The report "Anti-Microbial Coatings Market by Type (Silver, Copper, Titanium Dioxide), End-user Industry (Medical & Healthcare, Building & Construction, Protective Clothing, HVAC System, Transportation), and Region - Global Forecast to 2027," states that the anti-microbial 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%.

Some of the prominent key players are:

  • 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)

The Market is Driven by the Escalating Demand for Anti-Microbial Coatings in the Healthcare and Medical Industries

The market in developed economies like the US, UK, and other areas is driven by the use of antimicrobial coatings in the medical and healthcare industry. Antimicrobial / Antibacterial coatings have gained popularity in the medical and healthcare sectors worldwide during the past few years. This can be due to rising hygienic consciousness and government efforts to stop the spread of hospital acquired illnesses (HAIs). Injections, catheters, and other medical devices that commonly penetrate the skin or implant into the body are linked, either directly or indirectly, to these HAIs. These coatings, which aid in halting microbial growth, are extensively employed in the medical and healthcare industries. The market for antibacterial coatings is projected to grow because of demand from this industry.

Silver Segment Accounted for the Highest CAGR During the Forecast Period

Silver-based antimicrobial coatings are estimated to be the fastest rising market during the forecast period. These coatings have high efficacy against several viruses, bacteria, and other microorganisms. On the application of silver-based antimicrobial coatings on substrate surfaces, it releases the silver ions in a controlled manner, which inhibits the growth of pathogens/microbes on the surface. Efforts and technology upgradation made by the manufacturers, to incorporate the silver-based antimicrobial coatings on medical devices such as surgical instruments and others, supports the growth of market.

North America is Projected to Account for the Highest CAGR in the Anti-Microbial Coating Market During the Forecast Period

North America is estimated to be the fastest growing market for antimicrobial coating during the forecast period. The antimicrobial Coating market is witnessing significant growth in several economies in the region such as the US, Canada, and Mexico owing to the rising awareness regarding hygiene and the increasing use of antibacterial coatings in several end-use industries such as the medical and healthcare sector, food & beverage, HVAC systems, building and construction, protective clothing, transportation, and others. Additionally, the growth of end-use industries major in the region will further boost the demand in the antimicrobial coatings market.

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