322-Washington,America - 23
Emergency Call- 24/7 support
Home » Chemicals » Speciality Chemicals » CSP-4321216
* For discount/customization and buying a particular chapter click here or write to us at firstname.lastname@example.org
The Global Nano Coating Market is estimated to reach $14219.05 million by 2022 with the CAGR of 24.68% during 2016-2022. Increasing inclination for innovative and advanced materials in the automotive and medical industry has seen as a propelling factor in nanotechnology. R&D is projected to influence the growth of global nanocoating market. Nano coating materials are produced by dwindling raw materials which produce a denser product that is to be measured on nano-scale. Lower VOCs (volatile organic contents) content, are more preferable as compared to traditional coatings. Nano coatings contains some important features such as chemical resistance, scratch, low maintenance, UV, anti-corrosion, and gloss & color retention etc. Nano coating also protect the surface the painted surface from damage which is affected by outer factors include acid rain, UV. Nanocoatings market contains nanotechnology advanced coatings which retain important properties involving hardness, lubricity, ductility and transparency as compared to other conservative polymer coatings. Nano coating is used in various applications in automotive industry such as water repellent, anti-fog technique (available for glass and plastics), polishes, cleaning and protect the car paint, etc. which provide permanent and invisible thin surface effect. The global automotive industries is the largest sector for anti-microbial nanocoatings and it is anticipated to register substantial growth in future. In the world around 73.9 million vehicles passenger cars were sold in 2015. The global production of cars is accounted at approx. 68.56 million vehicles and production of commercial vehicles are 22.12 million vehicles in 2015. However, instability in prices of raw materials and health hazards are the factors which hinders the growth of the market. Rigorous government regulation is the major challenge that the global nano coating market is facing in the present scenario.
Global nano coating market is segregated on the basis of application which includes automotive, electronics, medical & healthcare, food & packaging, building & construction, aviation & aerospace and others (cosmetics, agriculture and textile). Nano coating is used in aerospace and aviation industry for protecting the structure and surfaces of aircraft from harsh environment. Increasing requirement for resistance to extreme climate, extreme temperature and corrosion have resulted in increasing the demand of more reliable coatings. A large number of aerospace companies such as Boeing, Airbus, United technologies corporation are using nano coating in aircrafts for aircraft frames, interiors, component surfaces and engine parts that include various properties such as improved hardness, improvement in fuel efficiency and improved thermal performance . On the basis of product global Nano coating market is classified into anti-microbial, anti-finger print, self-cleaning (bionic and photo catalytic), easy-to-clean & anti-fouling and others. In 2015, Self-cleaning segment held the major share of approx. 30% in the Nano coatings market and it is estimated the largest growing segment by 2022. The Easy to clean & anti-fouling nano coatings is the second largest dominating segment in the nanocoatings market which is projected to grow in forecast period. Anti-fingerprint coatings is very popular in automotive and electronics applications, is projected to witness the highest growth rate in this segment in near future.
Geographically, global nano coating market is segmented by North America, Asia Pacific, Europe, Latin America and ROW. North America is dominating with around 40 % of the global nano coating market which is followed by Asia Pacific and Europe. The growth of nano coating market in North America is backed by increasing need of healthcare application such as surgical tools, therapeutic, diagnostic equipment and other medical devices. Asia Pacific is the second highest growing region in nano coating market which is backed by increasing nano coating applications in healthcare industry. The global healthcare industry is expected to grow with the CAGR of 16.5 % during 2016- 2022. The total industry size is expected to reach up to $160 billion by 2017 and $280 billion by 2022. This ultimately fuel the growth of the global nano coatings market in this region. Growing demand of nano coating in emerging economies such as China, India, Japan and Korea are estimated to grow continuously in near future.
There are some major players in the global nano coatings market such as Nanophase technologies corporation, Buhler AG, Bio-Gate AG, Nanogate AG, ADMAT Innovations, Surfix BV Advanced Nano coatings, Nanomech Inc, EIKOS Inc, CIMA Nanotech, Telsa Nano coatings Inc, CG2 Nano coatings and Inframat Corporation. Product launch is the key strategy adopted in the global nano-coatings market. Moreover, companies are adopting mergers and acquisition as strategy to stay competitive and partnerships to reach masses and explore the global nano-coatings market. In 2015, CIMA NanoTech, who is a manufacturer of transparent conductive film solutions, entered into joint venture with Foxconn, who is a leader in ICT technology. The main objective of this joint venture is to provide the industry’s first cost competitive and projected capacity solution for large format touch screens.