Expanding Role in the Field of Surface Protection Supported by Continuous Technology Innovations to Spur Opportunities for the Growth of Nanocoatings
The global market for Nanocoatings
is projected to reach US$16.5 billion by 2024, driven by the convergence of molecular
science and nanotechnology and the ensuing expanding role played by
nanocoatings in the vital field of surface protection.
The coatings
industry has always been characterized by the need to develop products that
offer in addition to aesthetic and decorative appeal, functional performance
features, such as, better strength, flexibility, transparency, gloss and
protection of coated surfaces. In a bid to add new functionalities and
capabilities to meet high performance standards, coating manufacturers are
increasingly exploring new technologies that can offer desired results and help
them expand market share and gain competitive advantage. Nanotechnology in this
regard promises to offer coating manufacturers the opportunity and the ability
to develop coatings with numerous cutting edge functional properties. Use of
nanomaterials in the production of coatings has led to the emergence of
Nanocoatings, which feature superior functional properties as compared to
traditional coatings. Given the fact that material properties such as melting
point, fluorescence, electrical conductivity, magnetic permeability and
chemical reactivity dynamically change for the better at the nanoscale,
Nanocoatings bring superior anti-microbial, easy-to-clean, anti-fouling, anti-fingerprint,
self-cleaning, anti-abrasion/scratch, anti-corrosion and other functional
capabilities to coatings.
Capable of being
deposited onto various substrate materials including metals, glass, textiles,
ceramics, and plastics, among others, Nanocoatings are already finding
significant demand in markets such as automotive, energy, water treatment
equipment, electronics, medical device, food manufacturing, packaging,
construction, building exterior and interior household surface protection,
marine, aerospace, military/defense equipment, and industrial engineering
applications etc. In addition to performance advantages, Nanocoatings are also
environment friendly as they are typically associated with low VOC than
conventional coatings. The growing demand for eco-friendly coatings driven by
stringent environmental protection regulations and guidelines will therefore
drive widespread opportunities for Nanocoatings. The healthcare industry represents one of the
largest revenue contributors in the market led by the strong demand for
superior quality medical devices and the need to improve sanitation in hospital
premises and reduce cross-infections. Aging population, growing emphasis on
reduced hospital stays, and increasing awareness over the benefits of nanocoated
medical devices are other factors driving demand in the medical devices market.
Demand is especially strong for Antimicrobial Nanocoatings for use on hospital
walls, medical devices, operation tables, and door knobs. Nanocoatings are
gaining increasing acceptance as ultra-hard porous coatings for orthopedic and
surgical implants such as screws, joint implants, and plates.
As stated by the
new market research report on Nanocoatings, the United States represents the largest
regional market worldwide, followed by Europe. However, Asia-Pacific region,
driven by fast growing markets such China and India, is forecast to emerge as
the fastest growing market with a CAGR of 31.2% over the analysis period. High
growth in the construction market, with implementation of latest technologies,
is propelling the market. By application Anti-Microbial Nanocoatings represent the largest market, while Anti-Fingerprint Nanocoatings, driven by widespread applications, are
forecast to witness the highest growth opportunities.
Major players in
the market include ACTnano, Inc., albert rechtenbacher GmbH, Bio-Gate AG,
Bühler Holding AG, CG2 Nanocoatings Inc., Cleancorp GmbH, Ecology Coatings,
Inc., Eikos, Inc., Green Earth Nano Science, Inc., Inframat Corporation,
Integran Technologies Inc., NANOBIZ.PL Ltd., Nano-Care Deutschland AG,
Nanofilm, Nanogate AG, NanoMate Technology, Inc., Nanophase Technologies
Corporation, nanopool® GmbH, Nanosol AG, Nanovere Technologies, LLC, P2i Ltd. ,
Surfactis Technologies SAS, and Tesla NanoCoatings, Inc. among others.
The
research report titled "Nanocoatings
Equipment - Market Analysis, Trends, and Forecasts" announced by Global Industry Analysts Inc., provides a comprehensive
review of market trends, growth drivers, innovations and launches, and
strategic industry activities various players. The report provides market
estimates and projections in in US$ Million for Nanocoatings for major
geographic markets such as US, Japan, Europe (France, Germany, UK, and Rest of
Europe), Asia-Pacific (China, and Rest of Asia-Pacific), and Rest of World. In
addition, the report provides estimates for Anti-Fingerprint, Anti-Fouling, Anti-Microbial,
Self-Cleaning, and Easy to clean applications.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
For cutting edge analyst
reviews on top industries
Comments
Post a Comment