The global antimicrobial powder coatings market size was valued at USD 1,637.2 million in 2021 and is poised to grow at a significant CAGR of 11.3% during the forecast period  2022-2028. Antimicrobial coatings are predicted to have increased demand due to their high strength, corrosion resistance, durability, aesthetics, and ease of application. Consumer knowledge of the adverse effects of mold, particularly in damp locations, and shifting attitudes about aesthetic features in the building, may boost market demand. The high cost of goods is a significant growth constraint. Antimicrobial coatings are more expensive than regular coating products. Consumer preferences in underdeveloped countries are primarily determined by product pricing. Furthermore, the market's expansion is being hampered by the need for specialized workers to apply antimicrobial coatings.

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The global antimicrobial powder coatings market segmentation:

1) By Type: Inorganic, Organic and Natural.

2) By End-User Industry: Healthcare, Textiles, Electrical and Electronics, Food & Beverages, Building & Construction, and Others.

Silver-Based Antimicrobial Coatings Segment Dominates the Antimicrobial Powder Coatings Market
The silver-based antimicrobial coatings segment is predicted to be the largest antimicrobial coatings market by type. Because of its outstanding efficacy, low toxicity, long-lasting effect, and durability, silver has a leading market position. The growth in demand can be attributed to growing order from the medical and healthcare, food and beverage, and other industrial sectors to ensure worker safety and hygiene and prevent the transmission of COVID-19 virus, bacteria, and other pathogens regularly touched surfaces.

North America Leads Antimicrobial Powder Coatings Market
North America is likely to witness growth at a CAGR of over XX% by the end of 2026, owing to increasing demand for high-quality home mold remediation solutions. Tough winter climatic conditions in North America and increasing concerns about reducing dampness and mold in homes, are likely to boost product demand. These products limit the growth of mold even in snowy and moisture-laden conditions. Asia Pacific ranks second in terms of CAGR after North America. The robust manufacturing base of the packaging products industry in China, Japan, and India, coupled with increased sales of e-commerce and packed food products, is anticipated to augment the market growth shortly. Furthermore, the government of India's favourable policies, such as Foreign Direct Investment (FDI) and Make in India program, are likely to provide sufficient growth prospects for the worldwide antimicrobial powder coatings market.

Global antimicrobial powder coatings market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In November 2021, DuPont announced a series of actions advancing its strategy as a premier multi-industrial company focused on market-leading high-growth, high-margin businesses with complementary technology and financial characteristics. In April 2020, Diamond Vogel introduces Diamond Fleet®, a two-component single stage topcoat designed for OEM fleet and fleet refinish applications. Diamond Fleet is an acrylic polyester urethane that exhibits exceptional urethane toughness, extended gloss and color retention, and excellent chemical and abrasion resistance. Diamond Fleet takes advantage of Diamond Vogel’s new color intermix capabilities providing customers with unlimited color possibilities.

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Key players in the antimicrobial powder coatings market report are AkzoNobel, The Sherwin-Williams Company, Axalta Coating Systems, PPG Industries, Nippon Paint Holdings, DuPont de Nemours, Diamond Vogel Paints.

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