Global antimicrobial coatings market is expected to witness a solid growth between 2023 and 2032, primarily owing to increase in the demand for products that improve the indoor air quality. These coatings are used in buildings since they control indoor pollutants, thus reducing indoor environment-related health concerns.
In addition, the escalating application of coatings and additives in plastic packaging is also anticipated to drive the market growth. They are being increasingly used in packaging additives given their ability to inhibit microbial growth like mildew, bacteria, and bacteria.
On the basis of product, the antimicrobial market is likely to be characterized by listeria. This segment is expected to grow at 8.5% CAGR through the analysis timeframe. There is an increasing number of cases of listeria contamination and infection, especially in hospitals. Antimicrobial coatings are applied on medical laboratories applications such as refrigerators. This prevents cross contamination from blood, unsanitary pads, and fluid samples.
Based on application, the global antimicrobial coatings market is divided into indoor air quality, medical/healthcare, construction, others, food, antimicrobial textile, and mold remediation. Among these the construction segment would witness over 7.5% CAGR between 2023-2032. Antimicrobial coatings are increasingly used in construction application since they can prevent the growth of microbes in damp weather. Besides, the increasing demand for silver ion-based antimicrobial coating, which is used in paints, window grills, and doorknobs is also anticipated to fuel the market growth in the upcoming times.
Besides, the medical/healthcare-based antimicrobial coating market is anticipated to grow at over 9% CAGR through the stipulated timeframe. There is an increasing consumer awareness about the stringent state regulations on the sanitary conditions in the healthcare facilities, which would augment the market growth. These coatings are widely used in paints that are used in laboratories and wards to prevent contamination from infections and medical waste.
According to the regional landscape, the Latin America antimicrobial coatings market is slated to depict exponential growth during the forecast period. Antimicrobial coatings are being widely used in seats, food trays, and compartments. Besides, the regulations regarding sterilization in the aviation industry are becoming quite stringent, and the increasing awareness about bacterial contamination is expected to positively impact the market demand through the stipulated timeframe.
The key players in the microbial coatings market are Akzo Nobel N.V., Sherwin-Williams Company, Diamond Vogel Paints, Troy Corporation, BASF, DuPont, RPM International Inc, Koninklijke DSM N.V, Nippont Paint Co. Ltd , Sono-Tek Corporation, AK Steel, Lonza.