Antimicrobial Coatings Market Size By Product (Antimicrobial Powder Coatings [Silver, Copper], Surface Modifications and Coatings [E. Coli, Pseudomonas, Listeria), By Application (Indoor Air Quality, Antimicrobial Textiles, Mold Remediation, Construction, Food, Medical & Healthcare), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
Published Date: Aug 2019 | Report ID: GMI726 | Authors: Kunal Ahuja, Shreya Deb
Antimicrobial Coatings Market size valued at USD 2.85 billion in 2018 and expects consumption of over 890 kilo tons by 2025.
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Significant demand for heat & serves, readymade and take-home packaged food owing to population growth and increasing convenience of large-scale food production should drive packaging industry growth and boost antimicrobial coatings market demand. Global packaged food market size surpassed USD 2.5 billion in 2018 which indicates tremendous growth potential. These products kill pathogenic microbes which present the risk of foodborne illnesses, improve shelf life and food quality. Growing demand for high quality products pertaining to improving standards of living and rising consumer purchasing power should further boost market growth.
Growing requirement for housing in China, India, Indonesia, and Vietnam should boost construction market growth and fuel product demand. The global population is estimated to surpass 10 billion individuals by 2100 thereby creating a demand of about 2 billion homes which represents healthy growth opportunities. These products are ideal for use in door handles, floors & carpets, ceiling systems, worktops, radiators and wiring accessories pertaining to their ability to prevent material degradation and spread of illnesses. Significant economic growth, job creation, and declining interest rates should further stimulate the residential construction industry and drive antimicrobial coatings market growth.
Significant health & environmental impacts of silver nanoparticles used in antimicrobial coatings are likely to hinder market growth. Exposure to soluble silver compounds can result in toxic effects such as eye irritation, kidney & liver damage, and respiratory, intestinal and skin irritation in humans. These nanoparticles can disrupt soil ecology and have toxic effects on aquatic organisms such as gill inflammation. However, significant efforts by coatings manufacturers to develop biodegradable antimicrobial coatings with significantly less toxicity and high functionality which should trigger market growth.
|Base Year:||2018||Market Size in 2018:||2.85 Billion (USD)|
|Historical Data for:||2014 to 2018||Forecast Period:||2019 to 2025|
|Forecast Period 2019 to 2025 CAGR:||10.9%||2025 Value Projection:||5.5 Billion (USD)|
|Pages:||240||Tables, Charts & Figures:||316|
|Geographies covered (19):||U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Brazil, South Africa, Saudi Arabia, UAE|
|Segments covered:||Product and Region|
|Companies covered (12):||Akzo Nobel N.V., BASF, Diamond Vogel Paints, DuPont, Nippon Paint Co. Ltd., RPM International Inc., Koninklijke DSM N.V., Sherwin-Williams Company, Sono-Tek Corporation, Troy Corporation, AK Steel, Lonza|
|Pitfalls & Challenges:||
Copper antimicrobial powder coatings market should register over 10.5% gains by the end of the predicted timeframe pertaining to growing demand for nanoparticle antimicrobial strips from the food packaging industry to prevent cross contamination and predict bacterial growth. This product offers various benefits such as antibacterial properties, high renewable strength, low weight, high specific surface area, and biocompatibility. Growing demand from medical & healthcare, electronics and public transport sectors to prevent the transmission of infectious pathogens should accelerate market growth.
Antimicrobial surface modifications & coatings market size exceeded USD 1.5 billion in 2018 pertaining to rising demand for corrosion resistant coatings in architectural standings and changing consumer perceptions toward damage caused by environmental agents, such as acid rain and snow. These products strengthen and prolong the life of structures, and imparts aesthetic features, such as shine & minimalistic matte look on window grills & doorknobs. Increasing demand for eco-friendly chemicals and rising research & development activities in chemical industries should foster antimicrobial coatings market size.
Antimicrobial surface modification & coatings demand for controlling E coli should surpass USD 1.5 billion by 2025 pertaining to increasing food packaging regulations. These products prevent cross contamination from unsanitary hands and contamination of vegetarian products from non-vegetarian food which makes them ideal for food & beverage applications. Growing E. Coli contamination in medical institutions such as hospitals and clinics along with rising healthcare regulations should further drive industry growth.
Global antimicrobial textiles applications should witness gains at over 9.5% by the end of the foreseeable period owing to rising technological advancements, increasing geriatric population, and rising demand from the wound care market. These products reduce the transmission of infectious pathogens in medical & healthcare facilities, improve the lifespan & performance of consumer products and ensure safety on contact with the skin. Rising research trends in the production of high-quality textiles should further boost market growth.
Global construction applications market size was valued at about USD 165 million in 2018 and should rise significantly owing to increasing demand for silver based products in paints and manufacturing interiors, such as doorknobs & window grills. These products prevent the growth of mold, fungus, and algae in damp environments, do not cause discoloration and prevent leeching. Growing regulations and strict building codes to minimize infection risk in hospitals, schools, and institutional facilities in the U.S. and Europe are likely to accelerate antimicrobial coatings market revenue.
Global food applications demand should register over 9.5% gains by 2025 owing to Increasing demand for packaged food pertaining to the rise in working women population and the adoption of hectic lifestyles. These materials prevent the growth of various types of bacteria and odor-causing pathogens, thereby preventing respiratory diseases, food poisoning, and skin infections. Stringent regulations on food preparations and packaging are likely to trigger market growth.
North America antimicrobial coatings market size driven by the U.S., Canada and Mexico surpassed USD 1.15 billion in 2018 on account of rising consumer consciousness on sanitary conditions in hospitals and changing perceptions on effective sterilization procedures. These products bring about a reduction of microbial accumulation from medical samples and unsanitary hands on biomedical devices. Rising healthcare spending, stringent regulations on sanitation along with increasing focus on minimizing infections should stimulate regional industry growth.
Europe driven by France, UK, and Germany antimicrobial coatings size should exceed USD 1.45 billion by 2025 pertaining to rising consumer awareness on harmful effects of food contamination, such as food poisoning, cramps and skin infections along with changing outlook for ready-to-eat food. These materials are widely used in manufacturing tins and cans as they desist the accumulation of various types of food bacteria such as Salmonella, Listeria monocytogenes, Clostridium perfringens, Escherichia coli, Shigella, and Bacillus cereus. Rising demand for packaged food along with rising consumer inclination to try different cuisines should fuel product demand.
Asia Pacific antimicrobial coatings market, driven by India, Japan, and China exceeded USD 700 million in 2018 pertaining to rising construction & renovation trends owing to easy availability of housing loans and increasing inclination among people to own private property. They play a vital role in restraining mildew & fungal growth which corrodes wallpapers and paints, leaving brown or black spots on walls, and are available in various designs. Rising parental concerns on maintaining safe environments for their children and increasing toddler population should stimulate market growth.
Competitive Market Share
Global antimicrobial coatings industry share is highly consolidated and includes various manufacturers such as AkzoNobel, DuPont, BASF, AK Steel, Sherwin-Williams and Troy Corp. Various market participants are developing new products to expand their product portfolio, enhance product features and satisfy substantial demand from medical & healthcare industry.
These products are substances spread in a thin layer over flat surfaces to restrict the growth of pathogenic bacteria, fungi, viruses and mold. They minimise bad odors, material degradation and staining on surfaces. Increasing government focus on minimising the spread of hospital acquired infections along with growing consumption of packaged food are predicted to boost industry growth.
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