AkzoNobel N.V.(Netherlands), The Sherwin-Williams Company (US), PPG Industries Inc. (US) are Leading Players in the Antimicrobial Coatings Market
The market of antimicrobial coatings is approximated to be USD 4.2 billion in 2022 and it is projected to reach USD 7.0 billion by 2027, at a CAGR of 10.8%.
Antimicrobial coatings are special coatings in which antimicrobial agents are presents that hinder the growth of several microorganisms such as mold, bacteria, mildew, fungi, and others. These coatings are generally applied on the surface of the substrate where they stop the growth of microorganisms by disrupting their metabolic activities.
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Antimicrobial coatings can be used across various applications, including wall paintings of indoor and outdoor walls, surgical instruments & other medical devices, protective clothing, HVAC Systems, and others. It is mainly used in the healthcare and medical sector because these coatings have a tendency to inhibit the growth of microorganisms on substrate surfaces.
The demand for antimicrobial coatings is mainly furnished by global players manufacturing for various end-use industries. Some of the leading companies involved in the manufacturing of antimicrobial coatings are AkzoNobel N.V.(Netherlands), The Sherwin-Williams Company (US), PPG Industries Inc. (US), Nippon Paint Holdings Co. Ltd.(Japan), and AXALTA Coating Systems Ltd. (US). These companies, along with other regional companies, cater to the demand for antimicrobial coatings globally.
AkzoNobel N.V. (Netherlands) AkzoNobel N.V. is involved in the production and selling of paint and coating products. It operates its business in two major segments: Decorative Paints and Performance Coatings. The company has manufacturing facilities and a sales network in more than 150 countries worldwide. The Performance Coatings segment is further sub-segmented into Marine and Protective Coatings, Automotive and Specialty Coatings, Industrial Coatings, and Powder Coatings. The company has a geographic presence in the Asia Pacific, North & South America, Europe, and Middle East Africa.
The Sherwin-Williams Company (US) is involved in developing, producing, and selling of paints, coatings, and other related products to various consumers from several sectors such as industrial, commercial, residential, and retail. The company operates its business through three main divisions: Consumer Brands Group, The Americas Group, and Performance Coatings Group.
PPG Industries Inc.(US) manufactures, sells, and distributes a wide range of paints, coatings, and specialty materials. The company operates its business through two segments: Performance Coatings and Industrial Coatings. The Performance and Industrial Coatings business segments offer several types of coatings and specialty materials for various industries, including building & construction, industrial equipment and components, packaging, aircraft, automotive, and marine. The company has a foothold in the Asia Pacific, US and Canada, Latin America, Europe, and Middle East Africa.
Other companies have initiated the following developments:
- In July 2022, AkzoNobel N. V. has acquired the wheel liquid coating business of Lankwitzer Lackfabrik GmbH. This acquisition will help the company to enhance its economic development in China.
- In June 2022, The Sherwin-Williams Company has acquired a German-based company—Gross & Perthun GmbH. This acquisition has helped the company to increase its competence in innovative industrial coatings, which can be used primarily in the transportation and heavy equipment industries.
- In June 2022, AkzoNobel N. V. has acquired the paints and coatings business of Kansai Paint in South Africa. This transaction includes the Plascon brand, which already has a heritage of more than 100 years in South Africa. Moreover, this also includes the automotive and protective coatings and coatings for wood and coil.
- In October 2021, PPG Industries, Inc. launched VINIMEX® TOTAL under the brand name Comex. It is used to kill 99% of the most common viruses and bacteria, which are responsible for many deadly diseases.
Related Reports:
Antimicrobial Coatings Market by Type (Sliver, Copper, Titanium Dioxide), End-user Industry (Medical & Healthcare, Medical & Healthcare, Building & Construction, Protective Clothing, HVAC System, Transportation), and Region - Global Forecast to 2027
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