Antimicrobial Coatings Market Size, Share & Trends Analysis Report By Application (Construction, Medical Devices), By Product (Antimicrobial Powder Coatings, Surface Modifications & Coatings), And Segment Forecasts, 2022 - 2030

Report Overview

The global antimicrobial coatings market size was valued at USD 9.0 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.8% from 2022 to 2030. Growing concern regarding cleanliness in various professional industries has led to the rapid development of this industry. These are used to protect surfaces against micro-organisms, which primarily include parasites, germs, bacteria, and unwanted micro-organisms. Amid the global COVID-19 pandemic, the demand for various pharmaceutical products, disinfectants, and sanitizers has increased. This, in turn, is driving the demand for antimicrobial coatings in medical devices application.

However, the segment is expected to grow at a higher rate than the sanitary facilities and kitchen and air conditioning and ventilation systems application segment. Rising concerns regarding Hospital-acquired Infections(HAIs) are also boosting the overall industry growth. Doctors prefer antimicrobial coatings over disinfectants and cleaning agents. This would also help reduce both cost and time for the hospitals in which they are prominently used. They help in curbing the spread of germs, which can otherwise cause weakened immune systems among people. Nevertheless, health concerns related to silver usage in various applications along with strict regulations in the European Union and the U.S. are presumed to create a hindrance to the overall demand.

The SHER-NAR coating, which primarily consists of a three-coat finishing process is required to meet the standards of the American Architectural Manufacturers Association. AAMA 2605-13 is considered the most effective coatings solution used mainly in architectural applications. In the recent past, the antibiotic local application directly on the local surface is considered more efficient as compared to antibiotics penetration through biofilm. The bacteria are killed instantly before the biofilm is formed. These antibiotics can be applied in bone cement that is used to fix implants associated with orthopedic and orthodontic implants.

Product Insights

The surface modifications and coatings product segment led the market and accounted for more than 53.0% share of the global revenue in 2021. This high share is attributed to its ability to modify the surface of a material by bringing physical, chemical, or biological characteristics different from the ones originally found on the surface of a material. This modification is usually made to solid materials, but it is possible to find examples of the modification to the surface of specific liquids. The modification can be done by different methods to alter a wide range of characteristics of the surface, such as roughness, hydrophilicity, surface charge, surface energy, and biocompatibility. The formation of biofilm on an orthopedic implant surface is one of the major problems for patient prognosis and increases the overall cost associated with the treatment of patients.

The use of surface modifications in a manner would help in imparting antimicrobial benefits to the implant devices. Owing to their unique properties, such as surface adhesion prevention, antimicrobial-eluting, bactericidal, and Osseo integration promotion, surface modifications, and coatings are expected to drive the demand over the forecast period. On the basis of products, the antimicrobial powder coatings market can be categorized into silver, copper, and others. Silver has the largest consumption among all these coatings. This is owing to the use of silver in coatings has experienced a dramatic revival. Inorganic silver antimicrobial coating systems based on silver salts, colloidal silver, silver zeolite or ion exchange resins, complex glasses containing metal ions, and nanosilver have been in high demand in the healthcare industry.

Application Insights

The medical devices application segment led the market and accounted for more than 41.0% share of the global revenue in 2021. This high share is attributable to product properties as it protects surfaces from microbes including fungi, parasites, bacteria, and germs. The rising number of hospitals along with the increasing requirement for healthcare facilities creates a need for sophisticated devices and equipment, which will augment product demand. The rising demand for antimicrobial coatings in catheters, implantable, and surgical instruments, as they are biocompatible, non-toxic, and biostable, will promote industry development over the forecast period. The presence of key medical equipment players including GE Healthcare Technologies, Johnson & Johnson, Baxter International Inc., and Stryker Corp. is likely to boost the production of antimicrobial coated medical devices.

This, in turn, is expected to drive the market over the forecast period. North America will witness immense market growth owing to the rising healthcare expenditure in the U.S. The presence of various coating manufacturers in the U.S. including SurModics, Inc., Hydromer, Inc., Materion Corp., Specialty Coating Systems, Inc., and Precision Coating Co., Inc., will also propel industry expansion over the forecast period. Air conditioning and ventilation systems have been one of the leading applications of antimicrobial coatings over the past few years. A wide range of initiatives and research studies are being undertaken by CEFPI with EPA to educate schools and colleges about the quality of air. The growth of micro-organisms can be reduced if there is moisture control, reduced temperature, and nutrient supply, which is expected to drive the market growth.

Regional Insights

North America dominated the market and accounted for more than 44.0% share of global revenue in 2021. The North America construction industry is expected to witness considerable growth owing to increasing demand for non-residential construction projects, such as hospitals, schools, and colleges, over the forecast period. The implementation of the “Affordable Healthcare Act” in the U.S. has triggered the construction of healthcare units and hospitals. The growing population is expected to further boost the construction of office spaces, industrial plants, schools, and colleges, thereby, driving the demand for antimicrobial coatings in construction applications.

The antimicrobial coatings market in North America is expected to witness slow growth as the cross-border trade among the economies got affected on account of the COVID-19 pandemic. The market is primarily driven by the rising demand for Polypropylene (PP) and ABS in the packaging application segment for manufacturing bottles, face masks, and face shields among others. Asia Pacific ranks second in terms of CAGR after North America. The market is driven by the growth of the major end-use industries, such as healthcare, construction, and food processing & packaging.

The robust manufacturing base of the packaging products industry in China, Japan, and India coupled with increased sales of e-commerce and packed food products is anticipated to augment the market growth in the near future. In addition, favorable policies, such as Foreign Direct Investments (FDI) and Make in India, implemented by the government of India are expected to create ample growth opportunities for the food processing and healthcare industry, which, in turn, is expected to increase the consumption of antimicrobial coatings in the region.

Key Companies & Market Share Insights

Companies in the market compete on the basis of product quality offered and technology used for the production. Major players focus on infrastructural development and expansion of their manufacturing facilities. Companies also invest in R&D and seek opportunities to vertically integrate across the value chain. These initiatives help them cater to the increasing global demand, ensure competitive effectiveness, enhance their sales & operations planning, develop innovative products & technologies, bring down their production costs, and expand their customer base. The global market is found to be significantly fragmented owing to the presence of a large number of manufacturers. Some of the key players in the global antimicrobial coatings market are:

• AkzoNobel N.V.

• AK Steel Corp.

• Lonza

• Diamond Vogel

• DuPont

• Axalta Coating Systems

• Nippon Paint Holdings Co., Ltd.

• PPG Industries, Inc.

• RPM International Inc.

• Koninklijke DSM N.V.

• Burke Industrial Coatings

• The Sherwin-Williams Company

• Troy Corporation

Antimicrobial Coatings Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2030. For the purpose of this study, Grand View Research has segmented the global antimicrobial coatings market report on the basis of product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Antimicrobial Powder Coatings

    • Silver

    • Copper

    • Other

  • Surface Modifications & Coatings

    • E. Coli

    • Listeria

    • Pseudomonas

    • Others

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • Sanitary Facilities & Kitchen

  • Air Conditioning & Ventilation Systems

  • Food processing & packaging

  • Antimicrobial Textiles

  • Mold Remediation

  • Construction

  • Medical Devices

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

  • Central & South America

  • Middle East & Africa