July 2024
Antimicrobial Coatings Market (By Product: Antimicrobial Powder Coatings, Surface Modifications & Coatings; By Application: Medical devices, Construction, Air conditioning and ventilation, Food processing and packaging, Antimicrobial textiles, Sanitary facilities and kitchen; By Material; By Resin Type; By Form; By End-Users) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032
The global antimicrobial coatings market size was estimated at USD 10.49 billion in 2022 and is expected to hit around USD 34.83 billion by 2032. The global antimicrobial coatings market is expected to grow at a compound annual growth rate (CAGR) of 12.80% during the forecast period 2023 to 2032.
Key Takeaways:
The antimicrobial coatings market is expected to grow during the forecast period as there is a great demand for cleanliness and an increase in the concern for cleanliness in various industries. Antimicrobial coating is nothing but an application on a surface which is of a chemical nature. This application is extremely helpful in restraining the growth off various microorganisms that are harmful to the human body and cause different diseases. The application of these chemicals which act as antimicrobial coating are also preferred by many organizations as it helps in improving the appearance of the surface. It provides better durability and prevents the corrosion of the surface.
The antimicrobial coatings that are applied on different surfaces can remain on the surface for a period of about 90 days. These coatings are extremely helpful in preventing the growth of various germs. These antimicrobial coatings or resistant to water as well as regular cleaning processes. During the forecast period the demand for antimicrobial coatings is expected to grow due to an increase in the demand for cleanliness in different industries especially in the buildings that have a higher amount of traffic. There shall be an increased demand for antimicrobial coatings in various buildings like the educational institutes, offices and also the healthcare institutes.
As the antimicrobial coatings are helpful in preventing the growth of different types of bacteria and it also prevents the transfer of germs to the humans which is extremely beneficial in many places marked the expected to grow well during the forecast period. After the outbreak of COVID-19 pandemic there has been a great demand for antimicrobial coatings in the health care as well as the medical industries. Due to the fear of the virus surviving on different surfaces the demand for antimicrobial coatings had grown to a great extent. In order to prevent the transfer of this disease through the touch of various surfaces like the instruments, medical devices, beds antimicrobial coating was done which was helpful in ensuring the safety of the patients. There's a great demand for the silver based coatings in the health care industry.
Report Scope of the Antimicrobial Coatings Market
Report Coverage | Details |
Market Size in 2023 | USD 11.78 Billion |
Market Size by 2032 |
USD 34.83 Billion |
Growth Rate from 2023 to 2032 | CAGR of 12.80% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered | Product, Type, Application, End User, Geography |
Companies Mentioned |
AkzoNobel (Netherlands), BASF SE (Germany), Burke Industrial Coatings LLC (US), DuPont de Nemours (US), RPM International Inc. (Japan), The Sherwin-Williams Company (US), Axalta Coating Systems (US), PPG Industries (US), Nippon Paint Holdings (Japan), Diamond Vogel Paint Company (US) |
Growth factors
In the recent years there has been a great demand for antimicrobial coatings in various industries especially the healthcare industry and the medical industry across the developed as well as the developing nations. This growth is majorly due to the various initiatives that are taken by the government in order to prevent the transfer of various diseases through the human contact or touch. All the health care institutes many patients that suffer with various diseases and this place could be a hub for transferring diseases from one person to another and in order to prohibit this there has been an increased use of antimicrobial coatings in these institutes. About 1.7 million people are affected with many diseases that can be transferred from one person to another through the surfaces in the United States. There has been an increase in the deaths that occur due to these diseases.
The increased use of medical devices for one or more person is the carrier of such diseases. When different patients come in contact with these medical devices for undergoing different types of procedures or treatments the risk of acquiring these diseases increases. And in order to prevent the spread of disease in this manner there is an increased use of antimicrobial coatings in the medical industry. The use of medical devices for invasive surgeries or the use of these devices that enter to human body the risk is increased. All of these medical devices used in the healthcare facility happens to be a ground for the breeding of such bacteria. The bacteria continue to grow on these surfaces and it becomes extremely difficult to disinfect these devices or clean these devices with the already existing antibiotics. In order to prevent the spread of these diseases where is health care facilities and the manufacturers have started making use of antimicrobial coatings during the manufacturing of such products. The governments of the developed as well as the developing nations are also supporting the policy especially in the North American and the European region.
Growing awareness regarding the availability of these coatings and the benefits offered by the use of antimicrobial coatings is expected to drive the market growth during the forecast period. Increase in the number of initiatives taken by the government in various regions to provide safety to the patients and to enhance the number of precautions taken in order to prevent the spread of any diseases will be helpful in the growth of the antimicrobial coatings market in the coming years.
Antimicrobial coatings are used on many different electronic products as well as consumer goods. The increased use of antimicrobial coatings on the electronic products and the consumer goods Is due to the COVID-19 pandemic. Growing concerns over the spread of the virus caused a great demand for antimicrobial coatings. In order to increase the productivity of the different antimicrobial products many manufacturers of various goods like the consumer goods, electronics and even textiles are concentrating on developing antimicrobial products silver based antimicrobial coating is in great demand as it happens to be less toxic as compared to the other materials available in the market. Silver also happens to provide a long-lasting effect and hence it is durable.
Product Insights
By product type, the surface coatings and modifications products segment will have the largest market share during the forecast period. There has been no growth in the demand for this segment due to various benefits associated with this product. The surface modifications and coatings product are expected to grow during the forecast. As this product has the ability to change any surface of any material by bringing in the chemical, physical or even the biological properties which are very different from the ones that are originally seen on the material that is the surface. These types of modifications are possible with few liquids and with all the solid materials. In order to change the roughness of a surface how to change the charge of the surface modification can be done. Many alterations can be made to the surface related to its biocompatibility or even the surface energy. There has been a growing demand for surface modifications as it would be extremely beneficial in providing antimicrobial properties to the devices that are used in implant.
The antimicrobial coatings market is also expected to grow well. Copper and silver are used as the powders for the coating. There is a great demand for silver in many industries due to it's revival. Increased use of silver coatings is due to the different varieties like the colloidal silver, silver salts and silver zeolite.
Application Insights
On the basis of application, the medical devices segment is expected to have the largest market share. There has been no growth in the demand for antimicrobial coatings used in the medical devices as it helps in protecting all of these surfaces of the medical devices from the growth of various bacteria, parasites, germs as well as fungi. In the developed nations as well as the developing nations increasing awareness regarding the importance of the availability of healthcare infrastructure is expected to increase the number of health care services in these nations. There shall be an increase in the number of the hospitals in these nations. Increased need for the health care services will create a greater demand for hospitals in many regions which shall increase the demand for the equipment needed in these hospitals.
Antimicrobial coatings are used in the surgical instrument’s catheters and the implants. These happen to be of a non-toxic nature and they are biocompatible. These properties of the antimicrobial coatings will boost the market during the forecast period. The major manufacturers of antimicrobial coatings are focusing on providing the products in order to meet the demands which will increase the productivity of such devices. Many major manufacturing companies are based in the North American region. This region will see tremendous growth during the forecast period. Many manufacturers of medical devices that make use of antimicrobial coatings are based in the United States.
Apart from the use of antimicrobial coatings in the medical devices there has been an increase in the demand for these groupings in many electronic devices. Antimicrobial coatings are used in different ventilation systems as well as air conditioning. Constant research and development activities have been extremely beneficial in providing antimicrobial coatings to the electronics used in day-to-day life.
Antimicrobial Coatings Market Share, By Region, 2022 (%)
Regions | Revenue Share in 2022 (%) |
North America | 46% |
Asia Pacific | 11% |
Europe | 25.3% |
Latin America | 10.7% |
MEA | 7% |
Geography Insights
The North American region will dominate the market during the forecast period. The presence of various manufacturers of the antimicrobial coatings will be one of the reasons for the growth of the market in this region. As there has been no growth in the construction of various schools, colleges and hospitals in the North American region the demand for antimicrobial coatings is expected to grow. There has been a growth in the number of hospitals and healthcare's that are constructed in the United States.
Increase in the population and growth in the number of diseases in this region will dominate the market during the forecast period. Increased use of antimicrobial coatings in various buildings under increase in the construction of schools colleges and different hospitals or office spaces will drive the market growth. There are many growth opportunities provided by the Asia Pacific region especially from the countries like India and China.
Key market developments
Key market players
Segments Covered
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Product
By Application
By Material
By Resin Type
By Form
By End-Users
By Geography
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