Antimicrobial Coatings Market Size, Share & Trends Report

Antimicrobial Coatings Market Size, Share & Trends Analysis Report By Product (Surface Modifications & Coatings, Antimicrobial Powder Coatings), By Application (Construction, Medical Devices), And Segment Forecasts, 2021 - 2028

  • Published Date: Apr, 2021
  • Base Year for Estimate: 2020
  • Report ID: 978-1-68038-098-9
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 110

Report Overview

The global antimicrobial coatings market size was valued at USD 8.1 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 13.1% from 2021 to 2028. Growing concerns regarding cleanliness in various industries have led to the increased product demand, resulting in the rapid development of the global market. Antimicrobial coatings 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.

U.S. antimicrobial coatings market size, by product, 2016 - 2028, (USD Billion)

This application segment is expected to grow at a higher rate than the sanitary facilities & kitchen and air conditioning & ventilation systems application segments. Rising concerns regarding the growing cases of Hospital-Acquired Infections (HAIs) are also an important factor boosting the overall industry growth. Moreover, doctors prefer using antimicrobial coatings over disinfectants and powerful cleaning agents as these products help in curbing the spread of germs, which can otherwise cause weakened immune systems.

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 hindrance for 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’s specification. AAMA 2605-13 is considered the most effective coatings solution used mainly in architectural applications.

The antibiotic 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, such as orthopedic and orthodontic implants.

Product Insights

The surface modifications and coatings product segment led the global market and accounted for more than 53% share of the global revenue in 2020. This high share is attributed to the product’s 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 with a view of altering 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 patient treatment. 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 Osseointegration promotion, the surface modifications & coatings segment is expected to account for the maximum revenue share by 2028.

The antimicrobial powder coatings segment is further categorized into silver, copper, and others. Silver has the maximum consumption among all these products. 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 global market and accounted for more than 42% share of the global revenue in 2020. This high share is attributed to the product properties as they protect 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 in this application segment.

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. A strong presence of the major medical devices companies including GE Healthcare Technologies, Johnson & Johnson, Baxter International Inc., Medtronic, and Stryker Corporation in the U.S. is likely to boost the production of antimicrobial coated medical devices in the Covid-19 pandemic, which is expected to drive the segment growth over the forecast period.

Global antimicrobial coatings market share, by application, 2020 (%)

North America will witness immense market growth owing to the rising healthcare expenditure in the U.S. In addition, the presence of various coatings manufacturers in the U.S. including SurModics, Inc. and Hydromer, Inc. will propel industry expansion over the forecast period. Air conditioning and ventilation systems have been one of the leading applications of the product over the past few years. A wide range of initiatives and research studies undertaken by CEFPI with EPA to educate schools and colleges about the quality of air, which will boost product demand. The growth of micro-organisms can be reduced with the help of moisture control, reduced temperatures, etc., which is expected to drive the market.

Regional Insights

North America dominated the global market and accounted for over 43% share of the overall revenue in 2020. The construction industry in North America 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 the construction application.

However, the halts in cross-border trade on account of the Covid-19 pandemic may have some limitations on the regional market growth to some extent. The market is primarily driven by the rising demand for polypropylene and ABS in the packaging application segment for manufacturing bottles, face masks, and face shields among others.

Asia Pacific is estimated to be the second-fastest-growing regional market over the forecast period. 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 packaged 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 industries, 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 in the manufacturing process. Major players focus on expanding their manufacturing facilities, investments in R&D facilities, infrastructural development, and seeking 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 antimicrobial coatings market is significantly fragmented owing to the presence of a large number of manufacturers across the globe, which include:

  • AkzoNobel N.V.

  • Nippon Paint Co. Ltd.

  • PPG Industries Inc.

  • RPM International

  • DSM

  • The Sherwin Williams Company

Antimicrobial Coatings Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 9.1 billion

Revenue forecast in 2028

USD 21.5 billion

Growth rate

CAGR of 13.1% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in kilotons, revenue in USD million/billion, and CAGR from 2021 to 2028

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; U.K.; Germany; France; China; India

Key companies profiled

AkzoNobel N.V.Z; Nippon Paint Co. Ltd.; PPG Industries, Inc.; RPM International; DSM; The Sherwin Williams Company

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. 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, 2016 - 2028)

    • Antimicrobial Powder Coatings

      • Silver

      • Copper

      • Other

    • Surface Modifications & Coatings

      • E. Coli

      • Listeria

      • Pseudomonas

      • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

    • 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, 2016 - 2028)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

    • Central & South America

    • Middle East & Africa

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