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The global antimicrobial coatings market size was USD 3.69 billion in 2019 and is projected to reach USD 8.65 billion by 2027, exhibiting a CAGR of 11.5% during the forecast period.
An antimicrobial coating comprises active agents that prevent microbial growth on surfaces. They are applied to counters, walls, door handles, and other high-touch areas such as HVAC vents, mechanical, and others. Also, they are sprayed onto masks, shoes, carpets, and textiles, and others. Paint Manufacturers are utilizing antimicrobial coatings in their paints and wall products to inhibit the growth of pathogens. These coatings have additives, that provide adequate and long-lasting protection against mold, fungi, and bacteria. When antimicrobial coatings are added to a surface, they do not cause any discoloration, leech, or affects the surface final appearance.
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Growing Demand for Heating, Ventilation, and Air Conditioning for Indoor Air Quality
Major driving factor for the market is growing demand for antimicrobial surfaces due to increasing numbers of diseases and increasing demand for indoor air quality items such as HVAC. In modern society, the major issue is the growing number of diseases that are caused by microorganisms. Increasing microbial resistance to metal ions, antibiotics, and resistant strain growth has created awareness among the coating manufacturers to try alternatives to conventional coatings. Most of the companies are following the regulatory standards established by the Environmental Protection Agency (EPA) and other environmental care agencies in order to create new coatings with different formulations such as antibacterial and anti-odor properties. Increasing demand for such coatings due to the surge in the number of diseases will boost the growth of the market during the forecast period.
Hospitals are dynamic environments requiring special considerations regarding the design, maintenance, and repair of HVAC systems. HVAC systems are responsible for maintaining the indoor air quality (IAQ) high and offer a comfortable temperature to the patients. HVAC systems are necessary not only to maintain high levels of IAQ but also to maintain different temperatures within the hospital to reduce bacterial growth. Antimicrobial coatings have a practical benefit in HVAC systems such as cooling towers, and air conditioning, avoiding persistent biofilm build-up.
Growing Awareness Regarding Healthcare-Related Infections (HCAI) is Driving Antimicrobial Coatings Market
Healthcare-related infections (HCAI), also known as nosocomial infections, are healthcare complications that result in increased morbidity and mortality for patients. HCAI raises healthcare costs for patients, hospitals, insurers due to prolonged hospitalization and clinical care. HCAI affects about 2 million people per annum, where about 90,000 people die Similarly, the European Center for Disease Prevention and Control (ECDC) estimates that about 4.1 million acute care patients develop an HCAI annually, with 37,000 deaths directly attributed to HCAI.
There is more awareness regarding the Gram-positive Staphylococcus aureus-associated outbreaks, while the fact is that gram-negative species pose a greater risk. Nonetheless, HCAI occurrence is usually considered preventable. While hand hygiene is widely regarded as the most important preventive measure for health care staff, in addition to proper washing, disinfectant use, and antibiotics. Another such strategy includes antimicrobial paint that is combined with active ingredients are responsible for removing the microorganisms that come into contact with treated surfaces.
Antimicrobial materials aim to provide validated security against various microbial attacks by curbing the growth of unwanted microbes which can either cause infections or degradation of the product. These coatings can also provide protection against fungi, which is commonly considered to be a key feature for distinct outdoor applications. Thus, the wider application of these coatings in the healthcare industry is fuelling the demand of the market.
Increase in Demand from Medical Device Industry Is Expected To Boost the Antimicrobial Coatings Market
The aging population, led by declining fertility levels and increasing life expectancy, is a major driver for medical devices. Medical devices play a vital role in providing healthcare, and in improving the health of individuals. Elderly people account for about one-third of the total healthcare demand. The global elderly population is estimated to grow from approximately 610 million that is 8.3% of the world population in 2015 to 1.8 billion increasing to 17.8% of the world population by 2060, according to United Nations estimates. Europe's elderly population is estimated to cross almost 29% of the population by 2060. Projected growth in annual medicare spending is projected to significantly lead to the rise in national health spending during the forecast period. The healthcare industry has a relatively limited number of big, diversified firms, and a big number of smaller firms primarily engaged in researching and developing new technologies for particular therapeutic fields.
The growing number of healthcare sectors, using antimicrobial-treated medical tools, are adopting specific infection control strategies. Medical devices that are coated with antimicrobial agents play a major role in bringing down infection rates. The various newly discovered virus such as COVID-19 which can be spread from one person to another through cough or sneeze, and by touching the infected surface. To provide a safe environment for the patients and medical staff, the healthcare industry has accelerated the adoption of antimicrobial-protected tools. One of the most effective methods to avoid device-associated infections is the modification of medical devices and biomaterials. Health implant surfaces are considered a vital battlefield of biofilm formation, bacterial invasion, and immune reactions. This is also an intensive target for application and modification of these coatings. Since catheter-related bloodstream infections (CRBSI), and catheter-related urinary tract infections (CAUTIs), ventilator-related pneumonia (VAP) consists of the most common and expensive device-related infections, endotracheal tubes, or urinary catheters, vascular catheters are typically the ultimate test fields for many promising antimicrobial techniques to achieve in vivo and clinical result.
Emission of Active Ingredients is Likely to Hinder the Market
Despite all the beneficial effects of antimicrobials, their incorporation into the healthcare sector, along with various cleaning methods can cause significant changes in the toxic agent emissions into the environment, which may hinder the market demand. Active ingredients released from the coatings are likely to reach the environment gradually contributing to human, livestock, and microbiota exposure and potential adverse effects. The increasing usage of antimicrobial coatings, therefore, needs to be subjected to risk-benefit analysis. They are suitable for use in soft and hard surfaces as biocidal coatings. Biocidal products are required to avoid the proliferation of species that are harmful to both human and animal health. The biocidal products are potentially toxic, i.e. they display harmful effects to various types of cells or organisms due to inhibition of target organism proliferation such as pathogenic bacteria or microorganism biofilms.
Metallic Segment to be Leading Segment of the Market
In terms of type, the market is segmented into metallic, and non-metallic. The non-metallic segment is further bifurcated into polymeric, and organic. The metallic segment is further classified into silver, copper, and others. Silver sub-segment accounted for a prime share of the market. Silver antimicrobial coatings are widely used due to its low toxicity, and long-lasting antimicrobial action against Gram-positive and Gram-negative bacteria, fungi, protozoa, and some viruses. Silver (Ag) has increased the interest of many researchers among the materials with antimicrobial activity. Ag's antimicrobial properties are linked to its oxidized form (Ag+), the concentration required for an optimal effect ranging between 10 nM and 10 μM.
Copper antimicrobial coatings on surfaces result in high antimicrobial agent concentration that is present locally to induce contact killing of bacteria with little chance of development of resistance.
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Medical & Healthcare Segment to Account for the Major Share During the Forecast Period
In terms of application, the market is segmented into medical & healthcare, indoor air / HVAC, mold remediation, building & construction, food & beverage, textile, and others. The Medical & healthcare segment constituted the major share of the market. For medical facilities, antimicrobial coatings are used in medical products, appliances, and surfaces to prevent infection from spreading. The increasing awareness regarding the COVID-19 is likely to boost the demand of the market in the healthcare sector. Recently, researchers from IIT Guwahati developed affordable antimicrobial spray-based coating for personal protective equipment (PPE) kits to prevent and kill the microbes once they come in contact with the coated PPE surface.
Indoor air / HVAC is expected to expand at a rapid pace during the forecast period. Antimicrobial paint is safe and an efficient means of preventing odor growth-producing bacteria in hospitals, water filters, medical equipment, consumer goods, food processing facilities and is approved by EPA for use in HVAC systems. Environmental Protection Agency with the Council of Educational Facility Planners International (CEFPI) is taking plenty of steps and work to inform schools on air quality. EPA with CEFPI is taking plenty of steps and research to inform schools on air quality. Micro-organism growth can be minimized by regulating moisture, lowering the temperature, and providing nutrients.
North America Antimicrobial Coatings Market Size, 2019 (USD Million)
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The market size in North America was valued at US$ 1,383.5 million in 2019. North America constituted the key share of the market and is likely to maintain its dominance during the forecast period. In North American regional growth is driven by the increased demand from indoor air / HVAC and medical applications. Policy laws and health care companies are expected to boost the market in this region. The market is expanding in the food & beverages and apparel industries in the U.S. and Canada, which shall accelerate the regional demand. High living standards with growing government healthcare spending in the U.S. are anticipated to fuel the market demand. Continuous innovation in the healthcare industry and the growing production of processed foods are contributing to the growth of the market. The U.S. is one of the world's leading market for medical devices, coupled with medical research and development facilities, therby driving the market growth. In the U.S., the usage of antimicrobial coated medical equipment is growing due to the numerous steps taken by the government as well as the country's hospitals to avoid nosocomial infections.
Asia Pacific held the major share of the global market for antimicrobial coatings. Growing construction, pharmaceuticals, and food & beverage industries are likely to create opportunities for companies to invest in the Asia Pacific region. Globally demand for medical devices & drugs has increased due to the growing aging population as well as an increase in the number of patients with chronic diseases like cardiovascular & diabetes. Hospitals therefore need to take unnecessary hygiene and infection prevention steps, which is expected to boost the market in the healthcare sector.
Key Players Blending Strategies to Maintain Their Dominance in the Market
The market is concentrated with the top four companies accounting for more than 40% of the global market demand. Some of the global leading companies include Akzo Nobel N.V., BASF SE, Axalta Coating Systems, Diamond Vogel, Nippon Paint Company Ltd, PPG Industries Coatings, DuPont, DSM, and The Sherwin-Williams Company.
Major market players are engaged in research and development for producing colors of superior quality to provide enhanced features. Furthermore, the companies are now promoting strategic partnerships to improve the company's R&D efforts. The businesses put great emphasis on increasing the area of service to raise the market share and boost the company's revenues. Companies are dedicated to introducing new goods to suit the growing trends in consumers.
The antimicrobial coatings market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.
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Value (USD Million) and Volume (Tons)
Fortune Business Insights says that the global market size was USD 3.69 billion in 2019 and is projected to reach USD 8.65 billion by 2027.
In 2019, the market value stood at USD 3.69 billion.
Growing at a CAGR of 11.5%, the market will exhibit steady growth in the forecast period (2020-2027).
Metallic segment is expected to be the leading segment in this market during the forecast period.
Increase in demand from medical device industry will boost the market
North America held the highest market share in 2019.
Growing demand for heating, ventilation, and air conditioning for indoor air quality
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