Allied Market Research
Loading...
0

Anti-viral Coatings Market Expected to Reach $1.3 Billion by 2027

 

Report Code : A06722

quote Anti-viral coatings market is witnessing high demand and is on the path to new product developments owing to increased R&D activities during the pandemic times. However, 2020 has witnessed an abrupt deterioration in the global macroeconomic situation following the spread of the COVID-19 pandemic around the world leading to complete halt in economic activity and the entire production system, thus the production has been limited to a few players. quote

Eswara Prasad
Manager, Materials & Chemicals at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research titled, “Anti-viral Coatings Market by Type of Coating, Type of Material, Application, and Form:  Opportunity Analysis and Industry Forecast, 2020–2027,” the global anti-viral coatings market size was valued at $0.5 billion in 2019 and is anticipated to generate $1.3 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-viral paints and coatings to improve quality in residential, commercial, institutional, and industrial applications so as 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-viral functions. However, the current products have significant shortfalls, including weak activities, risk of resistance from virus, and difficulty in monitoring and extending the anti-viral functions once the coatings are applied.

Increased demand during COVID-19 outbreak from medical and indoor air/HVAC application acts as driving factors for the market growth. However, lack in R&D activities and few demonstrated effectiveness of the coatings hinders the market growth. Meanwhile, the current pandemic has offered opportunity for new product developments and several opportunities for the industry growth.

The global anti-viral coatings market is segmented based on type of coating, type of raw material, application, form, and region. Based on type of coatings, the market is categorized into high-performance coatings, nano coatings, and others. Nano Coatings market is expected to grow at higher CAGR during the forecast period as the nano-particles are found to be more effective.  Depending on type of material, the market is further segmented into graphene, silver, silicon dioxide, copper, and others. Silver dominated the market share and is also expected to continue to do so owing to silver’s benefits in medical treatment. Based on application, the market is divided into protective clothing, medical, air & water treatment, packaging, building & construction, and others. Medical segment dominates the market share followed by protective clothing and building & construction. On the basis of form, the market was classified into spray, powder, liquid, and others. Liquid coatings dominated the market share; however, spray coatings are expected to grow faster during the forecast period. Region-wise, anti-viral coatings market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

The key players operating in the anti-viral coatings market are Arkema, Dais Corporation, Hydromer, Kobe Steel, Ltd., nano Care Deutschland AG, Nippon Paints, EnvisionSQ, Bio-Fence, Bio-Gate AG, and GrapheneCA. The players in the market have adopted several strategies to sustain the market competition. The market players are also investing largely into R&D activities for the same owing to COVID-19 outbreak that has driven the demand for such coatings.

COVID-19 Impact

North America is the most affected region during the COVID-19 outbreak. 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 be a driving factor for the market as it is a preventative solution which can help to curb the spread of virus. Some coatings are also proven to contain the virus spread up to 90 days.

Key findings of the study

  • Global anti-viral coatings market size is provided in terms of revenue
  • Nano coatings is projected to grow at the highest CAGR of approximately 13.7%, in terms of revenue, during the forecast period
  • By application, the medical segment is anticipated to grow with CAGR 13.8%, in terms of revenue, during the forecast period
  • The U.S. and China dominated the market with a revenue share of over 25.8% and 8.4% in 2019
  • A comprehensive analysis of the factors that drive and restrain the anti-viral coatings market growth is provided
  • The qualitative data in this report aims at the anti-viral coatings market trends, dynamics, and developments in the anti-viral coatings industry
  • The anti-viral coatings market forecast and estimations are based on factors impacting the market growth 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Anti-Viral Coatings Market by Type of Coating (High-Performance Coatings, Nano Coatings, and Others), Type of Material (Graphene, Silver, Silicon Dioxide, Copper, and Others), Application (Protective Clothing, Medical, Air & Water Treatment, Packaging, Building & Construction, and Others), and Form (Spray, Powder, Liquid, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,023 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Anti-viral Coatings Market"
Purchase Enquiry