Asia Pacific Antimicrobial Coatings Market Size & Outlook
Asia Pacific antimicrobial coatings market, 2018-2030 (US$M)
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Asia Pacific antimicrobial coatings market highlights
- The Asia Pacific antimicrobial coatings market generated a revenue of USD 2,884.3 million in 2023.
- The market is expected to grow at a CAGR of 14.2% from 2024 to 2030.
- In terms of segment, surface modifications and coatings was the largest revenue generating product in 2023.
- Antimicrobial Powder Coatings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,884.3 million |
| Market revenue in 2030 | USD 7,305.2 million |
| Growth rate | 14.2% (CAGR from 2023 to 2030) |
| Largest segment | Surface modifications and coatings |
| Fastest growing segment | Antimicrobial Powder Coatings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Antimicrobial Powder Coatings, Surface modifications and coatings |
| Key market players worldwide | Akzo Nobel NV, Lonza Group Ltd, DuPont de Nemours Inc, Axalta Coating Systems Ltd, Nippon Paint Holdings Co Ltd, PPG Industries Inc, RPM International Inc, Koninklijke DSM NV, Sherwin-Williams Co, Troy Minerals Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.3% of the global antimicrobial coatings market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 13,386.4 million by 2030.
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Antimicrobial Coatings Market Scope
Antimicrobial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific antimicrobial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to antimicrobial coatings market will help companies and investors design strategic landscapes.
Surface modifications and coatings was the largest segment with a revenue share of 54.44% in 2023. Horizon Databook has segmented the Asia Pacific antimicrobial coatings market based on antimicrobial powder coatings, surface modifications and coatings covering the revenue growth of each sub-segment from 2018 to 2030.
As Asia Pacific is witnessing rapid industrialization and urbanization, it surges the demand for antimicrobial coatings in the region for use in various industries. The healthcare industry, in particular, is driving the demand for these coatings owing to the surging focus in the region on infection control and patient safety.
According to the India Brand Equity Foundation, the pharmaceuticals industry in the country supplies over 50% of different vaccines consumed globally, making it the third-largest producer of pharmaceuticals in the world. Additionally, the flourishing food processing and packaging industries in countries such as China and India contribute to the demand for antimicrobial coatings in Asia Pacific.
In India, the presence of a conducive environment for foreign direct investments (FDIs) and the conduct of initiatives, such as Make in India by the government of India, are expected to create ample growth opportunities for food processing and healthcare industries. This, in turn, is anticipated to contribute to the consumption of antimicrobial coatings in these industries in the country in the coming years.
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Our clientele includes a mix of antimicrobial coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific antimicrobial coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific antimicrobial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific antimicrobial coatings market size, by country, 2018-2030 (US$M)
Asia Pacific Antimicrobial Coatings Market Outlook Share, 2023 & 2030 (US$M)
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