Antimicrobial Coatings Market Estimated to Reach USD 11.38 billion by 2023

Antimicrobial Coatings Market


Market Overview:

The Global Antimicrobial Coatings Market is estimated to be valued at USD 11.38 billion in 2023 and is expected to exhibit a CAGR of 13.8% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Antimicrobial coatings are specifically designed to inhibit the growth of microorganisms on various surfaces. The increasing demand for antimicrobial coatings in the healthcare sector, as well as in food processing and packaging industries, is driving the market growth. These coatings provide numerous advantages such as prevention of bacterial infections, elimination of odor-causing bacteria, and improvement in the overall hygiene of the surfaces they are applied to.

Market Key Trends:
One key trend in the Antimicrobial Coatings Market is the growing adoption of antimicrobial coatings in the healthcare industry. With the increasing awareness about hospital-acquired infections and the need for maintaining a sterile environment, hospitals and healthcare facilities are increasingly opting for antimicrobial coatings. These coatings are applied on various healthcare surfaces such as walls, floors, medical equipment, and furniture, to prevent the growth of harmful bacteria, viruses, and fungi. This helps in reducing the transmission of infections and enhances patient safety. Additionally, antimicrobial coatings are also being used in medical devices and implants to prevent bacterial colonization and reduce the risk of post-surgical infections. The rising demand for healthcare services coupled with the need for infection control measures is expected to propel the adoption of antimicrobial coatings in the healthcare industry, thereby driving the market growth.

Segment Analysis:
The global antimicrobial coatings market can be segmented based on type, application, and end-use industry. By type, the market can be further divided into silver-based, copper-based, graphene, zinc oxide, and others. Among these segments, silver-based coatings dominate the market due to their excellent antimicrobial properties and wide range of applications. Silver-based coatings are extensively used in healthcare facilities, including hospitals, clinics, and laboratories, to prevent the growth of bacteria and viruses on surfaces. These coatings are also widely used in the food and beverage industry, where hygiene and safety are of utmost importance. Silver-based coatings have proven to be effective against a variety of bacteria, including E. coli, MRSA, and salmonella. The dominance of silver-based coatings can be attributed to their long history of use and proven effectiveness.

Key Takeaways:

The Global Antimicrobial Coatings Market Size is expected to witness high growth, exhibiting a CAGR of 13.8% over the forecast period from 2023 to 2030. The market is driven by the increasing awareness regarding the importance of maintaining hygiene and preventing the spread of infectious diseases. The COVID-19 pandemic has further accelerated the demand for antimicrobial coatings, as people have become more conscious about the cleanliness of their surroundings. Industries such as healthcare, food and beverage, and packaging are the major consumers of antimicrobial coatings.

In terms of regional analysis, North America is the fastest-growing and dominating region in the global antimicrobial coatings market. The region has a well-established healthcare sector and stringent regulations regarding hygiene and cleanliness, which drive the demand for antimicrobial coatings. The presence of major key players in the region also contributes to its dominance. Europe is another significant market for antimicrobial coatings, driven by the increasing focus on food safety and strict regulations for the packaging industry.

Key players operating in the antimicrobial coatings market include AkzoNobel Coatings Inc., BASF, RPM International, Dow Chemicals, PPG Industries, Diamond Vogel, RPM International Inc., PPG Industries Inc., Royal DSM, and Sherwin-Williams Company. These companies are focusing on research and development activities to introduce innovative products and expand their market presence. They are also adopting strategies such as mergers, acquisitions, and partnerships to strengthen their market position and cater to the growing demand for antimicrobial coatings.

Comments

Post a Comment

Popular posts from this blog

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi
Read more

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man
Read more