Asia Pacific Antimicrobial Coatings Market growth was valued at over USD 815 million in 2019 and industry is expected to witness a growth of above 10.5% by 2026.
Antimicrobial coating is the process of applying a chemical agent over a surface in order to counter the growth of disease-causing micro-organisms. It is also effective in increasing the surface durability, appearance, and corrosion resistance. Antimicrobial coatings work on a three-action mechanism which includes blockage of primary cell metabolism; stoppage of cellular respiration; and prevention of cell division. There are various chemicals used in antimicrobial coatings such as graphene materials, graphene like two-dimensional materials, polycationic hydrogel, silver nanoparticles, polymer brushes, dendrimers, and copper & its alloys. Antimicrobial coatings are used in several applications such as medical, indoor air quality systems, mold remediation, textiles, food & beverage, building & construction, and others.
Antimicrobial powder coatings such as silver and copper alloys are widely used to destroy disease causing micro-organisms. Silver nanoparticles have a bacterial effect within a range of 1-10nm. Copper along with its alloys such as brass, bronze, copper-nickel-zinc, and cupronickel are known to be natural antimicrobial elements. These elements can inhibit the growth and destroy micro-organisms. Antimicrobial powder coatings are widely used in healthcare, domestic appliances, food equipment, commercial buildings, escalators & elevators, and many others. Increasing sanitization of surfaces and instruments owing to COVID pandemic across the globe is expected to drive the antimicrobial coatings market during the forecast period.
The growing healthcare sector, increasing geriatric population, rising awareness regarding health care associated infections (HCAI), and recurrent utilization of medical facilities due to COVID pandemic are expected to drive the market during the forecast period. Antimicrobial coatings are been widely used on catheters, surgical devices, medical electronics devices, instruments, and many others in order to minimize the risk of infections during medical procedures. For instance, the antimicrobial coatings market from medical and healthcare applications in India accounted for a revenue of USD 27.15 million in 2019.
Rapid investments in manufacturing facilities, rising expenditure in education, healthcare, IT, and service industries are various factors attributing to the growing construction sector in the APAC region. Antimicrobial coatings are mainly used in doors, glass panels, walls, elevators, escalators, HVAC tents to prevent the spread of micro-organisms. Additionally, the COVID pandemic has created greater awareness among people regarding sanitization of buildings and places globally, especially in emerging economies of APAC region.
Asia Pacific antimicrobial coatings market size from food industry accounted for a revenue over USD 108 Million in 2019. Rising developments in the food processing sector is driving the antimicrobial coatings market growth in the region. Antimicrobial coatings are widely used in food processing units, dairy, food packaging, and utensils & containers. Growing working population, hectic work schedules, increased consumer spending, rising awareness regarding sanitization for protection against pandemic are the major factors attributing to the growth in the antimicrobial coatings for food industry in APAC region. For instance
Asia Pacific market was estimated to be above USD 815.0 Million in 2019. Rapid industrialization coupled along with growth in healthcare, construction, food processing & packaging sectors, and increasing awareness regarding protection from pandemic are the major factors driving the antimicrobial coatings market in APAC region. Additionally, favorable FDI policies in emerging economies is another major factor attributing to the market growth of antimicrobial coatings in the region.
Asia Pacific market share is competitive with key players including DuPont, PPG Industries, Axalta Coating Systems, BASF, Akzo Nobel, Sherwin-Williams Company, Nippon Paint, Dow Chemical Company, Koninklijke DSM N.V. and Lonza Arch.