Antimicrobial Coatings Market to Reach US$ 8.4 Billion by 2028, Catalyzed by Increasing Applications Across Various Industries

According to the latest report by IMARC Group, titled "Antimicrobial Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global antimicrobial coatings market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.1% during 2023-2028.
Antimicrobial coatings are chemical agents that help to prevent the growth of harmful bacteria, mold, viruses, and germs on the applied surfaces. These are non-toxic, biocompatible, and bio-stable coatings that improve the functionality of the product by reducing the chance of contamination, stain, and smell caused due to bacterial growth. They offer long-lasting protection against pathogens by increasing surface durability and appearance, improving corrosion resistance, and suppressing microbial growth. They are generally applied on walls, vents, counters, and door handles. Additionally, they find vast applications in clinics, hospitals, and healthcare centers to sterilize medical tools, surgical masks, gloves, and clothing.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Industry Demand:

The increasing adoption of antimicrobial coating by the healthcare sector is driving the global market. Moreover, growing demand for heating, ventilation and air conditioning (HVAC) systems to improve indoor air quality and rising awareness regarding healthcare-associated infections (HCAI) is augmenting the market. In line with this, the increasing need to reduce the occurrence of hospital and food-acquired infections is providing a thrust to the demand for antimicrobial coating. Furthermore, numerous major companies are focussing on developing multi-functional, low cost and durable antimicrobial coating, which is acting as another growth-inducing factor. Other factors, such as growing awareness about safety and hygiene products and extensive research and development (R&D) activities by leading players, are also influencing the market.

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Key Market Segmentation:

Competitive Landscape with Key Players:

• Akzo Nobel N.V.
• BASF SE,
• Diamond Vogel Paint Company
• Axalta Coating Systems Ltd.
• NIPSEA Grou
• PPG Industries, Inc.
• Koninklijke DSM N.V.
• RPM International Inc
• The DOW Chemical Company
• Sherwin-Williams Company

Breakup by Product Type:

• Silver Antimicrobial Coatings
• Copper Antimicrobial Coatings
• Others

Breakup by Application:

• Indoor Air Quality
• Mold Remediation
• Medical/Healthcare
• Food and Beverage
• Textile
• Others

Breakup by Region:

• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

NOTE: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Reports of IMARC Group:

• https://www.imarcgroup.com/substation-automation-market
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• https://www.imarcgroup.com/nanomedicine-market
• https://www.imarcgroup.com/epigenetics-market
• https://www.imarcgroup.com/cybersecurity-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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