

10-28-2020 05:17 PM CET | Health & Medicine

Press release from: Allied Market Research

Anti-Microbial Coatings Market

Anti-Microbial Coatings Market

Rise in demand for protective clothing in the wake of pandemics, increase in adoption in medical applications, and implementation in indoor air/HVAC applications drive the growth of the global anti-microbial coatings market. However, lack of R&D activities hinders the market growth. On the other hand, surge in investments by governments and market players creates new opportunities in the coming years.

According to the report, the global anti-microbial coatings industry generated $4.0 billion in 2019, and is expected to reach $11.6 billion by 2027, witnessing a CAGR of 13.3% from 2020 to 2027.

Download Sample Report with Detailed COVID-19 Impact Analysis @ https://www.alliedmarketresearch.com/request-sample/7778

Covid-19 Scenario:
• Various studies regarding the effectiveness of anti-microbial coatings against Covid-19 have gained momentum. Researchers from the University of Arizona (UA) stated that these coatings can eliminate coronavirus for 90 days with only one application.
• The demand for the coatings has been increased significantly for walls, glass, floors, and railings at schools, hospitals, residential, commercial, and institutions.
• Owing to sudden increase in demand, there has been supply-demand gap. As operations get on track during the post-lockdown period, the supply would increase over time.

The anti-bacterial segment to maintain its lead position during the forecast period:
Based on type, the anti-bacterial segment accounted for the largest market share in 2019, contributing to nearly two-thirds of the global anti-microbial coatings market, and is projected to maintain its lead position during the forecast period. Moreover, this segment is projected to portray the highest CAGR of 13.6% from 2020 to 2027. This is due to its effectiveness against various types of bacteria. The report also analyzes segments such as anti-viral, anti-fungal, and others.

The silver segment to maintain its leadership status during the forecast period:
Based on coating material, the silver segment held the largest share of the market, contributing to more than one-third of the global anti-microbial coatings market in 2019, and is estimated to maintain its leadership status during the forecast period. However, this segment would grow at the highest CAGR of 13.7% from 2020 to 2027. This is attributed to its utilization as anti-bacterial and anti-microbial agent, no harmful effects on human beings, and acceptance for medical purposes. The research also analyzes segments such as copper, graphene, titanium dioxide, and others.

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North America to maintain its dominance by 2027:
Based on region, North America held the largest market share in terms of revenue with more than two-fifths of the global anti-microbial coatings market in 2019, and is expected to maintain its dominance by 2027. This is attributed to increase in demand for its efficacy in preventing the spread of pandemics such as Covid-19 and enhanced healthcare infrastructure. However, Asia-Pacific is estimated to maintain its highest CAGR of 13.8% during the forecast period. This is due to surge in demand for products and improved healthcare systems.

Leading Market Players:

• Arkema SA
• Nippon Paints Holdings, Co. Ltd.
• PPG Industries, Inc.
• Akzo Nobel N.V.
• BASF SE
• DuPont De Nemours, Inc.
• Biomerics
• Axalta Coating Systems, LLC
• Nano-Care Deutschland AG
• Bio-Fence
• The Sherwin-William Company

Obtain Report Details: https://www.alliedmarketresearch.com/anti-microbial-coatings-market-A07413

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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