Pune, Maharashtra -- (SBWIRE) -- 10/12/2022 -- In the healthcare sector, antimicrobial coatings are playing a crucial role. Healthcare environments frequently experience infections. Healthcare facilities with antimicrobial coatings lessen the risk and spread of bacteria and germs that are typically present on high-touch surfaces like switches and doorknobs. To lower the risk of healthcare-associated infections, antimicrobial coating materials are applied to medical fabrics, gloves, surgical masks, bandages, and woven and non-woven hospital textiles. Thanks to technological improvements, antimicrobial coatings can now be applied to medical implants, which is driving up demand worldwide.
As per the most authenticated market research report by SNS Insider, the antimicrobial coatings market is anticipated to reach USD 8.28 billion by 2028, with a CAGR of 10.6% over the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges
The primary driver of the antimicrobial coatings market expansion is the expanding use of antimicrobial coatings on frequently handled surfaces to avoid microbiological contamination. Furthermore, because these coatings are secure, less poisonous, and biocompatible, rising hygiene concerns have boosted demand for them. Leading manufacturers in the consumer goods, textile, and electrical industries are also putting an emphasis on developing antimicrobial products to meet consumers' shifting preferences and expand the market. Nevertheless, the price of antimicrobial coating is higher than that of standard coating products because of the raw materials used in the antibacterial coating, which is anticipated to restrain the market's expansion.

Impact of the COVID-19 Pandemic
The need for antimicrobial coatings in the healthcare and medical industries has dramatically expanded as a result of the COVID-19 epidemic. Antimicrobial coatings were widely applied in numerous temporary and permanent healthcare institutions to halt the spread of HAIs during the COVID-19 epidemic. Touch surfaces such as beds, handles, medical equipment, instruments, and protective clothes have antimicrobial coatings to prevent infection. The healthcare and medical industries tended to select silver-based antibacterial coatings for the same reason.

Market Segmentation By Type
1.Silver
2.Copper
3.Titanium Dioxide
4.Others (QACs, Zinc-based, Polymer, Organic)

By Application
1.Medical & Healthcare
2.Food & Beverage
3.Building & Construction
4.HVAC System
5.Protective Clothing
6.Transportation
7.Others (Consumer Electronics, Appliances, and Packaging)

Silver is anticipated to dominate the antimicrobial coatings market throughout the forecast period in terms of material type. By preventing the growth of germs, bacteria, and viruses like COVID-19 on frequently touched surfaces, silver maintains the safety and sterility of the workplace. Additionally, silver's demand as an antibacterial agent is increased by its toughness, resilience, and safe and natural healing qualities.

The medical and healthcare segment is predicted to experience the largest CAGR growth over the course of the projection period on account of growing worried about healthcare-associated disorders brought on by contaminated devices. Due to the government's intensified efforts to safeguard doctors and other healthcare professionals from infection, the demand for antimicrobial coatings has surged in response to the rising occurrence of viral outbreaks like coronavirus.

Regional Analysis
North America is projected to continue to rule the global antimicrobial coatings market during the forecast period. Producers of antimicrobial coatings are expected to have a lot of opportunities as the healthcare industry expands. The market in North America is anticipated to be driven by technology improvements and increased product acceptability in a variety of industries, including consumer electronics, construction, food, mold remediation, health care, and packaging. The market for anti-microbial coatings is anticipated to rise at the highest CAGR in the Asia-Pacific region due to the rising construction and healthcare sectors. It is also projected that Latin America will moderate the need for anti-microbial coating due to the region's developing infrastructure.

Competitive Landscape Outlook
Some of the prominent players working in the antimicrobial coatings market are The Sherwin-Williams Company, BASF SE, Diamond Vogel, Nippon Paint Company Ltd, Sono Tek Corporation, RPM International Inc., The DOW Chemical Company, Troy Corporation, Axalta Coating Systems, and PPG Industries.

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Table Of Content
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
 
2. Research Methodology
 
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
 
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact Of Ukraine-Russia War
 
5. Value Chain Analysis
 
6. Porter's 5 Forces Model
 
7.  PEST Analysis
8. Antimicrobial Coatings Market  Segment, By Type
8.1 Silver
8.2 Copper
8.3 Titanium Dioxide
8.4 Others

9.Antimicrobial Coatings Market  Segment, By Application
9.1 Medical & Healthcare
9.2 Food & Beverage
9.3 Building & Construction
9.4 HVAC System
9.5 Protective Clothing
9.6 Transportation
9.7 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest Of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest Of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest Of Latin America

11. Company Profile
11.1 Nippon Paint Company Ltd
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS View
11.2 AK Coatings
11.3 Troy Corporation
11.4 Akzonobel N.V.
11.5 BASF SE
11.6 Arch Lonza
11.7 The DOW Chemical Company
11.8 Axalta Coating Systems
11.9 Diamond Vogel
11.10 Royal Dsm
11.11 Sono Tek Corporation
11.12 PPG Industrie
11.13 The Sherwin-Williams Company
11.14 RPM International Inc.
 
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
 
13. Conclusion