Antimicrobial coatings Market Current Trends, Future Growth Study and Strategic Assessment

The Antimicrobial coatings market was valued at US$ 2,918.30 million in 2019 and is projected to reach US$ 7,514.56 million by 2028; it is expected to grow at a CAGR of 11.2% from 2020 to 2028. Antimicrobial coatings are commonly used on the surface of doors, counters, door handles, and other high-touch areas such as mechanical and HVAC vents. They are also sprayed on gloves, masks, carpeting, and textiles on occasion.

Antimicrobial coatings are commonly used on doors, counters, door handles, and other high-touch areas such as mechanical and HVAC vents, among other surfaces. They are also sprayed onto gloves, masks, carpeting, and textiles on occasion. Paint manufacturers use antimicrobial coatings in their primer products and wall paint to limit pathogen development in facilities. The demand for antimicrobial coatings is increasing largely with the increase in health care associated infections. The healthcare industry is expected to witness monumental transformation along with the factors such as rapid urbanization, rising instances of infectious diseases, and shift in consumer lifestyle. The demand for antimicrobial coatings has been rising in healthcare setting for sterilization of medical devices.

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Based on raw materials, the antimicrobial coatings market is segmented into silver, copper, titanium oxide, and others. In 2019, the silver segment held the largest market share. Silver has the most effective antimicrobial activity while being the least toxic to animal cells. Silver ions are produced when silver is added to water. These ions destroy and prevent biological growth, interfering with germ metabolism and membrane functions. Further, silver biocides can be found in hospital water systems, catheters, furniture, and almost in the operation theatre. Furthermore, in the late 1800s, silver nitrate was used to treat many eye infections in new-born infants, and physicians discovered that silver dressings helped wounds heal faster. The metal was used in surgical wound sutures and ulcer remedies, and it is still used today, with silver-embedded bandages proving to be especially effective in healing burn wounds. Silver’s high effectiveness, low toxicity, long-lasting impact, and durability are among the major factors driving its demand. The market growth for the silver segment is attributed to the rising demand from the medical & healthcare, food & beverage, and other industrial applications to ensure occupational safety and hygiene, and to prevent the growth of novel coronavirus that causes COVID-19, bacteria, and other microbes on commonly touched surfaces.

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Cupron; Alistagen Corporation; AK Coatings Inc.; Fiberlock; Microban International Ltd.; PPG Industries Inc.; Akzo Nobel N.V.; DuPont de Nemours, Inc.; Nano-Care Deutschland AG; and Axalta Coating Systems are among the well-established players operating in the global antimicrobial coatings market.

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