Global antiviral & antimicrobial coatings market is expected to foresee significant growth during the forecast period. North America to witness the highest growth

• Himanshu Patni
• December 3, 2021
• CHEMICAL, NEWS
• Antiviral & Antimicrobial Coatings Market, Antiviral & Antimicrobial Coatings Market growth, Antiviral & Antimicrobial Coatings Market share, Antiviral & Antimicrobial Coatings Market size
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Global Antiviral & Antimicrobial Coatings Market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 11% during the forecast period (2021-2027). Antiviral & antimicrobial coatings are applied to the various equipment and other appliances that restrict the growth of various viruses and other microorganisms. These coatings help in maintaining permanent hygiene by providing long-lasting protection against microorganisms.

The growth of the antiviral & antimicrobial coatings market across the world can be attributed to the growing awareness and investment by the major industry players for developing new measures to prevent the spread of various microbial and viral transmission. This market has also been rapidly grown due to the COVID-19 pandemic which has led to the increase in demand of these coatings in various sectors including healthcare, food & beverages and HVAC. Furthermore, the inclining shipments of air conditioners in the various countries is also expected to boost the antiviral & antimicrobial coatings market in the country. For instance, in 2020, around 5.91 million ACs were shipped in the United States, up from 5.36 million in 2019.  

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Furthermore, the rising awareness regarding the maintenance of hygiene in various medical and healthcare institutions owing to the rapidly increasing incidents of healthcare-associated infections (HAIs) is also adding to the pace of the antiviral & antimicrobial coatings market. For instance, nearly 1.7 million people get an infection during a hospital stay every year and almost 98,987 people in U.S. die annually from HAIs.

Based on material, the market is segmented into silver, organic material, copper, titanium oxide, and others. The silver segment grabbed an XX% share of the global antiviral & antimicrobial coatings market and will witness a considerable CAGR of XX% during the forecast period (2021-2027F). This is because it is one of the most common type of material which is preferred by various end-users. However, the copper segment is also expected to garner a significant market share as it has abundant natural occurrences.

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Based on the form, the global antiviral & antimicrobial coatings market is segmented into liquid, powder and aerosol. The liquid segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 owing to the high preference for liquid coating by the end-user indutries as this type of coating ensures better protection against corrosion and the provision of uniform finishing in comparison to the powder coatings.

Additionally, the report provides detailed report also provides insights into the global antiviral & antimicrobial coatings market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD xx billion in 2020 owing to the well-established market players and frequent product launches.

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Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., DuPont De Nemours, Inc., PPG Industries Inc, Lonza Group Ltd, NanoGraphene Inc, Sika AG, BASF SE, RPM International Inc., Sciessent LLC are some of the key players operating in the global antiviral & antimicrobial coatings market. Several M&As along with partnerships have been undertaken by these players to develop various types of antiviral & antimicrobial coatings products.

Global Antiviral & Antimicrobial Coatings Market Segmentation

Market Insight, by Material

• Silver
• Organic Material
• Copper
• Titanium Dioxide
• Others

Market Insight, by Form

• Liquid
• Powder
• Aerosol

Market Insight, by Application

• Healthcare
• Building & Construction
• Food & Beverage
• Packaging
• Automotive
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Akzo Nobel N.V.
• Nippon Paint Holdings Co., Ltd.
• DuPont De Nemours, Inc.
• PPG Industries Inc
• Lonza Group Ltd
• NanoGraphene Inc
• Sika AG
• BASF SE
• RPM International Inc.
• Sciessent LLC