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...