Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Global Antimicrobial Coatings Market Size, Share & Trends Analysis Report by Product (Antimicrobial Powder Coatings, Surface Modifications & Coatings), Application (Construction, Medical Devices), Region, and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global antimicrobial coatings market size is anticipated to reach USD 28.40 billion by 2030 and it is projected to grow at a CAGR of 13.9% from 2024 to 2030.
Increasing concern among consumers and various manufacturers about cleaning and prevention against the growing bacteria, mold, and fungi is expected to drive the overall market expansion. The demand is expected to increase majorly in the medical devices and packaging application industry owing to the rise in demand to tackle the COVID-19 situation around the world. 
The continuously rising demand for the medical devices and packaging products used for COVID-19 will positively impact the market growth. North America is expected to dominate the global market, in terms of product demand as the region has major healthcare product manufacturers. Silver-based biocides are widely used in medical-grade applications owing to their excellent antimicrobial properties. Recently, a new U.S.-based, othiazolin-based biocide, n-butyl-1, 2-benzisothiazolin-3-one, is also used as an antimicrobial agent to prevent the spread of the germs. Moreover, the rising demand for implantable medical devices and the increasing burden of Cardiovascular Diseases (CVDs) is expected to aid the overall market demand during the next eight years.
There is a growing demand for coatings that offer lower volatile organic compound (VOC) emissions, reduced environmental impact, and improved sustainability profiles. Water-based and powder coatings are gaining popularity due to their eco-friendly nature, in line with the increasing consumer preferences for sustainable and environmentally conscious products.
Antimicrobial Coatings Market Report Highlights
- In terms of product, the antimicrobial powder coatings segment is expected to witness the fastest CAGR of 14.2% during the forecast period due to growing awareness of hygiene and infection control across various industries, especially in food processing, healthcare and public spaces
- Based on application, the mold remediation segment is expected to witness the fastest CAGR of 16.2% during the forecast period because these products help inhibit the growth of bacteria and mold on damp surfaces
- North America region is anticipated to witness the fastest CAGR of nearly 14.8% over the forecast period. The market is growing due to factors such as strong economic development coupled with population expansion in the region
- The cost involved in remediating a mold-infested building can be staggering, especially when the building has inferior coatings, which is anticipated to be a primary reason for the high growth rate
- Increasing applications of antimicrobial coatings in healthcare settings and indoor environments, and increasing consumption of the product in emerging economies are expected to act as opportunities for the growth of the market during the forecast period
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 97 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $11.39 Billion |
| Forecasted Market Value (USD) by 2030 | $28.4 Billion |
| Compound Annual Growth Rate | 13.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Antimicrobial Coatings: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Coatings Market Outlook
3.2 Industry Value Chain Analysis
3.3 Regulatory Framework
3.4 Market Dynamics
3.5 Industry Analysis - Porter's Analysis
3.6 Macroeconomic Analysis PESTLE
Chapter 4. Antimicrobial Coatings Market: Supplier Portfolio Analysis
4.1 Portfolio Analysis/Kraljic Matrix
4.2 Engagement Model
4.3 Negotiation Strategies
4.4 Best Sourcing Practices
4.5 Raw Material Trends
4.6 List of Key Raw Material Suppliers
Chapter 5. Antimicrobial Coatings Market: Product Estimates & Trend Analysis
5.1 Product Movement Analysis & Market Share, 2023 & 2030 (Kilotons) (USD Million)
5.1.1 Antimicrobial Powder Coatings
5.1.1.1 Antimicrobial Powder Coatings Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
5.1.2 Surface modifications and coatings
5.1.2.1 Surface modifications and coatings Market Estimates & Forecasts, 2018-2030 (Kilotons) (USD Million)
Chapter 6. Antimicrobial Coatings Market: Application Estimates & Trend Analysis
6.1 Application Movement Analysis & Market Share, 2023 & 2030 (Kilotons) (USD Million)
6.1.1 Sanitary facilities and kitchen
6.1.2 Air conditioning and ventilation systems
6.1.3 Food processing and packaging
6.1.4 Antimicrobial textile
6.1.5 Mold remediation
6.1.6 Construction
6.1.7 Medical devices
Chapter 7. Antimicrobial Coatings Market: Regional Estimates & Trend Analysis
Chapter 8. Antimicrobial Coatings Market - Competitive Analysis
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company Categorization
8.3 Company Market Share Analysis, 2023
8.4 Company Heat Map Analysis
8.5 Strategy Mapping
8.6 Company Listing
- AkzoNobel N.V.
- AK Steele Corporation (Cleveland-Cliffs Inc.)
- Diamond Vogel
- DuPont
- Axalta Coating Systems
- Nippon Paint Co., Ltd.
- PPG Industries, Inc.
- RPM International Inc.
- DSM
- The Sherwin-Williams Company
- Troy Corporation
For more information about this report visit https://www.researchandmarkets.com/r/7vm9oi
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