Antimicrobial Coatings Market Size To Reach Revenue Of Around USD 6 Billion By 2026
CHICAGO, May 4, 2021 / PRNewswire / – In-depth analysis and data-driven insights into the impact of COVID-19 included in this report on the Global Antimicrobial Coatings Market. The Antimicrobial Coatings market is expected to grow at a CAGR of over 6% during the period 2020-2026.
Highlights of the report:
The major factors driving the antimicrobial coatings market are the growing awareness of hygiene, health safety, strict government regulations to control HAIs, and increasing demand from industries such as construction, textile, HVAC and public transportation.
Silver ions and its nanoparticles are the most widely used material in antimicrobial coatings. The silver material holds more than 54% of the market share.
Due to its additional antimicrobial properties, its ability to kill microbes within 2 hours of contact, and its availability at cheaper rates, copper is gaining acceptance in the healthcare industry.
North America is the primary market for antimicrobial coatings and is expected to grow at a CAGR of over 6% between 2020 and 2026.
In North America, due to the increase in the case of HAIs, patients with geriatric and chronic diseases have driven the demand for antimicrobial coating in the healthcare industry. Another engine includes strict government regulations regarding HVAC and indoor air quality.
The global silver materials market expects to reach over 3 billion USD by 2026. Silver metals are widely used in various end-user industries, which account for over 54% of the market share by value. They are used in antimicrobial coating due to the wide continuum of antibacterial, antifungal and antiviral properties, lower toxicity, high efficiency and long-lasting effect.
Antimicrobial Healthcare Coatings Market Expected To Reach Over 3 billion USD by 2026, with a CAGR of over 7%. The segment accounted for over 54% of the market share in 2020. The healthcare sector is one of the largest end users. The growing awareness of hygiene and health safety, the growth of cases of IAS and the constant increase in chronic orders are driving demand in the healthcare industry.
Copper based antimicrobial coating accounted for more than 15% market share in 2020. The demand for copper based coatings is likely to increase during the forecast period due to increasing awareness of manufacturers regarding the potent antimicrobial properties of the material and its low cost availability. compared to other metals.
Antimicrobial Coatings Market By Material Type
Antimicrobial Coatings Market By End User Industry
Antimicrobial Coatings Market – Dynamic
Despite being in the age of antibiotics, infections are a major problem. However, microorganisms play an essential role in the balance of the ecosystem. However, not all microorganisms are safe and can lead to death, while some pathogens even contribute to serious health problems. From food contact surfaces, doors, sofas, furniture, washing machines, air conditioners, hospital equipment, fabrics to mobile touch screens, every surface is prone to the growth of microorganisms. Therefore, to protect mankind from infection, antimicrobial coatings are applied to the materials. Natural antimicrobials protect foods from spoilage, such as plants that contain edible oil that fight pathogens but cannot extend the shelf life of foods. Antimicrobial coatings infection control systems are advancements that protect humans from exposure to disease.
Key Drivers and Trends Driving Market Growth:
Growing demand from the healthcare sector
Accelerating demand from the food industry
Innovation in existing and new products
Strong demand for HAI monitoring
Antimicrobial Coatings Market – Geography
In 2019, North America was the world’s largest market for antimicrobial coatings. The antimicrobial coatings market is driven by growth in the healthcare, automotive, construction industries and stringent indoor air quality regulations. North America has a highly regulated Environmental Protection Agency (EPA) that plays a key role in the oversight and marketing of antimicrobial coatings. In North America, the United States is the largest market for antimicrobial coatings, followed by Canada. Due to increasing demand from the healthcare, construction and food and packaging industry, the demand for antimicrobial coatings in North America is expected to increase over the forecast period.
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