Antimicrobial Furniture Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: CM241015 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the antimicrobial furniture market was valued at USD 4.1 billion in 2022, and a CAGR of 7.1% is expected during the forecast period. With increasing demand for creating a hygienic environment, the need for antimicrobial furniture is increasing rapidly, which does resist against any sort of bacteria, viruses, and protozoa. This type of furniture is used in businesses, schools, public areas, and health institutions. Increasing disposable income and increasing awareness about health and hygiene are driving growth in the market.
With rising awareness of cleanliness and hygiene, the need for the antimicrobial furniture is growing significantly with time. Industries such as hospitality, public transportation, and food are demanding a more hygienic environment. There is a growing trend towards wellness and health-enhancing products, including antimicrobial furniture for home use, that is driving growth in the market. With the global aging population, the demand for healthcare facilities and nursing homes increases.
Growth Drivers
Increasing demand for using zinc oxide, or silver ions, to manufacture this furniture is driving growth in the market significantly. Health and hygiene are top priorities in the market these days. An increase in infection linked to healthcare and increased emphasis on infection control in healthcare are driving growth in the market significantly.
Growing concern for
employee safety and workplace well-being is the key factor behind the
significant growth in the market. Rising awareness about the microbe-free
furniture usage is the key factor behind the significant growth in the market.
Growing healthcare awareness and rising public health awareness expand the
market beyond conventional healthcare use. Technological advancements in
antimicrobial materials are also expanding the market growth rapidly. Advances
in material science, particularly in antimicrobial coatings and fabrics, have
made it easier and more cost-effective to produce furniture with antimicrobial
properties.
In many countries, regulations and guidelines have been
introduced to promote the use of anti-microbial materials in high-risk
environments. Compliance with such standards is driving more institutions to
invest in antimicrobial furniture. Consumers and businesses are increasingly
demanding furniture that serves multiple functions, including hygiene control.
Segmentation
By Type
·
Copper
·
Silver
·
Titanium
By Application
·
Medical and Healthcare
·
Educational Institutes
·
Corporate Institutes
·
Malls and Shopping Complexes
·
Household
Regional Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Middle East and Africa
·
Europe
Antimicrobial Furniture Market by Type
Segmentation
On the basis of type, the antimicrobial furniture market is segmented into copper, silver, and titanium. Silver is the leading segment due to its high efficacy and broad-spectrum antimicrobial properties. Silver ions are highly effective at killing a wide range of microorganisms, including bacteria, fungi, and viruses. This broad-spectrum efficacy makes silver one of the most popular antimicrobial agents used in furniture and other surfaces. Silver-based antimicrobial coatings have a longer-lasting effect compared to other materials.
This makes silver a preferred choice in environments that
require continuous protection, such as hospitals, schools, and public spaces.
While silver is more expensive than some of the other antimicrobial agents, it
is relatively more cost-effective than copper and titanium when considering
both efficacy and durability. This balance between cost and effectiveness has
positioned silver as a leading material in the antimicrobial furniture market.
Silver is easily integrated into various types of furniture materials,
including fabrics, plastics, and metals. Its versatility allows it to be widely
used across different furniture segments. Silver has been extensively tested
and is widely approved by regulatory bodies in the world.
Antimicrobial Furniture Market by
Application Segmentation
On the basis of the application, the antimicrobial furniture market is segmented into medical and healthcare, educational institutes, corporate institutes, malls and shopping complexes, and households. Medical and healthcare is the leading segment due to the rising number of patients suffering due to various chronic diseases. Since the pandemic outbreak, awareness regarding health and hygiene is increasing. The increasing number of chronic disease patients all over the world is driving demand for anti-microbial furniture significantly.
Increasing technological advancements
in the market is one of the key factors behind the significant growth in the
world. The need to ensure better health status of students in schools and the
people inside malls and on other public places is increasing significantly.
This furniture is free from viruses, bacteria’s, and other protozoans, so there
is significant growth expected during the forecast period in the market. With
increasing demand for improving functionality and aesthetics, manufacturers
have always come up with new ideas. Technological advancements are driving
growth in the market significantly.
Regional Outlook
On the basis of the regions, the anti-microbial furniture is segmented into 5 regions: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. North America is the leading segment in the anti-microbial market due to rising awareness about health and hygiene among the people. North American people, especially the people from the United States of America and Canada, are well educated, and due to well-established healthcare infrastructure in these regions, the market is witnessing significant growth.
Asia Pacific is the second fastest-leading segment due to emerging economies like China and India. Rising disposable income and increasing industrialization in the Asia-Pacific region are the key factors behind the market growth. European countries, including Russia, Turkey, England, the Netherlands, and Scandinavia, are witnessing significant growth due to people being more hygienic and well aware of the importance of a healthy environment. Rising healthcare expenditure in Latin America, the Middle East, and Africa is the reason behind moderate growth in the region significantly. High levels of awareness and infection control are the factors significantly required in hospitals, clinics, and nursing homes. Region having well-established healthcare infrastructure demand for antimicrobial furniture as hospitals and medical facilities prioritize patient safety.
Since North America is home to many companies that invest in
research and development for antimicrobial technologies, driving market growth.
Increasing population is the reason behind the booming healthcare sector, which
boosts demand for furniture that helps prevent infection. Increased awareness
post-pandemic is the reason behind significant growth in the market.
Key Players
·
Godrej and Boyce Mfg.
·
Okamura Corporation
·
Inter IKEA Group
·
La-Z-Boy
· Other Players