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SAN FRANCISCO , May 17, 2022 /PRNewswire/ -- The global antimicrobial coatings market size is anticipated to reach USD 28.4 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 13.8%, over the forecast period. Increasing concern among consumers and various manufacturers about cleaning and prevention against the growth of bacteria, mold, and fungi is expected to drive the overall market growth. The demand for antimicrobial coatings is expected to increase majorly in the medical devices and packaging application industry owing to arise in demand to tackle the COVID-19 pandemic situation around the world.
Key Insights & Findings from the report:
Request a free sample copy or view report summary, "Antimicrobial Coatings Market Size, Share & Trends Analysis Report By Application (Construction, Medical Devices), By Product (Antimicrobial Powder Coatings, Surface Modifications & Coatings), And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Antimicrobial Coatings Market Growth & Trends
The continuously rising demand for medical devices and packaging products for COVID-19 will positively impact the market growth. North America is expected to dominate the global market, in terms of product demand as the region has major healthcare product manufacturers. Silver-based biocides are widely used in medical-grade applications owing to their excellent antimicrobial properties. Recently, a new U.S.-based othiazolin-based biocide, n-butyl-1,2-benzisothiazolin-3-one, is also used as an antimicrobial agent to prevent the spread of germs. Moreover, the rising demand for implantable medical devices and the increasing burden of Cardiovascular Diseases (CVDs) is expected to aid the overall market demand over the next eight years.
Based on products, the global market is segmented into antimicrobial powder coatings and surface modification & coatings. Surface modification and coatings was the prominent product segment and accounted for the largest revenue in 2021. The antimicrobial powder coatings product segment is expected to witness significant growth due to the high demand for silver-based, copper-based, and other coatings. Silver-based coatings are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, high thermal stability, and protection against microbial growth.
Grand View Research has segmented the global antimicrobial coatings market on the basis of product, application, and region:
Antimicrobial Coatings Market - Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
Antimicrobial Coatings Market - Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
Antimicrobial Coatings Market - Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
List of Key Players of Antimicrobial Coatings Market
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Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
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