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Antimicrobial Coatings Market Size to Reach USD 8,650.7 Million by 2027; Substantial Focus on Disease Prevention to Promote Robust Growth

May 19, 2020 | Chemicals & Materials

The global antimicrobial coatings market size is predicted to USD 8,650.7 Million by 2027. The rising usage of antimicrobial coatings in hospital HVAC systems to prevent bacterial growth will enable speedy expansion of the market. HVAC systems help in maintaining the indoor air quality (IAQ) and also offers comfortable room temperature for patients and staff in healthcare facilities, mentioned in a report, titled “Antimicrobial Coatings Market Size, Share & Industry Analysis, By Type (Metallic {Silver, Copper, and Others}, and Non-metallic {Polymeric, and Others}), By Application (Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, and Others), and Regional Forecast, 2020-2027” the market size stood at USD 3,690.0 million in 2019 and is expected to register a CAGR of 11.5% between 2019 to 2027.


The collaboration of InvisibleShield with Kastus to Facilitate Sales


InvisibleShield, a ZAGG Inc publicly traded company headquartered in Midvale, Utah announced its partnership with Kastus, an Irish multinational technology company, at CES 2020 in Las Vegas, Nevada. The strategic collaboration between the company will enable


InvisibleShield to integrate its next generation of screen protectors with the innovative antimicrobial surface technology that can eliminate 99.99% of harmful bacteria, thus promoting the healthy use of technology. The new partnership between the company can be a vital factor in bolstering the growth of the market owing to the Kastus® Intelligent Surface Technology™ protection from harmful bacteria for touchscreens, and other gadgets such as smartphones, tablets, and even wearables. Moreover, the amalgamation of InvisibleShield's screen protectors, enriched with Kastus' unique functionality will aid both the companies to reinforce their position in the industry, while also benefiting consumers in protection and safety from bacterial infections.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784


 Adoption of Infection Control Strategies to Brighten Market Prospects


The outbreak of various infectious diseases and viruses has led to the adoption of infection control strategies, which in turn will fuel demand for the market in the forthcoming years. The increased vitality of antimicrobial coatings in medical devices to prevent the spread of infection will further enable the growth of the market. For instance, COVID-19, the virus is transmittable from person to person through a cough or sneeze; one can even catch the virus just by touching the infected surface. Hence, to provide a safer environment for patients and to stop the spread of infection, the healthcare industry is taking prolonged measures such as the adoption of antimicrobial-protected tools. Moreover, implant surfaces are considered vulnerable to biofilm formation, bacterial invasion, and immune reactions. Catheter-related bloodstream infections (CRBSI), and catheter-related urinary tract infections (CAUTIs), ventilator-related pneumonia (VAP) are some of the most common and critical device-related infections. Hence, these factors together are expected to restrict the growth of the market.


Increasing R&D and Innovation by Leading Players to Augment Growth


The market is dominated by the presence of major companies accounting for more than 40% of the global antimicrobial coatings market share. The leading companies in the market 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. Prominent market players are participating in R&D activities for the development of a superior quality coating with enhanced features. Furthermore, the adoption of marketing strategies such as strategic partnerships, product launches, deals, and agreements to strengthen its position in the market. Besides, the emphasis on expanding distribution networks and enhancing the product portfolio will aid the accelerating market revenue.


Further Report Findings:



  • Regional Analysis: The market size in North America regenerated a revenue of USD 1,383.5 million in 2019 and is expected to witness a high growth rate during the forecast period owing to the rising demand from indoor air / HVAC in hospitals. Asia Pacific is likely to hold the major share in the market owing to the demand for antimicrobial coatings from the construction, pharmaceuticals, and food & beverage industry.

  • Leading Segment: Indoor air / HVAC is predicted to hold the lion’s share during the forecast period owing to the use of antimicrobial coatings for the prevention of bacterial growth in water filters, medical equipment, consumer goods, food processing facilities, and HVAC systems of hospitals.


The Antimicrobial Coatings Market is Segmented into:








































 ATTRIBUTE



 DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million) and Volume (Tons)



Segmentation



By Type



  • Metallic

    • Silver

    • Copper

    • Others



  • Non-metallic

    • Polymeric

    • Organic





By Application



  • Medical & Healthcare

  • Indoor Air / HVAC

  • Mold Remediation

  • Building & Construction

  • Food & Beverage

  • Textile

  • Others



By Geography



  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, Spain, Russia & CIS, and Rest of Europe)

  • Asia Pacific (China, India, Japan, ASEAN, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



 

Antimicrobial Coatings Market
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  • 2019
  • 2016-2018
  • 120

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