North America Antimicrobial Coatings Market Size, Share & Trends Analysis Report By Product (Antimicrobial Powder Coatings, Surface Modifications and Coatings), By Application (Sanitary Facilities and Kitchen, Air Conditioning and Ventilation Systems, Food Processing and Packaging, Antimicrobial Textiles, Mold Remediation, Medical Devices, Construction) and By Country(US, Canada) Forecasts, 2022-2030

Market Overview

The North America antimicrobial coatings market size is expected to reach a valuation of USD 12.99 billion by 2030, growing at a CAGR of 14.10% during the forecast period (2022–2030).

 North America is anticipated to be the largest market for these coatings. Antimicrobial coatings are microbe-resistant coatings containing antimicrobial agents that inhibit microbial contamination. They are widely used in the construction, food, and healthcare industries. They are used on doors, glass panels, walls, doors, HVAC tents, and counters, among other things. Antimicrobial coatings are also applied to masks, textiles, gloves, and carpeting. The growing demand for high-quality, quick-response coatings against a wide range of pathogens is expected to drive the antimicrobial coatings market. Moreover, the COVID-19 pandemic has brought to light how critical it is to take measures to avoid the spread of microbial contamination across a variety of different surfaces. As a direct consequence of this, antimicrobial coatings and the benefits that they can provide have gained extensive attention during the COVID-19 pandemic, which has had a positive impact on the market.

Market Dynamics

Drivers

Increasing medical coating demand

A high-income level, an increasing elderly population, and an increasing public awareness of infections caused by inadequate healthcare should all contribute to the expansion of the market. The number of companies that produce medical coatings in North America is relatively high, and these companies are increasingly working together with their counterparts in China and India to help drive growth in the regional market. The strong collaboration between the medical device industries of the United States and Canada may also stimulate the growth of the regional North America antimicrobial coatings market. This may be the case due to the relatively similar quality and safety standards as well as the geographical locations of the two countries.

Antimicrobial paints are in high demand for surface modifications

The effects of extreme environmental changes such as acid rains and heavy snowfall are becoming increasingly evident. It raises the demand for surface paints, which can extend the life of buildings and other infrastructure. The paints also provide an attractive metallic finish to these structures, increasing their demand among end users.

Growing health concerns

Because of growing health concerns, many customers are becoming more interested in antimicrobial and antibacterial wallpapers. Furthermore, the country's construction sector is expanding rapidly, increasing demand for residential space among the millennial population. Antimicrobial coatings can significantly increase the corrosion resistance and lifespan of these structures.

Restraints

Growing concern about environment

A heightened awareness and concern for the environment in North America has had a negative impact on zinc and copper production. Mining operations, particularly those on a smaller scale, have been forced to shut down as a direct result of the rising costs associated with complying with environmental regulations in the country. This is likely to have an effect on raw material prices and the overall cost of antimicrobial coatings, slowing market growth.

Antimicrobial coatings, on the other hand, present a number of dangers, including the emission of active ingredients and the release of toxic contaminants into the ecosystem, amongst other things. Antimicrobial coatings have a tendency to release active agents, which then slowly enter the eco-system, which leads to health hazards in turn. Furthermore, antimicrobial coatings based on silver, zinc, and copper tend to emit toxins that are harmful to marine life such as fish and crustaceans. The release of active nano ingredients and the slow infusion associated with the use of antimicrobial coatings raises the risk of the development of adaptive microbes and drug-resistant bacteria.

Regional Analysis

The regions under North America are U.S., Canada & Mexico. And we saw U.S. topping the list in every aspect.

It is likely that during the period of the forecast, rising demand for minimally invasive surgeries, the availability of innovative implant devices, and the presence of modern healthcare infrastructure will be among the favourable growth factors in the United States.

It is anticipated that by the year 2030, the United States will hold the lion's share of the market for antimicrobial coatings in North America, and it will be one of the region's most rapidly expanding markets. Due to the availability of well-developed healthcare infrastructure as well as reimbursement coverage in the country, there is expected to be a high demand for advanced healthcare services, which in turn is expected to drive demand for medical devices, which in turn is expected to boost demand for antimicrobial coatings over the course of the forecast period.

Segmental Analysis

The market for anti-microbial coatings is broken down into distinct submarkets based on the various types of coatings and the applications for those coatings. Based on the types, the market has been further classified into silver, copper, titanium dioxide, and others. In 2019, the silver segment dominated the North America antimicrobial coatings market.

By application, the market is divided into medical & healthcare, HVAC, mould remediation, food & beverage, protective clothing, building & construction, and others (air & water treatment, transportation). Mould remediation is expected to be the fastest growing segment during the forecast period.

Impact of covid-19

Recent Developments

• April 2022, Cupron Inc., which is based in Henrico County, is seeing increased interest in their antimicrobial technology as a result of the COVID-19 pandemic.
• April 2022, Axalta’s Spies Hecker® full-waterborne repair system and its Digital Paint coating technology for high-resolution images win Bronze.
• May 2022, the microbiology team at Microban International was recently interviewed for an article that appeared in Innovation in Textiles Magazine. In the article, they discussed and explained their recently developed system for testing the efficacy of odor-reduction treatments in athletic apparel. The article featured Microban International.