Antimicrobial Coatings Market Industry New Revenue Pockets

(EstateNewsWire.com, August 13, 2021 ) Antimicrobial coatings are used to prevent the spread of touch-transmitted pathogens through inhibiting its growth. Antimicrobial coatings are effective against a wide range of viruses and bacteria spreading chronic and acute diseases. Few viruses, such as Influenza H1N1, SARS, bird flu, common cold, and flu viruses are contagious, and these types of coatings are proven inhibitors of their infections.

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Antimicrobial coatings are being used over the past 30 years in numerous applications, such as hospitals, schools, and professional sports organizations.Due to the COVID-19 pandemic, the demand for antimicrobial coatings has been increasing drastically in the medical & healthcare industry. Antimicrobial coatings have gained significant attention and were applied in the several temporary and existing healthcare facilities during the COVID-19 pandemic to prevent the spread of HAIs.

MarketsandMarkets expects the global antimicrobial coatings market size to grow from USD 3.3billion in 2020 to USD 5.6billionby 2025, at a CAGR of 10.7% from 2020 to 2025.The market for antimicrobial coatingsis segmented based ontypeassilver, copper, titanium dioxide, and others. The silver-based segment is projected to be the fastest-growing in the overallantimicrobial coatings market during the forecast period. The growth of this segment is attributed to its properties,such ashigh efficacy rate, long-lasting effect, durability, and strength, among others.

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The antimicrobial coatingsmarket is classified,based onapplication asmedical & healthcare, food & beverage, building & construction, HVAC system, protective clothing, transportation, and others.The medical & healthcare segmentis projected to register the fastestgrowth in the overall antimicrobial coatings market during the forecast period in terms of value. The growth of the segment is attributed to the increasing demand forantimicrobial coating to prevent the spread and safeguard patients and hospital staff from hospital-acquired infections (HAIs).

The antimicrobial coatingsmarket is studied forfive regions, namely, North America, Asia Pacific, Europe, the Middle East &Africa, and South America. The North America region accounted forthe largest market share in 2019, in terms of both value and volume.

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