Antimicrobial Coatings: A Global Industry Perspective (2023-2029 Analysis and Forecast)

Antimicrobial Coatings Market Report Overview

In order to present a current picture of the market and help grasp its features in an optimal manner, Maximize Market Research does a thorough analysis of Antimicrobial Coatings. The market features of accumulation, segmentation, dominance, and combination traits are presented in the Antimicrobial Coatings Market study. The study gives a general overview of the artificial organ market by highlighting common themes with data that is tailored to the specific needs. Making judgments about how to approach the market and comprehend the Antimicrobial Coatings industry's backdrop is made easier with the help of this overview.

Antimicrobial Coatings Market size was valued at USD 3.33Bn. in 2022 and the total Antimicrobial Coatings revenue is expected to grow by 11 % from 2023 to 2029, reaching nearly USD 6.9 Bn.

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Antimicrobial Coatings Market Dynamics

Boosting the Electrical and Electronics Sector's Development

Chemical substances including silver, copper, quaternary ammonium salts, and others are used to make antimicrobial coatings. They are used as surface coatings in many different kinds of electrical equipment. The robust demand for consumer electronics, a burgeoning manufacturing base, and urbanization are all contributing to the electrical and electronics sector's rapid expansion.

By 2023, OBERLO predicts that the US consumer electronics market would generate 7.8% more revenue overall. The Japan Electronics and Information Technology Industries Association (JEITA) reports that the country's production of consumer electronics climbed from US$218 million in January 2022 to US$233 million in March 2022. Antimicrobial coatings' usefulness and uses in consumer electronics and other electrical equipment are growing as the breadth of growth and output of electronic devices rises. The global market for antimicrobial coatings is being driven by this.

The building and construction sector is expanding rapidly.

The architecture and construction sector is in high demand for antimicrobial coatings since they can be used to defend against microorganisms including bacteria, germs, and microbes indoors, on glass surfaces, and in other regions.

The government's increased investment in infrastructure and residential housing projects, along with the fast industrialization, are driving the construction industry's rapid growth. Oxford Economics estimates that the value of the world's construction production in 2020 was $10.8 trillion, and between 2020 and 2030, it is projected to increase by 42.3% to reach $15.5 trillion. In May 2021, seasonally adjusted yearly construction spending in the US was US$1.63 million. This amount rose to $1.78 million US in May 2022, as reported by the US Census Bureau. The need for antimicrobial coatings in building structures for surface modification and microbe prevention on the surface is rising due to the building and construction sector's rapid growth. The market for antimicrobial coatings is expanding as a result.

Antimicrobial Coatings Market Report Scope and Research Methodology

The Competitive landscape section illustrates the growth strategies embraced by suppliers in the Antimicrobial Coatings industry. The coverage in this segment offers valuable perspectives at various tiers, enabling stakeholders to stay current with industry trends and engage in the economic dynamics. Within the Antimicrobial Coatings market report's competitive scenario, companies' activities are categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, Product Launch & Enhancement, Investment & Funding, as well as Award, Recognition & Expansion.

The accumulated news within the Antimicrobial Coatings report equips suppliers with insights into market gaps and competitors' strengths and weaknesses, thereby offering valuable information to enhance products and services. It presents a clear picture of the supplier's revenue contribution to the overall Antimicrobial Coatings market relative to other players in the field. Furthermore, it sheds light on the performance of players concerning revenue generation and customer base in comparison to their counterparts.

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Antimicrobial Coatings Market Regional Insights

North America: U.S., Canada

Europe: U.K., Germany, Rest of Europe

Asia-Pacific: China, Japan, Rest of Asia Pacific

Latin America: Brazil, Mexico, Rest of Latin America

Middle East and Africa: GCC, Rest of MEA

Market size and forecast for these regional and country-level markets are presented in this Antimicrobial Coatings market report for the period 2020-2029.

Antimicrobial Coatings Market Segmentation:

by Product

1. Antimicrobial Powder Coatings
1.2Silver
1.2 Copper
2.3 Others
2 Surface Modifications & Coatings
2.1 E. Coli
2.2 Listeria
2.3 Pseudomonas
2.3 Others

by Application

1.Sanitary Facilities & Kitchen
2.Air Conditioning & Ventilation Systems
3.Food processing & packaging
4.Antimicrobial Textiles
5.Mold Remediation
6.Construction
7.Medical Devices
8.Others

by End-User Industry

1.Healthcare
2.Building and construction
3.Food service packaging
4.Aviation
5.Marine
6.Others

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Antimicrobial Coatings Market Key Players:

1. AK Steel Corporation (US)
2. Axalta Coating System (US)
3. DuPont (US)
4. Hydromer (US)
5. PPG Industries Inc. (US)
6. RPM International Inc. (US)
7. Sciessent LLC (US)
8. Sono-Tek Corporation (US)
9. Specialty Coating Systems Inc. (US)
10.The Sherwin-Williams Company (US)
11.Covalon Technologies Ltd (Canada)
12.Biointeractions Ltd (UK)
13.DSM (Netherlands)
14.Akzo Nobel NV (Netherlands)
15.AST Products Inc. (Massachusetts)
16.BASF SE (Germany)
17.Mankiewicz Gebr. & Co. (GmbH & Co. KG) (Germany)
18.Lonza (Switzerland)

Key Questions answered in the Antimicrobial Coatings Market Report are:

What is Antimicrobial Coatings?
What is the CAGR of the Antimicrobial Coatings market during the forecast period?
What is the expected Antimicrobial Coatings market size by 2030?
Which segment held the largest Antimicrobial Coatings market share in 2023?
What is the competitive scenario of the Antimicrobial Coatings market?
What are the main factors driving the growth of the Antimicrobial Coatings market?
Which region has the maximum Antimicrobial Coatings market share?
Who are the major players in the Antimicrobial Coatings market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region

PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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