Europe Antimicrobial Coatings Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Raw Material (Silver, Copper, Titanium Dioxide, and Others), Application (Medical, HVAC, Mold Remediation, Building and Construction, Foods and Beverages, and Others)

Silver Segment to Dominate Europe Antimicrobial Coatings Market during 2020-2028

According to this research study titled “Europe Antimicrobial Coatings Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Raw Material, Application, and Country,” the market is expected to reach US$ 1,457.82 million by 2028 from US$ 616.10 million in 2020. The market is estimated to grow at a CAGR of 11.4% from 2020 to 2028. The report provides trends prevailing in the Europe antimicrobial coatings market along with the drivers and restraints pertaining to the market growth. Rapid increase in the instances of hospital-acquired infections (HAIs) and an upsurge in the use of antimicrobial coatings in diversified application bases are the major factors driving the growth of the Europe antimicrobial coatings market. However, the rise in the concerns related to harmful effects of antimicrobial coatings may hinder the growth of Europe antimicrobial coatings market.

In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of coatings manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for antimicrobial coatings during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of antimicrobial coatings manufacturing projects, thereby reducing the demand for antimicrobial coatings. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

The market for Europe antimicrobial coatings is segmented into raw material, application, and country. Based on raw material, the market is segmented into silver, copper, titanium oxide, and others. In 2019, the silver segment held the largest share in Europe antimicrobial coatings market. Based on application, the Europe antimicrobial coatings are bifurcated into medical, HVAC, mold remediation, building and construction, foods and beverages, others. The mold remediation segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID-19 pandemic, the Europe antimicrobial coatings market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the European countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for antimicrobial coatings.

Cupron; AK Coatings Inc.; Microban International Ltd.; PPG Industries Inc.; Akzo Nobel N.V.; DuPont de Nemours, Inc.; Nano-Care Deutschland AG and Axalta Coating Systems are some of the leading companies in the Europe antimicrobial coatings market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Europe Antimicrobial Coatings market as follows:

Europe Antimicrobial Coatings Market - By Raw Material - Silver

• Copper
• Titanium Dioxide
• Others

Europe Antimicrobial Coatings Market - By Application - Medical

• HVAC
• Mold Remediation
• Building and Construction
• Foods and Beverages
• Others

Europe Antimicrobial Coatings Market - By Country - Germany

• France
• Italy
• UK
• Russia
• Rest of Europe