South America 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 South America Antimicrobial Coatings Market during 2020-2028

According to this research study titled “South America 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$ 789.03 million by 2028 from US$ 350.20 million in 2020. The market is estimated to grow at a CAGR of 10.7% from 2020 to 2028. The report provides trends prevailing in the South America antimicrobial coatings market along with the drivers and restraints pertaining to the market growth. Escalating instances of hospital-acquired infections (HAIs) and rising use of antimicrobial coatings in diversified application bases are the major factors driving the growth of the South America antimicrobial coatings market. However, concerns regarding to harmful effects of antimicrobial coatings may hinder the growth of South America antimicrobial coatings market.

In case of COVID-19, in South America, especially Brazil, 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 South American countries, i.e., Argentina, Colombia, Peru, Chile, and Ecuador. 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 South America 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 South America antimicrobial coatings market. Based on application, the South America antimicrobial coatings is 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 South America antimicrobial coatings market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South American countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for antimicrobial coatings.

Cupron, 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 South America 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 South America Antimicrobial Coatings market as follows:

South America Antimicrobial Coatings Market - By Raw Material - Silver

• Copper
• Titanium Dioxide
• Others

South America Antimicrobial Coatings Market - By Application - Medical

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

South America Antimicrobial Coatings Market - By Country - Brazil

• Argentina
• Rest of South America