Antimicrobial coatings market expected to reach $36.2 billion by 2032, driven by increasing demand

From GlobeNewswire: 2024-11-27 07:29:00

The Global Antimicrobial Coatings Market is set to reach USD 36.2 Billion by 2032, growing at a CAGR of 13.5% from 2024. Trends show increased uptake in the construction and food sectors, with a focus on hygiene and air quality. Innovations in material and coating technology, including Silver-based and Copper-based coatings, are driving market growth. The market is also influenced by sustainability measures, with manufacturers designing eco-friendly antimicrobial coatings.

Silver-based antimicrobial coatings dominated the market in 2023, comprising 45% of the total market share. These coatings are widely used in healthcare and food industries due to their broad-spectrum antimicrobial properties and durability. In the medical and healthcare sector, antimicrobial coatings are extensively applied to medical devices and hospital infrastructure to enhance safety and compliance.

North America led the global market in 2023, holding over 40% of the market share. Stringent regulatory frameworks, a well-established healthcare system, and high adoption rates of advanced antimicrobial technologies contribute to the region’s dominance. Europe is another key market, with countries like Germany and the U.K. investing in antimicrobial solutions for public infrastructure and healthcare facilities.

Recent developments in the market include Akzo Nobel N.V. launching antimicrobial coatings for the food processing and healthcare industries, while PPG Industries Inc. announced a partnership to expand its range of antimicrobial powder coatings. With rising demand across industries and a focus on hygiene and safety, the antimicrobial coatings market is expected to create substantial opportunities for stakeholders, ensuring positive growth through 2032.



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