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Future of The Antiviral & Antimicrobial Coatings Market: Size, Share & Forecasts to 2029
The Antiviral & Antimicrobial Coatings
What Is the Projected Market Size Valuation of the The Antiviral & Antimicrobial Coatings Market by 2025?
The market size for antiviral & antimicrobial coatings has seen robust growth in the recent past. The market, which stood at $4.93 billion in 2024, is projected to escalate to $5.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.0%. Various factors that have contributed to this growth in the preceding period include long-lasting durability, worldwide pandemics, uptake in different industries, hospital-acquired infections (HAIs), consumer demand, and a rise in hygiene consciousness.
What Is the Estimated Market Growth Value for the The Antiviral & Antimicrobial Coatings Industry in 2029?
Expectations are high for the antiviral & antimicrobial coatings market, as it is predicted to witness robust growth in the upcoming years. By 2029, the market size is set to elevate to $8.52 billion, bolstered by a compound annual growth rate (CAGR) pegged at 12.2%. The significant market expansion during the forecast period can be attributed to various factors such as investments in healthcare, pandemic readiness, rigorous hygiene protocols, industry growth, and the rise of infectious diseases. The forecast period will also bring key trends to the forefront, including increased demand in the healthcare sector, heightened education and awareness drives, focused research and development, advancements in remote and touchless technology, and the advent of sustainable coating solutions.
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What Are the Growth Drivers and Opportunities in the The Antiviral & Antimicrobial Coatings Market?
The escalating incidence of infectious illnesses is likely to fuel the expansion of the antiviral and antimicrobial coatings market. These diseases, triggered by microorganisms or parasites infiltrating the body, proliferating, and triggering an infection, can be either contagious or non-contagious. Antiviral and antimicrobial coatings have been produced to suppress the propagation of these diseases on infected surfaces. To restrict infectious bacteria and viruses, peptides and nanomaterials have been employed to develop antimicrobial coatings with antiviral qualities. As per the National Center for Biotechnology Information, a government agency based in the US, in June 2022, it was reported that the prevalence of infectious diseases in outpatient care had almost tripled in the last two decades, rising from 8 to 26 per 1,000. As a consequence, the escalating prevalence of infectious diseases is amplifying the growth of the antiviral and antimicrobial coatings market in the future.
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What Are the Primary Segments Covered in the Global The Antiviral & Antimicrobial Coatings Market Report?
The the antiviral & antimicrobial coatings market covered in this report is segmented -
1) By Type: Antimicrobial Coatings, Antiviral Coatings
2) By Material: Silver, Organic Materials, Copper, Aluminum, Silicon Dioxide
3) By Form: Liquid, Powder, Aerosol
4) By Application: Healthcare, Building And Construction, Food And Beverage, Packaging, Automotive, Protective Clothing, Air And Water Treatment
Subsegments:
1) By Antimicrobial Coatings: Silver-Based Coatings, Copper-Based Coatings, Zinc-based Coatings, Organic Coatings, Other Antimicrobial Coatings
2) By Antiviral Coatings: Coatings With Antiviral Agents, Coatings With Surfactants, Nanoparticle-Based Coatings, Other Antiviral Coatings
What Are the Top Growth Trends in the The Antiviral & Antimicrobial Coatings Market?
The rise in product innovation is a noteworthy trend in the antiviral and antimicrobial coatings industry. Leading companies in this market are focusing on introducing innovative products to consolidate their market position and achieve a competitive edge. As an example, Nippon Paint Co., Ltd., a recognized paint manufacturer from Japan, announced the launch of two anti-viral and anti-bacterial water-soluble paint solutions in February 2022. These are - PROTECTON® Floor VK Clear, designed for floor applications, and PROTECTON Interior Wall VK Coat, meant for interior wall uses. The properties of these paints include superior durability and potent anti-viral and anti-bacterial activity courtesy of copper, which significantly reduces pathogens on the painted surface by 99% or more. Apart from being highly durable, VK Clear is uniquely suited to porcelain tiles, which are usually challenging to paint over. Similarly, Wall VK Coat maintains its durability even after multiple cleanings using wipes.
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Which Companies Are Shaping the Future of the The Antiviral & Antimicrobial Coatings Market?
Major companies operating in the the antiviral & antimicrobial coatings market include Akzo Nobel NV, Lonza Group AG, PPG Industries Inc., Axalta Coating Systems LLC, The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., RPM International Inc., Sciessent LLC, Sika AG, BASF SE, Jotun AS, DuPont de Nemours Inc., NanoGraphene Inc., Koninklijke DSM NV, Microband International Ltd., Cupron Inc., Novapura AG, Dortrend International Ltd., BioCote Limited, Graphene CA, Nano-Care Deutschland AG, Arkema SA, Antiviral Protection SL, TWI Technology Centre Ltd., IMBED BIOSCIENCES Inc., Nanocomposix Inc., Akita Innovations LLC, Allvivo Vascular Inc.
Which Region Holds the Largest Market Share in the The Antiviral & Antimicrobial Coatings Industry?
North America was the largest region in the antiviral and antimicrobial coatings market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global antiviral and antimicrobial coatings market report during the forecast period. The regions covered in the antiviral & antimicrobial coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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