Albany, NY -- (SBWIRE) -- 09/28/2017 -- Driven by increased demand from the medical and healthcare as well as automotive sectors, the global nanocoatings market is anticipated to grow at an impressive 24.70% CAGR from 2013 to 2019, states Transparency Market Research in a recent report. The report, titled "Nanocoatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", also predicts that the value of the nanocoatings market is likely to rise from US$1.4 bn in 2012 to US$6.7 bn in 2019.
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Based on product, the nanocoatings market is categorized into anti-microbial, self-cleaning, anti-fouling and easy-to-clean, anti-fingerprint, and others. Accounting for a share of 29.60% in 2012, anti-microbial nanocoatings were the largest product segment owing to large scale application in the food production, healthcare, and water treatment industries. Anti-fingerprint nanocoatings are projected to form the most rapidly growing product segment by the end of 2019.
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Based on application, the nanocoatings market is divided into food manufacturing, marine, electronics, automotive, medical and healthcare, packaging, water treatment, building and construction, energy, and others. Accounting for a 14.0% share in 2012, the healthcare and medical segment dominated the overall nanocoatings market in terms of demand. Given that several types of medical implants and equipment are accented with nanocoatings, this segment is anticipated to retain its lead throughout the forecast period. The automotive sector was the second largest application segment that year, with the electronics and energy sectors projected to be the fastest-developing application segments over the next four years.
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Based on geography, the global nanocoatings market is segmented into Europe, Asia Pacific, North America, and Rest of the World. In 2012, North America dominated the overall market with a share of more than 40.0%. This region is driven by increasing demand from the healthcare and medical industries. Europe is also a major market for nanocoatings owing to strict environmental regulations related to VOCs. Fueled by rising demand for nanocoatings from the electronics and automotive industries, Asia Pacific is anticipated to be the most rapidly developing regional sector during the forecast period, registering a remarkable 25.80% CAGR.
The research report studies the competitive landscape of the global nanocoatings market by identifying the key players operating in the space and reviewing them on the basis of attributes such as business and financial overview, product portfolio, recent developments, and business strategies. The companies profiled in the nanocoatings market report are P2i Ltd., Eikos Inc., Nanofilm Ltd., Buhler PARTEC GmbH, Nanovere Technologies LLC, Inframat Corporation, Nanogate AG, Nanophase Technologies Corporation, Integran Technologies Inc., Bio-Gate AG, and Cima NanoTech Inc.
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