Antimicrobial Coatings Market Size, Share & Forecast | described in a new market report

The global 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.

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. However, the use of antimicrobial coatings is not limited to medical industry and has been expanding across diversified end-use industries such as indoor air/HVAC applications, building and construction, food & beverage, mold remediation, and packaging. With effective research studies and development procedures, researchers and scientists are coming up with innovative products related to antimicrobial coatings. The latest innovation is associated with the development of multifunctional, low cost, and durable antimicrobial coatings. This is expected to provide lucrative opportunities to the key players operating in the market.

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Analysis of the Top Market Players:

1. Cupron
2. Alistagen Corporation
3. AK Coatings Inc.
4. Fiberlock
5. Microban International Ltd.,
6. PPG Industries Inc.
7. Akzo Nobel N.V.
8. DuPont de Nemours, Inc.
9. Nano-Care Deutschland AG
10. Axalta Coating Systems

In this report, the market has been segmented on the basis of:

Raw Material (Silver, Copper, Titanium Dioxide, and Others)
Application (Medical, HVAC, Mold Remediation, Building and Construction, Foods and Beverages, and Others)

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Based on raw material, the antimicrobial coatings market is segmented into silver, copper, titanium oxide, and others. The market for the copper segment is expected to grow at at the fastest pace during the forecast period. Copper is a commonly used antimicrobial active ingredient due to its potency and chemical stability, which allows it to be integrated into several substrates. Copper's antimicrobial mechanism has shown that when microbes land on a surface, copper ions are released (e.g., from touching, coughing, and sneezing). These copper ions enter the organism by breaking down the cell membrane of bacteria or the coating of a virus. Copper ions can also bind to important proteins in the body (such as enzymes), causing them to malfunction and eventually destroy the organism. Copper has been shown to destroy 99.9% of most pathogens within two hours of contact and, in some cases, to outperform other costly metals with antimicrobial activity, such as silver and gold.

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