Antimicrobial Coatings Market 2021: Future Competitive Landscape, Research on Deep Learning Technology by Cupron, Fiberlock, AK Coatings, Axalta Coating etc. and Regional Analysis till 2028

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.

Antimicrobial coatings are commonly used on the surface of doors, counters, door handles, and other high-touch areas such as mechanical and HVAC vents. They are also sprayed on gloves, masks, carpeting, and textiles on occasion. Paint manufacturers use antimicrobial coatings in their primer products and wall paint to limit pathogen development in facilities. Factors such as 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.

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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.

Impact of COVID-19 Pandemic on Antimicrobial Coatings Market:

The COVID-19 pandemic has adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The chemical and materials industry 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 leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and various goods sales. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are adversely affecting the business collaborations and partnerships opportunities. All these factors are hindering the chemical and materials industry and thus act as restraining factors for the growth of various markets related to this industry. The market for antimicrobial coating is impacted by the pandemic due to shortfall in production along with limited transportation facilities.

Key Highlights:

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the global antimicrobial coatings market, thereby allowing players to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Key Companies are:

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

Table of Content:

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
.
.
Continued........

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This release was published on openPR.