Top Facts You Didn’t Know About Antimicrobial Coatings market & Impact of COVID-19Posted by Mrudula Anil Karmarkar on September 27th, 2022 The global antimicrobial coatings market size is anticipated to reach USD 28.4 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 13.8%, over the forecast period. Increasing concern among consumers and various manufacturers about cleaning and prevention against the growth of bacteria, mold, and fungi is expected to drive the overall market growth. The demand for antimicrobial coatings is expected to increase majorly in the medical devices and packaging application industry owing to arise in demand to tackle the COVID-19 pandemic situation around the world. The continuously rising demand for medical devices and packaging products for COVID-19 will positively impact the market growth. North America is expected to dominate the global market, in terms of product demand as the region has major healthcare product manufacturers. Silver-based biocides are widely used in medical-grade applications owing to their excellent antimicrobial properties. Recently, a new U.S.-based othiazolin-based biocide, n-butyl-1,2-benzisothiazolin-3-one, is also used as an antimicrobial agent to prevent the spread of germs. Moreover, the rising demand for implantable medical devices and the increasing burden of Cardiovascular Diseases (CVDs) is expected to aid the overall market demand over the next eight years. Based on products, the global market is segmented into antimicrobial powder coatings and surface modification & coatings. Surface modification and coatings was the prominent product segment and accounted for the largest revenue in 2021. The antimicrobial powder coatings product segment is expected to witness significant growth due to the high demand for silver-based, copper-based, and other coatings. Silver-based coatings are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, high thermal stability, and protection against microbial growth. Growing concern regarding cleanliness in various professional industries has led to the rapid development of this industry. These are used to protect surfaces against micro-organisms, which primarily include parasites, germs, bacteria, and unwanted micro-organisms. Amid the global COVID-19 pandemic, the demand for various pharmaceutical products, disinfectants, and sanitizers has increased. This, in turn, is driving the demand for antimicrobial coatings in medical devices application. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/antimicrobial-coatings-market/request/rs1 However, the segment is expected to grow at a higher rate than the sanitary facilities and kitchen and air conditioning and ventilation systems application segment. Rising concerns regarding Hospital-acquired Infections(HAIs) are also boosting the overall industry growth. Doctors prefer antimicrobial coatings over disinfectants and cleaning agents. This would also help reduce both cost and time for the hospitals in which they are prominently used. They help in curbing the spread of germs, which can otherwise cause weakened immune systems among people. Nevertheless, health concerns related to silver usage in various applications along with strict regulations in the European Union and the U.S. are presumed to create a hindrance to the overall demand. Antimicrobial Coatings Market Report Highlights
The SHER-NAR coating, which primarily consists of a three-coat finishing process is required to meet the standards of the American Architectural Manufacturers Association. AAMA 2605-13 is considered the most effective coatings solution used mainly in architectural applications. In the recent past, the antibiotic local application directly on the local surface is considered more efficient as compared to antibiotics penetration through biofilm. The bacteria are killed instantly before the biofilm is formed. These antibiotics can be applied in bone cement that is used to fix implants associated with orthopedic and orthodontic implants. The surface modifications and coatings product segment led the market and accounted for more than 53.0% share of the global revenue in 2021. This high share is attributed to its ability to modify the surface of a material by bringing physical, chemical, or biological characteristics different from the ones originally found on the surface of a material. This modification is usually made to solid materials, but it is possible to find examples of the modification to the surface of specific liquids. The modification can be done by different methods to alter a wide range of characteristics of the surface, such as roughness, hydrophilicity, surface charge, surface energy, and biocompatibility. The formation of biofilm on an orthopedic implant surface is one of the major problems for patient prognosis and increases the overall cost associated with the treatment of patients. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/328/ibb Companies in the market compete on the basis of product quality offered and technology used for the production. Major players focus on infrastructural development and expansion of their manufacturing facilities. Companies also invest in R&D and seek opportunities to vertically integrate across the value chain. These initiatives help them cater to the increasing global demand, ensure competitive effectiveness, enhance their sales & operations planning, develop innovative products & technologies, bring down their production costs, and expand their customer base. The global market is found to be significantly fragmented owing to the presence of a large number of manufacturers. Some of the key players in the global antimicrobial coatings market are:
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