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The biggest market is accounted for by smart antibacterials used for hospital/clinic internal surfaces, which the n-tech forecasts suggest will account for $408 million in 2025
RICHMOND, VA, December 10, 2020 /24-7PressRelease/ -- Industry analyst firm, n-tech Research has just issued a new research report titled, Smart Antibacterial and Antiviral Markets, 2020 that sees the market for these materials to reach $1.3 billion by the year 2025. Acknowledging that COVID-19 has propelled the market for antimicrobials of all types over the past year, this n-tech study takes a look at business potential for smart materials with antimicrobial functionality in a world in which the COVID-19 vaccines will begin wide implementation in 2021
Details about the report including a detailed table of contents and excerpt are available at https://www.ntechresearch.com/market-reports/smart-antibacterial-materials/
About the Report
This report both forecasts these markets and looks at the potential for investment and supply chain dominance by large multinationals such as DSM and AkzoNobel. It also discusses product marketing and R&D strategies, adopted by leading firms in this space, and relevant research conducted at leading universities
The report also discusses the key factors for market success in the smart antivirals/antibacterials space. These include (1) countering the naysayers who believe that there is not sufficient demand for such materials, (2) showing where truly smart antivirals will emerge, (3) and how a flexible marketing/product strategy can ensure profitability in these markets.
The materials that are explicitly covered in the report are nanosilver, copper, hydrogels, chitosan, silanes, sulfates, graphene and carbon nanotubes, AMPS, liquid metals, among many others. It also examines the role of biomaterials and biotechnology in shaping markets for smart antimicrobials/smart viricides. The end-user segments covered in the report comprise both medical industry markets and the use of smart materials for antimicrobial industries and in residential markets.
From the Report
• New smart materials for antimicrobial applications are beginning to enter the market. Once this market was dominated by silver preparations, but by 2029, 30-40 percent of the market will use other chemical formulations. Truly novel options are appearing in this space. For example, DSM Biomedical, offers an antimicrobial coating that self-assembles and is based on hydrophilic technology. In another development McMaster University announced that it had developed a self-cleaning surface that can repel all forms of bacteria, preventing the transfer of antibiotic-resistant superbugs and other dangerous bacteria.
• The many uncertainties in the smart antimicrobial market means that it is advantageous for chemical firms to adopt a common chemical platform that can be rebranded to serve immediate needs. For example, the COVID-19 pandemic has served as an impetus to take existing general antimicrobials and rebrand specifically as anti-COVID coatings. This common platform/flexibility means that suppliers can easily avoid lost revenues when a particular microbe is not a threat anymore. Sometimes rebranding is no more than a marketing ploy. Some antimicrobial textile companies now claim protection against Coronavirus in larger letters on their websites. But in fact they don't offer protection against COVID-19, just against other viruses in the same Coronavirus class.
• By far the biggest market for smart antimicrobials is accounted for by smart antibacterials for hospital/clinic internal surfaces, which the n-tech forecasts suggest will account for $408 million in 2025; more than 30 percent of the entire smart antimicrobial market. These surfaces represent important choices for hospital designers and administrators with regard to surfaces.
n-tech Research is the recognized leader in providing industry analysis and forecasts for emerging technologies and advanced and smart materials. Visit the firm's website at http://www.ntechresearch.com for a full listing of the company's reports and other services. n-tech has been tracking market developments and business dynamics in the antibacterial smart coatings industry since 2015
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