The antimicrobial coatings market is evaluated at US$4.020 billion for the year 2019 and is projected to grow at a CAGR of 12.05% to reach the market size of US$8.914 billion by the year 2026.
Antimicrobial coatings refer to coatings that are generally applied to surfaces to get protection against harmful micro-organisms. A large number of healthcare-associated infections is an increasing concern for the medical industry and to curb the problem, hospitals are increasingly adopting the use of antimicrobial coatings, which is anticipated to propel the growth of the antimicrobial coatings market during the forecast period. Also, the rise in awareness for hygiene and cleanliness around the world is expected to drive the growth of antimicrobial coatings. However, the benefits of antimicrobial coatings are not evidence-based which can hamper the growth of the antimicrobial coatings market. The U.S. Centers for Disease Control and Prevention (CDC) has stated that no evidence has been found which proves that antimicrobial coatings protect against bacteria and germs while recommending proper cleaning and hand-wash to be the best ways for preventing infection.
The recent outbreak of the novel coronavirus disease had a positive impact on the antimicrobial coatings market. The pandemic has drastically increased the focus on cleanliness and hygiene, which has led to an increased interest of people and various industries in antimicrobial coatings. The pandemic has seen a huge demand for antimicrobial coatings from the healthcare industry, while it is also increasingly being used in packaging applications. Looking at the rising interest in cleanliness and hygiene, various companies are launching new antimicrobial coatings products in the market, which is further anticipated to augment the demand for antimicrobial coatings. For instance, Smart Separations in December 2020 launched a new antimicrobial coating which, the company claims, destroys SARS-CoV-2 on surfaces, hence helping to prevent the spread of Covid-19. As interest in hygiene and cleanliness arose due to Covid-19 is expected to stay for long-term, the antimicrobial coatings market is projected to continue growing in the coming years.
The need to find a solution for healthcare-associated infections.
Due to a large number of hospitalized patients acquiring healthcare-associated infections, the healthcare industry is constantly looking for a solution to the problem, and hence the use of antimicrobial coatings has been increasing in hospitals, which is anticipated to surge the growth of the antimicrobial coatings market during the forecast period. According to WHO, healthcare-associated infections affect hundreds of millions of patients around the world every year. The infections cause significant deaths and lead to considerable monetary losses for the healthcare systems. The organization states that 7 hospitalized patients in developed and 10 in developing countries acquire at least one healthcare-associated infection out of every 100 hospitalized patients at any given time. Around 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection in high-income countries. In low- and middle-income countries the frequency of ICU-acquired infection is around 2-3 fold higher than in high-income countries. Infants have an even greater risk of getting affected by healthcare-associated infection in developing countries, with the rates of infection being 3-20 times higher as compared to high-income countries. According to European Centre for Disease Prevention and Control, the average prevalence of healthcare-associated infections is 7.1% in European countries. In Europe, nearly 4.13 million patients get infected by around 4.544 million episodes of healthcare-associated infection annually. According to US Center for Disease Control and Prevention, while taking treatment for other medical problems, approximately 1.7 million hospitalized patients every year get affected by HCAIs, and more than 98 thousand patients (one in 17) deaths are seen due to HCAIs. To curb the prevalence of healthcare-associated infections, hospitals are increasingly adopting antimicrobial coatings, which is projected to boost the growth of the antimicrobial coatings market during the forecast period.
A silver-based segment to hold significant market share.
By type, the silver-based segment is projected to hold the highest market share owing to its various advantages over other types of antimicrobial coatings. Silver is highly effective against different kinds of bacteria, fungi, algae, and viruses while being non-toxic to humans and thus finds effective use in the healthcare industry. The silver-based antimicrobial coatings are more efficient when compared to other antimicrobial coatings, which is the reason why it is highly preferred. It is also long-lasting and highly durable. Also, it does not wash off, wear away or leach out of the product's surface. Moreover, the increased demand for silver-based antimicrobial coatings from medical, food, and beverages, among other industries are some of the major drivers for the growth of silver-based antimicrobial coatings.
North America to hold a significant market share.
Geographically, the North American region is anticipated to hold a significant market share owing to a world-class healthcare system that is open to adopting innovative technologies, and high healthcare investment. The Asia Pacific region is anticipated to witness substantial growth due to the high prevalence of healthcare-associated infections in developing countries.
Competitive Insights
Prominent/major key market players in the antimicrobial coatings market include BASF SE, AkzoNobel, DuPont de Nemours, among others. The players in the antimicrobial coatings market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the antimicrobial coatings market.
Segmentation:
By Type
By Application
By Geography
Antimicrobial coatings refer to coatings that are generally applied to surfaces to get protection against harmful micro-organisms. A large number of healthcare-associated infections is an increasing concern for the medical industry and to curb the problem, hospitals are increasingly adopting the use of antimicrobial coatings, which is anticipated to propel the growth of the antimicrobial coatings market during the forecast period. Also, the rise in awareness for hygiene and cleanliness around the world is expected to drive the growth of antimicrobial coatings. However, the benefits of antimicrobial coatings are not evidence-based which can hamper the growth of the antimicrobial coatings market. The U.S. Centers for Disease Control and Prevention (CDC) has stated that no evidence has been found which proves that antimicrobial coatings protect against bacteria and germs while recommending proper cleaning and hand-wash to be the best ways for preventing infection.
The recent outbreak of the novel coronavirus disease had a positive impact on the antimicrobial coatings market. The pandemic has drastically increased the focus on cleanliness and hygiene, which has led to an increased interest of people and various industries in antimicrobial coatings. The pandemic has seen a huge demand for antimicrobial coatings from the healthcare industry, while it is also increasingly being used in packaging applications. Looking at the rising interest in cleanliness and hygiene, various companies are launching new antimicrobial coatings products in the market, which is further anticipated to augment the demand for antimicrobial coatings. For instance, Smart Separations in December 2020 launched a new antimicrobial coating which, the company claims, destroys SARS-CoV-2 on surfaces, hence helping to prevent the spread of Covid-19. As interest in hygiene and cleanliness arose due to Covid-19 is expected to stay for long-term, the antimicrobial coatings market is projected to continue growing in the coming years.
The need to find a solution for healthcare-associated infections.
Due to a large number of hospitalized patients acquiring healthcare-associated infections, the healthcare industry is constantly looking for a solution to the problem, and hence the use of antimicrobial coatings has been increasing in hospitals, which is anticipated to surge the growth of the antimicrobial coatings market during the forecast period. According to WHO, healthcare-associated infections affect hundreds of millions of patients around the world every year. The infections cause significant deaths and lead to considerable monetary losses for the healthcare systems. The organization states that 7 hospitalized patients in developed and 10 in developing countries acquire at least one healthcare-associated infection out of every 100 hospitalized patients at any given time. Around 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection in high-income countries. In low- and middle-income countries the frequency of ICU-acquired infection is around 2-3 fold higher than in high-income countries. Infants have an even greater risk of getting affected by healthcare-associated infection in developing countries, with the rates of infection being 3-20 times higher as compared to high-income countries. According to European Centre for Disease Prevention and Control, the average prevalence of healthcare-associated infections is 7.1% in European countries. In Europe, nearly 4.13 million patients get infected by around 4.544 million episodes of healthcare-associated infection annually. According to US Center for Disease Control and Prevention, while taking treatment for other medical problems, approximately 1.7 million hospitalized patients every year get affected by HCAIs, and more than 98 thousand patients (one in 17) deaths are seen due to HCAIs. To curb the prevalence of healthcare-associated infections, hospitals are increasingly adopting antimicrobial coatings, which is projected to boost the growth of the antimicrobial coatings market during the forecast period.
A silver-based segment to hold significant market share.
By type, the silver-based segment is projected to hold the highest market share owing to its various advantages over other types of antimicrobial coatings. Silver is highly effective against different kinds of bacteria, fungi, algae, and viruses while being non-toxic to humans and thus finds effective use in the healthcare industry. The silver-based antimicrobial coatings are more efficient when compared to other antimicrobial coatings, which is the reason why it is highly preferred. It is also long-lasting and highly durable. Also, it does not wash off, wear away or leach out of the product's surface. Moreover, the increased demand for silver-based antimicrobial coatings from medical, food, and beverages, among other industries are some of the major drivers for the growth of silver-based antimicrobial coatings.
North America to hold a significant market share.
Geographically, the North American region is anticipated to hold a significant market share owing to a world-class healthcare system that is open to adopting innovative technologies, and high healthcare investment. The Asia Pacific region is anticipated to witness substantial growth due to the high prevalence of healthcare-associated infections in developing countries.
Competitive Insights
Prominent/major key market players in the antimicrobial coatings market include BASF SE, AkzoNobel, DuPont de Nemours, among others. The players in the antimicrobial coatings market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the antimicrobial coatings market.
Segmentation:
By Type
- Silver
- Copper
- Titanium Dioxide
- Others
By Application
- Medical & Healthcare
- Textiles
- Construction & Building
- Food & Beverage
- HVAC System
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Others
- the Middle East and Africa
- Saudi Arabia
- UAE
- Others
- the Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Antimicrobial Coatings Market Analysis, by Type
6. Antimicrobial Coatings Market Analysis, by Application
7. Antimicrobial Coatings Market Analysis, by Geography
8. Competitive Environment and Analysis
9. Company Profiles
Companies Mentioned
- BASF SE
- AkzoNobel
- DuPont de Nemours
- Royal DSM
- Specialty Coating Systems
- Nippon Paint
- PPG Industries
- The Sherwin-Williams Company
- Axalta Coating Systems
- RPM International
- Burke Industrial Coatings LLC
Methodology
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