Antimicrobial Coatings Market Generated Around $3.6 Billion Revenue in 2020: P&S Intelligence
NEW YORK, Aug 2, 2021 /PRNewswire/ — According to the market research firm P&S Intelligence, market for antimicrobial coatings generated around $3.6 billion revenue in 2020 and is expected to show tremendous growth in 2030. The rapidly growing need for antimicrobial coatings in various industries, due to the growing public awareness of the importance of hygiene and safety, and the introduction of strict regulations regarding hygienic maintenance are the main factors fueling the demand for antimicrobial coatings.
With the outbreak of the COVID-19 pandemic, many healthcare facilities and hospitals began to focus heavily on preventing the spread of infection. This subsequently boosted the demand for antimicrobial coatings, as these coatings make the disinfection process easier and do not require harsh sterilization. In addition, the governments of many countries have launched plans to minimize the spread of healthcare-associated infections (HAIs), facilitating the growth of the antimicrobial coatings market.
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Depending on the product, the antimicrobial coatings market is divided into surface modifiers and powder. Among these, the powder category dominated the market in 2020. This was mainly due to the product’s ability to modify the surface chemistry of a material by introducing various chemical, biological and physical properties different from those in the surface. original.
Based on application, the antimicrobial coatings market is divided into food and beverage systems, heating, ventilation and air conditioning (HVAC), building and construction, protective clothing, medical and healthcare, and transportation. Of these, the medical and healthcare category dominated the market in 2020. This is attributed to growing concerns about healthcare associated infections and their impact on human well-being and health. As a result, many initiatives have been launched, such as the HAI Action Plan, to prevent the occurrence of HAIs in acute care settings.
Browse Detailed Report With COVID-19 Impact Analysis On Antimicrobial Coatings Market Research Report : By Product (Powder, Surface Modifiers), Application (Medical & Healthcare, Food & Beverage, Building & Construction, HVAC System, Protective Clothing, Transportation) – Global Industry Analysis and growth forecast up to 2030 @ https://www.psmarketresearch.com/market-analysis/antimicrobial-coatings-market
geographical, North America dominated the antimicrobial coatings market in 2020. This is mainly attributed to the enactment of the Affordable Healthcare Act, which promotes the development of medical centers in the US. In addition, HVAC companies in the region use antimicrobial coatings on the interior surfaces of their systems to prevent the growth of mold and bacteria.
The players operating in the antimicrobial coatings market are focusing on product launches to gain a competitive advantage. For example, Nano-Care AG has completed the acquisition of Liquid Guard, which produces an ultra-thin layer of antimicrobial coatings that prevent the growth of fungi and bacteria and control odors, in May 2019.
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Some of the major players in the global antimicrobial coatings market are Nippon Paint Co. Ltd., AkzoNobel NV, Burke Industrial Coatings LLC, PPG Industries Inc., The Sherwin-Williams Company, Trop Corporation, Diamond Vogel Paint Company and Sono-Tek Corporation.
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SOURCE P&S intelligence