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Antimicrobial Coatings Market expected to witness a significant growth rate of 11% by 2029.

04-26-2024 10:30 AM CET | Chemicals & Materials

Press release from: Market Data Forecast

Antimicrobial Coatings Market expected to witness

According to the latest research report published by Market Data Forecast, the global antimicrobial coatings market is expected to grow at a CAGR of 11% during the forecast period 2024-2029. The market value was at USD 5 billion in 2023 and the value is expected to reach USD 9 billion by the end of 2029.

It is applied to stop microorganisms and other bacteria from growing and expanding. These are extensively used in doors, walls, counters, glass panels and HVAC vents in the healthcare, construction and food industries.

Global Antimicrobial Coatings Market Report Scope:

• Market Size (2029): USD 9 Billion
• Market Size (2024): USD 5 Billion
• CAGR (2024 to 2029): 11%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Type, Application, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Akzonobel, Nippon Paint Company, DOW Chemical Company, Damond Vogel, Sherwin Williams, BASF SE, Axalta Coating Systems, RPM International, Lonza Group, Royal DSM, and Others.

Market Drivers:

Antimicrobial coatings demand has surged substantially in the healthcare sector. In recent times, the rise in several diseases has increased the morbidity and death rate around the world. This is a major issue for medical facilities and systems. Also, the growing hospital-acquired infections-related issues are contributing to the market growth. This coating is preferred by doctors over cleaning agents and disinfectants. So, antimicrobial costs (AMCs) along with the healthcare industry will swiftly accelerate in the coming years.
The technological developments continue to speedily expand the AMCs market. This encompasses next-generation antimicrobial layered ceramics, AMC polymers, antimicrobic photocatalytic coats and water purifying on coated reactors.
The rising concerns about sanitation and hygiene in multiple professional sectors are also propelling the antimicrobial coatings market's growth.

Market Restraints:

Carelessly or inappropriately layering with different cleaning methods is restricting the antimicrobial coatings market expansion. And this habit is highly popular in medical facilities. So, because of its major impact and risks, it emits harmful gasses in the environment. In addition, copper and zinc production and rates could be in raw material supplying nations like China, India and the US because of the heightening ecological problems. Likewise, to curb toxic emissions by industries Chinese Authorities have enforced stringent environmental regulations. And more countries are formulating legal frameworks to counter environmental challenges. This has affected the copper and zinc output. Most small mining companies have closed because of rising compliance expenses associated with environmental standards in the nation. This elevates the costs of products and raw materials and hinders the antimicrobial coatings market growth.
Another factor derailing the AMCs market expansion is the strict environmental laws. Companies around the world are compelled to follow the Biocidal Products Regulation (BPR), International Organization for Standardization (ISO), Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) and safe administration and antibacterial properties standards of ASTM International. All regulations are limiting the antimicrobial coatings market from going forward.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/antimicrobial-coatings-market

Key Insights from The Report:

• Based on type, the silver segment led the market and accounted for the largest share of the global market in 2023.
• Based on application, the indoor home appliances segment occupied the majority of the global market share in 2023.
• North America dominated the antimicrobial coatings market in 2023. Asia-Pacific accounted for the second-highest share of the global market in 2023 and on the other hand, the Europe region is estimated to grow at the fastest CAGR during the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Type:
• Copper
• Silver
• Polymer
• Others

By Application:
• Healthcare
• Building And Construction
• Indoor Home Appliances
• Mold Remediation
• Food And Beverages
• Textiles
• Cosmetics
• Others

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Browse Regional Reports:

North America Antimicrobial Coatings Market Research Report - Segmented By Type, Application and Country (United States, Canada and Rest of North America) - Industry Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-antimicrobial-coatings-market

Europe Antimicrobial Coatings Market Research Report - Segmentation By coatings (Silver, Chitosan, Copper, zinc, gallium, aluminium, titanium dioxide), By application (Healthcare, Building and construction, Indoor home appliance, Mold remediation, Food and beverages, Textiles, Cosmetics), By country analysis (Germany, UK, France, Italy, Spain) - Industry Forecast 2024 to 2029. - https://www.marketdataforecast.com/market-reports/europe-antimicrobial-coatings-market

Asia Pacific Antimicrobial Coatings Market Research Report - Segmented By Type, By Application & By Country(India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/apac-antimicrobial-coatings-market

Latin America Antimicrobial Coatings Market Research Report - Segmented By
Type, By Application & By Country(Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-antimicrobial-coatings-market

Middle East and Africa Antimicrobial Coatings Market Research Report - Segmented By Type, By Application & By Country(KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis, Size, Share, Growth, Trends, and Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-antimicrobial-coatings-market

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline

3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market

5. Market Segmentation
5.1 Antimicrobial Coatings Market, By Type
5.1.1 Introduction
5.1.2 Copper
5.1.3 Silver
5.1.4 Polymer
5.1.5 Others
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6Market Attractiveness Analysis, By Type
5.1.7Market Share Analysis, By Type
5.2 Antimicrobial Coatings Market, By Application
5.2.1 Introduction
5.2.2 Healtcare
5.2.3 Building & Construction
5.2.4 Indoor Home Appliances
5.2.5 Mold Remedation
5.2.6 Food & Beverages
5.2.7 Textiles
5.2.8 Cosmetics
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application

6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa

7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis
8.1 Akzonobel
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Snippon Paint Company
8.3 DOW Chemical Company
8.4 Damond Vogel
8.5 Sherwin Williams
8.6 BASF SE
8.7 Axalta Coating Systems
8.8 RPM International
8.9 Lonza Group
8.10 Royal DSM

9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches

10. Market Outlook and Investment Opportunities

11. Appendix
a) List of Tables
b) List of Figures

ABOUT US:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

MarketDataForecast
www.marketdataforecast.com
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
3rd Floor, Trendz Park Building, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana, India.

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