The global antimicrobial coatings market size is anticipated to reach USD 18.8 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 12.8% over the forecast period. Rising demand for cleaning products for protection against fungal and bacterial growth is expected to be the key factor driving the overall market.
The demand for antimicrobial coatings is expected to increase majorly in the medical devices and packaging application industry owing to the COVID-19 pandemic situation around the world. North America is expected to lead the global market due to the strong presence of some of the world’s major healthcare products manufacturers in this region.
Moreover, rising demand for implantable medical devices and increasing burden of Cardiovascular Diseases (CVDs) are expected to boost the product demand over the next eight years. Silver-based biocides are widely used in medical application owing to their excellent antimicrobial properties. Based on product, the global market is segmented into antimicrobial powder and surface modification & coatings.
Surface modification and coatings was the prominent product segment and accounted for 53.9% of the global revenue in year 2019. Antimicrobial powder coatings product segment is expected to witness the fastest CAGR from 2020 to 2027 due to the high demand for silver- and 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, and high thermal stability.
Antimicrobial Coatings Market Report Highlights
- Mold remediation application segment is expected to witness the highest CAGR of 15.2%, in terms of revenue, over the forecast period. The cost involved in remediating a mold-infested building can be staggering, especially when the building has inferior coatings
- Air conditioning and ventilation segment accounted for the maximum volume share of over 21.7% in 2019
- Antimicrobial coatings help to deter the growth of micro-organisms in heating, ventilation and air conditioning systems. Ag ION coated materials inhibit the growth of different microbes
- North America accounted for 43.4% of the overall revenue share in 2019 and is projected to retain its dominant position throughout the forecast period
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Key Topic Covered
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Gvr’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third-Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation And Data Visualization
1.6 Data Validation And Publishing
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Antimicrobial Coatings Market Variables, Trends, And Scope
3.1 Antimicrobial Coatings Market Segmentation & Scope
3.2 Antimicrobial Coatings Market Size And Growth Prospects, 2016 – 2027 (Kilo Tons) (USD Million)
3.3 Antimicrobial Coatings Market – Value Chain Analysis
3.4 Antimicrobial Coatings Market Dynamics
3.4.1 Market Driver Analysis
220.127.116.11 Growth Of Global Medical Device Coatings Market
18.104.22.168 Increasing Market Penetration For Indoor Air Quality Products
3.4.2 Market Restraint Analysis
22.214.171.124 Stringent Regulations
3.5 Key Opportunities Prioritized
3.6 Industry Analysis – Porter’s Analysis
3.6.1 Supplier Power
3.6.2 Threat Of New Entrants
3.6.3 Industry Rivalry
3.6.4 Threat Of Substitutes
3.6.5 Buyer Power
3.7 Antimicrobial Coatings – Pestel Analysis
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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