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Anti-Microbial Coatings Market is Expected to Reach $11.6 Billion by 2027

 
 

quote The anti-microbial coatings market is witnessing rapid growth and is on the path to new product developments, owing to increased R&D activities during the pandemic. In 2020, the demand for such coatings has multiplied. This is attributed to the outbreak of COVID-19, which introduced several actions to maintain a safe & microbe-free environment for as long as possible. In addition, the market is also witnessing huge investments in R&D activities. quote

Eswara Prasad
Manager, Materials & Chemicals at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Anti-Microbial Coatings Market by Type, Coating Material, Application, and Form: Opportunity Analysis and Industry Forecast, 2020–2027,” 

The global anti-microbial coatings market was valued at $4.0 billion in 2019 and is anticipated to generate $11.6 billion by 2027. The market is projected to experience growth at a CAGR of 13.3% from 2020 to 2027.

There is a fast-growing need for anti-microbial paints & coatings to improve quality in residential, commercial, institutional, and industrial applications to control the growth of mold and/or reduce the risk of healthcare-associated infections or community-acquired infections. A number of paint products on the market claim anti-microbial functions. However, the current products have significant shortfalls, including weak activities, risk of resistance from virus, and difficulty in monitoring & extending the anti-microbial functions once the coatings are applied.

Increased demand from medical and indoor air/HVAC applications during the COVID-19 outbreak drives the market growth. However, lack of R&D activities and limited demonstrated effectiveness of the coatings hinder the market growth. Moreover, the current pandemic has offered lucrative opportunities for new product developments and the industry growth.

The global anti-microbial coatings market is segmented based on type, coating material, application, form, and region. Based on type, the market is categorized into anti-bacterial, anti-viral, anti-fungal, and others. The anti-bacterial segment is expected to grow at a higher CAGR during the forecast period as it is found to be more effective against bacteria. Depending on coating material, the market is further segmented into silver, copper, graphene, titanium dioxide, and others. Silver dominated the market share and is also expected to continue, owing to its benefits in medical treatment. Based on application, the market is divided into protective clothing, medical, air & water treatment, packaging, building & construction, mold remediation, and others. The medical segment dominates the market share, followed by protective clothing and building & construction. On the basis of form, the market is classified into spray, powder, liquid, and others. Liquid form dominated the market share; however, spray form is expected to grow faster during the forecast period. Region-wise, the anti-microbial coatings market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

The key players operating in the anti-microbial coatings market are Arkema SA, Nippon Paints Holdings, Co. Ltd., PPG Industries, Inc., Akzo Nobel N.V., BASF SE, DuPont De Nemours, Inc., Biomerics, Axalta Coating Systems, LLC, nano-Care Deutschland AG, Bio-Fence, and The Sherwin-William Company. The players in the market have adopted several strategies to sustain the market competition. The market players invest largely into R&D activities, owing to the COVID-19 outbreak that has driven the demand for such coatings.

COVID-19 impact

North America has been the most affected region during the COVID-19 outbreak. The U.S. alone has the highest number of COVID-19 affected people. The outbreak has impacted the demand-supply chain as many production houses have halted operations. This is anticipated to drive the market as it is a preventative solution, which can help to curb the spread of the virus. Some coatings are also proven to contain the spread of microbes up to 90 days.

Key findings of the study

  • The global anti-microbial coatings market size is provided in terms of revenue.
  • The anti-bacterial coatings segment is projected to grow at the highest CAGR of approximately 13.6%, in terms of revenue during the forecast period.
  • By application, the medical segment is anticipated to grow at a CAGR 13.9% in terms of revenue during the forecast period.
  • The U.S. and China dominated the market with a revenue share of over 26.9% and 8.3% in 2019.
  • The report provides a comprehensive analysis of the factors that drive and restrain the anti-microbial coatings market growth.
  • The qualitative data in this report aims at the anti-microbial coatings market trends, dynamics, and developments in the anti-microbial coatings industry.
  • The anti-microbial coatings market forecast and estimations are based on factors impacting the market growth. 

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quote Anti-Microbial Coatings Market by Type (Anti-Bacterial, Anti-Viral, Anti-Fungal, and Others), Coating Material (Silver, Copper, Graphene, Titanium Dioxide, and Others), Application (Protective Clothing, Medical, Air & Water Treatment, Packaging, Building & Construction, Mold Remediation, and Others), and Form (Spray, Powder, Liquid, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

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