The antimicrobial coatings market is expected to grow close to US$7 billion by 2024, from US$3.6 billion in 2018 at a healthy CAGR around 9% over the forecast period. Antimicrobial coatings are used for protecting surfaces from micro-organisms such as bacteria, parasites, fungi, and germs. These coatings contain an antimicrobial agent that inhibits the ability of microorganisms to grow on the surface of a material.

The coatings are typically applied to walls, door handles, counters, vents, many other surfaces. These can also be sprayed onto gloves, textiles, masks, and carpeting. The antimicrobial coatings market is driven by the expansion of the global medical device coatings market and the increasing application of coatings and additives in plastic packaging. Antibacterial coatings are biocompatible, bio-stable, and non-toxic.

The antimicrobial coatings market has been segmented on the basis of type, industry verticals, and geography.