Antimicrobial Coatings Market is Anticipated to be Valued at US$ 7.0 billion by 2027, Reveals MarketsandMarkets™

November 14 20:20 2022
Antimicrobial Coatings Market is Anticipated to be Valued at US$ 7.0 billion by 2027, Reveals MarketsandMarkets™
Browse 194 market data Tables and 38 Figures spread through 215 Pages and in-depth TOC on “Antimicrobial Coatings Market”
Antimicrobial Coatings Market by Type (Sliver, Copper, Titanium Dioxide), End-user Industry (Medical & Healthcare, Building & Construction, Protective Clothing, HVAC System, Transportation), and Region

The global Antimicrobial Coatings Market size is estimated to be USD 4.2 billion in 2022 and is projected to reach USD 7.0 billion by 2027, at a CAGR of 10.8%. The growth of this market is attributed to growing adoption in the medical and healthcare sectors to prevent the spread of healthcare-acquired infections (HAIs) and ensure the safety of patients and hospital staff. 

The antimicrobial coatings market is classified, based on application as medical & healthcare, food & beverage, building & construction, HVAC system, protective clothing, transportation, and others. The medical & healthcare segment is projected to register the fastest growth in the overall antimicrobial coatings market during the forecast period in terms of value. The growth of the segment is attributed to the increasing demand for the antimicrobial coating to prevent the spread of and safeguard patients and hospital staff from hospital-acquired infections (HAIs).

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The antimicrobial coatings market is dominated by large players, such as AkzoNobel (Netherlands), The Sherwin-Williams Company (US), Axalta Coating Systems (US), PPG Industries (US), Nippon Paint Holdings (Japan), and DuPont de Nemours (US). These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, and agreements, to enhance their market footprint and improve their product portfolios.  

Due to the COVID-19 pandemic, AkzoNobel has started aggressive marketing and sales of antimicrobial coating products and is targeting its products as major revenue contributors for the second and later quarters in 2020. In May 2020, the company relaunched Interpon D1000 and 2000 architectural powder coatings, with additional microbial properties with the same purpose. This product finds application in hospitals, clinics, residential & commercial buildings, schools, and public transport, among other areas. 

Due to the COVID-19 pandemic, there has been a spike in demand for protective gear products, such as PPE kits, face masks, sanitizers, and coatings, among others. Since January 2020, several new manufacturers have ventured into the antimicrobial coatings market to cater to the rising demand from the healthcare & medical, commercial, and industrial sectors. In April 2020, Strauss Group’s subsidiary Bio-Fence (Israel) launched antimicrobial coating products for hospitals, factories, hotels, offices, train stations, and airports, among other applications. 

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Several start-ups have emerged recently and are offering services related to the antimicrobial coatings. These companies are emphasizing on the aggressive marketing strategy to reduce the lead time to customers. In March 2020, GrapheneCA (Nano Graphene Inc.) launched antimicrobial coating products. Also, in April 2020, the company launched products on the online portal to optimize customer reach and reduce the lead time to customers. 

Other companies have initiated the following developments:

  • In August 2022, PPG Industries Inc. has announced to invest of USD 11 Million to enhance the production capacity of powder coatings in Mexico.
  • In July 2022, an investment has been announced by AkzoNobel N. V. to increase and improve the production of aerospace coatings and improve the production flexibility of decorative paints in Europe.
  • In July 2022, AkzoNobel N. V. acquired the wheel liquid coating business of Lankwitzer Lackfabrik GmbH.
  • In May 2020, PPG Industries launched a quick-ship program for PPG SILVERSAN antibacterial powder coating, which is formulated specially with silver ionic technology.
  • In June 2018, Nippon Paint Holdings launched a new product, Antivirus Kids Paint, for the niche segment, i.e., interior wall paint for kids’ rooms.
  • In January 2020, ZAGG, Inc. (US) had a partnership with the antimicrobial coatings provider Kastus Technologies (Ireland) to develop antimicrobial screen protection for tablets, smartphones, and other electronic devices, which find applications at malls and public places, among others.

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