Middle East & Africa Antimicrobial Coatings Market Analysis, 2021

Market Overview

According to the publisher’ research report, “The Middle East & Africa Antimicrobial Coatings Market Analysis, 2021,” the market is likely to grow at a CAGR of around 8% in the forecast period of 2021-26. It owes to the latest innovations associated with durable, multifunctional, and low-cost antimicrobial coatings to be well-utilized in various end-user industries. Moreover, the booming demand for the supply of antimicrobial coatings is likely to provide lucrative growth opportunities for the leading players operating in the market and propel the overall market growth in the forecast period.

Impact of COVID-19

The outbreak of the Covid-19 pandemic badly hit the Middle East and African Antimicrobial Coatings Market. The imposition of lockdown by the government, causing supply chain disruptions & movement restrictions, which negatively impacted production activities, delivery schedules, and product sales. Moreover, several companies began to convey possible delays in product deliveries to avoid new losses. However, with the gradual upliftment of lockdown & ease of restrictions, the market is reviving and shall regain its usual speed in the forecast period.

Market Segmentation

Food & Beverages Attains the Largest Market Share

Based on the Application, Food & Beverages segments are likely to attain the largest market share in the forecast years. Antimicrobial coatings are used popularly because of their excellent film-forming properties for fresh and processed fruits & vegetables. Furthermore, there are surging consumer preferences for food products with longer shelf life & good quality, which antimicrobial coatings provide, thereby propelling the overall market growth in the coming years.

Silver to Witness the Fastest Market Growth

Based on the Type, the Silver segment is likely to be the largest market for antimicrobial coatings due to its less toxicity, high efficacy, and long-lasting effect. Alongside that, the robust growth is prominently in sectors like medical & healthcare, food & beverage for the safety & hygiene of the workplaces. It also prevents the spread of Covid-19 and other microbes on commonly touched surfaces. Hence, the segment is likely to witness a booming demand, which shall contribute to its robust growth in the forecast years, as states the author in their research report “The Middle East & Africa Antimicrobial Coatings Market Analysis, 2021.”

Country Landscape

Saudi Arabia for the Largest Market Share

Saudi Arabia shall dominate the Middle East & African market in the forecast years owing to prominent factors like the massive growth healthcare industry in emerging economies and the rapid growth of multiple end-user industries, like construction, healthcare, and food processing & packaging. Besides, the increasing government investments and private funding to combat Covid-19 conveyance further promote antimicrobial coatings in the country. Hence, Saudi Arabia is likely to witness the fastest market growth in the forecast years.

Market Driver

One of the prominent factors driving the market is the increasing concern and raising awareness about safety and hygiene. It is likely to bring multiple producers to focus on the development of antimicrobial products. It shall help comply with shifting consumer preferences and the overall market demand, leading it towards growth.

Competitive Landscape

According to the publishers, the major leading players in the Middle East & Africa Antimicrobial Coatings Market are AkzoNobel, Nippon Paint Dow Chemical, BASF SE, Lonza Group, Axalta Coating Systems, Diamond Vogel, Sherwin-Williams, RPM International Inc., Royal DSM.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Middle East & Africa Antimicrobial Coatings Market?
2. What are the country-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Middle East & Africa Antimicrobial Coatings Market?
4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in the Middle East & Africa Antimicrobial Coatings Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Middle East & Africa Antimicrobial Coatings Market study?