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.

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