According to this latest publication from Meticulous Research®, the antimicrobial coatings market is projected to reach $12.41 billion by 2031, at a CAGR of 10.8% during the forecast period. The growth of this market is driven by rising applications of antimicrobial coatings to reduce healthcare-associated infections, the increase in contaminated food recalls in North America and Europe, initiatives, and funding for advancements in antimicrobial coatings, and rising demand for antimicrobial coatings in the food & beverage industry.

Additionally, emerging economies, the introduction of antimicrobial coatings in the retail food marketplace, and rising space programs across the world are expected to offer significant market growth opportunities.
However, the stringent regulations related to Volatile Organic Compounds (VOCs) content and rising prices of raw materials restrain the growth of this market. Additionally, the development of antimicrobial resistance in microbes and the high cost of antimicrobial coatings pose a significant challenge to the market's growth.

Key Players:
The key players operating in the antimicrobial coatings market are Akzo Nobel N. V. (Netherlands), Lonza Group Ltd (Switzerland), PPG Industries Inc. (U.S.), Axalta Coating Systems (U.S.), The Sherwin-Williams Company (U.S.), DOW Chemical Company (U.S.), Nippon Paint Holdings Co., Ltd. (Japan), Sciessent LLC (U.S.), Sika AG (Switzerland), BASF SE (Germany), Specialty Coating Systems Inc. (U.S.), Advanced NanoTech Lab (India), Novapura AG (Switzerland), Pylon Coatings Pty Ltd (Australia) and Troy Corporation (U.S.).

Antimicrobial Coatings Market: Future Outlook
The antimicrobial coatings market is segmented based on product (metal-based coatings [silver, copper, aluminum, other metals], non-metal-based coatings [organic, polymer]), form (liquid [solvent borne, water borne], powder, aerosol, gel), industry (building & construction, food & beverages, automotive, medical & life sciences, pharmaceutical, machinery & equipment, consumer goods, other industries), and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on the products, the antimicrobial coatings market is segmented into metal-based coatings and non-metal-based coatings. In 2024, the metal-based coatings segment is expected to account for the larger share of the antimicrobial coatings market. The large market share of this segment is attributed to the increasing healthcare-associated infections, and growing adoption of silver-based coating by electronic device manufacturers.

Further, players in the antimicrobial coatings market are focusing on enhancing their offerings by launching new products. For instance, in May 2023, Novolipetsk Steel (Russia) launched rolled steel with an antibacterial coating. The antibacterial coating shields the metal against harmful microorganisms and improves the interior finishing of various facilities, such as in the healthcare and food industries.

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Key questions answered in the report:
• Which are the high-growth market segments in terms of product, form, industry, and region/country?
• What was the historical market size for antimicrobial coatings across the globe?
• What are the market forecasts and estimates for 2024–2031?
• What are the major drivers, restraints, and opportunities in the global antimicrobial coatings market?
• Who are the major players in the global antimicrobial coatings market?
• What is the competitive landscape like, and who are the market leaders in the global antimicrobial coatings market?
• What are the recent developments in the antimicrobial coatings market?
• What strategies are adopted by the major players in the antimicrobial coatings market?
• What are the geographical trends and high-growth regions/countries?

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