Factors that Affect on the Global Antimicrobial Coatings Industry Leaders & Revenue

The global antimicrobial coatings market size is projected to grow from USD 3.3billion in 2020 to USD 5.6billion by 2025, at a CAGR of 10.7% during the forecast year. The growth of this market is attributed to growing adoption in the medical and healthcare sectors to prevent the spread of healthcare-acquired infections (HAIs) and ensure the safety of patients and hospital staff.

Browse?194 market data Tables and?38 Figures spread through?215 Pages and in-depth TOC on "Antimicrobial Coatings Market by Type (Sliver, Copper, Titanium Dioxide), End-user Industry (Medical & Healthcare, Building & Construction, Protective Clothing, HVAC System, Transportation), and Region - Global Forecast"

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The antimicrobial coatingsmarket is dominated by large players,such as AkzoNobel (Netherlands), The Sherwin-Williams Company (US), Axalta Coating Systems (US), PPG Industries (US), Nippon Paint Holdings (Japan), and DuPont de Nemours(US). These players have adopted various growth strategies,such as expansions, new product developments, and acquisitions,and agreements,to enhance their market footprint and improve their product portfolios.

Due to the COVID-19 pandemic, AkzoNobel has started aggressive marketing and sales of antimicrobial coating products and is targeting its products as major revenue contributors for the second and later quarters in 2020.In May 2020, the company relaunched Interpon D1000 and 2000 architectural powder coatings, with additional microbial properties with the same purpose. This product finds application in hospitals, clinics, residential & commercial buildings, schools, and public transport, among other areas.

Due to the COVID-19 pandemic, there has been a spike in demand for protective gear products, such as PPE kits, face masks, sanitizers, and coatings, among others. Since January 2020, several new manufacturers have ventured into the antimicrobial coatings market to cater to the rising demand from the healthcare & medical, commercial, and industrial sectors. In April 2020, Strauss Group's subsidiary Bio-Fence (Israel) launched antimicrobial coating products for hospitals, factories, hotels, offices, train stations, and airports, among other applications.

Several start-ups have emerged recently and are offering services related to the antimicrobial coatings. These companies are emphasizing on the aggressive marketing strategy to reduce the lead time to customers. In March 2020, GrapheneCA (Nano Graphene Inc.) launched antimicrobial coating products. Also, in April 2020, the company launched products on the online portal to optimize customer reach and reduce the lead time to customers.

Other companies have initiated the following developments:

• In May 2020, PPG Industries launched a quick-ship program for PPG SILVERSAN antibacterial powder coating, which is formulated specially with silver ionic technology.
• In June 2018, Nippon Paint Holdings launched a new product, Antivirus Kids Paint, for the niche segment, i.e., interior wall paint for kids’ rooms.
• In January 2020, ZAGG, Inc. (US) had a partnership with the antimicrobial coatings provider Kastus Technologies (Ireland) to develop antimicrobial screen protection for tablets, smartphones, and other electronic devices, which find applications at malls and public places, among others.

Antimicrobial coatings are used to prevent the spread of touch-transmitted pathogens through inhibiting its growth. Antimicrobial coatings are effective against a wide range of viruses and bacteria spreading chronic and acute diseases. Few viruses, such as Influenza H1N1, SARS, bird flu, common cold, and flu viruses are contagious, and these types of coatings are proven inhibitors of their infections.

Antimicrobial coatings are being used over the past 30 years in numerous applications, such as hospitals, schools, and professional sports organizations.Due to the COVID-19 pandemic, the demand for antimicrobial coatings has been increasing drastically in the medical & healthcare industry. Antimicrobial coatings have gained significant attention and were applied in the several temporary and existing healthcare facilities during the COVID-19 pandemic to prevent the spread of HAIs.

MarketsandMarkets expects the global antimicrobial coatingsmarket size to grow from USD 3.3billion in 2020 to USD 5.6billionby 2025, at a CAGR of 10.7% from 2020 to 2025.The market for antimicrobial coatingsis segmented based ontypeassilver, copper, titanium dioxide, and others. The silver-based segment is projected to be the fastest-growing in the overallantimicrobial coatings market during the forecast period. The growth of this segment is attributed to its properties,such ashigh efficacy rate, long-lasting effect, durability, and strength, among others.

The antimicrobial coatingsmarket is classified,based onapplication asmedical & healthcare, food & beverage, building & construction, HVAC system, protective clothing, transportation, and others.The medical & healthcare segmentis projected to register the fastestgrowth in the overall antimicrobial coatings market during the forecast period in terms of value. The growth of the segment is attributed to the increasing demand forantimicrobial coating to prevent the spread and safeguard patients and hospital staff from hospital-acquired infections (HAIs).

The antimicrobial coatingsmarket is studied forfive regions, namely, North America, Asia Pacific, Europe, the Middle East &Africa, and South America. The North America region accounted forthe largest market share in 2019, in terms of both value and volume.?