The global Advanced Bactericidal and Viricidal Coatings market worth USD 28.4 billion by 2030, growing at a CAGR of 13.8 %.
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The global advanced bactericidal and viricidal coatings market was valued at USD 2,882.5 million in 2019. Rise in prevalence of infectious diseases and increase in cases of COVID-19 across the globe, coupled with increase in application areas of antimicrobial coatings are major factors driving the global advanced bactericidal and viricidal coatings market.
Infectious disease outbreaks are becoming more common, there is a greater need for germ-resistant, long-lasting products, and medical equipment manufacturers are using it more. The emergence of the COVID-19 pandemic has increased the focus on development of antimicrobial coatings According to WHO, there were 137,866,311 cases of coronavirus across the globe including 2,965,707 deaths, as of April 2021.Currently, there is a lot of research going on in the industry. To aid in the battle against the pandemic, a group of researchers is working on developing viricidal coatings to prevent COVID-19 transmission. The combination of antibacterial and antiviral chemical entities may be a game-changing intervention in the fight against disease-causing agent. These factors are expected to drive the global advanced bactericidal and viricidal coatings market in the next few years.
Moreover, increasing awareness regarding safety, cleanliness and hygiene owing to spread of infectious diseases are expected to drive the demand for advanced bactericidal and viricidal coatings in the future. However, high cost of antimicrobial coatings along with toxic nature of nanomaterial is expected to hinder the growth of the market over the forecast period.
The global advanced bactericidal and viricidal coatings market is categorized based on type, application, end-users, and region. On the basis of type, silver segment held the largest share of the market in 2019 owing to increase in demand for silver-based antimicrobial coatings in industrial sector. Application-wise, medical segment dominated the advanced bactericidal and viricidal coatings market in 2019 and is anticipated to maintain its dominant position over the forecast period. Based on substrate, fabrics grabbed substantial share of the global advanced bactericidal and viricidal coatings market. Geographically, North America dominated the global advanced bactericidal and viricidal coatings market in 2019, however, Asia Pacific is expected to be the fastest growing region by 2028.
Key players operating in the global advanced bactericidal and viricidal coatings market include Akzonobel N.V., BASF SE, Royal DSM, Axalta Coating Systems Ltd., PPG Industries, Inc., du Pont de Nemours, The Sherwin-Williams Company, Lonza Group AG, and Allied Bioscience, Inc. among others.
Advanced Bactericidal and Viricidal Coatings Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 28.4 billion |
| Growth Rate | CAGR of 13.8% during 2020-2030 |
| Segment Covered | Product, application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | onza; Diamond Vogel; DuPont; Axalta Coating Systems; Nippon Paint Holdings Co., Ltd.; PPG Industries, Inc.; RPM International Inc.; Koninklijke DSM N.V.; Burke Industrial Coatings; The Sherwin-Williams Company; Troy Corporation. |
Key Segments of the Global Advanced Bactericidal and Viricidal Coatings Market
Type Overview (USD Billion)
- Silver
- Copper
- Titanium Oxide
- Others
Substrate Overview, (USD Billion)
- Fabric
- Metal
- Wood
- Concrete
- Plastics
Application Overview, (USD Billion)
- Textile
- Medical
- Packaging
- Food
- Interiors
- Filtration
- Others
Regional Overview, (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Reasons for the study
- Increase in incidence of infectious diseases across the globe
- Rapid advancements in advanced bactericidal and viricidal coatings industry
What does the report include?
- The study on the global advanced bactericidal and viricidal coatings market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s Five Forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of substrate, and application. Moreover, the study on advanced bactericidal and viricidal coatings market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global advanced bactericidal and viricidal coatings market is suitable for all the players across the value chain including raw material suppliers, hospitals, ambulatory surgical centers, medical device manufacturers, healthcare organizations, distributors, suppliers and technology geeks
- Venture capitalists and investors looking for more information on the future outlook of the global advanced bactericidal and viricidal coatings market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global advanced bactericidal and viricidal coatings market
Frequently Asked Questions (FAQ) :
The application of the advanced bactericidal and vricidal coatings market Medical, Textile, Food, Packaging, Interiors, Filtration, Others
The advanced bactericidal and vricidal coatings market is growing at a CAGR of 13.8% .over the forecast period.
The major contenders in the global market Key player in this Aonza; Diamond Vogel; DuPont; Axalta Coating Systems; Nippon Paint Holdings Co., Ltd.; PPG Industries, Inc.; RPM International Inc.; Koninklijke DSM N.V.; Burke Industrial Coatings; The Sherwin-Williams Company; Troy Corporation
Preventing infections and diseases is the main aim of healthcare professionals. This is particularly important in today's complex healthcare climate, where new pathogens and well-known microorganisms have developed resistance to treatment modalities, as well as created financial pressures to minimize healthcare-associated infections. Moreover, hospital acquired infections are major burden on the health system which will boost the demand for antibacterial and antiviral coatings over the coming years. Moreover, 3D printing technologies are gaining traction in the biomedical community. Thus, 3D printing technology is being adopted in designing mask, personal protective equipment, and gloves. Based on a bioinspired design, polymer-nanocomposites-based membranes can be printed as filter material to control the infusion of microbial burdens. All these factors will pave the way for advanced bactericidal and viricidal coatings market in the next few years.
The global advanced bactericidal and viricidal coatings market has been segmented based on type, substrate, application, and region. On the basis of type, the global advanced bactericidal and viricidal coatings market is categorized into silver, copper, titanium oxide and others. Silver based antimicrobial coatings segment dominated the market in 2019 owing to high efficacy rate compared to other coatings as well as rapid adoption in industrial applications.
Based on substrate, the global advanced bactericidal and viricidal coatings market is segmented into fabric, metal, plastics, wood, and concrete. Fabrics segment grabbed significant share of the global market in 2019. Cotton fabrics have been coated with various polymers or polymeric nanocomposites materials to obtain a lasting antimicrobial property while maintaining their physicochemical and mechanical properties.
Application-wise, the global advanced bactericidal and viricidal coatings market is segmented into medical, textile, packaging, food, interiors, filtration, and others. Medical segment dominated the global advanced bactericidal and viricidal coatings market in 2019 owing to emergence of COVID-19, and surge in hospital acquired infections across the globe. To ensure the ultimate protection of people, contact surfaces such as beds, medical equipment, instruments, handles, and protective equipment are coated with antimicrobial coatings as a preventive measure in the medical facilities. These factors help to minimize the risk of hospital acquired infections and anticipated to accelerate the growth of the segment in the coming years. Textile segment is expected to witness growth during the coming years owing to rapid adoption of antimicrobial coatings for protective clothing. Antibacterial fabrics have been shown to help prevent or kill the development of bacteria and microbes, thus more focus is given to improving antimicrobial fabrics, thus reducing the spread of infectious diseases in hospital-related settings.
The global advanced bactericidal and viricidal coatings market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global advanced bactericidal and viricidal coatings market in 2019, however Asia Pacific is expected to grow at a highest pace through 2028.
Increase in incidence of COVID-19 along with surging volume of hospital acquired infections in the U.S. are major factors expected to drive the advanced bactericidal and viricidal coatings market in the region. Presence of such large patient population will drive the demand for advanced bactericidal and viricidal coatings in the future. Furthermore, presence of well-established players in the global advanced bactericidal and viricidal coatings market is other major factor likely to boost the growth of the region in the coming years.
However, Asia Pacific is expected to grow at a rapid pace over the next few years. There is a strong growth potential in the emerging economies such as India, and China. The rapidly rising incidences of COVID-19 in countries such as India and China provide large market for advanced bactericidal and viricidal coatings market. For instance, there were 217,606 coronavirus cases in India, as of June 2020. Presence of large population, increase in number of awareness for safety and hygiene, along with growing number of hospitals in the developing countries will fuel the need for advanced bactericidal and viricidal coatings thereby accelerating the growth of the market over the coming years.