Breathable Antimicrobial Coatings Market Size, Share & Trends Analysis Report By Application (Indoor Air Quality, Mold Remediation, Textiles, Medical & Pharmaceutical, Construction, Food, Others), By Region, And Segment Forecasts, 2023 - 2030

Market Size & Trends

The global breathable antimicrobial coatings market size was valued at USD 547.4 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 11.3% from 2023 to 2030.Growing rate of nosocomial infections, rising awareness for better healthcare practices, and increasing prevalence of chronic diseases are anticipated to drive the demand for breathable antimicrobial coatings over the forecast period.

Rising geriatric population and ongoing technological advancements such as the growth of nanotechnology are expected to further augment the market growth in the near future. The product does not allow growth of unwanted microorganisms, which is expected to propel its utilization in homes, schools, hospitals, industrial, and commercial applications. In addition, the breathability of the coating allows it to dry fast and provides high resistance to water.

Breathable antimicrobial coatings are highly used for application in indoor air quality control and mold remediation. These are used on the walls & ceilings of the residential and commercial building in order to prevent fungicidal growth and protect the surface from mold re-growth. Growing consumer awareness regarding healthcare and hygiene is expected to have a positive impact on the demand over the forecast period.

Rising consumer willingness to pay and increasing exposure of consumers towards new healthcare trends through social media and e-commerce is expected to augment the demand for breathable antimicrobial coatings over the forecast period. In addition, increasing prevalence of chronic diseases is also expected to play a key role in rising demand for the product in hospitals, food industries, and pharmaceutical packaging.

Application Insights

The indoor air quality segment accounted for the largest revenue share of 28.5% in 2022 and is expected to grow at the fastest CAGR of 12.6% during the forecast period. Over the past few years, there has been increasing focus towards the improvement of the air quality in order to reduce the risk of health problems associated with indoor pollutants. Human health is highly dependent on the building environment.

Tight building envelopes and improper ventilation leads to sick building syndrome, in which the patient experiences headaches and respiratory ailments. These factors are likely to augment the demand for the product over the forecast period.

The mold remediation application is likely to grow at a CAGR of 11.7% during forecast period, on account of rising use of these coatings in hospital bed trays, surgical trays, medical device packaging, IV stands, medical monitoring equipment, medical carts, wall coverings, countertops, and surfaces.

These coatings not only prevent bacterial growth but also act as a barrier against other microbes present in the air. They prevent degradation of the device, thereby enhancing its life, which is expected to propel the demand over the forecast period.

Construction application is expected to grow at a considerable rate over the forecast period on account of increasing demand for bacteria and moisture prevention of residential & commercial buildings. These coatings increase the shelf life of the paint and require low maintenance which is expected to augment the demand over the next eight years.

Regional Insights

North America dominated the global breathable antimicrobial coatings market and accounted for the largest revenue share of 44.0% in 2022 and is expected to grow at the fastest CAGR of 12.3% during the forecast period. Technological advancement coupled with the presence of numerous market players is expected to propel the demand over the forecast period. In addition, rapid growth in the healthcare spending coupled with increasing consumers’ willingness to pay is likely to propel growth.

Asia Pacific is expected to witness a CAGR of 11.2% during forecast period. Rising population coupled with increasing prevalence of hospital-associated infection is expected to fuel growth. In addition, changing manufacturing trends is expected to propel utilization of the product in pharmaceutical packaging and food industries over the next eight years. China and India are the key markets for the product in the region.

Key Companies & Market Share Insight

The market is characterized by the presence of a limited number of market players occupying the majority share. The companies have been involved in R&D in order to develop new products.

In addition, coating manufacturers work in partnership with major antimicrobial technology providers including Microban in order to impart the antimicrobial properties in their coating products. These are then utilized for application in various industries. For instance, JFB Hart Coatings work in partnership with Microban which provides antimicrobial properties to its breathable urethane and epoxy coatings. Some of the major key players in the breathable antimicrobial coatings market include:

• Dupont

• Paradigm Labs

• H.B. Fuller Company

• Fast Mold Removal

• JFB Hart Coatings

Recent Developments

• In 2022, the strategic alliance between Energeia-Graphenemex and Oxical announced that, they are gearing up to introduce an innovative and eco-friendly coating under the brand name "Graphenecal." This cutting-edge coating is crafted from top-tier, pure lime infused with Graphene nanoparticles, making it 100% natural and free from any toxic compounds (VOCs). Notably, the product boasts exceptional waterproofing, breathability, and remarkable antimicrobial properties.

• In February 2021, IPL Packaging developed Matter, a new antimicrobial coating designed to be 99.9% efficient against a variety of pack-associated bacteria

• In May 2020, AkzoNobel N.V. accelerated the addition of antimicrobial qualities to its Interpon D1000 & 2000 lines of architectural powder coatings in response to increased demand for products that can enhance hygiene.

• In 2018, Graphenemex introduced the antimicrobial Graphenergy line, which consisted of two specialised vinyl- as well as vinyl-acrylic coatings with graphene oxide as their base material. These coatings have 400 times greater antimicrobial potential than common products, which helps to keep surfaces free of bacteria and fungi for a long time.

Breathable Antimicrobial Coatings Market Report Scope

Global Breathable Antimicrobial Coatings Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global breathable antimicrobial coatings market on the basis of application, and region:

• Application Outlook (Volume in Tons ; Revenue in USD Million, 2018 - 2030)

  • Indoor Air Quality

  • Mold Remediation

  • Textiles

  • Medical & Pharmaceutical

  • Construction

  • Food

  • Others

• Regional Outlook (Volume in Tons ; Revenue in USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Central & South America

    • Argentina

    • Brazil

  • Middle East & Africa

    • South Africa

    • Saudi Arabia