Antimicrobial Coatings Market was valued at US $ 3.69 billion in 2023 and is expected to reach US $ 8,650.7 million by 2032 growing at a CAGR of 11.5% during the forecast period 2024 – 2032.
An antimicrobial coating consisting of active agents helps to prevent the presence of microorganisms on the surfaces. Furthermore, they are also used on handle doors, walls, and counters, and even on high-touch items such as HVAC ducts and mechanical components. Moreover, it is spread over clothes, furniture, carpet and also shoes and car. The paint companies have come up with antimicrobial coatings for their paints and wall products against the growth of the bacteria. These coating contains additive that offer adequate and lasting resistance against Molds, fungus & bacteria. Antimicrobial coatings added to a surface have no traceable effect on its final look, leakage or staining.
The geriatric population is the largest market trend for the medical devices because of decreasing fertility and increasing lifespan. There is no doubt that medical devices are the back bone of any health care provision or a health care improvement. There are about a third of health demands, which are older. The UN estimates that geriatric population would grow from about 600 million (8.3 per cent of world’s population) today, to over 1 billion (18 per cent of world’s population) by year 2060. In fact, it is forecasted that by 2060 the old will account for at least 29% of the total European population. This expected growth in annual Medicare spending will likely significantly influence the rising trends in national health expenditure during the period of forecast. In contrast, the healthcare industry lacks large diversified entities and has many small companies that focus on technology research related to therapies.
The use of antimicrobial-treated medical instrument has increased in various healthcare sectors and its employment is now focused on providing specific infected control strategies. The use of coated medical devices resistant to bacteriophages is a major contributor in lowering infection rates. Many of the newly discovered virus, like COVID-19 virus is spread through a simple sneeze or touch on infected surfaces and cough. The healthcare sector has sped up the adoption of antibacterial sterilised instruments to safeguard both patients and workers. The most effective method of fighting against device-associated infections is medical device and biomaterial modification. Considering surfaces of implantable medical devices is regarded as one of important sites on which both biofilm formation, bacteria invasion and immune response actions take place. This region can also be modified for the use of such coating. VAP accounts for over ninety percent of the most common type of device infections which includes urinary catheter infection, endotracheal tubes, and blood stream infection. Because of this, most new antimicrobial procedures go through their final trials on vascular catheters, seeking both in vivo and clinical results.
The Antimicrobial Coatings Market Trend Analysis
Growing Awareness Regarding Healthcare-Related Infections (HCAI) is Driving Antimicrobial Coatings Market. Alternatively, HCAIs commonly known as nosocomial infections increase patient suffering such as higher incidences of morbidity and mortality. Consecutively HCAI leads to extended hospitalization and increased clinical care costs which accrue healthcare expenditures on patients, hospitals, and insurers. involve an extended stay in the hospital and increased expenditure in clinical care that is passed on to patients, hospitals, and insurance companies Every year, about two million people get infected by HCAl, out of whom around ninety thousand die. Also, according to their approximation, ECDC indicates approximately 37, 000 deaths attributed per year due to HCAIs and approximately 4.1 million acute care patients that get infected by one every year.
However, although gram positive Staphylococcus aureus associated outbreaks are better understood, gram negative species actually represent a greater danger. Nevertheless, the development of HCAIs is often viewed as a preventable phenomenon. Hand hygiene remains unanimously seen as one of the most important precautionary methods among healthcare personnel after correct decontamination. Further, some antimicrobial paints have active agents that kill off bacterium that touches these treated surfaces.
Antimicrobial materials are used mainly for verification purposes to stop growth of the different types of microbes which may cause product spoilage or infection. They also provide resistance in fungal attack and form one of the important characteristics required in many outdoor uses. As a result, the increased use of such coatings for the health care sector and boosting their demands in the market.
Segmentation Analysis of the Antimicrobial Coatings Market
By Type
The market is divided into two segments based on type: metallic and non-metallic. The non-metallic segment is further segregated into organic and polymeric components. Other metal segments are copper, silver among others. Silver dominated the largest share of the market segment. Silver antimicrobial coatings are widely applicable; they have low toxicity and possess durable antimicrobial activity of the agents, both with respect to Gram-positive and Gram-negative bacteria, fungi, protozoa, and some viruses. Researchers have paid a lot of interest in the compound, silver (Ag), due to its antibacterial characteristics. Its oxidized form, Ag+, possesses strong antimicrobial features and typically functions optimally at levels ranging between 10 nM and 10 μM.
Copper antimicrobial coatings are applied on surfaces creating a high localized concentration which kills the bacteria on contact minimizing chances for resistance build up.
By Application
The major markets consist of, but not limited to, medical & healthcare, indoor air & HVAC, mold remediation, building & construction, food & beverage, textile, among others. The bulk of the market was taken by the medical and health care sector. Medical device coatings designed to prevent transmission of infectious agents within healthcare settings. It is expected that rising awareness about the COVID-19 outbreak will drive market requirements for the healthcare industry. Scientists of IIT Guwahati have recently made a cost-effective antimicrobial spray-based coat for PPE kit. The action of this coating is that it stops and kills microorganisms landing on a PPE coated area. Additionally, there would be a considerable boom in indoor air and HVAC systems over the forecast period. The US EPA has authorized the use of antimicrobial paint for HVACs, hospitals, water filters, medical equipment’s, consumable products, and food processing factories, which are proved to be efficient and safe against the smell producing bacteria. The United States Environmental Protection Agency has been working in partnership with CEFPI and several other organizations to help schools understand the problem of air quality. The EPA has carried out extensive studies and actions with CEFPI aimed at enlightening schools about air quality. Humidity, temperature, and nutrition control may curb the propagation of microbes.
Regional Analysis of the Antimicrobial Coatings Market
The market North America was worth at approximately US$1,433.5 million in 2017. North America had the largest share in this market and is expected to be on top during the forecast period. Regional growth is driven by intensified demand in North America for indoor air/HVAC and medical applications. Healthcare sector as well as policy legislation is anticipated to trigger this market in this region. Regional demand will also be driven by the growth of the food & beverage and apparel markets in the United States and Canada. Increased government health budgets and a relatively high standard of living in the US are expected to drive demands for the market. Innovation in healthcare and processed food manufacturing leads to the development of the market. The US is one of the major international markets of medical devices while significant share of U.S. investments to R&D facilities stimulates the growth of this industry. The increasing number of government policies and practices adopted by hospitals towards curbing nosocomial infections leads to greater use of antimicrobial-coated medical tools in the U.S.
Specifically, antimicrobial coatings had a higher market share in the Asia Pacific area than any other region on earth. The Asia-Pacific area will probably have investment opportunities for sectors such as construction, pharmaceuticals, and food & beverage industries expanding. The rising figure of patients having chronic illnesses like cardiovascular and diabetes coupled with aging members of the population has consequently led to an increase in global demand for medical products and drugs. Consequently, hospitals will find themselves taking needless steps concerning their infection protection and sanitation that will in turn give way to health care markets growth.
Top Key Players
Key Industry Developments in the Antimicrobial Coatings Market
| Report Components | Details |
|---|---|
| Base Year | 2022 |
| Forecast Period | 2021-2029 |
| Quantitative Units | Revenue in US $ |
| Segments Covered | By Type: Metallic, Silver, Copper, Others, Non-metallic, Polymeric, Organic; By Application: Medical & Healthcare, Indoor Air / HVAC, Mold Remediation, Building & Construction, Food & Beverage, Textile, Others |
| Countries Covered | U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the APAC, Others include Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina, Mexico, and Rest of South America as part of South America |
| Market Players Covered | Akzo Nobel N.V., Axalta Coating Systems, PPG Industrial Coatings, John Desmond Limited, BASF SE, Nippon Paint (India) Company Limited, The Sherwin-Williams Company, DuPont, Diamond Vogel, DSM, Other Key Players |
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