Antimicrobial Coatings Market Revenue and Reginal Forecast by 2027 | Top Key Players Are Akzo Nobel N.V., BASF, DuPont, Diamond Vogel Paints and More

Antimicrobial powder coatings market held a major revenue share of over 42% of the global market in 2015. The growth is attributed to the potent use of product that hinders microbial growth. These powdered products are manufactured from different ingredients such silver, bronze, titanium dioxide and copper, which are known to arrest the proliferation of microbes. So, they are predominantly used for sterilizing various equipment used in hospital settings.

Along with this, the product also finds extensive applicability to treat shopping carts in retail stores, escalators, elevators, various kitchen wares, food processing equipment, refrigerators, storage cabinets, shelves etc. Owing to a broad application spectrum, U.S. silver antimicrobial powder coatings market experienced a significant product consumption of about 35 kilo tons in 2018.

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The demand for antimicrobial coating is expected to rise exponentially on account of its wide-scale application across diverse industry verticals. Antimicrobial coatings are mainly used to prevent and impede the growth of bacteria as well as germs on different surfaces. Lately, this coating has gained immense popularity owing to the wide-spread COVID-19 pandemic. Consumers are applying antimicrobial coatings to safeguard their property from coronavirus.

Usually, materials like PVC, latex, lacquer, polyurethane, powder coatings and paints are coated on hard surfaces or textiles to enhance the product’s properties and features. However, these coatings are susceptible to fungal, bacterial and algal growth. Antimicrobial additives play a crucial role in delivering a pleasing and safe coating.
Microbial attacks destroy the appeal of general coatings by developing bacterial or fungal odors and diminishing their inherent properties. This further severely impacts the overall lifespan of the products. Antibacterial coatings could help solve these issues by minimizing odors and staining, thereby extending the product’s lifespan.

Growing opportunities across the Middle East and Africa -

Mounting number of public construction projects coupled with large-scale adoption of renovation activities could boost the adoption of antimicrobial coatings across MEA. Estimates suggest that the MEA antimicrobial coatings market could witness noteworthy gains, recording almost 9.5% CAGR within the predicted timeframe. Antimicrobial coating companies are developing new products to comply with the region’s harsh environment.

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By Application
• Indoor Air Quality
• Antimicrobial Textiles
• Mold Remediation
• Construction Industry
• Antimicrobial textiles Market
• Food Industry
• Medical & Healthcare
• Others

Adoption of strategic business models -
Companies operating in the antimicrobial coatings industry are emphasizing on a handful of business strategies like product innovations, collaborations and acquisitions to maintain their competitive edge. Citing an instance, earlier in September 2020, Advanced NanoTech Lab, an Indian chemical manufacturer, developed a new durable antimicrobial nano coating dubbed ‘Hydraguard Plus’ that has the ability to last up to 90 days and is flexible enough to be extended to 365 days.

Growing demand for high quality solutions to reduce surface transmissions of bacteria and pathogens will drive the demand for antimicrobial coatings. A rapid shift towards high performance solutions in the healthcare sector to reduce infectious diseases has been observed. The key factor fueling the demand for antimicrobial coatings is the COVID-19 outbreak.
The pandemic has resulted in death a large number of people, which has prompted major concerns for reducing infections. Growing consumer awareness pertaining to overall wellbeing and precautionary measures for keeping infections at bay will bolster the demand for antimicrobial coatings.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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