The global advanced bactericidal and viricidal coatings market is projected to grow at a CAGR of 11.7%. Increasing incidence of COVID-19 across the globe, rise in incidences of hospital acquired infections are factors driving the advanced bactericidal and viricidal coatings market.
Adroit Market Research report on global contact lenses market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 and 2019, with the base year of estimation as 2019 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global contact lenses market have been studied in detail.
Hospital acquired infections (HAIs) pose a greater danger and risk to patients, and one way to mitigate this risk is to use antimicrobial coatings or sprays that can decontaminate surfaces infected with pathogens, mostly bacteria and viruses. Increase in prevalence of infectious diseases and the outbreak of COVID-19 is likely to fuel the demand for antibacterial and viricidal coatings in the coming few years. Increase in awareness about safety, and hygiene along with wide application areas of antimicrobial coatings is expected for robust market expansion in the next few years.
The global advanced bactericidal and viricidal coatings market has been segmented based on type, substrate, application, and region. Based on type, the global advanced bactericidal and viricidal coatings market is categorized into silver, copper, titanium oxide, and others. Silver based coatings segment held substantial share of the global market in 2019 owing to wide availability, as well as its strong, biocidal and anti-microbial properties which is effective against various microorganisms is attributable to its dominant share. On the basis of substrate, the global advanced bactericidal and viricidal coatings market is segmented into metal, wood, fabric, concrete and plastics.
Application-wise, the global advanced bactericidal and viricidal coatings market is segmented into medical, food, packaging, textile, filtration, and others. Medical segment dominated the global advanced bactericidal and viricidal coatings market in 2019 owing to rapid increase in incidence of infectious diseases along with the high adoption of these coatings in medical field to prevent hospital acquired infections.
North America dominated the global advanced bactericidal and viricidal coatings market in 2019. Increase in burden of hospital acquired infections along with high impact of COVID-19 in the U.S. and Canada are key factors likely to drive the growth of the market in the next few years. However, Asia Pacific advanced bactericidal and viricidal coatings market is anticipated to grow at a rapid pace over the forecast period owing to increase in incidence of infectious diseases, rapidly surging COVID-19 patient pool, improving healthcare infrastructure in the developing countries such as India and China.
Major 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.
Key Segments of the Global Advanced Bactericidal and Viricidal Coatings Market
Type Overview, 2018-2028 (USD Million)
- Titanium Oxide
Substrate Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa