The global market for antimicrobial coatings should reach $5.9 billion by 2026 at a compound annual growth rate (CAGR) of 11%.
As has been seen across a wide variety of other industries, COVID-19 reduced global paint and coatings market sales volumes to $167.6 billion in 2020, down 3% from the previous year. Due to the pandemic prompting international lockdowns throughout much of 2020 and even 2021, this has impacted production and shipping conditions, resulting in an uneven global performance and a significant shift in the segment market.