Antimicrobial Coatings Market Projected to Reach Around USD 9.52 Billion by 2027

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The global antimicrobial coatings market size is projected to reach around USD 9.52 billion by 2027. Growing concerns regarding cleanliness in various industries have led to the increased product demand, resulting in the rapid development of the global market. Antimicrobial coatings are used to protect surfaces against micro-organisms, which primarily include parasites, germs, bacteria, and unwanted micro-organisms. This application segment is expected to grow at a higher rate than the sanitary facilities & kitchen and air conditioning & ventilation systems application segments. Rising concerns regarding the growing cases of Hospital-Acquired Infections (HAIs) are also an important factor boosting the overall industry growth.

Some of the leading companies operating in the global industry include AkzoNobel NV, Damond Vogel, Dow Microbial Control and Sherwin-Williams among some other companies.

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Product Insights

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.

Application Insights

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.

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Regional Insights

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.

Segmentation

Antimicrobial Coatings Product Outlook

  • Antimicrobial powder coatings
    • Silver
    • Copper
    • Other
  • Surface modifications and coatings
    • E. Coli
    • Listeria
    • Pseudomonas
    • Others

Antimicrobial Coatings Application Outlook

  • Sanitary facilities and kitchen
  • Air conditioning and ventilation systems
  • Food processing and packaging
  • Antimicrobial textile
  • Mold remediation
  • Construction
  • Other applications

Antimicrobial Coatings Regional Outlook

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
  • Central & South America
  • Middle East & Africa

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