The global antiviral coating market is expected to surpass the market size of USD 1.3 billion by 2027.
A comprehensive overview of the global Antiviral Coating market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Antiviral Coating market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global Antiviral Coating market at regional and country levels. The global antiviral coating market is expected to surpass the market size of USD 1.3 billion by 2027.
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Market Overview
In the light of COVID-19, when global industry witnessed the ripple effect due to strict measures taken by governments across the globe, the antiviral coating was able to gain market traction. Although antiviral coating was developed as early as the early years of the 21st century however it has not been duly adopted by the coating industry brands. The outbreak of the new virus epidemic in 2020 has triggered the rapid landing of antiviral coating application technology. It is further supported by the increasing consumer awareness and cautiousness on cleanliness and safety. As a result, companies are launching products with antiviral properties. For instance, in 2021, Maglificio Ripa S.p.A., an Italian company that specializes in knitted fabrics, has developed a new generation of antiviral fabrics. As per the company, the fabrics are made with the new Amni Virus-Bac off yarn that guarantees permanent anti-viral action and therefore protection from risks of contamination. Similarly, in the same year, Panasonic India launched a new range of air conditioners equipped with nanoeX technology to inhibit adhered novel coronavirus.
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Global Antiviral Coating market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By technology, the market is primarily divided into:
· Silver-ion
· Copper-ion
· Others
Among these, silver-ion technology held a significant share in the market and is likely to showcase robust growth during the forecast period. Silver-ion has low toxicity and high efficiency & durability owing to which it is used in the coating industries for a long time. Further, both the Environmental Protection Agency and the World Health Organization regard silver as safe, as a result, companies are preferring silver-ion over others in the case of antiviral coatings as well.
Further, the copper-ion is also expected to showcase robust growth during the forecast period as it seems to be an effective and low-cost complementary strategy to help reduce the transmission of several infectious diseases by limiting nosocomial and other areas' infectious transmissions. As a result, companies are launching products with copper-ion technology. For instance, PPG Industries Inc. received U.S. EPA registration for its PPG COPPER ARMOR antimicrobial paint containing Corning Guardiant technology
By end-user, the market is primarily divided into:
· Construction
· Consumer Appliance
· Healthcare
· Textile
· Others
Based on end-user, the market is categorized into construction, consumer appliance, healthcare, textile, and others. Among these, construction industries held a significant share in the market. Large and growing construction activities coupled with the growing demand for antiviral paints among consumers as they have become more mindful of cleanliness and hygiene, especially so for parents with young children created the large market potential for antiviral coating in the construction industry. As a result, several paints & coatings manufacturers have launched products with antiviral characteristics.
Further, the healthcare industry is likely to showcase robust growth during the foreseeable future. As the healthcare industry is focusing on reducing healthcare-associated infections (HAI) and antiviral coating is one of the options to reduce the number of HAI cases.
Global Antiviral Coating Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of World
The Asia Pacific region accounted for a significant share in the global antiviral coating market and is likely to showcase robust growth during the forecast period. Increasing awareness among consumers, the presence of a large number of antiviral coating manufacturers, and the large and growing end-use industries like construction, consumer goods, and textile among others, are offering growth potential to the antiviral coating market. Therefore, with improving consumer spending power, the demand for advanced products like antiviral coatings would also grow. Therefore, players operating in the market are launching antiviral products, especially for the regional market. For instance, in December 2020, Nouryon, a European specialty chemical company, launched Arquad GS, an environmentally friendly antimicrobial and antiviral coating additive for formulating stable and tintable antiviral coatings. The additive was launched first in the Asian market with the plans to bring it to other regions soon.
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· PPG Industries Inc.
· Kansai Nerolac Paints Limited
· Nippon Paint Holdings Co. Ltd.
· Carpoly Chemical Group Co. Ltd.
· Alistagen Corporation
· AkzoNobel N.V.
· Bio-Fence
· GrapheneCA
· Kobe Steel Ltd.
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Antiviral Coating market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global Antiviral Coating market?
· Which factors are influencing the global Antiviral Coating market over the forecast period?
· What are the global challenges, threats, and risks in the global Antiviral Coating market?
· Which factors are propelling and restraining the global Antiviral Coating market?
· What are the demanding global regions of the global Antiviral Coating market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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