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Antimicrobial Coatings Market Competitive Insights 2022 – 2028 | Major Market Players Nippon Paint Company Ltd , AK Coatings, Troy Corporation, Akzonobel N.V., BASF SE, Arch Lonza

This press release was orginally distributed by SBWire

Pune, Maharashtra — (SBWIRE) — 07/19/2022 — 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

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