Market Definition
The microbe growth on regular surfaces doubles every 20 minutes and often results in bad odors, staining, & product degradation. Once microbes have started growing on the surface, it requires constant cleaning to control microbe growth. However, frequent cleaning is not possible and can reduce the product lifespan. This aids the demand for antimicrobial coatings that comprise ingredients to make them effective against fungal & bacterial growth and, in turn, protect the surface from any damage.
Market insights
The Middle East & Africa Antimicrobial Coatings Market is anticipated to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26. The prime factors driving the market include the rapidly expanding healthcare & food & beverage industries and the increasing production of medical equipment in the Middle East & Africa. These aspects are leading to the continuous demand for antimicrobial coatings around the region. Besides, HVAC industries have also observed a decent accession in the market share due to the adoption of technologies, such as clean & germ-free cool air coming out of air conditioners.
Moreover, antimicrobial coatings can be applied to glass panels, doors, walls, & HVAC systems and sprayed onto textiles and carpets. The snowballing demand for high-quality coatings with quick response time to fight against pathogens is another crucial aspect projected to drive the market during the forecast period.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 8% |
| Countries Covered | UAE, Saudi Arabia, South Africa, Qatar, Oman, Nigeria, Algeria, Moroccoo |
| Key Companies Profiled | AkzoNobel, Nippon Paint Dow Chemical, BASF SE, Lonza Group, Axalta Coating Systems, Diamond Vogel, Sherwin-Williams, RPM International Inc., Royal DSM |
| Unit Denominations | USD Million/Billion |
Impact of Covid-19 on the Middle East & Africa Antimicrobial Coatings Market
Market Segmentation
By Type:
The demand for antimicrobial coatings during 2016-19 has been decently increasing, and since 2020, especially after the Covid-19 pandemic, it has surged significantly. The silver, copper, titanium oxide antimicrobial coatings have, altogether, generated a significant market share in the Middle East & Africa region. The application of silver & copper coatings in the food & beverage industry & HVAC products, and other types in the textiles industry has been propelling the growth in market revenues remarkably.
The silver antimicrobial coatings have been majorly acquiring market share in the healthcare & medical sector, in line with the fact that silver has been reckoned since ages for its medicinal purposes. Due to the highly reactive nature of silver, its use in antimicrobial coatings is high. Moreover, it has been used in cosmetic products as well.
By Application:
The medical & healthcare sector has been one of the largest end-users for antimicrobial coatings in the Middle East & Africa. A large population in Sub-Saharan Africa loses life due to various communicable diseases, and thus the requirement for antimicrobial coatings in hospitals, clinics, etc., is increasing. Medical devices play a crucial role in the healthcare industry. The application of antimicrobial coatings on medical devices prevents the spread of infections through them.
The sector cited above has provided numerous different applications of antimicrobial coatings. These include building walls, all types of medical equipment, etc., thereby indicating the continuously growing demand. For the future period, i.e., 2021-26, the market is estimated to surge significantly due to the increasing implementation of antimicrobial coatings in the medical & healthcare sector.
Key Trends in the Middle East & Africa Antimicrobial Coatings Market
Country Landscape
Of them all, Saudi Arabia captured the largest market share during 2016-2020, owing to the factors like the rise in healthcare infrastructure in the country and innovations in antimicrobial coatings & their uses in HVAC products, transport vehicles, etc. In 2021, the Saudi government announced to invest USD 66 billion in healthcare infrastructure by 2030.
This explains the upsurge in future demand for antimicrobial coatings across the country’s healthcare sector with the construction of new hospitals and increasing demand for medical devices & other equipment. The market is expected to grow astronomically across the country during 2021-2026 on account of the surge in healthcare infrastructures after the Covid-19 pandemic.
Market Dynamics:
Key Drivers
Mounting Demand for Medical Devices in the Middle East & Africa to Drive Antimicrobial Coatings Market
The growing number of healthcare infrastructures across the Middle East & Africa is fueling the need for more medical devices, which, in turn, is surging the demand for antimicrobial coatings to suppress the spread of infection through these devices. In addition, with the Covid-19 pandemic in 2020, which can spread through contact with surfaces, the adoption of antimicrobial coatings further accelerated significantly. Further, burgeoning cases of healthcare-associated infections (HCAIs) is also propelling the need for antimicrobial-coated medical devices and fueling the overall market growth through 2026.
Growth Challenges
Competitive Landscape
According to MarkNtel Advisors, the major leading players in the Middle East & Africa Antimicrobial Coatings Market are AkzoNobel, Nippon Paint Dow Chemical, BASF SE, Lonza Group, Axalta Coating Systems, Diamond Vogel, Sherwin-Williams, RPM International Inc., Royal DSM.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. The Middle East & Africa Antimicrobial Coatings Market is forecast to grow at a CAGR of around 8% during 2021-26.
A. The Medical & Healthcare sector holds the largest share of the Middle East & Africa Antimicrobial Coatings Market and is projected to create lucrative growth opportunities for the leading market players in the coming years.
A. Increasing demand for antimicrobial coatings from several end-user industries owing to their safety & hygiene features is the key factor driving the Middle East & Africa Antimicrobial Coatings Market during 2021-26.
A. In the coming years, the Middle East & Africa Antimicrobial Coatings Market shall witness remunerative growth opportunities owing to increasing adoption of antimicrobial coatings in the healthcare industry, especially for medical devices to reduce the spread of infection.
