π€π§π­π’π¦π’πœπ«π¨π›π’πšπ₯ π‚π¨πšπ­π’π§π π¬: “Reduce the Presence of Surface Germs”

The global Antimicrobial Coatings Market is expected to reach $7.36 billion by 2025, at a CAGR of 8.2% during the forecast period of 2019 to 2025. The growth in this market is mainly attributed to the rising adoption of antimicrobial coatings to reduce the chances of healthcare associated infections; increasing awareness programs by various organizations to create awareness regarding antimicrobial coated packaging to reduce microbial contamination in packaged food; and growing initiatives and funding by the government and various organizations for the development of antimicrobial coatings.

Growing healthcare associated infections to fuel the growth of the overall antimicrobial coatings market

Healthcare associated infection is the most frequent adverse event in both developed and developing countries from past few years. For instance, according to the World Health Organization (WHO), 7% patients from developed and 10% of the developing countries caught with at least one healthcare associated infection during treatment. In addition, according to the U.S. Center for Disease Control and Prevention, 1.7 million hospitalized patients annually acquire HCAIs while being treated for other health issues and that more than 98,000 patients (one in 17) dies each year. Similarly, European countries also show similar trends for healthcare associated diseases. For instance, according to the European study, annually around 26,09,911 patients get affected due to healthcare associated infections. In order to reduce the risk of healthcare associated infections, in 2016, network of universities, institutes, organizations, and antimicrobial coating producers in Europe collaborated themselves (AMiCI) to spread awareness among people and organizations about research and use of antimicrobial coatings. Thus, the growing awareness programs and active participation of hospitals to reduce healthcare associated infections by using antimicrobial coatings is expected to drive the growth in the global antimicrobial coatings market.

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Key findings in the global antimicrobial coatings market study

Metal coatings to dominate the overall antimicrobial coatings market in 2019

Based on product type, metal coatings segment commanded the largest share of the overall antimicrobial coatings market in 2019. The large share of this segment is mainly attributed to the high adoption of metal based antimicrobial coatings by packaging industry and medical device manufacturers, increasing funding from government and organizations to develop metal based antimicrobial coatings to reduce healthcare associated infections, and increasing demand for antimicrobial coatings in space missions.

Liquid antimicrobial coating dominates the antimicrobial coatings market through 2025

Based on form, liquid coating accounted for the largest share of the overall antimicrobial coatings market in 2019 as it is the most preferred form by the end use industries due to its properties such as corrosion resistant and quality finish; and limitations to use powder coatings. However, stringent government regulations related to VOC content may hamper the growth of the liquid antimicrobial coatings market during the forecast period.

Medical and life sciences device manufacturers expected to offer new growth avenues — through 2025

Based on end user, the medical and life sciences device manufacturers segment is estimated to be the fastest growing segment during the forecast period. The fast growth of this segment is attributed to the increasing healthcare associated risks and growing government initiatives to overcome the healthcare associated infections caused due to the contaminated medical devices.

Asia Pacific: The fastest growing regional market

North America commanded the largest share of the overall antimicrobial coatings market in 2019, followed by Asia-Pacific, Europe, Latin America, and the Middle East and Africa. However, Asia-Pacific region is expected to witness a rapid growth during the forecast period. The growth in this region is mainly attributed to rising burden of healthcare associated infections in the developing countries, rising food recalls due to microbial contamination, expansion of healthcare infrastructure, and increasing transport associated infections. Moreover, increasing government funding along with rising initiatives by universities for technological advancements in the antimicrobial coating further supports the growth of the Asia Pacific antimicrobial coatings market.

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Key Players

The report includes competitive landscape based on the extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016–2019). Some of the key players profiled in the global antimicrobial coatings market report are Akzo Nobel N. V. (The Netherlands), Lonza Group Ltd (Switzerland), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), The Sherwin-Williams Company (U.S.), DOW Chemical Company (U.S.), E. I. Du Pont De Nemours (U.S.), Nippon Paint Holdings Co., Ltd. (Japan), RPM International Inc. (U.S.), Sciessent LLC (U.S.), Sika AG (Switzerland), BASF SE (Germany), and Jotun Group (Norway).

Scope of the report

Antimicrobial Coatings Market, by Material

  • Metal Based Coatings
  • Silver Based Coatings
  • Copper Based Coatings
  • Other Metal Based Coatings
  • Organic Coatings

Antimicrobial Coatings Market, by Form

  • Liquid
  • Solvent Borne Coatings
  • Water Borne Coatings
  • Powder
  • Aerosol

Antimicrobial Coatings Market, by End-User

  • Building and Construction
  • Medical and Life Science
  • Healthcare and Pharmaceutical
  • Food and Beverages
  • Packaging
  • Machinery and Equipment
  • Automotive OEM and Component
  • Materials
  • Electronics
  • Other End Users

Antimicrobial Coatings Market, by Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific (RoAPAC)
  • Latin America
  • Middle East & Africa

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Key questions answered in the report-

  • Which are the high growth market segments in terms of product, end user, form, technology, and countries?
  • What is the historical market for antimicrobial coatings across the globe?
  • What are the market forecasts and estimates from the period 2019–2025?
  • What are the major drivers, restraints, and opportunities in the global antimicrobial coatings market?
  • Who are the major players in the global antimicrobial coatings market and what share of the market do they hold?
  • Who are the major players in various countries and what share of the market do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global antimicrobial coatings market?
  • What are the different strategies adopted by the major players in the global antimicrobial coatings market?
  • What are the geographic trends and high growth countries?

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