The Antiviral and Antimicrobial Coatings Market
The The Antiviral & Antimicrobial Coatings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s the Antiviral & Antimicrobial Coatings Global Market Report 2024, 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.
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.
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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
Product innovation is a key trend gaining popularity in the antiviral and antimicrobial coatings market. Major companies operating in the antiviral and antimicrobial coatings market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in February 2022, Nippon Paint Co., Ltd., a Japan-based paint manufacturer, launched PROTECTON® Floor VK Clear, used for floors, and PROTECTON Interior Wall VK Coat two anti-viral and anti-bacterial water-based paint products, used for interior walls. These paints are very durable and have anti-viral and anti-bacterial effects from copper, thereby reducing viruses and bacteria on the coating surface by 99% or more and having good durability. VK Clear can also be used on porcelain tiles, whose adhesion is difficult to achieve in normal circumstances. Wall VK Coat has good durability, even after cleaning with other wipes.
The antiviral & antimicrobial coatings market report table of contents includes:
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