The Increase in Demand for the Global Healthcare Industry Proves to Be a Driver for the Breathable Antimicrobial Coatings Market
Breathable Antimicrobial Coatings Market is projected to grow at a CAGR of 10.7% during the forecast period of 2022-2027 and is estimated to be USD $759 million in 2021. Antimicrobial Coatings are defined as a coating or a chemical agent that is applied on a particular surface to form antifungal or antibacterial layers and prevent the growth of harmful or toxic micro-organisms. Breathable Antimicrobial Coatings are classified as antimicrobial technology, which is defined as any substance that is used to hinder and prevent the growth of bacteria, mold and mildew. Breathable Antimicrobial Coatings are commonly used in mold remediation and indoor air quality control. It is also widely used in the field of Healthcare and Textiles, most notably in personal protective equipment. In this report, we will take a look at the various segmentations of Breathable Antimicrobial Coatings Market and analyse the Market Landscape, Drivers and Challenges.
During the COVID-19 Pandemic, many Industries faced a decline in business due to the various government mandates issuing lockdowns globally. Due to this many factories and manufacturing plants were shut down and the global supply chain for many markets were disrupted. The Breathable Antimicrobial Coatings market was greatly disrupted as one it’s primary End-Users is the Industrial Sector. According to the United Nations International Development Organisation (UNIDO), the global manufacturing output fell by 11.2% in the second quarter of 2020 when compared to the previous year. However, the demand for the Healthcare Industry increased as many people needed medical care. According to the United States International Trades Commission (USITC), the global medical device industry generated approximately USD $456.9 billion in sales in 2019-2020. Despite the turbulent period of the Pandemic, the Breathable Antimicrobial Coatings Market is projected to grow within the forecasted period of 2022-2027.
Breathable Antimicrobial Coatings Market Analysis – By Type
Inorganic Antimicrobial Coatings holds the largest share of 58% in this segmentation in 2021. Inorganic Antimicrobial Coatings are made of inorganic metal or metal ion compounds, such as, sodium, copper, zinc, and so on. They are used in a variety of surface coatings that helps remove micro-organisms like hyphae and mycelium. Organic Antimicrobial coatings comprise of organic compounds like benzene groups, alkene groups, amines and so on. Organic Antimicrobial Coatings also prove to be highly effective and are often used as surfactants. There are also naturally occurring antimicrobial agents such as chitins and antimicrobial peptides like nisin and lysozymes.
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Breathable Antimicrobial Coatings Market Analysis – By Application
Mold Remediation holds the largest share of 38% in the Breathable Antimicrobial Coatings Market in 2021. Molds prove to be one of the most commonly occurring microorganism that plagues indoor households and public places, especially in areas which are damp or high in humidity. If not exterminated, molds can cause a variety of health issues such as wheezing, coughing, red eyes, rashes, and allergies, especially to asthmatic individuals. Breathable antimicrobial coatings help in eradicating molds and also prevents further growth of these microorganisms. Breathable Antimicrobial Coatings are also used to disinfect medical equipment and ensure safe laboratory practices. According to the India Brand Equity Foundation, India’s medical devices market was valued at USD $11 billion in 2020. Breathable Antimicrobial Coatings is also used in a variety of other applications like Fabrics, Constructions and Food Packaging.
Breathable Antimicrobial Coatings Market Analysis – By End-Use Industry
The Industrial Sector holds the largest share of 30% in the Breathable Antimicrobial Coatings Market in 2021. Antimicrobial coatings are predominantly used in Mold Remediation and Indoor Air Quality Control. Antimicrobial Coatings are excellent in eradicating molds like hyphae and mycelium and is used in the purification of air in a closed space. Factories and Manufacturing Plants often suffer from these issues due to damp and humid work environments and due to the production of waste materials. As a result, the Industrial sector demands the constant use of Breathable Antimicrobial Coatings. According to India Brand Equity Foundation (IBEF), India’s Industrial Sector is estimated to be valued at USD $348.53 billion in Fiscal Year 2021. It accounts for 19% of India’s real Gross Value Added (GVA). Other End-Use Industries include the Healthcare Industry, the Construction Industry, the Textile Industry, the Food & Beverages Industry and more.
Breathable Antimicrobial Coatings Market Analysis – By Geography
North America is estimated to hold the largest share of 44% by region in the Breathable Antimicrobial Coatings Market in 2021. This is because North America stands at the forefront of Research and Development when it comes to antimicrobial coatings. According to the Commonwealth Fund, the United States spends more than USD $10,000 per capita in the Healthcare sector. This is more than two times higher than in countries like Australia, France, U.K., or Canada. The United States is the largest contributor to the global Healthcare Industry and is thus in the forefront of research and development when it comes to Antimicrobial Coatings. Other Industries, like the Construction Industry also contributes to the demand of Antimicrobial Coatings. This is why North America has the highest demand for Breathable Antimicrobial Coatings.
Breathable Antimicrobial Coatings Market Drivers
The increase in demand for the Healthcare Industry:
During the COVID-19 Pandemic, the demand for the healthcare industry had significantly risen. As such the need for Antimicrobial Coatings, especially in the time of the Pandemic, had increased exponentially. According to the United States International Trades Commission (USITC), the global medical device industry generated approximately USD $456.9 billion in sales in 2019-2020, with United States being the largest producer. It is estimated that 26 billion Personal Protective Equipment (PPE) were sold in the first half of 2020 which is 24% more than the sales in second of 2019. Antimicrobial Coatings are essential for PPE and medical devices and as such, the increase in demand for medical supplies also affects the demand for Breathable Antimicrobial Coatings.
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Breathable Antimicrobial Coatings Market Challenges
Decline of the Industrial Sector due to the Pandemic:
During the COVID-19 Pandemic, the Industrial Sector took a blow as many Factories and Manufacturing Plants were shut down due to lockdown procedures. According to the United Nations International Development Organisation (UNIDO), the global manufacturing output fell by 11.2% in the second quarter of 2020 when compared to the previous year. The Antimicrobial Coatings market predominantly depends on the Industrial Sector so a decline in the market globally, greatly hinders the Breathable Antimicrobial Coatings Market.
Breathable Antimicrobial Coatings Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Breathable Antimicrobial Coatings Market. The key companies in the Breathable Antimicrobial Coatings Market are:
JFB Hart Coatings
H.B. Fuller Construction Products, Inc.
Fast Mold Removal
Covalon Technologies Ltd.
E.I. du Pont de Nemours and Company
NIKRO Industries, Inc.
On 5 February 2021, a new antimicrobial coating was developed by IPL Packaging called Matter, which is said to be 99.9% effective against a number of microbes that are found on packs.
Breathable Antimicrobial Coatings are a form of antimicrobial technology that is used in the eradication of various harmful micro-organisms.
North America holds the largest share in the Breathable Antimicrobial Coatings Market.
Breathable Antimicrobial Coatings are primarily used in Mold Remediation and Indoor Air Quality Control.
The increase in demand for the global Healthcare Industry proves to be a driver for the Breathable Antimicrobial Coatings Market.
Antimicrobial Coatings Market
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