The global antimicrobial coatings market size is projected to grow from USD 3.9 billion in 2021 to USD 6.4 billion by 2026, at a CAGR of 10.5% between 2021 and 2026.
Growing Adoption of Antimicrobial Coatings
The growth is attributed to the growing adoption of
antimicrobial coatings across several industrial applications to ensure the utmost safety from the bacteria, pathogens, and other microbes.
Silver Segment - Estimated to Lead the Market
By type, the silver-based segment accounted for the largest share in the overall antimicrobial coatings market. It is used widely due to its properties, such as high efficacy rate, long-lasting effect, durability, and strength, among others.
Also, the higher efficiency and low toxic nature compared to other types support the growth of the market. Also, increasing penetration in the medical & healthcare, protective clothing, food & beverage, and HVAC system applications.
Related Read: Biocide Selection: In-can Preservation, Dry Film Protection, Anti-fouling...
Medical & Healthcare Sector - Leading Consumer
The medical & healthcare segment led the overall antimicrobial coatings market in 2020, both in terms of value and volume. In the medical & healthcare industry, the growing concern about hospital-acquired infections (HAIs) and its related impact on humans are major driving factors for the antimicrobial coatings market.
There has been a significant increase in the patient pool across the globe due to the COVID-19 pandemic. For the treatment of these patients, temporary hospitals and facilities have been established in several countries, wherein the utmost care has been taken to avoid the spread and growth of the COVID-19 virus and other bacteria on the surfaces.
For the same, these temporary and existing healthcare facilities are applying antimicrobial coatings on the surfaces, such as door handles, trails, beds, healthcare instruments, and medical devices used for the treatment.
View All Biocide Grades for Coatings and Inks
Source: MarketsandMarkets™