November 09, 2020
According to the research report titled ‘Global Anti-Viral Coatings Market Size study, by Type of Coatings (High-Performance Coatings, Nano Coatings, Others), by Type of Materials (Graphene, Silver, Silicon Dioxide, Copper, Others), by Application (Protective Clothing, Medical, Air & Water Treatment, Packaging, Building & Construction, Others), by Form (Spray, Powder, Liquid, Others) and Regional Forecasts 2020-2027‘, available with Market Study Report, global anti-viral coatings market was valued at USD 0.5 billion in 2019 and is expected to experience a CAGR of 13.3% during 2020-2027.
Availability of variety of material compositions for protection against corrosion and mildew as well as application in air and water purification are influencing global anti-viral coatings industry outlook. Further, increasing demand for anti-viral paints and coatings from industrial, commercial, and residential applications to ensure better quality is contributing to the market growth.
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Main purpose of anti-viral coating is to control the spread of virus from surface and restrict protein formation. Rising prevalence of COVID-19 is boosting demand for the product in order to constrain the pandemic. Also, widespread usage in indoor HVAC applications is creating opportunities for the industry expansion. However, limited research & development activities and insufficient proof of effectiveness against virus are the factors restraining the global anti-viral coatings market growth over the forecast period.
Based on form, worldwide anti-viral coatings market is segmented into spray, liquid, powder, and others. With regards to application scope, the industry is bifurcated into protective clothing, air & water treatment, building & construction, medical, packaging, and others. As per material type, the industry is segmented into silicon dioxide, graphene, copper, silver, and others. Speaking of coating type, the industry is bifurcated into nano coatings, high-performance coatings, and others.
From regional perspective, global anti-viral coatings industry is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America market is experiencing huge gains in recent times, mainly due to presence of leading companies in the region. Meanwhile, Asia Pacific industry is projected to register robust growth rate over 2020-2027, owing to increasing prevalence of COVID-19, and flourishing building & construction sector in emerging countries, such as China and India.
Major players operating in global anti-viral coatings market sphere include Nippon Paint, Bio-Gate AG, EnvisionSQ, NanoGraphene Inc., Dais Analytic Corporation, Nano-Care Deutschland AG, Arkema SA, Kobe Steel Ltd., Hydromer Inc., and Bio-Fence Ltd.