What Has Driven the Growth of the The Antiviral & Antimicrobial Coatings Market in Recent Years?
The the antiviral & antimicrobial coatings market has seen considerable growth due to a variety of factors.
•In recent times, the antiviral & antimicrobial coatings market size has shown considerable expansion. The market is projected to rise from $4.93 billion in 2024 to $5.44 billion in 2025, registering a compound annual growth rate (CAGR) of 10.4%.
Factors contributing to the growth during the historic period include long-term durability, worldwide pandemics, adoption in industries, hospital-acquired infections (hais), consumer demand, and a rise in hygiene consciousness.
What is the Market Size Forecast for the The Antiviral & Antimicrobial Coatings Market?
The the antiviral & antimicrobial coatings market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for antiviral & antimicrobial coatings is predicted to exhibit swift expansion in the upcoming years, escalating to a value of "$8.73 billion by 2029, with a compound annual growth rate (CAGR) of 12.6%.
The growth during the forecast period can be credited to factors such as investments in healthcare, preparedness for pandemics, strict cleanliness standards, industry growth, and the rise of infectious diseases. Dominant trends anticipated during the forecast period encompass heightened demand in the healthcare sector, educational and awareness campaigns, emphasis on research and development activities, remote and touchless technologies, and eco-friendly coating solutions.
What Factors Are Driving Growth In The The Antiviral & Antimicrobial Coatings Market?
The escalating occurrence of infectious diseases is projected to drive the expansion of the antiviral and antimicrobial coatings market. Infectious diseases are illnesses triggered by parasites or microorganisms infiltrating the body, reproducing, and instigating an infection. These diseases may be either transmittable or non-transmittable. To restrain the propagation of infectious diseases on polluted surfaces, antiviral and antimicrobial coatings have been fabricated. Elements such as peptides and nanomaterials have been utilized to manufacture antimicrobial coatings with antiviral characteristics to suppress infectious bacteria and viruses. In June 2022, the National Center for Biotechnology Information, a government agency located in the US, reported that the occurrence of infectious diseases in outpatient care had almost tripled in the last two decades, from 8 to 26 per 1,000. Consequently, this surged occurrence of infectious diseases is stimulating the expansion of the antiviral and antimicrobial coatings market in the future.
What Are The Main Segments Of The Global The Antiviral & Antimicrobial Coatings Market?
The the antiviral & antimicrobial coatings market covered in this report is segmented –
1) By Type: Antimicrobial Coatings, Antiviral Coatings
2) By Material: Silver, Organic Materials, Copper, Aluminum, Silicon Dioxide
3) By Form: Liquid, Powder, Aerosol
4) By Application: Healthcare, Building And Construction, Food And Beverage, Packaging, Automotive, Protective Clothing, Air And Water Treatment
Subsegments:
1) By Antimicrobial Coatings: Silver-Based Coatings, Copper-Based Coatings, Zinc-based Coatings, Organic Coatings, Other Antimicrobial Coatings
2) By Antiviral Coatings: Coatings With Antiviral Agents, Coatings With Surfactants, Nanoparticle-Based Coatings, Other Antiviral Coatings
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What Emerging Trends Are Influencing The Growth Of The The Antiviral & Antimicrobial Coatings Market?
Product innovation is becoming an increasingly prevalent trend in the antiviral and antimicrobial coatings market. This has led to many leading firms operating in the field to focus on the invention of new products to fortify their market position and secure a competitive edge. For example, in February 2022, Nippon Paint Co., Ltd., a manufacturer originating from Japan, introduced their products; PROTECTON® Floor VK Clear, which is utilized for flooring, and PROTECTON Interior Wall VK Coat, which is an anti-viral and bacteria-resistant water-based paint used for wall interiors. The paints exhibit excellent durability and anti-viral, anti-bacterial properties owing to copper, decreasing the presence of viruses and bacteria on the coated surface by 99% or more, offering good durability. The unique trait of VK Clear is its versatility that allows application even on difficult surfaces like porcelain tiles. Furthermore, Wall VK Coat maintains its durability despite frequent cleaning with wipes.
Who Are the Key Players in the The Antiviral & Antimicrobial Coatings Market?
Major companies operating in the the antiviral & antimicrobial coatings market include:
• Akzo Nobel NV
• Lonza Group AG
• PPG Industries Inc.
• Axalta Coating Systems LLC
• The Sherwin-Williams Company
• Nippon Paint Holdings Co. Ltd.
• RPM International Inc.
• Sciessent LLC
• Sika AG
• BASF SE
• Jotun AS
• DuPont de Nemours Inc.
• NanoGraphene Inc.
• Koninklijke DSM NV
• Microband International Ltd.
• Cupron Inc.
• Novapura AG
• Dortrend International Ltd.
• BioCote Limited
• Graphene CA
• Nano-Care Deutschland AG
• Arkema SA
• Antiviral Protection SL
• TWI Technology Centre Ltd.
• IMBED BIOSCIENCES Inc.
• Nanocomposix Inc.
• Akita Innovations LLC
• Allvivo Vascular Inc.
What Is The Most Dominant Region In The The Antiviral & Antimicrobial Coatings Market?
North America was the largest region in the antiviral and antimicrobial coatings market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global antiviral and antimicrobial coatings market report during the forecast period. The regions covered in the antiviral & antimicrobial coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
