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Antimicrobial Coatings Market Will See Strong Expansion Through 2031
5/20/2022
Antimicrobial Coatings Market: Introduction
Transparency Market Research delivers key insights on the global antimicrobial coatings market. In terms of revenue, the global antimicrobial coatings market is estimated to expand at a CAGR of 12.1% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global antimicrobial coatings market.
The global antimicrobial coatings market is broadly affected by several factors, including increase in usage of antimicrobial coatings in various applications such as medical/health care, indoor air quality, and mold remediation. Rise in global demand for medical/health care services has led to significant growth in usage of antimicrobial coatings.
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Antimicrobial Coatings Market: Dynamics
Antimicrobial coatings prevent, kill, discourage, or act as a combination of the mentioned actions to impede the growth of microorganisms such as bacteria, germs, viruses, fungi, parasites, and molds. Antibacterial coatings were developed with a goal to cover the surfaces on which they were used. The primary role of an antimicrobial coating is to safeguard humans from hazardous microorganisms and cut down the risk of infections along with covering the surface of the application.
Some of the major applications of antimicrobial coatings include medical/health care, indoor air quality, textiles, mold remediation, food, and construction. These coatings are also extremely useful at several other instances where there is a requirement for conditions free from microbes. Antimicrobial coatings can be used on a surface through different methods such as draw-down process, spraying, spin coating process, and thin film coating process.
The medical/health care segment is expected to expand considerably during the forecast period. Thus, expansion of the medical/health care industry is projected to boost the demand for antimicrobial coatings during the forecast period.
Manufacturers are focusing on medical/health care, as the share held by this segment in the antimicrobial coatings market is likely to increase during the forecast period.
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Antimicrobial Coatings Market: Prominent Regions
North America holds major share of the global antimicrobial coatings market. The market in the region is anticipated to expand at a CAGR of more than 11.4% during the forecast period. Increase in demand for antimicrobial coatings in various application such as medical/health care, indoor air quality, textiles, mold remediation, food, and construction is driving the antimicrobial coatings market in North America. The U.S. is a key country of the antimicrobial coatings market in North America. It held significant share of the antimicrobial coatings market in North America in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Europe is also a prominent region of the global antimicrobial coatings market. Germany led the antimicrobial coatings market in Europe in 2020. Increase in demand for antimicrobial coatings in medical/health care and construction sectors is driving the market in Germany.
Antimicrobial Coatings Market: Major Players
The global antimicrobial coatings market is consolidated, with the presence of key players. Prominent players operating in the global antimicrobial coatings market include AkzoNobel NV, BASF SE, Diamond Vogel Paints, Dow Microbial Control, E.I. du Pont de Nemours & Company (DuPont), Nippon Paint Co. Ltd., RPM International Inc., Royal DSM N.V., Sherwin-Williams Company, Sono-Tek Corporation, Troy Corporation, AK Coatings Inc., and Arch Lonza.
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