Wilmington, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Global Antimicrobial Coatings Market value is calculated US$ 3.9 billion in 2023 and is expected to grow at a significant CAGR of over 9.4% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
Hospital-Acquired Infections (HAIs) are infections that patients contract while in the hospital. They can be caused by a variety of bacteria, viruses, and fungi, and can be serious and even life-threatening. Antimicrobial coatings can help to reduce the risk of HAIs by killing or inhibiting the growth of microorganisms on surfaces. Moreover, food and beverage manufacturers are increasingly using antimicrobial coatings to protect their products from contamination. This is due to the growing awareness of the risks of foodborne illness, as well as the increasing demand for safe and high-quality food products.
Antimicrobial coatings are also being used in a variety of other industries, including consumer electronics, healthcare, and transportation. This is due to the increasing awareness of the importance of hygiene and the need to protect surfaces from contamination.
- According to a deep-dive market assessment by RationalStat, the global antimicrobial coatings market has been analyzed on the basis of market segments, including type, crop type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global antimicrobial coatings market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons/Liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global antimicrobial coatings market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Antimicrobial Coatings Market: Segmental and Market Share Analysis
- On the basis of type, the silver segment is dominating the global antimicrobial coatings market. Silver is effective against a wide range of bacteria, viruses, and fungi. This makes it a versatile antimicrobial coating that can be used in a variety of applications. Moreover, Silver coatings can remain effective for long periods of time, even after repeated exposure to microorganisms. This makes them an ideal choice for applications where durability is important.
- Based on application, the medical & healthcare segment is dominating the global antimicrobial coatings market. HAIs are infections that patients contract while in the hospital. They can be caused by a variety of bacteria, viruses, and fungi, and can be serious and even life-threatening. Antimicrobial coatings can help to reduce the risk of HAIs by killing or inhibiting the growth of microorganisms on surfaces.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 3.9 billion |
| Market Size Forecast | US$ 7.4 billion |
| Growth Rate | 9.4% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global antimicrobial coatings market include,
- In June 2023, Japanese company Shionogi announced the acquisition of the US biotech Qpex Biopharma for up to US$ 140 million in a bid to expand its pipeline of antimicrobial drugs and boots its R&D muscle in infectious disease.
- In May 2023, NLMK Group, a global steel company, launched a new premium product, rolled steel with antibacterial coating. First batches of the new product have been trialled successfully by NLMK partners: Grand Line and Albes Production Association.
Some of the prominent players and suppliers operating and contributing significantly to the global antimicrobial coatings market growth include AkzoNobel N.V., AK Steel Corp, Diamond Vogel, DuPont, Axalta Coating Systems, Nippon Paint Holdings Co., Ltd, PPG Industries, Inc, RPM International Inc, Koninklijke DSM N.V, Burke Industrial Coatings, The Sherwin-Williams Company, and Troy Corp, among others.
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RationalStat has segmented the global antimicrobial coatings market based on formulation breeding, and region.
- Global Antimicrobial Coatings Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Type
- Silver
- Copper
- Titanium Dioxide
- Global Antimicrobial Coatings Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Application
- Medical & Healthcare
- Building & Construction
- Protective Clothing
- HVAC System
- Transportation Automotive
- Others (Construction, etc.)
- Global Antimicrobial Coatings Market Value (US$ Million), Volume (Tons/Liters), and Market Share (2019-2030) Analysis by Region
- North America Antimicrobial Coatings Market
- US
- Canada
- Latin America Antimicrobial Coatings Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Antimicrobial Coatings Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Antimicrobial Coatings Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Antimicrobial Coatings Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Antimicrobial Coatings Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Antimicrobial Coatings Market
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Key Questions Answered in the Antimicrobial Coatings Report:
- What will be the market value of the global antimicrobial coatings market by 2030?
- What is the market size of the global antimicrobial coatings market?
- What are the market drivers of the global antimicrobial coatings market?
- What are the key trends in the global antimicrobial coatings market?
- Which is the leading region in the global antimicrobial coatings market?
- What are the major companies operating in the global antimicrobial coatings market?
- What are the market shares by key segments in the global antimicrobial coatings market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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