Antimicrobial Coatings Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2023

The global market for antimicrobial coatings was valued at USD 9.02 billion in 2021 and is projected to experience a compound annual growth rate (CAGR) of 13.9% during the forecast period. The primary driver of revenue growth in the market is the increasing use of antimicrobial coatings in the medical industry. By applying antimicrobial coatings to surfaces in healthcare facilities, catering facilities, washrooms, and other locations, the presence of bacteria that cause odors and product degradation can be reduced.

These coatings are used to minimize the risk of infection during medical procedures involving catheters, surgical equipment, medical electronics, medical instruments, trays, and other items, which creates a demand for the product and contributes to market revenue growth. For example, research shows that catheter use leads to approximately 80,000 bloodstream infections in the United States each year, with 0.5% of pacemaker recipients experiencing a serious infection.

Furthermore, antimicrobial coatings are also employed in medical fabrics such as gloves, surgical masks, wound dressings, bandages, woven hospital textiles, non-woven hospital textiles, and medical implants. This application in turn drives revenue growth in the market. As an illustration, on December 4, 2020, Microban International, a leader in antimicrobial technology, and Manchester Mills, a prominent textile company, announced an exclusive agreement to provide antimicrobial-treated textiles to healthcare facilities. Manchester Mills and their distribution network sell these items directly and exclusively to the healthcare industry.

The increasing demand for antimicrobial coating additives, which offer protection against fungi, mold, and mildew, is another major factor driving revenue growth in the market. Antimicrobial plastic coatings are particularly valuable for outdoor applications as they extend the lifespan of plastic materials by reducing discoloration, loss of tensile strength, and breakage caused by fungal growth. The main advantage of adopting antimicrobial plastics is their enhanced safety and hygiene. The absence of mold and mites also improves local air quality. Antimicrobial polymers are predominantly used in healthcare to minimize the spread of microorganisms such as staph, strep, and MRSA. These additives are often utilized in the manufacturing of restroom surfaces, bed frames, counters, and other surfaces that require a high level of sanitation. All these factors contribute significantly to the growth of market revenue.

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Key participants include AkzoNobel N.V., BASF SE, Diamond Vogel, Axalta Coating Systems, Nippon Paint Company Ltd., PPG Industries Inc., Royal DSM, RPM International Inc., DuPont, and The Sherwin-Williams Company, among others.

Factors Driving the Antimicrobial Coatings Market

There are several key factors that are driving the growth of the antimicrobial coatings market. These factors include:

These driving factors, including the use of antimicrobial coatings in the medical industry, application in medical fabrics and implants, and the demand for antimicrobial coating additives, are propelling the growth of the antimicrobial coatings market.

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For the purpose of this report, Reports and Data have segmented the global Antimicrobial Coatings Market on the basis of type, application, distribution channel, and region:

By Type Outlook

By Application Outlook

By Product Outlook

Regional Outlook

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