2024 Nov 6 [United States] – The market for antimicrobial coating worldwide
is gaining ground due to health awareness and the various dangers of infections arising across
sectors. The Antimicrobial Coating Market is growing at a healthy CAGR of 11.2%
from the year 2023 and up 2031 to about US$ 8.82 billion by
2031.
Market Overview
The surface finishes
specialized to prevent microbial growth have been bacteria, fungi, or viruses.
Such specialized finishing is
increasingly applied in a wide variety of industries,
including health and food processing,
construction, and consumer goods, on surfaces where they impart an aspect of
hygiene and infection risk averseness. Of
late, demand for antimicrobial coating has grown pretty fast with increased
concerns about hygiene and safety issues
generated due to COVID-19.
Key Players
- Cupron
- Alistagen Corporation
- AK Coatings Inc
- Fiberlock
- Microban International Ltd
- PPG Industries Inc
- Akzo Nobel N V
- DuPont de Nemours Inc
- Nano Care Deutschland AG
Antimicrobial Coating
Market Trends
Several trends are
framing the antimicrobial coating market.
Heavy Adoption in
Healthcare: The consumer sector for antimicrobial coatings will be led by healthcare in 2023. The health sector
consists of more than 40 percent
of the share. As people are showing higher interest in controlling infection and
safety in a healthy environment, they are demanding much in this
industry.
Technological
Advancements: Silver-based and
copper-based antimicrobial agents are in the market because of coating
technology. Companies are working to give long-lasting products so that
pollution is not induced.
Government Support and
Requirements: All this support with respect to policies and norms is going to
boost the market in the near future. The regulatory authorities as well
as health ministries encourage the use of antimicrobial coatings in
schools, transport systems, and public buildings.
Increasing Demand in
Consumer Products: The
antimicrobial coatings market for consumer products like textiles, electronics, and
packaging are in great demand since consumers prefer a
healthier and cleaner life.
Antimicrobial Coating
Market Segmentations
By Raw Material
- Silver
- Copper
- Titanium Dioxide
By Application
- Medical
- HVAC
- Mold Remediation
- Building and Construction
- Foods and Beverages
Scope of Growth
The scope for growth
of the market of antimicrobial coating is humongous:
Asian Pacific and
Latin America have experienced fast-paced urbanization and increasing
disposable incomes. With such a development, the demand for antimicrobial
coatings grows further. Manufacturers can easily capitalize
upon the opportunities in this market by giving local solutions.
Expansion into
Non-Healthcare Applications: The biggest scope
outside of healthcare will be in food processing, construction, and transportation. Manufacturers should identify such sectors and
tap into those markets for more market share.
Sustainability Focus: With growing customer awareness and care for
the environment, manufacturers would now have the opportunity to design
eco-friendly antimicrobial coatings that are quite in
line with the sustainability goal and will attract environmentally conscious
customers.
Conclusion
Improving
technologies, increasing health awareness, and growing support of the industry from regulations will spur the antimicrobial
coating market to grow robustly. The more industries take these
coatings to improve hygiene and public health,
the better it will be for
companies that innovate and respond to demand.
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