Overview and Scope
Antiviral and antimicrobial coatings refer to the materials that can be applied to surfaces to prevent the spread of viruses and bacteria. Antiviral coatings are specifically designed to inactivate viruses, while antimicrobial coatings can target a broader range of microorganisms, including bacteria and fungi.
Sizing and Forecast
The the antiviral & antimicrobial coatings market size has grown rapidly in recent years. It will grow from $4.47 billion in 2023 to $4.96 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to long-term durability, global pandemics, industry adoption, hospital-acquired infections (hais), consumer demand, increased hygiene awareness.
The the antiviral & antimicrobial coatings market size is expected to see rapid growth in the next few years. It will grow to $7.63 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to healthcare investments, pandemic preparedness, stringent hygiene standards, industry expansion, rise in infectious diseases. Major trends in the forecast period include increasing demand in healthcare, education and awareness campaigns, research and development focus, remote and touchless technology, sustainable coating solutions.
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Segmentation & Regional Insights
The the antiviral & antimicrobial coatings market covered in this report is segmented –
1) By Type: Antimicrobial Coatings, Antiviral Coatings
2) By Material: Silver, Organic Materials, Copper, Aluminum, Silicon Dioxide
3) By Form: Liquid, Powder, Aerosol
4) By Application: Healthcare, Building And Construction, Food And Beverage, Packaging, Automotive, Protective Clothing, Air And Water Treatment
North America was the largest region in the antiviral and antimicrobial coatings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global antiviral and antimicrobial coatings market report during the forecast period. The regions covered in the the antiviral & antimicrobial coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising prevalence of infectious diseases is expected to propel the growth of the antiviral and antimicrobial coatings market. Infectious diseases refer to illnesses caused by microorganisms or parasites that enter the body, multiply, and cause an infection. Some infectious diseases may be contagious or non-contagious. Antiviral and antimicrobial coatings have been developed to inhibit the spread of infectious diseases on contaminated surfaces. Peptides and nanomaterials have been used to create antimicrobial coatings with antiviral properties to curb infectious bacteria and viruses. For instance, in September 2022, according to Johns Hopkins University, a US-based private university, over 353,000 deaths linked to the coronavirus were reported in 2021, surpassing the 352,000 cases reported during pandemic. Therefore, the rising prevalence of infectious diseases is driving the growth of the antiviral and antimicrobial coatings market going forward.
Key Industry Players
Major companies operating in the antiviral & antimicrobial coatings market report are Akzo Nobel NV, Lonza Group AG, PPG Industries Inc., Axalta Coating Systems LLC, The Sherwin-Williams Company, Nippon Paint Holdings Co. Ltd., RPM International Inc., Sciessent LLC, Sika AG, BASF SE, Jotun AS, DuPont de Nemours Inc., NanoGraphene Inc., Koninklijke DSM NV, Microband International Ltd., Cupron Inc., Sherwin-Williams Company, Novapura AG, Dortrend International Ltd., Smart Separations Ltd., BioCote Limited, Graphene CA, Nano-Care Deutschland AG, Arkema SA, Antiviral Protection SL, TWI Technology Centre Ltd., IMBED BIOSCIENCES Inc., Nanocomposix Inc., Akita Innovations LLC, Allvivo Vascular Inc.
The the antiviral & antimicrobial coatings market report table of contents includes:
1. Executive Summary
2. The Antiviral & Antimicrobial Coatings Market Characteristics
3. The Antiviral & Antimicrobial Coatings Market Trends And Strategies
4. The Antiviral & Antimicrobial Coatings Market – Macro Economic Scenario
5. Global The Antiviral & Antimicrobial Coatings Market Size and Growth
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31. Global The Antiviral & Antimicrobial Coatings Market Competitive Benchmarking
32. Global The Antiviral & Antimicrobial Coatings Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Antiviral & Antimicrobial Coatings Market
34. The Antiviral & Antimicrobial Coatings Market Future Outlook and Potential Analysis
35. Appendix
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