Report Overview

Global Antimicrobial Coatings Market- Industry Trends & Forecast Report 2027

Global antimicrobial coatings market was worth USD 3.3 billion in 2020 and is further projected to reach USD 6.6 billion by the year 2027, growing at a CAGR of 10.5% in the forecast period. The demand for antimicrobial coatings is gaining significant traction over the past few years because of its prominent use in the end-user industries such as healthcare, food and packaging, construction, sanitary, etc. In addition, stringent government regulations regarding safety, health, and hygiene are also driving the growth of the global antimicrobial coatings market.

Source: BlueWeave Consulting

Global Antimicrobial Coatings Market- Overview

Chemicals used in antimicrobial coatings kill microorganisms and prevent them from growing or spreading. Different types of coatings work on different microbes. For instance, antibiotics help to treat bacteria, and antifungals are used for treating fungi. As soon as a foreign substance comes into contact with the skin, a protein layer forms, which prevents microbes from growing. Antimicrobial coatings provide long-term protection from fungi. These coatings are either active or passive, depending on the mode of delivery.

Global Antimicrobial Coatings Market Forecast and Trends

Growth Drivers

Growing Application of Antimicrobial Coatings in Healthcare Industry

The healthcare industry is the largest consumer of antimicrobial coatings as it prevents pathogens from spreading and protects healthcare workers and patients from potentially dangerous microbes. The growing prevalence of infectious diseases is becoming a cause of concern across the globe. According to the European Centre for Disease Prevention and Control, it has been estimated that around 4 million people suffer from hospital-acquired infections (HAIs). As a result, antimicrobial coatings are being increasingly promoted in healthcare facilities, driving the growth of the antimicrobial coatings market over the forecast period.

Rising Health and Hygiene Awareness in Developing and Low-Income Countries

Many studies claim there is a greater risk of spreading infectious diseases in developing and low-income countries. Therefore, the government is promoting the use of antimicrobial spaces in public and private settings, such as offices and factories, in order to prevent the spread of microbes. The limited access to clean water and safe environment and infrastructure is expected to be the primary factors for the high incidence of infectious diseases. Therefore, the demand for antimicrobial coatings is expected to rise in such regions during the forecast period.

Restraints

Unavailability of Reports Suggesting Effectiveness of Antimicrobial Coatings

Following the pandemic, the demand for antimicrobial coatings increased severalfold, so a huge gap was created between supply and demand. However, experts claim that no scientific evidence or research is present that shows the effectiveness of antimicrobial coatings available in the market in killing microbes. Therefore, the widespread use of antimicrobial coatings used in offices and other public spaces may not provide safety from microbial attacks or protect people safe from diseases.

Impact of COVID-19 on Global Antimicrobial Coatings Market

The demand for antimicrobial coatings witnessed a tremendous surge after the unprecedented outbreak of the COVID-19 virus. COVID-19 is a highly contagious respiratory disease, and its initial outbreak was masked by denial of its existence, making it a global pandemic. The safety measures adopted to prevent the spread of the virus exert significance on the utilization of antimicrobial coatings, disinfectants, sanitizers, etc., to prevent community spread further. Moreover, manufacturers of antimicrobial coatings increased their production capacities by establishing new plants to meet the growing demand for these chemicals throughout the pandemic. All these factors significantly boosted the global antimicrobial coatings market during the COVID-19 period.

Global Antimicrobial Coatings Market - By Type

Based on types, the global antimicrobial coatings market is segmented into silver, copper, titanium dioxide, and others. The silver coatings segment accounts for the largest market share. The antimicrobial properties of silver are strong, and this type of silver is capable of killing bacteria, fungi, and certain viruses. Positively charged silver ions have several modes of action that target microorganisms. Because of this, silver is usually used in antimicrobial coatings. Due to its high capability of killing microorganisms, copper occupies a significant share of the antimicrobial coatings market.

Global Antimicrobial Coatings Market - By End-User

Based on end-users, the global antimicrobial coatings market is segmented into medical & healthcare, food & beverage, building & construction, protective clothing, HVAC system, transportation, and other applications. The medical & healthcare segment dominates the market due to the widespread usage of antimicrobial coated catheters, surgical devices, medical electronics, trays, and other equipment to reduce the risk of infection during medical procedures. The use of antimicrobial coatings in healthcare facilities minimizes the danger of viral transmission in public and hospital settings, which expands the market.

Global Antimicrobial Coatings Market - Regional Insights

Geographically, the global antimicrobial coatings market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounts for the largest market share because of the increasing construction activities and high investment towards the use of antimicrobial coatings in the buildings such as hospitals, schools, etc. Furthermore, high awareness towards health and hygiene and stringent government regulations regarding the use of antimicrobial coatings for ensuring the prevention of microbial spread is also propelling the growth of the antimicrobial coatings market in North America.

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global antimicrobial coatings market are AK Steel Corporation, Specialty Coating Systems Inc., Akzo Nobel NV, Sono-Tek Corporation, AST Products Inc., Sciessent LLC, BASF SE, Troy Corporation, The Sherwin-Williams Company, RPM International Inc., PPG Industries Inc., Mankiewicz Gebr. & Co., Lonza, Hydromer, DuPont, DSM, Covalon Technologies Ltd, Biointeractions Ltd, BIO-FENCE, and other prominent players.

The market is highly fragmented with the presence of various global and regional industry players with regional companies having better grip and penetration in the local market. The companies significantly invest in R&D activities to engage in product approvals and launches and improve their product penetration. Furthermore, the adoption of competitive strategies like mergers, acquisitions, partnerships, collaborations, etc., is also very prominent in this market.

Recent Developments

50. In September 2021, ZEN Graphene Solutions Ltd., a Canadian nanotechnology company, announced the Health Canada approval of ZENGuard disposable face mask with antimicrobial coatings.
50. In August 2021, Lanxess, a German chemicals company, announced to have acquired Flavors & Fragrances, a US-based leading supplier of antimicrobial active ingredients, for about USD 1.3 billion.

Scope of the Report

By Type

• Silver
• Copper
• Titanium Dioxide
• Others

By End-User

• Medical & Healthcare
• Food & Beverage
• Building & Construction
• Protective Clothing
• HVAC System
• Transportation
• Other Applications

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Growing Application of Antimicrobial Coatings In Healthcare Industry
         2. Rising Health and Hygiene Awareness in Developing and Low-Income Countries
      2. Market Restraints
         1. Unavailability of Reports Suggesting Effectiveness of Antimicrobial Coatings
      3. Market Challenges
         1. High Cost of Antimicrobial Products
      4. Market Opportunity
         1. Growing Demand in Food and Packaging Industry
         2. Expanding Product Ranges and Improved Supply Chain
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Global Antimicrobial Coatings Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Type
         1. Silver
         2. Copper
         3. Titanium Dioxide
         4. Others
      2. By End-User
         1. Medical & Healthcare
         2. Food & Beverage
         3. Building & Construction
         4. Protective Clothing
         5. HVAC System
         6. Transportation
         7. Other Applications
      3. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Antimicrobial Coatings Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By End-User
      3. By Country
         1. U.S.
         2. Canada
7. Europe Antimicrobial Coatings Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By End-User
      3. By Country
         1. Germany
         2. U.K.
         3. Russia
         4. France
         5. Italy
         6. Spain
         7. Rest of Europe
8. APAC Antimicrobial Coatings Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By End-User
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Antimicrobial Coatings Market Overview
   1. Market Size and Forecast
      1. By Value (USD Million), 2020-2027
   2. Market Share and Forecast
      1. By Type
      2. By End-User
      3. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10. MEA Antimicrobial Coatings Market Overview
    1. Market Size and Forecast
       1. By Value (USD Million), 2020-2027
    2. Market Share and Forecast
    3. By Type
    4. By End-User
    5. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of MEA
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
12. Impact of COVID-19 on Global Antimicrobial Coatings Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. AK Steel Corporation
    2. Specialty Coating Systems Inc.
    3. Akzo Nobel NV
    4. Sono-Tek Corporation
    5. AST Products Inc.
    6. Sciessent LLC
    7. BASF SE
    8. Troy Corporation
    9. The Sherwin-Williams Company
    10. RPM International Inc.
    11. PPG Industries Inc.
    12. Mankiewicz Gebr. & Co.
    13. Lonza
    14. Hydromer
    15. DuPont
    16. DSM
    17. Covalon Technologies Ltd
    18. Biointeractions Ltd
    19. BIO-FENCE
    20. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1: Global Antimicrobial Coatings Market Segmentation

Figure 2: Global Antimicrobial Coatings Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Antimicrobial Coatings Market Size, By Value (USD Million), 2017-2027

Figure 5: Global Antimicrobial Coatings Market Share (%), By Type, By Value, 2017-2027

Figure 6: Global Antimicrobial Coatings Market Share (%), By End-User, By Value, 2017-2027

Figure 7: Global Antimicrobial Coatings Market Share (%), By Region, By Value, 2017-2027

Figure 8: North America Antimicrobial Coatings Market Size, By Value (USD Million), 2017-2027

Figure 9: North America Antimicrobial Coatings Market Share (%), By Type, By Value, 2017-2027

Figure 10: North America Antimicrobial Coatings Market Share (%), By End-User, By Value, 2017-2027

Figure 11: North America Antimicrobial Coatings Market Share (%), By Country, By Value, 2017-2027

Figure 12: Europe Antimicrobial Coatings Market Size, By Value (USD Million), 2017-2027

Figure 13: Europe Antimicrobial Coatings Market Share (%), By Type, By Value, 2017-2027

Figure 14: Europe Antimicrobial Coatings Market Share (%), By End-User, By Value, 2017-2027

Figure 15: Europe Antimicrobial Coatings Market Share (%), By Country, By Value, 2017-2027

Figure 16: the Asia-Pacific Antimicrobial Coatings Market Size, By Value (USD Million), 2017-2027

Figure 17: the Asia-Pacific Antimicrobial Coatings Market Share (%), By Type, By Value, 2017-2027

Figure 18: the Asia-Pacific Antimicrobial Coatings Market Share (%), By End-User, By Value, 2017-2027

Figure 19: Asia-Pacific Antimicrobial Coatings Market Share (%), By Country, By Value, 2017-2027

Figure 20: Latin America Antimicrobial Coatings Market Size, By Value (USD Million), 2017-2027

Figure 21: Latin America Antimicrobial Coatings Market Share (%), By Type, By Value, 2017-2027

Figure 22: Latin America Antimicrobial Coatings Market Share (%), By End-User, By Value, 2017-2027

Figure 23: Latin America Antimicrobial Coatings Market Share (%), By Country, By Value, 2017-2027

Figure 24: Middle East & Africa Antimicrobial Coatings Market Size, By Value (USD Million), 2017-2027

Figure 25: Middle East & Africa Antimicrobial Coatings Market Share (%), By Type, By Value, 2017-2027

Figure 26: Middle East & Africa Antimicrobial Coatings Market Share (%), By End-User, By Value, 2017-2027

Figure 27: Middle East & Africa Antimicrobial Coatings Market Share (%), By Region, By Value, 2017-2027

List of Tables

Table 1: Global Antimicrobial Coatings Market Size, By Type, By Value, 2017-2027

Table 2: Global Antimicrobial Coatings Market Size, By End-User, By Value (USD Million), 2017-2027

Table 3: Global Antimicrobial Coatings Market Size, By Region, By Value (USD Million), 2017-2027

Table 4: North America Antimicrobial Coatings Market Size, By Type, By Value (USD Million), 2017-2027

Table 5: North America Antimicrobial Coatings Market Size, By End-User, By Value (USD Million), 2017-2027

Table 6: North America Antimicrobial Coatings Market Size, By Country, By Value (USD Million), 2017-2027

Table 7: Europe Antimicrobial Coatings Market Size, By Type, By Value (USD Million), 2017-2027

Table 8: Europe Antimicrobial Coatings Market Size, By End-User, By Value (USD Million), 2017-2027

Table 9: Europe Antimicrobial Coatings Market Size, By Country, By Value (USD Million), 2017-2027

Table 10: the Asia-Pacific Antimicrobial Coatings Market Size, By Type, By Value (USD Million), 2017-2027

Table 11: the Asia-Pacific Antimicrobial Coatings Market Size, By End-User, By Value (USD Million), 2017-2027

Table 12: the Asia-Pacific Antimicrobial Coatings Market Size, By Country, By Value (USD Million), 2017-2027

Table 13: Latin America Antimicrobial Coatings Market Size, By Type, By Value (USD Million), 2017-2027

Table 14: Latin America Antimicrobial Coatings Market Size, By End-User, By Value (USD Million), 2017-2027

Table 15: Latin America Antimicrobial Coatings Market Size, By Country, By Value (USD Million), 2017-2027

Table 16: The Middle-East & Africa Antimicrobial Coatings Market Size, By Type, By Value (USD Million), 2017-2027

Table 17: The Middle-East & Africa Antimicrobial Coatings Market Size, By End-User, By Value (USD Million), 2017-2027

Table 18: The Middle-East & Africa Antimicrobial Coatings Market Size, By Country, By Value (USD Million), 2017-2027

Table 19: AK Steel Corporation Financial Analysis

Table 20: AK Steel Corporation Business Overview

Table 21: Specialty Coating Systems Inc. Financial Analysis

Table 22: Specialty Coating Systems Inc. Business Overview

Table 23: Akzo Nobel NV Corporation Financial Analysis

Table 24: Akzo Nobel NV Corporation Business Overview

Table 25: Sono-Tek Corporation Financial Analysis

Table 26: Sono-Tek Corporation Business Overview

Table 27: AST Products Inc. Financial Analysis

Table 28: AST Products Inc. Business Overview

Table 29: Sciessent LLC Financial Analysis

Table 30: Sciessent LLC Business Overview

Table 31: BASF SE Financial Analysis

Table 32: BASF SE Business Overview

Table 33: Troy Corporation Financial Analysis

Table 34: Troy Corporation Business Overview

Table 35: The Sherwin-Williams Company Financial Analysis

Table 36: The Sherwin-Williams Company Business Overview

Table 37: RPM International Inc. Financial Analysis

Table 38: RPM International Inc. Business Overview

Table 39: PPG Industries Inc. Financial Analysis

Table 40: PPG Industries Inc. Financial Analysis

Table 41: Mankiewicz Gebr. & Co. Financial Analysis

Table 42: Mankiewicz Gebr. & Co. Financial Analysis

Table 43: Lonza Financial Analysis

Table 44: Lonza Financial Analysis

Table 45: Hydromer Financial Analysis

Table 46: Hydromer Financial Analysis

Table 47: DuPont Financial Analysis

Table 48: DuPont Financial Analysis

Table 49: DSM Financial Analysis

Table 50: DSM Financial Analysis

Table 51: Covalon Technologies Ltd Financial Analysis

Table 52: Covalon Technologies Ltd Financial Analysis

Table 53: Biointeractions Ltd. Financial Analysis

Table 54: Biointeractions Ltd. Financial Analysis

Table 53: BIO-FENCE Financial Analysis

Table 54: BIO-FENCE Financial Analysis