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    Market Research

    Antimicrobial Coatings Market to Reach $6.3 Billion by 2026: Global Market Insights

    ...

    Antimicrobial Coatings Market to Reach $6.3 Billion by 2026: Global Market Insights
    Global Market Insights04.16.20
    The Antimicrobial Coatings Market exceeded $3.2 billion, globally in 2019 and is estimated to grow at more than 10.4% CAGR between 2020 and 2026. Increasing the prevalence of infections and rising demand for high-quality antimicrobial coatings to reduce surface transmission will boost the market demand.
     
    Antimicrobial coatings are microbes resistant coatings that contain antimicrobial agents inhibiting microbial contaminations. They have wide application usage in construction, food, and healthcare industry. 
     
    They are applied to doors, glass panels, walls, doors, HVAC tents, and counters. Also, antimicrobial coatings are sprayed onto masks, textiles, gloves and carpeting. Increasing demand for high quality and quick reaction time coatings against a wide variety of pathogens is likely to boost antimicrobial coatings market demand.
     
    Increasing construction & renovation activities owing to rising living standards and easy availability of loans is likely to boost product demand. Antimicrobial coatings are widely used in public construction to coat walls, handles, and counters. Furthermore, an increasing outbreak of diseases as COVID 19 and SARS is likely to encourage use owing to stringent regulations in the construction industry to reduce the risk of touch contamination, thereby boosting the antimicrobial coatings market share.
     
    Increasing parental concerns and rising demand for safe environments at schools is likely to boost demand. Antimicrobial coatings are widely used on classroom & corridor walls, along with railings to reduce the spread of bacterial diseases. These coatings are safe and don’t leave a toxic residue which makes it compatible for schools and nurseries which is likely to stimulate antimicrobial coatings market demand.
     
    U.S. EPA regulations in 40 CFR 152.25 has approved the use of silver power for manufacturing antimicrobial coatings. This regulation will help industry players to introduce silver powders into their product portfolios & provide targeted solutions to the construction and healthcare industry which is likely to boost regional market demand.
     
    On the basis of product, it is bifurcated into surface modification coatings and antimicrobial powder coatings. These coatings are widely utilized in the food industry to reduce the propagation of listeria and other bacterial susceptibilities. Additionally, these coatings offer quick reaction time, high efficiency, and low toxic residual levels which is likely to boost antimicrobial coatings market.
     
    The market for antimicrobial powder coatings is likely to grow with CAGR of over 10% by the end of 2026 owing to stringent regulations in the foodservice industry. Increasing the prevalence of bacterial infections along with cross-contamination of ingredients is likely to boost product demand. These coatings are effective against a wide variety of viruses, spores, & bacteria. Furthermore, their compatibility with various surfaces such as plastic containers, walls, and metal is likely to boost the high-performance antimicrobial coatings market share.
     
    Based on application it is bifurcated by medical/healthcare, indoor air remedy, mold remediation, food and construction industry. The market for antimicrobial coatings is likely to increase owing to rising cases of bacterial and viral infections in hospitals. These coatings reduce the propagation of harmful gram-positive and gram-negative bacteria along with providing protection against viruses and spores. Furthermore, stringent regulations to protect patients and medical practitioners are likely to fuel antimicrobial coatings market value.
     
    The healthcare application segment is likely to surpass $1.9 billion by the end of 2026 owing to its quick reaction time and high-performance characteristics. 
     
    These coatings reduce the propagation of harmful pathogens along with increased protection against contaminants such as blood, water, and mucus. Furthermore, increasing prevalence of viral outbreaks such as SARS & COVID 19 is likely to boost the antimicrobial coatings market growth as government & private healthcare players are increasing investment to protect doctors and medical workers.
     
    North America is likely to witness growth with a CAGR of over 10.5% by the end of 2026 owing to the increasing demand for high-quality home mold remediation solutions. Tough winter climatic conditions in North America along with increasing concerns to reduce dampness and mold at homes is likely to boost product demand. These products limit the growth of mold even in snowy and moisture-laden conditions which should boost the antimicrobial coatings market.
     
    Rising consumer awareness on adverse effects of mold especially in damp areas and changing outlook on aesthetic features in construction may foster market demand. Mold release harmful toxins into the environment, which lead to health effects & symptoms such as cough, excessive mucus production, and wheezing. Antimicrobial coatings in paints are widely used to stop the growth & spread of various types of mold, mildew & algae, such as Acremonium, Alternaria, Aspergillus, Aureobasidium and Chaetomium which is likely to trigger antimicrobial coatings market revenue.
     
    Increasing government and private investment to reduce the propagation of COVID 19 are likely to encourage the adoption of antimicrobial coatings. The market is likely to witness growth as governments and private layers will increase spending to reduce the risk of surface contact propagation. Furthermore, increased expenditure on renovation of hospital facilities to reduce the prevalence of virus outbreaks and infections is likely to boost the market.
     
    In March 2020, researchers from the Hong Kong University of Science and Technology announced the development of new multilevel antimicrobial polymer (MAP -1) that can effectively counter viruses, bacteria, spores and the novel COVID 19. Industry players are rapidly increasing R&D expenditure in an attempt to develop products that can counter the novel COVID 19 virus in to capitalize on emerging trends in the market, gain brand recognition, thereby fostering the antimicrobial coatings market.
     
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