Transparency Market Research has published a new research report titled “Nanocoatings Market : Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” to their report store.
Albany, NY -- (SBWIRE) -- 07/21/2016 -- Carbon nanotubes, quantum dots, nanogold, and nanosilver are various types of nanomaterials used in nanocoating. The new technology of nanocoating is becoming increasingly popular, as it enhances the features of any object by increasing its durability, making it corrosion-free and streak-free, and providing it gloss retention, and UV and chemical resistance. It is being used in several sectors such as anti-fingerprint sealed stainless steel, automobiles, displays, medical and healthcare, protection of ships, airplanes, as an easy-to-clean coating for facades and walls, and sanitary facilities. The credit for making modern modern phones waterproof also goes to the nanocoating technology, which is becoming increasingly common in the global consumer electronics industry.
According to Transparency Market Research, the rapid expected increase in valuation from US$1.4 bn in 2012 to US$6.7 bn in 2019 indicates healthy growth for the global nanocoating market. This represents a sturdy CAGR of 24.70% between 2013 and 2019.
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Which are the major end users of nanocoatings?
Nanocoatings edge over traditional coatings due to their lower VOC content. Accounting for 29.60% of the global market, anti-microbial nanocoatings held the largest share in the market in 2012. Anti-microbial and anti-fouling nanocoatings are the best suited for pharmaceuticals, as they protect the product from external agents and thus retain their medical properties.
Antimicrobial nanocoatings can also be used in the automotive industry. Anti – fouling and easy – to – clean type nanocoatings form a great add on to the automobiles as it can enhance their durability, thus reducing the maintenance costs. The chemical and UV resistant coating prevents wear and tear in machine parts, and provides greater toughness than traditional coating.
Which are the major regional segments of the global nanocoatings market?
Based on geography, the global nanocoatings market is categorized into Europe, Asia Pacific, North America, and Rest of the World. With a share of more than 40% and an ever-increasing demand from the healthcare sector, North America dominated the global market in 2012. Propelled by the increasing demand for nanocoatings from the automotive industry and the economic boost provided by the rapid development of the emerging economies in the region, Asia Pacific is expected to be the fastest developing regional segment of the global nanocoatings market, with an excellent CAGR of 25.80% expected from 2013 to 2019, according to Transparency Market Research.
The Masdar Institute in Abu Dhabi, UAE, recently announced a partnership with Borouge, an Abu Dhabi-based polymer company, and now has genuine claims to being able to lead the UAE in the international plastic industry, uplifting the Rest of the World market in the nanocoating market hierarchy. These developments in the area of nanocoating clearly show that the world is shifting towards nanocoatings as a standard mechanism rather than a novelty.
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Which is the major application of nanocoatings?
By application, the nanocoatings market is divided into the automotive, electronics, building and construction, energy, food manufacturing, healthcare, marine, water treatment, medical, and packaging industries. With a share of 14% in 2012, the healthcare and medical segment leads the market in terms of demand and is expected to retain the position till 2019.
The research by Transparency Market Research illustrates a competitive market with numerous companies such as Bio-Gate AG, Buhler PARTEC GmbH, Cima NanoTech Inc., Eikos Inc.,P2i Ltd., Integran Technologies Inc., Inframat Corporation, Nanofilm Ltd., Nanogate AG, Nanovere Technologies LLC, and Nanophase Technologies Corporation competing claiming significant shares.
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