Breathable antimicrobial coatings (BAC) market size is poised to witness significant consumption from 2022 to 2028 due to growing need for enhanced healthcare services and increasing population. The rising number of research activities and growing obligation for medical devices to counter infections and their related diseases has led to the higher influx of antimicrobial coatings and technologies.
The growing emphasis on prevention and health well-being worldwide can be accredited to the rise in number of diseases. Higher application scope in the pharmaceutical and healthcare industry will further impact the market progression.
The escalating medical device and pharmaceutical manufacturing, the surging preference for nanocomposite coatings, and the presence of supportive government regulations are other factors complimenting the product penetration.
With respect to type, the industry share of organic-based breathable antimicrobial coatings will expand with the soaring need for pathogen resistance products. These coatings have low or high molecular weight compounds which mainly comprise sulfur, nitrogen, and phosphorus.
Based on application, the Breathable antimicrobial coatings (BAC) market is segmented into medical devices, mold remediation, food, textiles, construction, and others. The mold remediation segment is set to record significant traction with the growing threat of indoor pollution and its related acute respiratory ailments. The prolonged exposure to molds makes way for adverse health effects, including itchy skin, a stuffy nose, red or itchy eyes, headaches, and other respiratory problems.
The presence of mold and dampness in homes has also increased the burden of asthma. Consequently, mold remediation is highly effective for preventing the production of molds and controlling the moisture content within buildings. Increasing application scope in damp locations of commercial and residential structures will favor the segment growth.
North America will record higher adoption of BAC between the period 2022 to 2028 owing to the robust presence of key distributors and product manufacturers in the region. The rising number of R&D activities initiated by the market players is also expected to drive the regional market space. The surging consumer awareness coupled with the increasing count of investments in the healthcare sector to produce new coatings will push the market expansion.
The market share in Asia Pacific will expand with thriving manufacturing capabilities to cater to the growing product consumption in the region. The rapidly changing economic conditions, notably in the developing countries have given rise to significant strides in the construction sector. The growing mask culture along with surging consumer healthcare awareness will also influence product penetration.
Some of the renowned manufacturers and suppliers of breathable antimicrobial coatings include H.B. Fuller Construction Inc., Fast Mold Removal, IAQM, LLC, and JFB Hart Coatings.
These firms are adopting targeted marketing strategies, comprising partnerships, acquisitions, and mergers to sustain the escalating market competition. To enhance their revenue sales and strengthen their geographical footprint, they are implementing new product launches and approvals. They are also focusing on direct online channels for supplying their products.
For instance, in April 2019, Covalon Technologies Ltd. announced that its MediClear™ PreOp was recognized across the medical device industry as well as by key clinicians as an important innovation to prevent surgical site infections.
The COVID-19 pandemic not only hampered the global economy but also crafted unprecedented challenges across the industrial business scape. However, it acted as a potential booster for the breathable antimicrobial coatings industry due to rising demand for masks and other preventative measures to meet the intensifying need to limit the spread of the infection.
The increasing number of research activities also led to increased market share. To cite an instance, IIT Guwahati developed a coating material for modifying cloth masks in order to provide better protection and breathability against the virus.