Antimicrobial Coatings Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Apr 2021 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Antimicrobial Coatings market size is expected to be worth around US$ 31.5 billion by 2030, according to a new report by Vision Research Reports.

The global Antimicrobial Coatings market size was valued at US$ 8.1 billion in 2020 and is anticipated to grow at a CAGR of 23.1% during forecast period 2021 to 2030.

Growth Factors

Increasing concerns among consumers and various manufactures about cleaning and preventing the growth of bacteria, mold, and fungi on buildings, equipment, etc. are expected to drive the product demand.

The product demand is expected to increase in the medical devices and packaging application industry owing to the rising cases of Covid-19 around the world. The continuously growing demand for medical devices and packaging products for Covid-19 will positively affect the market. North America is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

Silver-based biocides are widely used in medical applications owing to their excellent antimicrobial properties. Recently, a new U.S.-based othiazolin-based biocide, n-butyl-1,2-benzisothiazolin-3-one is also used as an antimicrobial agent to prevent the spread of germs. Moreover, the rising demand for implantable medical devices and the increasing burden of Cardiovascular Diseases (CVDs) is expected to aid the overall demand over the next eight years.

On the basis of product, the global market is segmented into and surface modification & coatings. The surface modification & coatings segment was the prominent product segment and accounted for the largest revenue share of over 53% in 2020. The antimicrobial powder product segment is expected to witness the fastest CAGR over the forecast period due to the high demand for silver-based, copper-based, and other coatings. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, high thermal stability, and protection against microbial growth.

Report Highlights

The surface modifications and coatings product segment led the global market and accounted for more than 53% share of the global revenue in 2020. This high share is attributed to the product’s ability to modify the surface of a material by bringing physical, chemical, or biological characteristics different from the ones originally found on the surface of a material.

This modification is usually made to solid materials, but it is possible to find examples of the modification to the surface of specific liquids. The modification can be done by different methods with a view of altering a wide range of characteristics of the surface, such as roughness, hydrophilicity, surface charge, surface energy, and biocompatibility.

The formation of biofilm on an orthopedic implant surface is one of the major problems for patient prognosis and increases the overall cost associated with patient treatment. The use of surface modifications in a manner would help in imparting antimicrobial benefits to the implant devices. Owing to their unique properties, such as surface adhesion prevention, antimicrobial-eluting, bactericidal, and Osseointegration promotion, the surface modifications & coatings segment is expected to account for the maximum revenue share by 2028.

The antimicrobial powder coatings segment is further categorized into silver, copper, and others. Silver has the maximum consumption among all these products. Inorganic silver antimicrobial coating systems based on silver salts, colloidal silver, silver zeolite or ion exchange resins, complex glasses containing metal ions, and nanosilver have been in high demand in the healthcare industry.

The medical devices application segment led the global market and accounted for more than 42% share of the global revenue in 2020. This high share is attributed to the product properties as they protect surfaces from microbes including fungi, parasites, bacteria, and germs. The rising number of hospitals along with the increasing requirement for healthcare facilities creates a need for sophisticated devices and equipment, which will augment product demand in this application segment.

The rising demand for antimicrobial coatings in catheters, implantable, and surgical instruments as they are biocompatible, non-toxic, and biostable will promote industry development over the forecast period. A strong presence of the major medical devices companies including GE Healthcare Technologies, Johnson & Johnson, Baxter International Inc., Medtronic, and Stryker Corporation in the U.S. is likely to boost the production of antimicrobial coated medical devices in the Covid-19 pandemic, which is expected to drive the segment growth over the forecast period.

North America will witness immense market growth owing to the rising healthcare expenditure in the U.S. In addition, the presence of various coatings manufacturers in the U.S. including SurModics, Inc. and Hydromer, Inc. will propel industry expansion over the forecast period. Air conditioning and ventilation systems have been one of the leading applications of the product over the past few years. A wide range of initiatives and research studies undertaken by CEFPI with EPA to educate schools and colleges about the quality of air, which will boost product demand. The growth of micro-organisms can be reduced with the help of moisture control, reduced temperatures, etc., which is expected to drive the market.

North America dominated the global market and accounted for over 43% share of the overall revenue in 2020. The construction industry in North America is expected to witness considerable growth owing to increasing demand for non-residential construction projects, such as hospitals, schools, and colleges, over the forecast period.

The implementation of the “Affordable Healthcare Act” in the U.S. has triggered the construction of healthcare units and hospitals. The growing population is expected to further boost the construction of office spaces, industrial plants, schools, and colleges, thereby, driving the demand for antimicrobial coatings in the construction application.

However, the halts in cross-border trade on account of the Covid-19 pandemic may have some limitations on the regional market growth to some extent. The market is primarily driven by the rising demand for polypropylene and ABS in the packaging application segment for manufacturing bottles, face masks, and face shields among others.

Asia Pacific is estimated to be the second-fastest-growing regional market over the forecast period. The market is driven by the growth of the major end-use industries, such as healthcare, construction, and food processing & packaging. The robust manufacturing base of the packaging products industry in China, Japan, and India coupled with increased sales of packaged food products is anticipated to augment the market growth in the near future.

In addition, favorable policies, such as Foreign Direct Investments (FDI) and Make in India, implemented by the government of India are expected to create ample growth opportunities for the food processing and healthcare industries, which, in turn, is expected to increase the consumption of antimicrobial coatings in the region.

Key Players

  • AkzoNobel N.V.

  • Nippon Paint Co. Ltd.

  • PPG Industries Inc.

  • RPM International

  • DSM

  • The Sherwin Williams Company

Market Segmentation

  • Product Outlook 

    • Antimicrobial Powder Coatings

      • Silver

      • Copper

      • Other

    • Surface Modifications & Coatings

      • E. Coli

      • Listeria

      • Pseudomonas

      • Others

  • Application Outlook

    • Sanitary Facilities & Kitchen

    • Air Conditioning & Ventilation Systems

    • Food Processing & Packaging

    • Antimicrobial Textiles

    • Mold Remediation

    • Construction

    • Medical Devices

    • Others

  • Regional Outlook 

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

    • Central & South America

    • Middle East & Africa

The Antimicrobial Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Antimicrobial Coatings market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Antimicrobial Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Antimicrobial Coatings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Antimicrobial Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Antimicrobial Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Antimicrobial Coatings by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Antimicrobial Coatings market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Antimicrobial Coatings market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Antimicrobial Coatings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Antimicrobial Coatings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Antimicrobial Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Antimicrobial Coatings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Antimicrobial Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Antimicrobial Coatings market. These factors have benefited the growth of the global market for Antimicrobial Coatings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Antimicrobial Coatings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Antimicrobial Coatings are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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