Antimicrobial coatings market Top Companies Study - American Express, Bank of America Corporation, Barclays PLC, Capital One, Citigroup Inc., JPMorgan Chase & Co.

The global antimicrobial coatings market is estimated to reach over USD 13.47 billion by 2031, exhibiting a CAGR of 6.15% during the forecast period.

The antimicrobial coating is nothing more than a chemically based treatment on a surface. This application can greatly inhibit the growth of many bacteria that are detrimental to the human body and cause various diseases. Many organisations favor the application of these compounds that serve as antimicrobial coatings since it enhances the surface's attractiveness.

It offers higher durability and shields the surface from corrosion. Different characters can have antimicrobial coatings put on them, and these coatings can be there for up to 90 days. These coatings are quite effective at stopping the development of different bacteria.

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These antimicrobial coatings are waterproof and stain-resistant, as well as easy to clean. Due to a rise in the demand for cleanliness across various industries, particularly in buildings with high traffic levels, the demand for antimicrobial coatings is anticipated to increase over the forecast period. Antimicrobial coatings will be more in demand in a variety of buildings, including offices, healthcare facilities, and educational institutions.

The SHER-NAR coating must adhere to the requirements of the American Architectural Manufacturers Association, which largely involve a three-coat finishing procedure. The most efficient coatings option, AAMA 2605-13, is frequently employed in architectural applications. Antibiotic penetration through biofilm has recently been deemed less effective than local antibiotic administration directly to the local surface. Before the biofilm forms, the bacteria are quickly destroyed. The bone cement that is used to repair implants connected to orthopedic and orthodontic implants can be treated with these antibiotics.

List of Prominent Players in the Antimicrobial Coatings Market:
• Advanced Nanotech Lab (Ant Lab)
• AK Steel Corp.
• AkzoNobel N.V.
• Apogee Enterprises, Inc
• Axalta Coating Systems
• Burke Industrial Coatings
• Diamond Vogel
• Dow Chemical Company
• E. I. Du Pont De Nemours
• Jotun Group
• Koninklijke DSM N.V.
• Lonza
• Nippon Paint Holdings Co., Ltd.
• Novapura Ag
• PPG Industries, Inc.
• Pylon Coatings
• RPM International Inc.
• Sciessent Llc
• Sika AG
• The Sherwin-Williams Company
• Troy Corporation

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Market Dynamics:
Drivers-
Over the past several days, antimicrobial coatings have become more and more common in the medical and healthcare industries globally. This may be a result of increased sanitary awareness and government initiatives to halt the spread of infections contracted in hospitals (HAIs). These HAIs are connected, either directly or indirectly, to injections, catheters, and other medical equipment that frequently pierce the skin or implant into the body. These coatings, which help prevent microbial growth, are widely used in the healthcare and medical sectors. The demand from this sector is anticipated to drive growth in the antimicrobial coatings market.

Challenges:
Concerns have been expressed concerning the moulded nanoparticles' possible use, particularly in the medical and healthcare sectors, due to their dangerous characteristics. Metal nanoparticles have a different biological activity and poisonousness than their aggregate form. Since breathing in copper and silver coatings encourages skin disease, prolonged contact with these materials may be hazardous to human health. A potential strategy for reducing the toxicity of these particles is the biological synthesis of metal nanoparticles.

Regional Trends:
During the projection period, the North American region will lead the market. One of the factors driving the expansion of the market in this area is the existence of numerous producers of antimicrobial coatings. The demand for antimicrobial coatings is anticipated to increase since the number of schools, colleges, and hospitals being built in the North American region has remained the same.

The number of hospitals and healthcare facilities being built in the United States has increased. The market will be dominated during the forecast period by the region's growing population and rising disease rates. On the other hand, due to an increase in demand for antimicrobial coatings in both the construction and pharmaceutical industries, the Asia Pacific region is also anticipated to grow strongly over the forecast period. The market in this area will develop as a result of an increase in patients and frequent hospital visits. The pandemic epidemic has also increased demand for antimicrobial coatings in the Asia Pacific region's poorer countries.

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Recent Developments:
• In Oct 2022, BASF and Hannong Chemicals intended to establish a strategic production alliance called "BASF Hannong Chemicals Solutions Ltd." The joint venture will combine BASF's robust technology and product innovation capabilities with Hannong's highly efficient production capabilities to supply best-in-class non-ionic surfactant products to BASF and Hannong Chemicals, both of which have their own sales and distribution networks, allowing the two companies to meet rising market demand.
• In May 2020, in consideration of the pandemic, AkzoNobel re-released the Interpon D1000 and 2000 architectural powder coatings.
• In May 2020, PPG Industries introduced a quick-ship program for PPG SILVERSAN antibacterial powder coating. This coating was created with specific silver ionic technology.
• In April 2020, Axalta stated that it would supply E&R Powder Coating with over 7,000 pounds of its Alesta AM powder coatings for bed frames for a temporary hospital at McCormick Place in Chicago, IL, for coronavirus patients. The company will offer 7,000 pounds of its Alesta® AM proprietary powder to aid in the inhibition of microbial development.

Segmentation of Antimicrobial Coatings Market-
By Type-
• Silver
• Copper
• Titanium Dioxide
By End use industry-
• Medical & Healthcare
• Building & Construction
• Protective Clothing
• HVAC System
• Transportation Automotive
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.