Antiviral Coatings Market Size, Analysis By Growth Rate, Opportunities and Forecast Assessment, 2023-2031

Our comprehensive research on the Global Antiviral Coatings Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.

The global antiviral coatings market size was US$ 15.1 billion in 2021. The global antiviral coatings market is forecast to grow to US$ 39.27 billion by 2030 by growing at a compound annual growth rate (CAGR) of 12.9% during the forecast period from 2022 to 2030. 

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Factors Influencing the Market

Antiviral coating finds its wide applications in protective clothing, medical, air & water treatment, packaging, building & construction, and other segments. The growth of these industries will drive the growth of the global antiviral coatings market. 

The increasing number of construction activities and growing healthcare and pharmaceutical industry will drive the antiviral coating market forward. In addition, high demand from HVAC segments will propel the antiviral coating market forward. 

The decreased number of R&D activities may restrict the growth of the market. On the contrary, the growing prevalence of infectious diseases will escalate the growth of the market. 

The growing number of technological advancements will contribute to the growth of the antiviral coatings market. For instance, Welspun Flooring unveiled a new range of anti-viral floorings in November 2020. This new range includes silver and titanium oxide coatings, which can impede virus growth by 99.68%.

Regional Analysis

North America is forecast to emerge as the largest antiviral coatings market. It is due to the high healthcare expenditure and favorable policies by governments in the region. In addition, the COVID-19 outbreak shifted the focus of the population and governments towards health and hygiene. As a result, the antiviral coatings market will grow significantly in the coming years. 

Asia-Pacific is forecast to register a significant growth rate, owing to the surging cases of COVID-19. Moreover, technological advancements are likely to benefit the regional market during the study period. For instance, Nova Surface-Care Centre Pvt. Ltd, an India-based company, introduced NANOVA HYGIENE+TM in March 2020. It is an anti-microbial coating for fabrics, metals, concrete, and plastics, which aims to restrict the virus spread. 

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Competitors in the Market

  • Arkema SA
  • Dais Corporation
  • Hydromer
  • Kobe Steel, Ltd.
  • Nano Care Deutschland AG
  • Nippon Paints
  • EnvisionSQ
  • Bio-Fence
  • Bio-Gate AG
  • GrapheneCA
  • Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Antiviral Coatings industry experienced notable growth in its workforce. Starting in January, employment within the Antiviral Coatings sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Antiviral Coatings output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Antiviral Coatings output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Antiviral Coatings market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Antiviral Coatings market.

Market Segmentation

The global antiviral coatings market segmentation focuses on Type, Material, Application, Form, and Region. 

Based on Coating Type

  • High-Performance Coatings
  • Nano Coatings
  • Others

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Based on Material

  • Graphene
  • Silver
  • Silicon Dioxide
  • Copper
  • Others

Based on Application

  • Protective Clothing
  • Medical
  • Air & Water Treatment
  • Packaging
  • Building & Construction
  • Others

Based on Form

  • Spray
  • Powder
  • Liquid
  • Others

Based on Region

  • 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

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Table of Contents:

Chapter 1: Introduction to the Global Antiviral Coatings Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Antiviral Coatings Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Antiviral Coatings Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Antiviral Coatings Market Size (2023-2031)

Reasons to Acquire This Report

(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.

(B) The report delivers a comprehensive analysis of global, regional, and country-level Antiviral Coatings market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.

(C) Through meticulous segmentation of the Antiviral Coatings market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.

(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.

(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.

(F) The study facilitates the assessment of Antiviral Coatings business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.

Why is our study consequential?

Our study holds paramount importance for various reasons, a few of which include:

• Assisting businesses in gauging the viability of new or existing products or services.

• Facilitating business enterprises in the identification and cultivation of novel market segments.

• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.

• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.

• Analyzing market trends to aid businesses in devising adaptive strategies.

• Guiding businesses in the optimal placement of their products.

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