Dublin, May 09, 2024 (GLOBE NEWSWIRE) -- The "Antimicrobial Coatings - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Antimicrobial Coatings Market to Reach $14.4 Billion by 2030
The global market for Antimicrobial Coatings estimated at US$8.3 Billion in the year 2023, is projected to reach a revised size of US$14.4 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2023-2030.
Antimicrobial coatings serve as an additional layer of defense against bacterial growth and contamination, gaining preference over antibiotics. Recent market activity indicates a rising demand driven by environmentally aware consumers. Looking ahead, innovation remains key to market growth, with stringent regulations and healthcare economics shaping the landscape.
Silver-based Antimicrobial Coatings, one of the segments analyzed in the report, is expected to record a 8.9% CAGR and reach US$8.3 Billion by the end of the analysis period. Growth in the Copper-based Antimicrobial Coatings segment is estimated at 8% CAGR for the next 7-year period.
The choice of antimicrobial ingredients is critical, especially in applications like medical implants, where adoption is increasing due to factors like an aging population and the growing importance of sterile environments. Competition in the market is diverse, with key competitors vying for market share in 2024, each with varying degrees of competitive presence, ranging from strong to trivial.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 11.9% CAGR
The Antimicrobial Coatings market in the U.S. is estimated at US$2.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 284 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $8.3 Billion |
| Forecasted Market Value (USD) by 2030 | $14.4 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Antimicrobial Coatings - An Additional Line of Defense
- Recent Market Activity
- Environmentally Aware Consumers Add to the Demand
- Outlook
- Competition - An Overview
- Antimicrobial Coatings - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Antimicrobial Coatings Gain Preference Over Antibiotics
- Bacterial Growth & Contamination: An Ever Present Issue
- Innovation - Key to Market Growth
- The Criticality of Choice of Antimicrobial Ingredients
- Healthcare Economics and its Impact on Medical Device Spending
- Impact of Stringent Regulations
- Increasing Adoption of Medical Implants Fuels Demand
- Aging Population: An Indirect Growth Driver
- Growing Importance of Sterile Environment
- The New Era of Bioremedial Construction
- Mounting Concerns over Indoor Air Pollution up the Demand for Antimicrobial Coatings
- Coil Coating Process - A Better Way of Applying Antimicrobial Coatings
- Contributing Factors to Faster Uptake of AMC based HVAC Equipment
- Public Places - A Growing Venue for Antimicrobial Surface Coatings
- Manufacturers Innovate to Stay Ahead of Competition
- Nanotechnology Fortifies the Intrinsic Strength of AMC
- Antimicrobial Coatings Go Water-Based
- Tightening Regulations: A Mixed Bag of Opportunity & Challenges
- Role of Antimicrobial Coatings in Elevating Sick Building Syndrome
- Silver - An Important Antimicrobial Agent
- Mold Remediation Offers Significant Opportunities for Antimicrobial Coatings
- Antimicrobial Coatings Spiral in Popularity in the Medical Devices Industry
- Antimicrobial Surface Coatings Emerge as Powerful Solution for Biomedical Applications
- Growing Need to Curb HAIs Demand for Antimicrobial Coatings
- Faster Healing Times Promote Growth in Wound Care Market
- Antimicrobial Plastics for Medical Devices - Need of the Hour
- Contamination of Intravenous Equipment: A Weighty Issue
- Increased Usage of Silver-ion Based Antimicrobial Coated CVCs
- Nanocoatings Poised to Make Rapid Gains
- Antimicrobial Catheter Market - An Overview
- Rising Demand for Antimicrobial Coated Catheters
- Coated Urinary (Bladder) Catheters
- Coated Cardiovascular Catheters
- Coated Oxymetry and Thermodilution Catheters
- Advanced QA for Antimicrobial Devices - Need of the Hour
- Revival in Construction Activity Spurs Market Growth
- Improving Economy Buoys General Market Optimism
- Plastic Packaging for Food Products - A Potential End-Use Segment
- Hurdles to Overcome
- Slower Technological Adoption Hampers Growth
- Incidences of Product Failures & Lack of Standards: An Expensive Price to Pay
- Pricing Pressures Close in on the Market
- High Entry Barriers
- Reduced Bargaining Power to Settle Terms of Trade
- Threat of Substitutes
- Disinfectants Spiral in Popularity On Par With Antimicrobials
FOCUS ON SELECT PLAYERS(Total 63 Featured)
- AK Coatings, Inc. (USA)
- Akzo Nobel N.V. (The Netherlands)
- Alistagen Corporation (USA)
- BASF SE (Germany)
- BBJ Environmental Solutions (USA)
- Cupron, Inc. (USA)
- Dow Microbial Control (USA)
- E. I. du Pont De Nemours and Company (USA)
- FosterT Coating Products (USA)
- Fiberlock Technologies, Inc. (USA)
- Lonza Group Ltd. (Switzerland)
- Microban International, Ltd. (USA)
- PPG Industries, Inc. (USA)
- Royal DSM N.V. (The Netherlands)
- Sciessent LLC (USA)
- Sherwin-Williams Company (USA)
- Specialty Coating Systems, Inc. (USA)
- Sureshield Coatings Company (USA)
- Troy Corporation (USA)
For more information about this report visit https://www.researchandmarkets.com/r/5bxvi8
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