Study Predicts Growth in Market for Smart Coatings that Fight Bacteria and Viruses
GLEN ALLEN, VA — Industry analyst firm n-tech Research has issued a new research report, Smart Antibacterial and Antiviral Markets, 2020. In the study, the firm projects that the market for smart antibacterial and antiviral products will reach $1.3 billion by 2025, driven by efforts to combat COVID-19 and provide safer workplace, healthcare and improved public health. Industry analyst n-tech Research predicts that end users will now buy more antimicrobial coatings and surfaces to prevent the spread of pathogens. While many of the developments in this area are at their earliest stages, this report also looks at the potential for investment and supply chain dominance by large multinationals such as DSM and AkzoNobel.
N-tech Research has been tracking market developments and business dynamics in antibacterial smart coatings and surfaces sector since 2014. The firm’s latest report identifies the key opportunities emerging for smart materials and smart surfaces that target both antibacterial and antiviral markets. COVID-19’s impact on consumers and industries has been far reaching and is shaping the opportunities in this sector.