Antimicrobial Coatings Market size is anticipated to reach over USD 9.5 billion by 2032, as per a recent research report announced by Global Market Insights Inc.
Increasing demand for antimicrobial agents in textile manufacturing will pave the way for industry landscape. Antibacterial and antimicrobial coatings help ensure the sterility of fabrics, fight contagious viruses and boost textile resistance to bacteria and mold formation. The ongoing expansion of the apparel sector indicates lucrative scope for antimicrobial textile production.
Growing health concerns associated with the use of certain compounds in antimicrobial coatings could restrain industry development. Silver antimicrobial coatings used in food containers and packaging poses a threat of excess accumulation in the human body. While the metal itself has low toxicity in humans, in case of continuous deposition, it can significantly degrade certain organs such as eyes and skin. However, antimicrobial benefits across wound care, reconstructive orthopedic surgery, water purification, bone prostheses, catheters, cardiac devices, and surgical appliances are allowing the use of silver ions in very small quantities with negligible impact on the human body.
Growing concerns with acid rains to augment surface modifications & coatings demand
Antimicrobial coatings market from surface modifications & coatings segment is projected to reach over USD 4.95 billion by 2032. Rise in architectural construction activities has fueled the demand for surface coatings. Architectural standings use corrosion-resistant paints and coatings to control the effects of environmental susceptibilities such as harsh weather conditions, snow, and acid rain. They are also used by the expanding construction sector to strengthen and increase the durability and life of structures.
Browse key industry insights spread across 251 pages with 287 market data tables & 18 figures & charts from the report, “Antimicrobial Coatings Market Size by Product (Antimicrobial Powder Coatings [Silver, Copper], Surface Modifications and Coatings [E. Coli, Listeria, Pseudomonas]) and Application (Indoor Air Quality, Mold Remediation, Medical/Healthcare, Antimicrobial Textile, Construction, Food industry), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Rise in cases of foodborne illnesses to drive R&D in antimicrobial food packaging
Antimicrobial coatings market share from the food application is anticipated to expand at over 7.5% CAGR from 2023-2032. Surging demand for packaged food driven by rapid urbanization, hectic lifestyles, and a growing number of the working population is expected to boost the adoption of antimicrobial coatings across F&B packaging companies. Antimicrobial coatings are extensively used in the manufacturing of packaging materials to extend product shelf life and prevent the growth of pathogens.
Inefficacy of packaging materials is a big concern for food brands as it increases the risk of food-associated diseases and infections, and ultimately hampers business performance. In June 2022, researchers from Harvard T.H. Chan School of Public Health and Harvard John A. Paulson School of Engineering & Applied Sciences (SEAS) developed a novel antimicrobial food wrap to reduce foodborne illnesses.
Strong healthcare spending to augment North America market trends
North America antimicrobial coatings market is expected to witness over 8.5% CAGR between 2023-2032. Substantial rise in healthcare spending, growing emphasis on curbing fast-spreading infections, and the presence of stringent sanitation regulations will fuel the demand for antimicrobial coatings in the region. New R&D activities focusing on the development of advanced antimicrobial coatings for industrial and healthcare applications will pave the way for market expansion.
Product innovation initiatives to boost antimicrobial coatings industry size
Sherwin-Williams Company, Akzo Nobel N.V., BASF, Diamond Vogel Paints, DuPont, Nippon Paint Co. Ltd, RPM International Inc, Koninklijke DSM N.V, Sono-Tek Corporation, Troy Corporation, AK Steel, Lonza are some of the leading companies in the global market. These participants are focusing on innovation and advancement of the product portfolio.