New Product Arrival and Service Enhancements to Thrive the Demand for Antiviral Coating Solutions
18 Sep 2020
Anti-viral coatings have introduced significant performance advantages over traditional coatings. Other than being effective for medium to long run, its cost efficiency has played a major role in widespread of its benefits. Additionally, the integration of nanotechnology in antiviral coatings has paved the way for a number of research & development projects as well as commercialization.
Antiviral coatings have been increasingly utilized in the past few months. For a fact, it is amongst the technologies that have gained high significance in the current situation for its preventative and functional qualities. Owing to the rising demand, the market players started focusing on researches and works toward making the antiviral coating solutions more effective and advantageous. In addition to this, the frontrunners as well as start-ups are stepping to adopt new strategies including new product launches and product developments to be competitive in the industry. Moreover, the industry is witnessing a number of activities. Here are some of the latest happenings in the market.
Anti-viral coating development and service expansions are flourishing the field-
As the demand for antiviral coatings is rising the industries are directing towards developing more efficient and effective solutions along with expanding their services. Recently, an Indian technology startup Muse Nanobots has unveiled its latest nanotech coating solution for textiles. Furthermore, the solution has been authenticated by the US lab under International Standards.
With this, the company is also taking initiatives to install the nanocoating machines at partner locations in nearly 15 Indian textile companies. In addition, the textile companies can also utilize the coating facility at Bengaluru, India, for preserving their fabrics with antiviral coating. Moreover, the startup also strategizes to inaugurate three new facilities in different cities to meet the rising demand for antiviral coating.
Apart from this, antiviral coatings have a variety of applications in a number of industries. And, therefore, various sectors are highly investing to develop the latest antiviral coating based solutions. With this, various companies are coming forwards with their new solutions.
New products launches are on the way to enhance hygiene-
The whole world has been introduced to new norms in the recent period. And, hygiene maintenance is the major amongst it. Taking an account on it, a flooring manufacturing company has recently launched its antiviral range of flooring solutions. The anti-viral coated range contains a special coating of silver ion and titanium oxide which restrain the growth as well as the formation of the virus. In addition, along with antiviral, the solution shows antifungal, antibacterial, and antimicrobial properties as well.
Antiviral coatings are significantly getting influence in various research fields. Owing to this, its adoption is anticipated to steadily grow in the coming years. As per a report published by Allied Market Research, the global anti-viral coatings market is anticipated to garner $1.3 billion by 2027. Growing demand for antiviral coatings during the pandemic and rise in applications in the medical industry are the two major reasons that are augmenting the growth of the market. In addition, the need of preventing the spread of the virus is further fueling the growth.
Other than this, the demand from indoor air/HVAC applications is positively driving the growth of the industry. On the other hand, the increasing hygienic and requirement of hygiene effective products, in turn, have resulted in increased investments in research and development practices. The strategies followed by the key market players along with introducing new and innovative product launches and business expansions, on the other hand, are fostering the industry. Nevertheless, the advancement in the industry and surge in investment from the market player for novel projects are anticipated to create a plethora of opportunities for the industry in the coming period.
Chief editor of review team at FinancesOnline
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.