Total Revenue Forecast: Antimicrobial Coatings Market Analysis

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According to Research By Fortune Business Insights™, the global antimicrobial coatings market size is predicted to reach USD 8,650.7 Million by 2027, exhibiting a CAGR of 11.5% during the forecast period. The rising awareness regarding the advantages of active ingredients found in antimicrobial coatings to prevent microbial growth in the wall, door handles and other indoor objects will accelerate the antimicrobial coatings market growth, states Fortune Business Insights in a report, titled “Antimicrobial Coatings Market Size, Share & Industry Analysis and Regional Forecast, 2020-2027” the market size stood at USD 3,690.0 Million in 2019. The rising prevalence of diseases will spur significant demand for antimicrobial coatings in prevention and protection against mold, fungi, and bacteria during the forecast period.

Antimicrobial coatings are specialized surface treatments that inhibit the growth and spread of microorganisms such as bacteria, viruses, fungi, and algae. These coatings are applied to surfaces to create a hygienic environment, reduce the risk of infections, and maintain cleanliness in various settings. Here are some common uses and benefits of antimicrobial coatings:

  1. Healthcare Facilities: Antimicrobial coatings are widely used in hospitals, clinics, and other healthcare settings to prevent the spread of infectious diseases. They can be applied to surfaces such as walls, floors, door handles, and medical equipment to reduce the transmission of pathogens between patients and healthcare workers.
  2. Food Processing and Packaging: In the food industry, antimicrobial coatings are used to inhibit the growth of bacteria and other microorganisms on food contact surfaces, packaging materials, and food storage containers. This helps to prolong the shelf life of food products and maintain food safety standards.
  3. Public Spaces: Antimicrobial coatings are applied to surfaces in public spaces such as schools, offices, airports, and public transportation to reduce the risk of cross-contamination and minimize the spread of infections among individuals.
  4. Household Products: Antimicrobial coatings are incorporated into household products such as kitchen countertops, cutting boards, bathroom fixtures, and children’s toys to prevent the growth of harmful bacteria and maintain a clean and hygienic environment.
  5. Textiles and Clothing: Fabrics and textiles treated with antimicrobial coatings are used in clothing, bedding, towels, and upholstery to prevent the growth of odor-causing bacteria, mold, and mildew, thereby extending the lifespan of the products and improving hygiene.
  6. HVAC Systems: Antimicrobial coatings can be applied to heating, ventilation, and air conditioning (HVAC) systems to inhibit the growth of mold, bacteria, and fungi in ductwork and air filters, improving indoor air quality and reducing the risk of airborne infections.
  7. Medical Devices: Antimicrobial coatings are used on medical devices and implants to reduce the risk of device-related infections and complications in patients. These coatings can be applied to catheters, implants, surgical instruments, and prosthetics to prevent microbial colonization and biofilm formation.
  8. Water Treatment: Antimicrobial coatings are used in water filtration systems, pipes, and storage tanks to prevent the growth of bacteria and algae and maintain water quality and safety.

Benefits of antimicrobial coatings include:

  • Reduced Infections: By inhibiting the growth of microorganisms, antimicrobial coatings help reduce the risk of infections in healthcare facilities, food processing environments, and public spaces.
  • Improved Hygiene: Surfaces treated with antimicrobial coatings remain cleaner for longer periods, reducing the need for frequent cleaning and disinfection.
  • Extended Product Lifespan: Antimicrobial coatings can help prolong the lifespan of products such as textiles, medical devices, and HVAC systems by preventing degradation caused by microbial growth.
  • Enhanced Safety: Antimicrobial coatings contribute to creating safer environments by minimizing the spread of pathogens and reducing the risk of illness and contamination.
  • Protection Against Odors: By inhibiting the growth of odor-causing bacteria and fungi, antimicrobial coatings help maintain freshness and cleanliness in textiles, clothing, and other products.

Overall, antimicrobial coatings offer a valuable solution for maintaining hygiene, preventing infections, and promoting public health in various settings.

Market Driver:

Strong Utilization of Antimicrobial in Disease Prevention to Improve Business Prospects

The increasing application of the antimicrobial coating in healthcare facilities can be a vital factor in inflating the demand of the market. For instance, Healthcare-related infections (HCAI), also known as nosocomial infections lead to a high rate of morbidity and mortality in patients. As per the World Health Organization, Fact Sheet, Hundreds of millions of patients are affected by healthcare-associated infections worldwide each year, leading to significant mortality and financial losses for health systems. The rising cases of HCAI in developing nations will create opportunities for the market. The World Health Organization, states in high-income countries, approximately 30% of patients in intensive care units (ICU) are affected by at least one healthcare-associated infection. Likewise, the European Center for Disease Prevention and Control (ECDC) estimates that about 4.1 million acute care patients develop an HCAI annually, with 37,000 deaths directly attributed to HCAI. The increasing cognizance of HCAI and pandemics such as COVID-19 will lead to the improvement in the safety and hygiene of patients in hospitals, which, in turn, will aid the expansion of the market. Also, the rising concertation to prevent the growth of microbes, which can lead to infections or cause product degradation will foster healthy growth of the market.

Market Restraint:

Hazardous Effects of Antimicrobials on the Environment to Restrict Growth

The toxic agents found in antimicrobial coatings can lead to severe environmental damage, which can consequently dampen the growth of the market. Active ingredients released from the coatings end up in different locations, thus leading to microbiota exposure and potential adversities for the environment. The rising knowledge of antimicrobial coatings risk-factors is likely to dwindle the market revenue during the forecast period. The biocidal products are potentially lethal, i.e. they exhibit toxic properties to various types of cells or organisms due to inhibition of target organism proliferation such as pathogenic bacteria or microorganism biofilms.

Regional Analysis:

Favorable Laws and Policies will Strengthen the Market in North America

The antimicrobial coatings market size in North America stood at USD 1,383.5 million in 2019. North America and is likely to remain dominant during the forecast period. The antimicrobial coating market growth in the region is attributed to the rising demand for antimicrobial coatings in indoor air / HVAC and medical applications. Favorable Healthcare Policies and laws will further promote the market in North America. The rising demand from the food & beverages and apparel industry in the U.S. and Canada will support the growth in North America. The increasing living standards of people along with the rising healthcare spending in the U.S. will further aid the development of the market. The growing innovation in the healthcare industry and the growing production of processed foods will contribute positively to the antimicrobial coating market in North America.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/antimicrobial-coatings-market-102784

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