February 2024
01 Apr 2024
The global antimicrobial coatings market size surpassed USD 11.78 billion in 2023 and is expected to rise around USD 34.83 billion by 2032, expanding at a CAGR of 12.80% during the forecast period from 2023 to 2032.
The antimicrobial coatings market deals with the innovation, production, and distribution of coating materials that protect things from various microorganisms such as bacteria, mildew, mold, and so on. The market is anticipated to grow during the forecast period due to the high demand for antibiotic coatings for cleanliness in several industries. Antimicrobial coatings are chemicals that are applied on the surface. This application is useful in avoiding the growth of several microorganisms that are harmful to the human body.
Antimicrobial coatings are used in food and beverages, construction, healthcare, automotive and textile industries. Most industries follow the regulatory standards established by the Environmental Protection Agency to produce new coatings with various formulations that have anti-odor and antibacterial properties. Increasing the requirement for such coatings due to the increase in the number of diseases will enhance the market's growth.
North America region dominated the antimicrobial coatings market in 2023. The existence of various producers of antimicrobial coatings is one of the reasons for the growth of the market in North America. In North America, the United States holds the biggest share of the antimicrobial coatings market, and it has the most expanding market. There is expected to be a high requirement for advanced healthcare services due to the availability of developed healthcare infrastructure and refund coverage in the country, which in turn is considered to increase demand for medical devices. This is expected to enhance the demand for antimicrobial coatings over the forecast period. Canada is also a significant player in the market and conducts a lot of research and development to provide better materials.
Antimicrobial Coatings Market Report Scope
| Report Coverage | Details |
| Market Revenue in 2023 | USD 11.78 Billion |
| Projected Forecast Revenue by 2032 | USD 34.83 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 12.80% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Drivers
Increasing medical coating demand
Increasing public awareness, the rising elderly population, and the high level of infections caused by insufficient healthcare all contribute to the growth of the antimicrobial coatings market. Many consumers are becoming more interested in antimicrobial and antibacterial wallpapers. The upsurge in medical-acquired diseases has put global health at risk. Medical implants, being the major source of development of medical implants with antimicrobial coatings, have attracted the attention of huge groups of researchers.
The use of medical appliances is on a consistent increase as they have become important elements of the advanced healthcare sector. Implanted medical devices are used worldwide to improve the quality of life for many patients. There are also non-implanted medical devices, such as contact lenses, orthopedic fixation screws, and catheters, which are added for the development of patient life quality. These factors may drive the growth of the antimicrobial coatings market.
Growing health concerns
The complication of Hospital Acquired Infections (HAIs) has been present for many years and remains a constant challenge for healthcare facilities all over the globe. HAIs are conditions for patients to receive healthcare benefits while receiving treatment. HAIs have become a common problem of hospitalization and pose a specific threat to high-risk groups, including patients undergoing surgery, HIV patients, children, and patients coming to hospitals with open wounds.
Antimicrobial materials aim to supply validated security over several microbial attacks by restraining the growth of undesirable microbes that can cause infections of the product. These microbial coatings can also supply protection against fungi, which is a major feature for distinct outdoor applications. Therefore, these antimicrobial coatings in the healthcare industry are driving demand in the antimicrobial coatings market.
Restraint
Emission of active ingredients
Despite all the beneficial impacts of antimicrobials, their establishment in the healthcare industry, along with several cleaning methods, can cause crucial changes in the harmful agent emissions into the environment, which may restrain the antimicrobial coatings market. Active ingredients released from the coatings are likely to reach the environment slowly, contributing to microbiota exposure in livestock and humans. The growing usage of antimicrobial coatings needs to be addressed to risk-benefit analysis. Biocidal products are needed to avoid increasing species toxic to animal and human health. The biocidal products are potentially harmful; that is, they show toxic effects on several types of cells due to the ban of target cells, such as pathogenic bacteria.
Opportunity
Development of new innovative antimicrobial coatings
There is increasing demand for antimicrobial coatings that are long-lasting, more effective, and safer than traditional products. In recent years, various businesses like ZAGG Inc., Droom, and many others have taken the initiative to add antimicrobial coatings to their products.
Segments Covered
By Product
By Application
By Material
By Resin Type
By Form
By End-Users
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