Antimicrobial Nanocoatings Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2032
The global antimicrobial nano-coatings market is expected to showcase a phenomenal growth rate by exhibiting an opulent CAGR of around 20.3% over the projection period from 2022 to 2032. The global market is predicted to reach a valuation of US$ 930.5 Mn in 2022 and is further expected to top a valuation of US$ 5,893.7 Mn by the end of 2032. As per the Future Market Insights estimations, the historical period of global antimicrobial nano-coatings market witnessed around 7.6% year-over-year growth in the historical period
Antimicrobial nano-coatings are known to be nanotechnology-based coating techniques that are used to kill both gram-positive and gram-negative bacteria. They can bind to bacterial cell membranes and interfere with bacterial metabolism to create a pathogen-free surface. The demand for antimicrobial nano-coatings is expected to be influenced by certain industrial and innovative factors, including their surging utilization in the healthcare, automotive, food & beverage, and packaging sectors. In addition to that, surging investments in research and development activities and the rising focus of companies toward sustainability are also projected to bode well for the market. As per the estimations, the antimicrobial nano-coatings market is expected to account for around 15%-18% of the global nano-coatings industry.
Antimicrobial nano-coatings are predicted to gain immense popularity, especially within the healthcare sector owing to their ability to reduce the risk of microbes such as E. coli and legionella. They play a crucial role in maintaining infection control protocols. Furthermore, antimicrobial nano-coatings are also expected to find several drop-in centers, surgical rooms, home care, and hospitals with various products including pull cords, floors, beds, nurse call systems, cubicle curtains, handles, case note holders, paints, and walls. They are known to be effective against viruses, fungi, and certain microorganisms such as methicillin-resistant Staphylococcus aureus (MRSA) and vancomycin-resistant enterococci (VRE), depending on the type of antimicrobial agent used.
• Emerging economies such as India, China, and others have a higher growth potential in the antimicrobial nano-coatings market owing to the rapid growth in the industrial sector. These countries are presenting significant demand for antimicrobial nano-coatings on the back of rapid expansion of the medical & healthcare, food, packaging, as well as building and construction industries.
• Antimicrobial nano-coatings are actively looking for applications in the healthcare sector in order to create a sterile environment in hospitals. In addition to that, surging investments by key players within the manufacturing industries via domestic and foreign direct investment (FDI) flows are expected to propel the antimicrobial nano-coatings market.
• All the aforementioned factors are anticipated to create considerable growth opportunities for various companies along with paving way for the antimicrobial nano-coatings market within the global landscape in the assessment period. Furthermore, manufacturers in the automotive, building & construction, medical & healthcare, and food & beverages industries are likely to find a wide variety of applications for antimicrobial nano-coatings in emerging nations.
• The widespread expansion of the construction industry in numerous countries including Ireland, the U.S., the U.K., Sweden, the Netherlands, Germany, Poland, and Hungary is further projected to drive the global antimicrobial nano-coatings market in the next ten years. Moreover, hefty government funding especially in Europe combined with the presence of supportive measures like incentives, tax breaks, and subsidies, is likely to aid growth.
Prominent key manufacturers in the global antimicrobial nano-coatings are shifting towards the adoption of plenty of business models, including backward integration and forward integration models. The rising adoption of different business models has aided companies to improve their manufacturing capabilities and avoid disruptions in the supply chain.
More Insights into the Antimicrobial Nano-coatings Market
The U.S. is anticipated to dominate the global antimicrobial nano-coatings market by being the key producer and consumer all over the world. The U.S. antimicrobial nano-coatings market was valued at US$ 240.4 Mn in 2021. Growth in the country is attributed to the technological advancements in the medical & healthcare industry, the presence of well-developed healthcare facilities, and the high demand for microbes-free coatings are some of the key driving factors for the antimicrobial nano-coatings market in the U.S.
Antimicrobial Nanocoatings Market Outlook by Category
• Metal & Alloys
By Material Type:
• Metal Halides
• Organic Nanoparticles
• Metal Nanohybrids
By End-Use Industry:
• Building & Construction
• Consumer Goods
• Food & Beverages
• Medical & Healthcare
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