COVID-19 acting as a boon to the global antiviral coating market
- Vikas Kumar
- April 11, 2022
- CHEMICAL, NEWS
- antiviral coating market Growth, antiviral coating market News, antiviral coating market Share, antiviral coating market Size, antiviral coating market Trend
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The global antiviral coating market is expected to surpass the market size of USD 1.3 billion by 2027. COVID-19 pandemic has made the antiviral coating a buzzword across the globe as these coatings can kill viruses including coronavirus, thereby creating demand for antiviral products across the industry. For instance, paints & coatings manufacturers are launching new products in the market which have antiviral functionality as well. In 2020, Kansai Nerolac Paints Ltd. has developed antiviral paint – Excel Virus Guard, an interior emulsion paint with active antiviral and antimicrobial properties that repel 99.9% of germs
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Consumers nowadays are looking for a product that does not retain the virus on the surface to stop the transmission. Owing to such factors, industries like consumer goods, construction, and textile are using antiviral coating in the products. Further, the pandemic has led to an increased emphasis on surface cleanliness and germ prevention among people, and this is expected to become a permanent part of the lifestyle. Therefore, it is expected that, with the growth of the end-use industry, the demand for antiviral coating would also grow. Industries like construction are showcasing robust growth in developing countries like India and China, owing to rapid urbanization. As a result, the demand for paints & coatings is likely to showcase a substantial growth, to which paints manufacturers are launching new products consisting of antiviral coating technology.
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Based on technology, the market is categorized into silver-ion, copper-ion, and others. Among these, silver-ion technology held a significant share in the market and is likely to showcase robust growth during the forecast period. Silver-ion has low toxicity and high efficiency & durability owing to which it is used in the coating industries for a long time. Further, both the Environmental Protection Agency and the World Health Organization regard silver as safe, as a result, companies are preferring silver-ion over others in the case of antiviral coatings as well. For instance, in 2021, AkzoNobel N.V. launched a new Dulux Wash & Wear Anti-Viral paint. The new range comes with the proprietary KidProof+ Technology and an added layer of antiviral protection from the Silver Ion Technology.
Based on end-user, the market is categorized into construction, consumer appliance, healthcare, textile, and others. Among these, construction industries held a significant share in the market. Large and growing construction activities coupled with the growing demand for antiviral paints among consumers as they have become more mindful of cleanliness and hygiene, especially so for parents with young children created the large market potential for antiviral coating in the construction industry. As a result, several paints & coatings manufacturers has launched products with antiviral characteristics. For instance, in 2021, PPG Industries Inc. launched Comex VINIMEX TOTAL Antiviral and Antibacterial paint. As per the company, the new product reduces up to 99.9% of bacteria and viruses responsible for the most common gastrointestinal and respiratory illnesses, including Influenza A H1N1 and the COVID-19 virus, SARS-CoV-2.
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For a better understanding of the market adoption of Waterborne Coatings, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to the large and growing base of the end-use industry due to improving consumer spending power, rapid urbanization, and growing demand for better quality products. Further, increasing strict environmental legislation is increasing the adoption of antiviral coating in the region.
Global Antiviral Coating Market Segmentation
Market Insight, by Technology
• Consumer Appliance
Market Insight, by End-User
• Consumer Appliance
Market Insight, by Region
- North America Antiviral Coating Market
- United States
- Rest of North America
- Europe Antiviral Coating Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Antiviral Coating Market
- Rest of Asia-Pacific
- Rest of World Antiviral Coating Market
Top Company Profiles
• PPG Industries Inc.
• Kansai Nerolac Paints Limited
• Nippon Paint Holdings Co. Ltd.
• Carpoly Chemical Group Co. Ltd.
• Alistagen Corporation
• AkzoNobel N.V.
• Kobe Steel Ltd.