The global antimicrobial coatings market was valued at USD 3.3 billion in 2017 and is estimated to grow at a CAGR of 9.4% from 2018 to 2026. These types of coatings (AMC) are applied on surfaces to prevent the growth of germs and bacteria. These coatings have gained worldwide prominence very rapidly and the market is a billion-dollar sector currently.
Antimicrobial coatings have witnessed global growth on account of intense demand in the medical sector. Healthcare-related infections have been major cause of mortality and morbidity in the current scenario and a daunting challenge for the health centers & hospitals. AMCs are the promising and potential weapon against the bacterial growth in this sector and have witnessed many different technologies and chemical strategies.
North America Antimicrobial Coatings Market Share by End-Use Type, 2017-2026 (%)
Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026
In the medical industry these coatings are applied to surfaces of equipment, textile products in hospital rooms, and other devices that prevents time of cleaning, maintenance cost, and also lowers the impact of cleaning in a medical setting. As the number of hospitals and health institutions are growing with the increasing population, the antimicrobial coatings witness high application growth prospects.
Moreover, antimicrobial resistance has become a global concern as stated by World Health Organization, where the new reaction mechanisms have emerged and spread globally. This phenomenon has threatened the organization’s ability to treat common infectious diseases. As AMCs eliminates the mode of transfer for pathogens, it can increasingly become a feasible alternative for medical equipment and other products.
North America Antimicrobial Coatings Market, By Product Type, 2017 - 2026
(Kilo Tons; USD Million)
Global antimicrobial coatings are also subjected to many technological advances that have led to their growth. Some of these developments include antimicrobial photocatalytic coatings, surface engineering for indoor environment of these coatings, antimicrobial coated polymers, new generation antimicrobial coated ceramics, and water treatment on coated reactors.
The industry is also inclusive of some constraints which might lead to growth hindrance, if not handled wisely. Besides all the beneficial effects of these products, their applications together with different methods of cleaning in healthcare settings, may result in significant changes in the emission of toxic agents into the surroundings. The active ingredients from the emissions are likely to enter the environment slowly and have adverse impact.
Antimicrobial coatings are used in many end-use segments globally such as medical, HVAC, food industry, mold remediation, and others. Medical is the most popular application segment for the market. These are also increasingly used in the food industry for prevention from pathogens. This is due to the growing population in tandem with the rapid rate of urbanization that has led to the convenience the production processes of food industry.
AMC has also become a popular coating solution in the HVAC segment. These are used in HVAC mechanicals, vents, and other related surfaces. On the basis of materials the market is segmented into organic and inorganic raw materials. Silver among the inorganic materials is the most advanced and preferred material for the formulation on account of its exceptional antimicrobial properties.
North America has witnessed the highest demand for these products and holds the largest regional market share. The United States continues to spend substantially more on healthcare relative to other nations in the region and world and is the reason for the region’s medical segment growth. This nation has exceeded its health spending over USD 3 trillion annually with hospital care as the largest spending category.
Western Europe and Asia Pacific are also significant regional markets after North America. The rapid growth in the HVAC sector and food industry has significantly contributed to the demand of these antimicrobial products in Europe. APAC also holds a substantial market share on account of its large population and economic growth of the developing countries.
The global antimicrobials coating market is highly competitive and consolidated with few players holding larger market size. Some of the major industry players for AMC include Akzo Nobel NV, BASF SE, Dow DuPont, AK Coatings, Inc., Biointeractions Ltd., PPG Industries Inc., Lonza Group Ltd., and Covalon Technologies Ltd.