As per the report, the global anti-viral coatings market was over $0.5 billion in 2019, and is projected to cross $1.3 billion by 2027, witnessing a CAGR of 13.3% from 2020 to 2027. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-pacific is expected to grow at the highest CAGR of 13.4% from 2020 to 2027.
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By application, the medical segment is expected to register the highest CAGR of 13.8% during the forecast period. Moreover, the segment held the largest share in 2019, contributing to more than one-third of the global anti-viral coatings market, owing to wide use in medical products, surfaces, door handles, and devices that require regular cleaning and disinfection purposes.
By type of coatings, the high-performance coatings segment held the largest share in 20219, accounting for nearly half of the global anti-viral coatings market, owing to its wide use. However, the nano-coating segment is expected to register the highest CAGR of 13.7% from 2020 to 2027, due to ease of incorporating nanoparticles into the coating material.
Rise in demand for protective clothing amidst pandemic and increase in application in the medical industry drive the growth of the global anti-viral coatings market. However, lack of R&D activities hampers the market growth. On the contrary, surge in investment from market players and government is expected to create lucrative opportunities for the market players in the future.
Based on type of material, the silver segment accounted for the largest share in 2019, holding more than one-third of the total share, and is expected to maintain the largest share throughout the forecast period. In addition, it is expected to register the highest CAGR of 13.7% from 2020 to 2027. The research also analyzes segments including graphene, silicon dioxide, copper, and others.
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Leading market players analyzed in the research include Dais Corporation, Arkema, Kobe Steel, Ltd., Hydromer, Nippon Paints, Nano Care Deutschland AG, Bio-Fence, EnvisionSQ, GrapheneCA, and Bio-Gate AG.
- Anti-viral coatings manufacturing companies have been affected to a larger extent due to disrupted supply of raw materials such as silver, copper, and graphene during the Covid-19 pandemic.
- The demand for anti-viral coatings have been surged during the Covid-19 pandemic as many day-to-day surface contacts may lead to transmissions. If the surfaces are treated with anti-viral coatings, it reduces the probability of transmission.
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- By Application
- Protective Clothing
- Air & Water Treatment
- Building & Construction
- By Type Of Coatings
- High-Performance Coatings
- Nano Coatings
- High Performance Ceramic Coatings Market
- Nanocoatings Market
- Graphene Market
- Protective Clothing Market
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