The global anti-microbial nanocoatings market size is likely to witness astronomical growth in the upcoming years. Antimicrobial coatings prevent viruses and microbes from incubating and spreading. They are one of the most advanced and effective methods of preventing infections. The increasing instances of diseases spreading through bacterias fuel the product demand in various sectors such as marine, medical, healthcare, etc. Fortune Business Insights™ has presented this information in an upcoming report titled, “Anti-Microbial Nano Coatings Market, 2022-2029”.
As per the report, the market is gaining immense popularity due to several reasons. For instance, antimicrobial nano coatings restrict aquatic slime and algae formation. The increasing product demand for the prevention of eutrophication in water bodies is expected to augment market growth in the forthcoming years.
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COVID-19 Impact-
The global pandemic has accelerated market growth. The highly transmittable coronavirus has augmented the demand for sanitizers, surface disinfectants, and antimicrobial coatings. The pandemic has surged the product demand from the healthcare and medical industries. These industries widely utilize the product for regular sanitization and disinfection. The product is also utilized to manufacture needles, syringes, and other medical tools that require regular disinfection. The market is expected to grow manifold post-pandemic.
Report Coverage-
- The report showcases a comprehensive assessment of the prospected market.
- The report identifies drivers, threats, and opportunities for future market growth.
- The report provides a detailed evaluation of the technological, social, political, economic, and environmental aspects across different geographies.
- The report sheds light on the competitive landscape and provides information on key market trends, new product launches, expansions, etc.
- The report incorporates Porters’ Five Forces Analysis for a precise prediction.
Segmentation-
On the basis of application, the market segments into marine, medical, food & beverages, water treatment equipment, healthcare, etc. Geographically, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers & Restraints-
Increasing Product Demand from Medical & Healthcare Industries to Fuel Market Growth
The global pandemic has surged the demand for surface disinfecting products significantly. The
regular disinfection of surfaces such as tabletops, door handles, knobs, etc., has risen during the pandemic. Furthermore, a surge in demand for antimicrobial nano coatings for application on medical devices, furniture, walls, implants, etc., and is likely to augment the global antimicrobial nano coatings market growth.
The dynamic consumer lifestyles and increasing prevalence of diseases caused by viruses and bacteria are expected to bolster the market growth in the forthcoming years.
Additionally, the constantly expanding medical and healthcare industries are expected to fuel market growth due to rising investments.
However, the environmental concerns regarding product application in coatings and paint production are likely to hinder the market growth.
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Regional Insights-
North America to Emerge Dominant in Global Market
North America is projected to hold the largest portion of the global antimicrobial nano coatings market share. This is attributable to the presence of robust healthcare and medical industries and the large-scale research and development activities for the production of infection restraining paints and coatings. Additionally, the increasing product adoption by the US Navy is expected to complement market growth.
The expanding product demand from the healthcare industry is anticipated to help Europe witness substantial growth in the forthcoming years.
The increasing old-age population, increasing prevalence of diseases caused by viruses and bacteria, and the expanding healthcare industry propel the product demand in Asia Pacific. Hence, the rising adoption of these coatings is anticipated to help Asia Pacific observe steep growth in the forthcoming years.
The lack of a robust healthcare sector in the Middle East & Africa, and Latin America observe sluggish growth during the forecast period.
Competitive Landscape-
Key Players Emphasize on Expansion of Production Capabilities & Launch of New Products
The market comprises major players operating at global and regional levels. The pandemic has forced the businesses operating in the market to increase their research and development activities and develop new products and advanced technologies. The key players emphasize on the expansion of their production facilities to grow in the market. The key players also focus on gaining a larger market share through partnerships, mergers, acquisitions, collaborations, etc. For instance, Nano-C acquired the core patents of Eikos Inc. in March 2019 to capitalize on the robustness of the Nano-C manufacturing of SWCNT.
Industry Developments-
- December 2020: British Company launched a fast-acting antimicrobial coating called ViraTeq. The coating can destroy coronavirus on surfaces.
Key Players in the Global Anti-Microbial Nano Coatings Market are:
- Toto USA
- 3M Healthcare
- Blue Nano Inc.
- Eikos Inc.
- Nanovere Technologies LLC
- Nanofilm Ltd.
- Smith and Nephew Plc.
- Nanocare Tech.
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