In terms of revenue, the Global Antiviral Antimicrobial Coatings Market is expected to reach 7.59 USD Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 10.8% from 2022 to 2028. The increasing cases of healthcare-associated infections and government initiatives & funding for the development of antimicrobial activity coatings are the driving factors for Antiviral Antimicrobial Coatings Market.
- Under the material segment augmented silver is anticipated to dominate the segment for Antiviral Antimicrobial Coatings Market and growing at a substantial Compound Annual Growth Rate (CAGR). The adoption of silver coatings to control the spread of pathogens in the food, textile, and medical equipment manufactories and hospitals.
- Liquid coatings sub-segment held a market significant share in 2021. This is the fastest segment growing in Antiviral Antimicrobial Coatings Market. Due to their benefits, such like defense against corrosion and requirement of a more uniform finish than powder coatings.
- ASia Pacific is the largest regional segment. This is due the adoption of antiviral & antimicrobial coatings in food facilities, the transport sector, air purifiers, medical devices, and others.
Some of key players in Antiviral Antimicrobial Coatings Market includes, Axalta Coating Systems (US), The Sherwin-Williams Company (US), Nippon Paint Holdings (Japan), PPG Industries (US), and DuPont de Nemours (US).
Ready-to-eat food packaging is infected with numerous viruses because of the lack of proper antiviral packaging material. The viral pathogens transferred from contaminated food packaging covers can lead to viral foodborne outbreaks. Dairy products are more generally recalled due to problems with process hygiene, indicated through E. coli testing, other products commonly recalled for E. coli contain fresh sprouts and fermented sausages.
Biocontamination of medical instruments and implants is a growing problem in developing countries, driving medical complications and increased costs. Developments in nanotechnology and biological sciences have made it possible to design smart surfaces for decreasing infections. Thus, boosting the antiviral & antimicrobial coatings market growth.
ASia Pacific is expected to emerge as potential market for Antiviral Antimicrobial Coatings Market. The growth is attributed to the existence of a considerable patient pool of COVID-19 and substantial investment to build the healthcare system in the regional market.