Antimicrobial Coatings Market worth $7.0 billion by 2027 – At a CAGR of 10.8%

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• 194 Market data Tables
• 38 Figures
• 215 Pages and in-depth TOC on “Antimicrobial Coatings Market – Global Forecast to 2027″

This report also provides a comprehensive analysis of the companies listed below:

Some of the leading companies involved in the manufacturing of antimicrobial coatings are AkzoNobel N.V.(Netherlands), The Sherwin-Williams Company (US), PPG Industries Inc. (US), Nippon Paint Holdings Co. Ltd. (Japan), and AXALTA Coating Systems Ltd. (US). These companies, along with other regional companies, cater to the demand for antimicrobial coatings globally.

Recent Developments in Antimicrobial Coatings Market

1. In August 2022, PPG Industries Inc. has announced to invest of USD 11 Million to enhance the production capacity of powder coatings in Mexico.
2. In July 2022, an investment has been announced by AkzoNobel N. V. to increase and improve the production of aerospace coatings and improve the production flexibility of decorative paints in Europe.
3. In July   2022, AkzoNobel N. V. acquired the wheel liquid coating business of Lankwitzer Lackfabrik GmbH.
4. In June 2022, AkzoNobel N. V. acquired the paints and coatings business of Kansai Paint in South Africa.
5. In June 2022, Sika AG opened a new manufacturing plant of concrete admixtures in Virginia (US). Sika AG will satisfy the strong demands in the Northeast and Mid-Atlantic regions.
6. In March 2022, PPG Industries, Inc. announced to open of a Research and Development Centre in Milan, Italy. This R&D Center will develop innovative technologies for powder coatings.
7. In March 2022, AkzoNobel N. V. started a global research and development center in the UK.
8. In February 2022, PPG Industries, Inc. acquired the powder coatings business of Arsonsisi, headquartered in Milan, Italy
9. In February 2022, Nippon Paint Holdings Co. Ltd. increased its product portfolio by adding a new product Protecton Floor VK Clear, which is an antiviral and antibacterial paint used for interior and semi-exterior floors. In the same year, Nippon Paint Holdings Co. Ltd. added a new product Protecton Interior Wall VK Coat to its product portfolio. This product is used for interior walls only.
10. In February 2022, The Sherwin-Williams Company signed an agreement with the state of North Carolina, Iredell County, and the city of Statesville to expand the architectural paint and coatings manufacturing capacity. This includes the 36,000-square-foot extension and addition of 4 new rail spurs and the construction of 800,000-square-foot distribution and fleet transportation center.
11. In January 2022, BASF collaborated with Permionics Membranes Pvt. Ltd. to build washable and reusable face masks for India

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The antimicrobial coatings market has been segmented based on its type i.e. silver, copper, titanium dioxide, and others. Silver-based antimicrobial coatings have greater efficiency to prevent the growth of microorganisms and hence it is used in several areas such as the medical and healthcare sector, protective clothing, HVAC systems, and others. In the medical and healthcare sector, these coatings are used for various surgical instruments, catheters, injections, and others. In HVAC Systems, these coatings are used in both interior and exterior surfaces of duct systems. In the protective clothing area, these coatings are used on the clothes such as medical gowns, masks, and others. These antimicrobial coatings are also used in various food processing areas such as restaurants, etc.

The Antimicrobial coatings market is segmented based on end-use applications. Antimicrobial coatings can be used in various end-use industries such as medical and healthcare, food & beverages, building and construction, HVAC systems, and others. In the medical and healthcare industry, these coatings are used in coating the surfaces of masks, surgical gowns, surgical instruments, and others. In the food and beverages industry, these coatings are used to cover the surfaces where food is processed, such as in restaurants. In the building and construction industry, these coatings are used in coating the indoor and outdoor walls of buildings, door knobs, and other touching surfaces. In other industries, these coatings are used in coating protective wear, curtains, drapes, carpets, wipes, bedding, footwear, other apparel, electronic items, kitchen utensils, bathroom products, etc. These coatings are also used in coating the cabins, dashboards, and other surfaces of vehicles in the marine, aerospace, and automotive industries.

The antimicrobial coatings market is studied in five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. North America is the fastest-growing market and the largest consumer of antimicrobial coatings globally. The growth is led by increasing the demand of antimicrobial coatings from the healthcare & medical sector for preventing the growth of several microorganisms which causes HAIs. In addition to these, stringent regulations and norms related to hygiene, HVAC systems manufacturers are applying these coatings on the surfaces of duct systems to ensure the supply of clean air. The second-largest antimicrobial coatings market globally is present in Europe. The Medical & healthcare sectors are the main sector, attributed to the growth of the antimicrobial coatings market in Europe. The Asia Pacific is the third-largest market for antimicrobial coatings globally. The penetration of antimicrobial coatings in the Asia Pacific is quite low due to the little awareness about the antimicrobial coatings, low buying potential, lack of regulations, and low per capita income compared to developed regions.

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