Antimicrobial coatings are specialized surface treatments that inhibit the growth of bacteria, fungi, and viruses, enhancing hygiene and durability. Widely used in healthcare, food processing, construction, and packaging, these coatings help prevent contamination and improve safety. Antimicrobial Coatings Market growth is driven by rising infection control measures, increasing demand for antimicrobial surfaces in hospitals, and advancements in nanotechnology and silver-based coatings. The North American and European markets lead adoption, with continued innovation fueling expansion. Antimicrobial coatings market size is projected to reach USD 7.0 billion by 2027 from USD 4.2 billion in 2022 growing at a CAGR of 10.8%.
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Silver to hold the largest market share in type segment during market forecast period.
Silver-based antimicrobial coatings are widely used in various applications because of there have high efficacy against viruses, bacteria, and other eukaryotic microorganisms. Silver-based antimicrobial coatings have proven strong inhibitory properties against bacteria and viruses, such as E.coli, H1N1 influenza, and Listeria. Once silver-based antimicrobial coatings are applied to the substrate, silver coatings release silver ions in a controlled manner continuously, which inhibits microbes or pathogens growth on the surface. These all factors drove the the demand for silver type of antimicrobial coatings.
Medical & Healthcare accounted for the largest share in 2021 in application segment
In the medical & healthcare sector, the growing concern about hospital-acquired infections (HAIs) and their related impact on human health is driving the adoption of antimicrobial coatings. Similarly to avoid the spread and growth of the COVID-19 virus and other bacteria on the surfaces, several temporary built and existing healthcare facilities are using antimicrobial coatings as a protective layer on various human contact surfaces such as door handles, trails, beds and healthcare instruments. Antimicrobial coatings have thus emerged as an effective solution in the medical & healthcare sector to fight COVID-19.
North America accounted for the largest share of Antimicrobial coatings Market in 2021
North America is also estimated to be the largest market for Antimicrobial coatings Market during the forecast period. The growth of the North American antimicrobial coatings market is driven by the rising demand for antimicrobial coatings from the medical & healthcare sector to inhibit the growth of bacteria and microbes causing HAIs and COVID19. Also, due to stringent rules and regulations regarding indoor air quality, HVAC system producers are using antimicrobial coatings on surfaces to maintain the required air quality by inhibiting the growth of mold and bacteria.
Antimicrobial Coatings Market Companies
Antimicrobial Coatings Market comprises major players such as AkzoNobel N.V.(Netherlands), Axalta Coating Systems Ltd. (US), The Sherwin-Williams Company (US), BASF (Germany), PPG Industries Inc. (US), Nippon Paint Holdings Co. Ltd. (Japan), RPM International Inc. (US), Koninklijke DSM N.V.(Netherlands), Sika AG (Switzerland), Lanxess AG (Germany). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Antimicrobial Coatings Market.
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The Sherwin-Williams Company (US) is involved in developing, producing, and selling of paints, coatings, and other related products to various consumers from several sectors such as industrial, commercial, residential, and retail. The company operates its business through three main divisions: Consumer Brands Group, The Americas Group, and Performance Coatings Group.
PPG Industries Inc.(US) manufactures, sells, and distributes a wide range of paints, coatings, and specialty materials. The company operates its business through two segments: Performance Coatings and Industrial Coatings. The Performance and Industrial Coatings business segments offer several types of coatings and specialty materials for various industries, including building & construction, industrial equipment and components, packaging, aircraft, automotive, and marine. The company has a foothold in the Asia Pacific, US and Canada, Latin America, Europe, and Middle East Africa.
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The automotive industry has shown a slight downfall, owing to slow growth in China and Europe and stringent emission regulations.
This has led to a reduction in amount of automobiles production globally, resulting in mediocre growth of the performance coatings market.
With regard to revenue, the global performance coatings market is projected to expand at a CAGR of ~5% during the forecast period.
This notable growth in the performance coatings market is mainly influenced by its extensive consumption in automobile & aerospace coatings.
Furthermore, key manufacturers are increasing their business footprint rapidly, which create profitable opportunities for the market.As per the Fact.MR study, manufacturers involved in the performance coatings market are rigorously investing in research & development activities to introduce innovative and cost-efficient solutions in the market.
Manufacturers are also expanding their business via organic growth strategy by collaborating with giant industry players and raw material suppliers.
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Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
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The Global Antimicrobial Coatings For Medical Devices Market Report, in its latest update, highlights the significant impacts and the recent strategically changes under the present socio-economic scenario.
The Antimicrobial Coatings For Medical Devices industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry.
The report starts with the executive summary, followed by a value chain and marketing channels study.
The report then estimates the CAGR and market revenue of the global and regional segments.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Antimicrobial Coatings For Medical Devices Market @ https://www.decisiondatabases.com/contact/download-sample-4887A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Antimicrobial Coatings For Medical Devices market.
The concept of service protection services entails crack sealing, sealcoating, pothole repair, striping, asphalt paving, concrete repair through construction.
In a published report by Research Report Insights, the global demand for surface protection service is likely to witness a steady growth throughout the forecast period, 2024.DynamicsVolatile organic compound (VOC), which is used in coating products, is limited by the government rules in European and North American countries.
Owing to this trend and governments regulations, multiple R undertakings have been initiated by the companies to manufacture products that are less-costly.
Besides, manufacturing of products that are eco-friendly will create many opportunities in the global market for surface protection services.Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124603/Surface-Protection-Service-MarketGlobal Surface Protection Services Market: SegmentationThe report is analysing and forecasting the rapid expansion of global surface protection services market on the basis of their product types, applications and regions.The different types of products of global surface protection services market includes corrosion protective coating systems, ceramic & brick lining, thermoplastic lining, corrosion protective rubber lining, acid proof lining and tile lining.
By the end of 2027, the sales rate in this segment is anticipated with a gain of 30 BPS and also expected to bring in more than US$ 6 billion revenue.Surface protection services are applied in various aspects, include pipelines, collection basins & tanks, process vessels, equipment & rigs and others, such as incinerators, water treatment, etc.
Among all the sub-segments based on applications of surface protection services, equipment & rigs and process vessels are the two most significant segments that shares approximately 45% of revenue in the global surface protection services market over the years to come.
