Market Size of Anti-microbial Coatings Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.43 Billion |
| Market Size (2029) | USD 6.42 Billion |
| CAGR (2024 - 2029) | > 7.50 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Anti-Microbial Coatings Market Analysis
The Anti-microbial Coatings Market size is estimated at USD 4.43 billion in 2024, and is expected to reach USD 6.42 billion by 2029, growing at a CAGR of greater than 7.5% during the forecast period (2024-2029).
The market was positively impacted by COVID-19 in 2020. Owing to the pandemic scenario, the usage of anti-microbial coatings in medical products and devices, including surgical masks, gloves, wound dressings, hospital textiles, and surgical devices, significantly increased to curb the growth of new COVID-19 cases.
- According to Wall Street Journal, the total production volume of N95 masks in the United States was about 45 million in January 2020 and reached about 180 million by the end of 2020, witnessing an exponential growth of about 300%, which, in turn, has stimulated the demand in the anti-microbial coatings market.
- Over the short term, increasing adoption of anti-microbial coatings in medical devices, gloves, face masks, and other healthcare equipment and products is expected to drive the market's growth.
- Silver coatings dominated the global market and are expected to grow during the forecast period, owing to the growing application of anti-microbial coatings, especially in the medical industry.
- On the flip side, the lack of technological awareness regarding anti-microbial coatings in developing and under-developed nations and volatility in raw material prices are expected to hinder the growth of the studied market.
