The “Antimicrobial Coatings Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Antimicrobial Coatings Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global antimicrobial coatings market size was US$ 3.6 billion in 2021. The global antimicrobial coatings market is forecast to grow to US$ 9.12 billion by 2030 by growing at a compound annual growth rate (CAGR) of 11.1% during the forecast period from 2022 to 2030.
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In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Antimicrobial Coatings market report 2022 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
Factors Influencing the Market
The surging demand for maintaining health and hygiene will drive the antimicrobial coatings market forward. In addition, initiatives and investments from government bodies to boost healthcare infrastructure is forecast to fuel the growth of the global antimicrobial coatings market.
Stringent regulations to implement antimicrobial coatings will contribute to the growth of the global antimicrobial coatings market. In addition, escalating concerns related to hospital-acquired infections (HAIs) will contribute to the growth of the market. HAIs are one of the major causes of mortality and morbidity. In addition, approximately 1.7 million patients suffer from HAIs every year, according to the Office of Disease Prevention and Health Promotion. Among these, around 100,000 patients die from infections. The cause of HAIs is somehow linked to medical devices. Thus, the demand for antimicrobial coatings is forecast to increase in the coming years.
The demand for personal hygiene and safety products is increasing. Thus, it has become essential for manufacturers to develop antimicrobial products. On the contrary, the high investment cost associated with antimicrobial coatings may limit the growth of the antimicrobial coatings market.
COVID-19 Impact Analysis
The global antimicrobial coatings have been witnessing significant growth due to the growing medical & healthcare sector. It is due to the rising awareness amongst the population. In addition, growing government initiatives to prevent the spread of HAIs benefit the market.
The demand for novel technology and drugs increased steeply during the pandemic. As a result, it influenced the demand for antimicrobial coatings. Governments also increased healthcare expenditure, which is contributing to the growth of the industry.
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Regional Analysis
North America is forecast to hold the largest share in the antimicrobial coatings market. The growth of the regional antimicrobial coatings market is attributed to the presence vast number of COVID-19 patients and rising investments in the healthcare sector. In addition, stringent regulations related to the manufacturing of novel drugs and equipment are forecast to benefit the market. The governments in the North American countries have also channelled significant initiatives to curb HAIs. In October 2016, the US Department of Health and Human Services (HHS) unveiled National Action Plan. The plan aims to curb healthcare-associated infections. Thus, the North America market for antimicrobial coatings will grow rapidly.
Competitors in the Market
AkzoNobel
The Sherwin-Williams Company
Axalta Coating Systems
PPG Industries
Nippon Paint Holdings
DuPont de Nemours
RPM International Inc.
Diamond Vogel Paint Company
BASF SE
Burke Industrial Coatings LLC
Other prominent Players
Market Segmentation
The global antimicrobial coatings market segmentation focuses on Type, Application, and Region.
Based on the type, the antimicrobial coatings market has been segmented into –
Silver
Copper
Titanium dioxide
Based on the application, the antimicrobial coatings market has been segmented into-
Medical & Healthcare
Foods & Beverages
Building & Construction
HVAC system
Protective Clothing
Transportation
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Based on the region, the antimicrobial coatings market has been segmented into-
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
?The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
?The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
?Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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