The global antimicrobial nanocoatings market is projected to reach a valuation of USD 930.5 Million in 2022. The antimicrobial nanocoatings market is expected to witness steady growth at a CAGR of 20.3% from 2022 to 2032. It is further expected to top a valuation of USD 5,893.7 Million by the end of 2032.
Demand for antimicrobial nanocoatings is anticipated to be influenced by certain industrial and innovative factors, including their surging utilization in the healthcare, automotive, food, beverage, and packaging sectors. Rising investments in research & development activities and the growing focus of companies toward sustainability are also projected to bode well for the market.
Antimicrobial nano-coatings are considered 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.
They are 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. The antimicrobial nanocoatings market is expected to account for around 15% to 18% of the global nanocoatings industry.
Antimicrobial nanocoatings are projected to gain immense popularity in the healthcare industry owing to their ability to reduce the risk of microbes such as E. coli and legionella. They play a vital role in maintaining infection control protocols. Antimicrobial nanocoatings are also anticipated to find application in drop-in centers, surgical rooms, home care, and hospitals, with products including pull cords, floors, beds, nurse call systems, cubicle curtains, handles, case note holders, paints, and walls.
| Attributes | Key Insights |
|---|---|
| Global Antimicrobial Nanocoatings Market Estimated Size (2022E) | USD 930.5 Million |
| Projected Market Valuation (2032F) | USD 5,893.7 Million |
| Value-based CAGR (2022 to 2032) | 20.3% |
| Collective Value Share: Top 3 Countries (2022E) | 40.2% |
Expansion of the construction industry in numerous countries such as Ireland, the USA, the United Kingdom, Sweden, the Netherlands, Germany, Poland, and Hungary is further projected to drive the global antimicrobial nanocoatings market in the next ten years. Rising funding from government agencies, especially in Europe, as well as the presence of supportive measures like incentives, tax breaks, and subsidies, is likely to aid growth.
Furthermore, numerous upcoming public-private partnership (PPP) projects in both developed and developing countries for the construction of airports, schools, offices, hospitals, and roads are anticipated to propel the antimicrobial nanocoatings market during the evaluation period. Several big and small companies worldwide are projected to innovate their in-house products to offer hygienic experiences to their clients.
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The global antimicrobial nanocoatings market witnessed about 7.6% year-over-year growth in the historical period (2017 to 2021). Demand for antimicrobial nanocoatings has been consistently growing across the globe owing to the consistent expansion of several end-use industries. Based on the current estimations by FMI, the antimicrobial nanocoatings market is projected to witness growth at nearly 20.3% CAGR over the forecast period of 2022 to 2032.
Substantial growth in population, rapid urbanization, and urgent need for microbes-free, non-toxic food & packaging materials are also set to remain key attributes for growth in the antimicrobial nanocoatings market. In addition, the healthcare industry witnessed substantial growth during the historical period. To avoid bacterial infections and significantly lower healthcare expenses, materials and surfaces in medical & healthcare facilities must be treated with antimicrobial chemicals to protect them against bacteria and other microbes.
Antimicrobial nanocoatings are already being used in the life sciences and healthcare industries, thereby pushing the development of new anti-bacterial surfaces for medical catheters. These are also expected to be added to paints and lacquers that are used to cover hospital operating tables, doorknobs, and door handles.
Some of the key companies are creating ultra-hard porous coatings for orthopedic and surgical implants like screws, plates, and joint implants. Owing to the above-mentioned factors, the global antimicrobial nanocoatings market is projected to witness considerable growth in the next ten years.
Top Trends Propelling Sales of Antimicrobial Nanocoatings
Growth potential in the antimicrobial nanocoatings market exists in emerging economies, including India, China, and others owing to rapid growth in the industrial sector. These countries are witnessing a significant demand for antimicrobial nanocoatings on the back of rapid expansion of the medical & healthcare, food, packaging, as well as building and construction industries.
Antimicrobial nanocoatings are increasingly finding applications in the healthcare sector to create a sterile environment in hospitals. Further, increasing investments by key players in the manufacturing industries through domestic and foreign direct investment (FDI) flows are expected to propel the antimicrobial nanocoatings market.
All of these factors are expected to create considerable growth opportunities for companies and drive growth in the antimicrobial nanocoatings market on a global level in the assessment period. Besides, manufacturers in the automotive, building & construction, medical & healthcare, and food & beverages industries are likely to find a wide variety of applications for antimicrobial nanocoatings in emerging nations.
Rising Concerns about the Environment & Human Health May Hinder Growth
Environmental concerns and health hazards associated with the use of antimicrobial nano-coated products are restraining growth in the market as antimicrobial compounds such as metal nanoparticles, can be toxic if they enter cells and cause lysosomes to produce reactive oxygen species (ROS), which can damage the DNA.
The toxicity of advanced molding compounds (AMCs) is caused due to metallic nanoparticles, particularly nano-silver. The toxicity of biocides and antimicrobial nanoparticles, as well as their environmental persistence, may raise concerns for human health and the environment.
This diversity of antimicrobial nanocoated materials has led to a wide variety of physical and chemical properties in the finished product. Organometallic antimicrobial nanocoated materials are very efficient and cost-effective, but their use has been limited because of environmental concerns and market perception regarding their long-term toxicity.
Antimicrobial nanocoated products with the capability to modify or destroy the cell structure of microorganisms could influence the cell structure of living organisms in the environment and this concern is hampering the antimicrobial nanocoatings market to a certain extent.
Demand for Microbes-free Coatings to Surge in the USA with Rising Need among Healthcare Professionals
Demand for microbes-free coatings is expected to remain prominent in the United States of America. The availability of well-developed healthcare infrastructure and insurance coverage is expected to fuel demand for innovative healthcare products and services in the United States of America.
The number of procedures is predicted to rise along with the aging population and the frequency of accidents in this country. As a result, it is expected that the nation will continue to need antimicrobial nanocoatings in the medical and healthcare end-use industry over the course of the forecast period.
The United States of America is estimated to be a key producer and consumer of antimicrobial nanocoatings all over the globe. The United States of America antimicrobial nanocoatings market was valued at USD 240.4 Million in 2021. Substantial development in the medical & healthcare industry, the presence of well-developed healthcare facilities, and high demand for microbes-free coatings are some of the key driving factors for the antimicrobial nanocoatings market in the United States of America.
Rapid Development of Non-toxic Coatings Formulations to Bolster Sales in China
China is anticipated to be a leading country in terms of the consumption of antimicrobial nanocoatings in the global market. The antimicrobial nanocoatings market in China is estimated to witness a 22.9% growth rate over the coming assessment period of 2022 to 2032. Increased consumer disposable income and high demand for cost-effective, non-toxic coatings formulations are expected to bolster the sales of antimicrobial nanocoatings in China.
Various manufacturers in China are constantly focusing on the production of target-specific formulations. They are also striving to resist the growth of microorganisms, especially in marine vessels and hulls where the antifouling coating is not effective. The development of resistant strains increased microbial resistance to metal ions & antibiotics, and new legislations have led coating makers in China to look for alternatives to conventional antimicrobial coatings. All these factors are expected to drive the antimicrobial nanocoatings market in China.
Healthcare Professionals to Utilize Hydrophobic Nanocoatings for Maintaining Hygiene
Antimicrobial nanocoatings are increasingly finding their application in healthcare, food, beverages, and other industries owing to rising awareness about hygienic products. Improving living standards and busy lifestyles have also resulted in high demand for hygienic antimicrobial plastic products, especially for healthcare applications.
Changing lifestyles of consumers and longer working hours are resulting in an increasing demand for packaged ready-to-eat and frozen foods. This is also expected to drive the demand for antimicrobial coatings and additives. Antimicrobial nanocoatings are extensively utilized on shelves, floors, kitchen mats, storage containers, water coolers, and water hydration systems to keep them safe.
Rising concerns among consumers regarding personal and family wellness are further set to create new growth opportunities for key players in the field of antimicrobial apparel, home furnishings, and footwear. Owing to the aforementioned factors, the global antimicrobial nanocoatings market is estimated to surge at a rapid pace.
Companies Worldwide to Utilize Coatings Made of Plastic to Prevent Harmful Bacteria
In 2021, by substrate, the plastic segment generated the largest antimicrobial nanocoatings market share due to its high versatility. Increasing the use of plastic substrates in the manufacturing of various products like food containers, breathing apparatuses, soap dispensers, and surgical tools is another vital factor that is anticipated to aid growth. Plastic is prone to microbiological growth, including the formation of bacteria and mold, which is anticipated to reduce a product's functional lifespan.
Plastic items produced with antimicrobial nanocoatings provide resistance to various bacteria and contribute to the long-term durability of plastic goods. Medical equipment, culinary appliances, and automobile components are some examples of products that use antimicrobial nanocoatings. The nano-coating used in medical and healthcare infrastructure imparts protection against harmful microbes when applied to plastic, metals, and alloys.
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Some of the key manufacturers in the global antimicrobial nanocoatings market are inclining towards the adoption of various business models, such as backward integration and forward integration models. The growing adoption of different business models has helped companies to enhance their manufacturing capabilities and avoid disruptions in the supply chain.
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| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | USD 930.5 Million |
| Projected Market Valuation (2032) | USD 5,893.7 Million |
| Value-based CAGR (2022 to 2032) | 20.3% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD Million) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, South Africa |
| Key Segments Covered | Substrate, Material Type, End-Use Industry, and Region |
| Key Companies Profiled | Bio-Gate AG; Nilima Nanotechnologies; Nano-Care Deutschland AG; NANOSONO LTD.; GBneuhaus GmbH; NANOPOOL GmbH; NANOPOOL GmbH; NANO4LIFE EUROPE L.P.; Vetro Sol; Inframat Corporation; P2i Ltd.; Nanofilm Ltd.; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global antimicrobial nanocoatings market is estimated to reach a valuation of US$ 930.5 Million in 2022.
The antimicrobial nanocoatings market is anticipated to witness a growth rate of 20.3% over the forecast period of 2022 and 2032 in terms of value.
Medical & healthcare is estimated to be a key end-use industry, and the segment is set to account for about 60%-65% of the global antimicrobial nanocoatings market.
Key players in the global antimicrobial nanocoatings market are expected to account for about 40 - 45% of the overall market share.
The top countries driving the global antimicrobial nanocoatings market are China, the USA, Germany, and India.
| Market Size (2024E) | USD 7874.8 million |
|---|---|
| Market Value (2034F) | USD 15760.5 million |
| Value-based CAGR (2024 to 2034) | 7.2% |
| Estimated Market Size (2023) | USD 5.24 billion |
|---|---|
| Market Value-based CAGR (2023 to 2033) | 4.7% |
| Projected Market Size (2033) | USD 8.29 billion |
| Expected Market Value (2023) | USD 7.61 billion |
|---|---|
| Anticipated Forecast Value (2033) | USD 19.8 billion |
| Projected CAGR (2023 to 2033) | 10% |
| Market Estimated Value (2021E) | USD 167.5 Million |
|---|---|
| Market Projected Value (2031F) | USD 2,796.7 Million |
| Market Value-based CAGR (2021 to 2031) | 32.5% |
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Antimicrobial Nanocoatings Market
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