The global antimicrobial coatings market size was valued at USD 2,917.0 million in 2018 and is estimated to grow at CAGR of 12.4% from 2019 to 2026. The fundamental application of antimicrobial coatings is to prevent surfaces from being infected with germs and bacteria. These coatings have earned a prominent name for itself in a short time to become a billion-dollar industry currently.
Antimicrobial coated alloys with zinc oxide, copper, silver, titanium oxide and zinc omadine helps in preventing fungal and bacterial infection. This germ-killing technology is used spawning various industries such as medical, industrial, automotive and food processing. Antimicrobial coatings consist of a chemical compound that wholly restrict the growth of microorganisms on the applied surface. They are used in healthcare settings and industries where sanitization of the working premise is of considerable importance.
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Antimicrobial coatings are spawning huge growth owing to deep demand in medical industry. Myriad diseases have sprung up that have been major cause of mortality and morbidity across the globe and which have posed a challenge to the health centres’ and hospitals. The medical industry is witness to huge growth. AMC’s steps in as saviour against bacterial growth in this sector and have adopted many different technologies and chemical strategies.
The medical industry observes the coatings applied to surfaces of equipment, textile products in hospital rooms and other devices that need hygiene as mandatory in a clinical setting. As the hospitals and medical centres are growing phenomenally, the prospective growth for antimicrobial coatings is high. Furthermore, reactions to antimicrobial resistance has emerged and have become a global phenomenon making it difficult to treat infectious diseases. Hence in this setting, AMC that eliminates pathogen transfer, could vitally replace medical equipment and other products.
Global antimicrobial coatings have come to speed in the technological changes taking place leading to high growth. The developments include antimicrobial photocatalytic coatings, antimicrobial coated polymers, new generation antimicrobial coated ceramics and water treatment on coated reactors. Mindful of growth drivers for these AMC’s, there are certain restraints that could seriously hamper growth if not looked into cautiously. The application of these products with different methods o cleaning in healthcare premises may result in emission of toxic gases into the environment and have serious implications.
By Raw Material
By Product Type
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Antimicrobial coatings are used in many end-use segments globally such as medical, HVAC, food industry, mold remediation and others. Amongst these, medical is the most important application segment. The products are abundantly used in the food industry also for prevention from pathogens. This is observed because growing population with rapid scale of urbanization has led to convenience factor in production processes of food industry such as take home, heat and serve and readymade packaged food and beverages. High voltage Air Conditioners (HVAC) are using AMC too in mechanicals, vents and related surfaces.
On the basis of materials, the market is segmented into organic and inorganic raw materials. Silver is the leading product type in antimicrobial coatings market by material type. Among inorganic materials, silver is the most advanced and preferred material for the composition owing to its exceptional antimicrobial properties. Silver oxide is the most effective antimicrobial coated element used to fight bacterial remains known as escherichia coli. This bacterium is known to cause food poisoning, respiratory diseases and at times skin infections. These factors have helped market growth and will continue doing so in forecast period.
The demand for antimicrobial coatings is increasing due to rising importance given by the Government to antimicrobial costings in medical/healthcare settings. North America holds highest market share for the product and has a huge demand for the product. The United States spends the largest in healthcare relative to other nations and vouched for by the fact that U.S. has spent over USD 3 trillion annually in hospital care segment. Regulations by Government bodies and healthcare agencies is driving U.S. market more than anything else. Government is increasingly mindful of decreasing hospital acquired infections. The food and beverages and textile industry in the U.S. and Canada are also commanding market growth in antimicrobial coatings market.
Western Europe and Asia Pacific are significant regional markets after North America. The fast growth in HVAC Sector and food industry has significantly attributed to the demand of AMC products in Europe. Asia Pacific also remains a prime contender to market growth by holding a comprehensive market share owing to its large population and economic growth which is going strong for developing countries.
The global Antimicrobials market is largely competitive and is consolidated with few market players that are bound by current market size. The key players in the industry includes Akzo Nobel NV, BASF SE, Dow DuPont, AK Coatings, Inc., Biointeractions Ltd., PPG Industries Inc., Lonza Group Ltd. And Covalon Technologies Ltd.