The Global antimicrobial coatings market size is expected to reach USD 7.48 billion by 2026, growing at a CAGR of 12.4% during the forecast periods according to a new study published by Polaris Market Research. The Report ‘Antimicrobial Coatings Market Size, Share, Trends & Industry Analysis Report By Raw Material (Inorganic, Organic, and Others); By Product Type (Escherichia Coli, Pseudomonas, Listeria, and Others), By End-use (HVAC, Food industry, Construction, Mold Remediation, Medical and Others), By Regions, Segments & Forecast, 2019 – 2026’ provides a thorough and detailed analysis with an overview of present trends and future insights.
Antimicrobial coatings are paint preparations mixed with a little quantity of biocides to improve resistance towards bacteria, fungi and other pathogens. The coatings are applied on numerous substrates in different end-use applications such as textiles, medical, food processing and packaging, HVAC, automotive and other consumer durables. Many number of biocides used in the formulation include copper, organo-silane, Nano sliver and few other quaternary products.
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AMC coatings greatly reduce incidence of nosocomial infections. Hence medical industry in company with number of hospitals mushrooming is a significant driver to growth of antimicrobial coating industry. Medical is the biggest end-use application of antimicrobial coatings. AMC‘s are used regularly in medical/healthcare settings for applications such as catheters, medical devices, medical electronics, trays and others. The demand for antimicrobial coatings is increasing because of healthy demand from North America and Europe where concerns regarding antimicrobial coatings in medical/healthcare industries are voiced strong.
AMC finds multiple uses in HVAC and food packaging and processing applications thus driving growth in AMC coatings. In HVAC, AMC coatings are rubbed onto vents and other mechanical surfaces. Food industry and applications use these AMC coatings to increase shelf life of products, equivalent to length of product life in stores. With rising demand for ready-to-eat food products, increasing disposable income and consumers living life in the fast lane, the market has found many takers for AMC’s.
Antimicrobials coating market is subject to rigorous quality checks including full testing for potential lethalness and harmful environmental effects as per Central for disease control (CDC) guidelines. Furthermore, the manufacturers of antimicrobial coatings have to develop a clinical standard for testing methods and be in line with sales pitch for Environmental Protection Agency (EPA) FIFRA.
Technology has also had a hand in vital growth of these products. Materials such as Nano- silver have witnessed serious progress and deep R&D activities are also fulfilling growth of Nano-silver. Anti-Microbial Coatings Innovations (AMiCI) consortium is studying the numerous real-life settings for use of AMC coatings with laws and development governing its use.
North America leads regional growth in Global AMC industry. Western Europe and Asia Pacific follow suit. US spending on health sector being quite high contribute to high growth factors for regional market. Japan has a rising geriatric population which leads to increased spending in medical industry thus contributing to high growth for Asia Pacific region.
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The global market constitutes a sizeable number of multinationals and regional players. The key market players include Akzo Novel NV, BASF SAE, Dow DuPont, AK Coatings, Inc., BioInteractions Ltd., PPG Industries Inc., Lonza Group Ltd., and Covalon Technologies Ltd.
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