Global Antimicrobial Coatings Market Expected to Grow

According to a research report published by Global Market Insights Inc., the global antimicrobial coatings market, valued at USD 3.2 billion in 2019, is expected to record a CAGR (Compound Annual Growth Rate) of up to 10.4% from 2020 to 2026 and surpass a value of over USD 6.3 billion by 2026. The general antimicrobial coatings market is rising rapidly worldwide thanks to changing preferences and increasing awareness among individuals regarding general welfare and the reduction of infections. Growing use in the healthcare industry, coupled with increased investment in mitigating global COVID-19 transmission, is further driving the adoption of antimicrobial coatings. Many industry players are actively sourcing locally sourced raw materials and conducting experiments with various iron-containing metals to further diversify their product portfolio and raise demand in the antimicrobial coatings industry. Significant investments in marketing and R&D to capitalize on the recently rising trends in the air purifier and air conditioning market are also likely to increase antimicrobial coatings market share.

The antimicrobial powder coatings segment, particularly the silver antimicrobial coatings segment, is expected to witness an impressive CAGR of more than 10% due to increased disposable income levels and improved living standards.

These antimicrobial coatings are widely used in hospitals to reduce the contamination risk of various pathogens. Additionally, the shift in consumer preferences toward the use of numerous high-quality products, coupled with increased investment to prevent rapid transmission of coronavirus, is expected to enhance the outlook of the global antimicrobial coatings market over the forecast period. Many manufacturers are actively involved in the development of innovative, targeted solutions in their efforts to gain brand awareness in the market and expand their consumer base. Growing R&D investments and marketing initiatives to drive business growth are expected to increase product demand among new generations. The main drivers of antimicrobial coatings market growth can be summarized as increasing global demand to prevent COVID-19 transmission and growing adoption of high-quality anti-microbial textiles. The Asia-Pacific antimicrobial coatings market is expected to exceed a value of USD 1.6 billion by 2026 due to rising pollution, widespread industrialization, and increased prevalence of respiratory tract diseases. Antimicrobial membranes enhance the performance, efficiency, and permeability of air filtration equipment while providing suitable comfort for indoor air quality.