Market Size of Antiviral Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 14.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Antiviral Coatings Market Analysis
The global antiviral coatings market is projected to register a CAGR of more than 14% during the forecast period.
- COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- High demand from the construction sector and the increasing development of antiviral coating products are expected to drive the market. The high cost of raw materials and the high cost of applying antiviral coatings are expected to hinder the market's growth.
- The Asia-Pacific region dominates the global market, with the largest consumption from countries such as China, India, and Japan.
Antiviral Coatings Industry Segmentation
Antiviral coatings are a subset of antimicrobial coatings. Some of the key applications of antiviral coatings include the treatment of walls and floors and the protection of furnishings. These coatings help reduce viral loads at different places such as gyms, nursing homes, hospitals, and other public places.
The antiviral coatings market is segmented by material, application, and geography. By material, the market is segmented into copper, graphene, silver, and other materials. By application, the market is segmented into construction, home appliances, healthcare, textiles and apparel, and other applications. The report also covers the market size and forecasts for antiviral coatings in 15 countries across major regions.
For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Material | |
| Copper | |
| Graphene | |
| Silver | |
| Other Material Types |
| Application | |
| Construction | |
| Home Appliances | |
| Healthcare | |
| Textiles and Apparel | |
| Other Applications |
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Antiviral Coatings Market Size Summary
The antiviral coatings market is poised for significant growth, driven by increasing demand from the construction sector and advancements in product development. Despite the initial setback due to the COVID-19 pandemic, the market rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The construction industry plays a crucial role in this growth, as antiviral coatings are extensively used to sanitize surfaces in buildings. Innovations such as organosilanes and quaternary ammonium compounds are enhancing the effectiveness of these coatings, making them integral to maintaining hygiene in high-traffic areas. However, the market faces challenges due to the high costs associated with raw materials and application processes, which could potentially impede growth.
The Asia-Pacific region is a dominant force in the global antiviral coatings market, with countries like China, India, and Japan leading in consumption. The region's growth is fueled by expanding industries such as healthcare, construction, and textiles. Notable developments include the introduction of new antiviral paint products by Nippon Holdings and Kansai Nerolac Paints Ltd., which are contributing to market expansion. The construction boom in China and India, along with government initiatives in Taiwan, further bolster the demand for antiviral coatings. The market remains fragmented, with key players like BioFence, Graphene CA, and Arkema driving innovation and competition.
Antiviral Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 High Demand from the Construction Sector
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 High Cost of Applying Antiviral Coatings
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Material
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2.1.1 Copper
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2.1.2 Graphene
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2.1.3 Silver
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2.1.4 Other Material Types
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2.2 Application
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2.2.1 Construction
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2.2.2 Home Appliances
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2.2.3 Healthcare
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2.2.4 Textiles and Apparel
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2.2.5 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Antiviral Coatings Market Size FAQs
What is the current Antiviral Coatings Market size?
The Antiviral Coatings Market is projected to register a CAGR of greater than 14% during the forecast period (2024-2029)
Who are the key players in Antiviral Coatings Market?
GrapheneCA, BioFence, Nippon Paint Holdings Co., Ltd., Nano-Care Deutschland AG and Arkema are the major companies operating in the Antiviral Coatings Market.
