Antimicrobial Coatings Market Trends | Industry Analysis 2028

 

Antimicrobial Coating Market

The Antimicrobial coatings market size is projected to reach USD 7871 million in 2028, growing at a CAGR of 10.90% during the forecast period (2021-2028).

The factors driving the growth of Antimicrobial Coating Market includes rising application of Antimicrobial Coatings in healthcare, food and beverages and medical sector and increasing cases of Healthcare-Associated Infection (HCAI) around the world. As per the report published by the European Center for Disease Prevention and Control, over 4 million acquires Healthcare-Associated Infection (HCAI), resulting in more than 37,000 deaths every year, which will boost the demand for Antimicrobial Coating in the coming years. Moreover, the increasing production of Antimicrobial Coating by electronic and textile manufacturers and growing demand for Antimicrobial Coatings in Food Packaging sector along with rising technological innovations, are some of the factors augmenting the Antimicrobial Coating Market size across the globe. According to Bloomberg, the Fresh Food Packaging Market is expected to reach the valuation of $181.7 billion By 2028, growing at a CAGR of 5.0%, which will further, supplement the growth of Antimicrobial Market in the approaching years.

However, the growth of Antimicrobial Coating Market is hindered due to high raw materials cost and requirement of highly skilled labor.

The prominent players operating in market includes Dow, Nippon Paint Holding Co ltd, RPM International Inc, Sciessent LLC, Lonza Group ltd, PPG Industries, E.I. DU PONT DE NEMOURS, Axalta Coating Systems, Sherwin-Williams Company, and Akzo Nobel N.V. among others.

Material- Segment Analysis

Based on materials, the silver segment is anticipated to dominate the Antimicrobial Coating Market over the forecast period. The growing use of Silver, to prevent the growth of bacteria and microbes along with its increasing application as antimicrobial agent, are some of the factors accelerating the growth of the segment.

Application- Segment Analysis

Based on application, the healthcare segment is projected to capture the largest market share during the forecast period due to increasing cases of Healthcare-Associated Infection (HCAI) and rising government initiatives to protect healthcare workers from getting infection.

Regional – Segment Analysis:

Based on the region, the North American region is anticipated to grow at the fastest CAGR during the forecast period due to presence of key manufacturers, increasing Government expenditure on healthcare and rising cases of food infection in the region. As per Canadian Institute for Health Information, the Total health spending in Canada was projected to reach $308 billion in 2021, constituting 12.7% of Canada's GDP, which will propel the market growth in North American region in the coming few years.

 

Market Segmentation

Global Antimicrobial Coating Market by Material

  • Silver based
  • Copper based
  • Other metal based

Global Antimicrobial Coating Market by Application

  • Construction
  • Home appliance
  • Healthcare
  • Food packaging
  • Others

Global Antimicrobial Coating Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC

 

  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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