North America Antimicrobial Coatings Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Raw Material (Silver, Copper, Titanium Dioxide, and Others), Application (Medical, HVAC, Mold Remediation, Building and Construction, Foods and Beverages, and Others)
Market Introduction
The North America antimicrobial coatings market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The North American region constitutes developed economies such as US, Canada, and Mexico as a developing nation. The healthcare industry is expected to witness monumental transformation along with the factors such as rapid urbanization, rising instances of infectious diseases, and shift in consumer lifestyle. The demand for antimicrobial coatings has been rising in healthcare setting for sterilization of medical devices. However, the use of antimicrobial coatings is not limited to medical industry and has been expanding across diversified end use industries such as indoor air/HVAC applications along with building and construction, food & beverage, mold remediation, and packaging. For building and construction purpose, the antimicrobial coatings are used to cover the walls and surfaces of manufacturing capabilities, factories, and stations to keep them away from the propagation of microbes. Moreover, these coatings find applications in residential and commercial facilities, indoor handles, flooring and roofing systems, workstations, and other such places. In food & beverage industry, the antimicrobial edible films and coatings protect foodstuff against spoilage and help minimize the risk of pathogen propagation on the food surface. Additionally, these coatings are used to wrap fish and meat products as well as fruits and vegetables.
In case of COVID-19, in North America, especially the US, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of coatings manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for antimicrobial coatings during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of antimicrobial coatings manufacturing projects, thereby reducing the demand for antimicrobial coatings. Similar trend was witnessed in other North American countries, i.e., Mexico, Canada, Panama, and Costa Rica. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
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Market Overview and Dynamics
The antimicrobial coatings market in North America is expected to grow from US$ 1,318.96 million in 2020 to US$ 3,050.91 million by 2028; it is estimated to grow at a CAGR of 11.1 % from 2020 to 2028. The product innovations and advancements in technology related to antimicrobial coatings is providing lucrative opportunity for the market growth. Through effective research studies and development procedures, researchers and scientists have come up with Na-P-zeolite from kaolin and exposed them to a cation-exchange process to obtain anticorrosive and antibacterial effects together. The latest innovation is associated with the development of multifunctional, low cost, and durable antimicrobial coatings. The multifunctional coatings are incorporated with zeolites, which are considered one of the most useful material. These coatings are designed to perform several actions at the same time. At present, the use of acrylic waterborne coating has been discovered with various multi-functional applications owing to the presence of diversified range of mechanical and physical properties. Such coatings incorporate the use of 1–3 Vinyl ester of versatic acid 10, which is considered an attractive monomer, exhibiting properties such as flexibility, hydrophobicity, and good chemical and ultraviolet (UV) resistance along with inhibiting microbial growth and spread. Therefore, they are extensively used in various applications such as decorative, industrial, wood coatings, and varnishes. Further, they are quite environmentally friendly and emit comparatively less amounts of volatile organic compounds (VOC) in the environment.
Key Market Segments
Based on raw material, the silver segment accounted for the largest share of the North America antimicrobial coatings market in 2019. Based on application, the mold remediation segment held a larger market share of the North America antimicrobial coatings market in 2019. Mold remediation protects homeowners and residents safe and secure by detecting large-scale mold within the home and eradicating or encapsulating it. Antimicrobial coatings are added to kill residual mildew and mold after pre-cleaning contaminated surfaces. It also prevents mold and mildew from forming on the cured surfaces. These coatings withstand humid and damp conditions while also preventing fungal infections on the surface. Further, coatings contain EPA-registered mold-inhibitors and anti-microbial additives that prevent the regrowth of odor-causing bacteria, mold, and mildew on the coatings' surface. Thus, all these factors are expected to increase the demand for antimicrobial coatings in mold remediation.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America antimicrobial coatings market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Cupron, Alistagen Corporation, AK Coatings Inc., Fiberlock, Microban International Ltd., PPG Industries Inc., Akzo Nobel N.V., DuPont de Nemours, Inc., Nano-Care Deutschland AG, and Axalta Coating Systems.
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- To understand the North America antimicrobial coatings market landscape and identify market segments that are most likely to guarantee a strong return
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North America Antimicrobial Coatings Market Segmentation
North America Antimicrobial Coatings Market -By Raw Material
- Silver
- Copper
- Titanium Dioxide
- Others
North America Antimicrobial Coatings Market -By Application
- Medical
- HVAC
- Mold Remediation
- Building and Construction
- Foods and Beverages
- Others
North America Antimicrobial Coatings Market – By Country
- US
- Canada
- Mexico
North America Antimicrobial Coatings Market – Company Profiles
- Cupron
- Alistagen Corporation
- AK Coatings Inc.
- Fiberlock
- Microban International Ltd.
- PPG Industries Inc.
- Akzo Nobel N.V.
- DuPont de Nemours, Inc.
- Nano-Care Deutschland AG
- Axalta Coating Systems
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Antimicrobial Coatings Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Expert Opinion
5. North America Antimicrobial Coatings Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Instances of Hospital-Acquired Infections (HAIs)
5.1.2 Expanding use of Antimicrobial Coatings in Diversified Application Bases
5.2 Market Restraints
5.2.1 Rising Concerns Related to Harmful Effects of Antimicrobial Coatings
5.3 Market Opportunities:
5.3.1 Innovative Technological Development in Antimicrobial Coatings Industry
5.4 Future Trends:
5.4.1 Adoption of Bio-based Antimicrobial Coating Material
5.5 Impact Analysis of Drivers and Restraints
6. Antimicrobial coatings – North America Market Analysis
6.1 Antimicrobial coatings Market Overview
6.2 Antimicrobial coatings Market –Revenue and Forecast to 2028 (US$ Mn)
7. North America Antimicrobial Coatings Market Analysis – By Raw Materials
7.1 Overview
7.2 Antimicrobial Coatings Market, By Raw Materials (2019 and 2028)
7.3 Silver
7.3.1 Overview
7.3.1.1 Silver: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Copper
7.4.1 Overview
7.4.1.1 Copper: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Titanium Dioxide
7.5.1 Overview
7.5.1.1 Titanium Oxide: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.1.1 Others: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
8. North America Antimicrobial Coatings Market Analysis – By Application
8.1 Overview
8.2 Antimicrobial Coatings Market, By Application (2019 and 2028)
8.3 Medical
8.3.1 Overview
8.3.1.1 Medical: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 HVAC
8.4.1 Overview
8.4.1.1 HVAC: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Mold Remediation
8.5.1 Overview
8.5.1.1 Mold Remediation: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
8.6 Building and Construction
8.6.1 Overview
8.6.1.1 Building and Construction: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
8.7 Food and Beverages
8.7.1 Overview
8.7.1.1 Food and Beverages: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.1.1 Others: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
9. North America Antimicrobial Coatings Market – Country Analysis
9.1 Overview
9.1.1 North America: Antimicrobial Coatings Market, by Key Country
9.1.1.1 US: Antimicrobial Coatings Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Antimicrobial Coatings Market, Raw Materials
9.1.1.1.2 US: Antimicrobial Coatings Market, Application
9.1.1.2 Canada: Antimicrobial Coatings Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Antimicrobial Coatings Market, Raw Materials
9.1.1.2.2 Canada: Antimicrobial Coatings Market, Application
9.1.1.3 Mexico: Antimicrobial Coatings Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Antimicrobial Coatings Market, Raw Materials
9.1.1.3.2 Mexico: Antimicrobial Coatings Market, Application
10. Impact of COVID-19 Pandemic on North America Antimicrobial Coatings Market
10.1 Overview
10.2 Impact of COVID-19 on Antimicrobial Coatings Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Cupron
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Alistagen Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 AK Coatings Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Fiberlock
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Microban International
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 PPG Industries, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 AkzoNobel N.V.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 DuPont de Nemours, Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 nano Care Deutschland AG
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Axalta Coatings Systems
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Antimicrobial coatings Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. US Antimicrobial Coatings Market, Raw Materials – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Antimicrobial Coatings Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Antimicrobial Coatings Market, Raw Materials – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Antimicrobial Coatings Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Antimicrobial Coatings Market, Raw Materials – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Antimicrobial Coatings Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, Almond Flour Market
LIST OF FIGURES
Figure 1. North America Antimicrobial Coatings Market Segmentation
Figure 2. North America Antimicrobial Coatings Market Segmentation – By Country
Figure 3. North America Antimicrobial Coatings Market Overview
Figure 4. Silver Antimicrobial coatings segment Held Largest Share of North America Antimicrobial coatings Market
Figure 5. US Held Largest Share of North America Antimicrobial Coatings Market
Figure 6. North America Antimicrobial Coatings Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Antimicrobial Coatings Market Impact Analysis of Driver and Restraints
Figure 10. North America: Antimicrobial coatings Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Antimicrobial Coatings Market Revenue Share, by Raw Materials (2019 and 2028)
Figure 12. Silver: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Copper: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Titanium Oxide: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Others: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Antimicrobial Coatings Market Revenue Share, by Application (2019 and 2028)
Figure 17. Medical: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. HVAC: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Mold Remediation: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Building and Construction: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Food and Beverages: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Others: Antimicrobial Coatings Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. North America: Antimicrobial Coatings Market, by Key Country – Revenue (2019) (USD Million)
Figure 24. North America: Antimicrobial Coatings Market Revenue Share, by Key Country (2019 and 2028)
Figure 25. US: Antimicrobial Coatings Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: Antimicrobial Coatings Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: Antimicrobial Coatings Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in North American Country Markets
- Cupron
- Alistagen Corporation
- AK Coatings Inc.
- Fiberlock
- Microban International Ltd.
- PPG Industries Inc.
- Akzo Nobel N.V.
- DuPont de Nemours, Inc.
- Nano-Care Deutschland AG
- Axalta Coating Systems
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America antimicrobial coatings market.
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