Antimicrobial Powder Coatings Global Market Report 2024

The antimicrobial powder coatings market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. Historical growth can be attributed to the increasing awareness of hygiene standards, strict regulatory requirements, concerns related to health and pandemic preparedness, the demand for consumer goods, and efforts aimed at preventing microbial growth.

The antimicrobial powder coatings market size is expected to see rapid growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. Forecasted growth is due to healthcare infrastructure development, expanding food and beverage industry, rising demand in residential construction, preventive measures in public spaces, and increased use in transportation. Major trends include integration into building materials, consumer goods, automotive surfaces, improved formulations for prolonged efficacy, and compliance with certification standards.

The escalating focus on mitigating contamination risks in medical equipment is projected to drive the expansion of the antimicrobial powder coating market in the future. Contamination in medical equipment encompasses the unintended introduction of infectious materials such as bacteria, viruses, fungi, and other harmful agents, posing health risks to individuals. Antimicrobial powder coatings are increasingly utilized in settings such as hospitals, surgical centers, and dental offices to coat medical equipment such as hospital beds, wheelchairs, handrails, lifts, and trolleys. This protective layer acts as a barrier against bacteria, viruses, parasites, molds, and mildew, reducing the likelihood of hospital-acquired infections. For instance, the World Health Organization (WHO) reported in 2022 that globally, approximately 7 out of 100 patients in high-income countries and 15 out of 100 patients in low- and middle-income countries acquire at least one healthcare-associated infection (HAI). On average, 1 in every 10 affected patients succumbs to an HAI. Given these concerning statistics, the increasing emphasis on preventing contamination risks in medical equipment is anticipated to significantly boost the demand for antimicrobial powder coatings in the coming years.

The burgeoning focus on hygiene awareness is a driving force behind the expansion of the antimicrobial powder coating market. Hygiene, centered on practices ensuring cleanliness and disease prevention, has gained prominence, fueling the market's growth. Antimicrobial powder coatings play a pivotal role in augmenting hygiene awareness by furnishing surfaces with a protective layer that actively combats microbe growth, fostering cleaner and healthier environments. A notable indicator of this trend comes from UNICEF, a US-based United Nations agency providing humanitarian aid, indicating a substantial rise in global access to basic hygiene services from 2015 to 2022. The population with access increased by over 1 billion, climbing from 67 percent (5.0 billion) to 75 percent (6 billion), highlighting a positive trajectory in hygiene awareness. Consequently, this heightened emphasis on hygiene is poised to propel the growth trajectory of the antimicrobial powder coating market in the forthcoming years.

Product innovation emerges as the predominant trend driving traction within the antimicrobial powder coating market. Leading market players are intensively engaged in research and development endeavors aimed at innovating their product offerings, striving for a competitive edge. Notably, in September 2023, Microban, a US-based company renowned for its expertise in antimicrobial technologies and odor control solutions, unveiled Ascera - an avant-garde, nature-inspired, and patent-pending antimicrobial technology. Ascera represents a groundbreaking solution that delivers lifelong protection specifically tailored for olefinic polymers and solvent-based coatings. This innovation boasts optimized processing, seamless integration, and exceptional efficacy in furnishing enduring antimicrobial defense, all achieved without reliance on heavy metals. Ascera is poised to revolutionize the antimicrobial powder coating landscape, offering an environmentally friendly, highly efficient solution that sets new standards for the industry.

Major players within the antimicrobial powder coating market are directing their efforts towards innovative solutions, such as thermoplastic elastomers integrated with antimicrobial technology, to safeguard high-touch surfaces and applications. These materials combine the flexibility and moldability of thermoplastic elastomers with the capability to impede microbial growth, thereby enhancing durability and hygiene across diverse applications. Notably, in May 2021, Avient Corporation, a US-based global manufacturer specializing in polymer materials, introduced GLS Thermoplastic Elastomers with Antimicrobial Technology. This offering incorporates EPA-registered antimicrobial additives, showcasing the ability to inhibit bacterial growth by 99.9% or more, meeting stringent efficacy standards outlined in JIS Z2801 and ASTM G21-15. This innovative product represents a significant advancement within the antimicrobial powder coating realm, extending the lifespan of treated surfaces while maintaining integrity, bolstering durability, and minimizing odors. Its capability to protect vulnerable surfaces from microbial growth renders it a valuable asset in enhancing surface treatment methodologies.

In April 2022, PPG Industries, Inc., a US-based entity specializing in coatings, sealants, and adhesives, completed the acquisition of Arsonsisi's Powder Coatings Manufacturing Business for an undisclosed sum. This strategic move significantly bolsters PPG's presence within the antimicrobial powder coating market while amplifying its operational capacities across Europe. While specific financial particulars of the acquisition remain confidential, it's noteworthy that Arsonsisi, an Italy-based company, is recognized for supplying specialized powder coatings tailored for both industrial and architectural applications. This acquisition solidifies PPG's foothold in the sector, leveraging Arsonsisi's expertise and market share to fortify PPG's position in the realm of antimicrobial powder coatings.

Major companies operating in the antimicrobial powder coatings market report are BASF SE, The Sherwin-Williams Company, PPG Industries Inc., Royal DSM N.V., Akzo Nobel N.V., ICL Advanced Additives Ltd., Nippon Paint Holdings Co. Ltd., RPM International Inc., Axalta Coating Systems LLC, Troy Corporation, Berger Paints Ltd., IFS Coatings, IGP Pulvertechnik AG, Teknos Group Oy, DuPont Microbial Control, Gebr. Mankiewicz & Co. GmbH & Co. KG, Diamond Vogel, Aerowood Powder Coating Limited, Microban International Ltd., Protech Group, Sono-Tek Corporation, Rapid Engineering Co Pvt. Ltd., Cupron Inc., Lonza Group AG, Tulip Paints, Pulver Kimya San. ve Tic. A.Ş., Kastus Technologies Ltd., Topo Powder Coating Co. Ltd., Thermaset Ltd., BioCote Ltd., SANITIZED AG, Hydromer Inc.

North America was the largest region in the antimicrobial powder coatings market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the antimicrobial powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the antimicrobial powder coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Antimicrobial powder coatings encompass various product categories, including natural, organic, and inorganic variants. Natural antimicrobial powder coatings specifically incorporate compounds derived from natural sources such as herbs and plants. These coatings often utilize additives such as silver, zinc, copper, and other naturally occurring substances. Industries ranging from healthcare and textiles to electrical and electronics, food and beverages, building and construction, among others, commonly employ these coatings to leverage their antimicrobial properties.

The antimicrobial powder coatings market research report is one of a series of new reports that provides antimicrobial powder coatings market statistics, including antimicrobial powder coatings industry global market size, regional shares, competitors with antimicrobial powder coatings market share, detailed antimicrobial powder coatings market segments, market trends, and opportunities, and any further data you may need to thrive in the antimicrobial powder coatings industry. This antimicrobial powder coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The antimicrobial powder coating consists of sales of mercury, tin, lead, bismuth, cadmium, chromium, and thallium ions-based additives, 10,10-oxybisphenoxarsin, 2-n-octyl 4ixothiazolin-3–1, nanoparticle-based, polypeptides-based, and quaternary ammonium-based powder coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.