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Antimicrobial Coatings Market Segmentation, Application, Trends, Opportunity and Forecast 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Antimicrobial Coatings Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Antimicrobial Coatings Market products.

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According to the statistics by the Food and Agricultural Organization (FAO) of the United Nations, the total amount of pesticides used around the world grew from 3,089,827 tonnes in 2000 to 4,122,334 tonnes in 2018. Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Global Antimicrobial Coatings Market size is estimated to reach USD 7.5 Billion in 2026 says a new report by Polaris Market Research. Antimicrobial coatings (AMC) are the paint formulations with biocides to improve resistance towards bacteria, fungi, and other pathogens. These coatings are used on numerous substrates in different end-use applications such as textiles, medical, food processing & packaging, HVAC, automotive and other consumer durables. Several biocides used in the formulation include copper, organo-silane, nano-silver, and few other quaternary products.

AMC have shown great potential in the reduction of nosocomial infections and progress towards broader utilization in clinical settings. Thus, the growth of medical industry in tandem with the increase in number of hospitals is a key driver for the global antimicrobial coating industry. Therapeutic advances, changing pattern of care in clinics, and high-quality services have prompted more interventions for communicable diseases, which in turn has risen the healthcare expenditures.

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These coating have also witnessed rising growth in other end-uses such as HVAC, where these are applied on vents and other mechanical surfaces. AMC have numerous uses in food processing & packaging, where food industry manufacturers use these to increase the shelf life of the products. With the increase in disposable income, fast-paced lifestyle of consumers, and the risen demand for ready-to-consume food products, the food industry has found many applications for AMCs.

Antimicrobials coating market is also subjected to regulatory standards for the quality of the products. The manufacturers of antimicrobial coatings have to conduct full toxicity testing, including environmental as per the Central for Disease Control (CDC) guidelines. Moreover, these manufacturers have to collaborate to develop clinically significant testing methods and align marketing and sales claim with EPA (Environmental Protection Agency) FIFRA. .

Technological developments have also played a crucial role in the growth of these products. The industry has seen advancements in materials such as nano-silver. Active R&D studies are also contributing significantly towards the growth. Anti-Microbial Coatings Innovations (AMiCI) consortium is actively studying the regulation, development, and real life use of AMC coatings.

North America is the dominant regional market for the global AMC industry, followed by other popular markets such as Western Europe and Asia Pacific. The U.S. with its highest spending on health sectors is one of the most significant growth factors for its regional market. Growing aged population in nations such as Japan have led to increased spending in medical industry and are deriving the growth for the Asian region.

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The global industry constitutes of good number of multinationals and regional players. Some of the key market players include Akzo Nobel NV, BASF SE, Dow DuPont, AK Coatings, Inc., Biointeractions Ltd., PPG Industries Inc., Lonza Group Ltd., and Covalon Technologies Ltd.

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