The
global nanocoatings market size was estimated at 309.5 kilo tons
in 2013. Rising inclination towards the use of advanced nanomaterials in
automotive and medical industries has led to an increase in the usage of
nanotechnology, in turn boosting the growth of nanocoatings market.
Nanocoatings are
nanotechnology-based coatings possessing unique properties such as ductility,
lubricity, hardness, abrasion resistance, and transparency, unlike conventional
polymer coatings. The market is expected to be driven majorly because of a
shift in demand for the product over conventional polymer coatings owing to
their extraordinary properties and lower volatile organic compound emissions.
Rising consumer awareness
about self-cleaning and anti-microbial coatings in aerospace and mechanical
applications to enhance the life spans of functional parts will augment the
growth of the product over the forecast period. The global nanocoatings
industry is estimated to be worth USD 8.17 billion by 2020.
Nanocoatings are
available in numerous forms exhibiting functionalities such as self-cleaning,
anti-fingerprint, anti-fouling & easy-to-clean and anti-microbial.
Anti-fingerprint coatings are anticipated to witness significant gains with an
estimated CAGR of 23.2% from 2014 to 2020, due to their extensive use in
electronics and automotive applications.
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Anti-microbial coatings
are majorly used in the food manufacturing, water treatment, building &
construction, packaging, and medical & healthcare sectors to avoid the
spread of harmful microbes. As of 2013, demand for these coatings was 90.9 kilo
tons generating USD 541.6 million and is anticipated to grow at 22.9 % CAGR
over the forecast period.
Self-cleaning coatings
include photo catalytic and bionic products and are predicted to grow as they
provide high water repellence which helps in retaining gloss and color.
Easy-to-clean and anti-fouling coatings are expected to increase significantly
with their increasing use in marine, food, electronics and automotive
applications.
Demand for the product in
medical & healthcare applications was 43.7 kilo tons in 2013. Increasing
usage of anti-microbial nanocoatings and anti-fingerprints coatings owing to
their differentiating properties are being extensively used in patient care
facilities. This segment is expected to witness significant gains at 22.7% CAGR
from 2014 to 2022. Demand in automotive applications was 39.8 kilo tons in
2013. Positive outlook towards the automotive industry is anticipated to
bolster growth over the forecast period.
North America demand was
128.7 kilo tons in 2013 contributing to over 40% of the global market. The
market is likely to witness growth owing to the growing requirement for the
product in healthcare applications. Technological advancements have led to
better healthcare amenities and increasing demand in the automotive sector in
the U.S. have given a boost to the market.
Adoption of nanocoatings
in European countries is likely to increase owing to price hikes of raw
material and strict regulations concerning VOC emissions released from paints
& coatings industry. Expansion of the electronics, healthcare and
automotive industries in Asia Pacific due to innovative technologies and
cost-effective labor is anticipated to drive the market demand.
Key market participants
include Bio-Gate AG, P2i Ltd, Nanofilm Ltd., Buhler PARTEC GmbH, Nanophase
Technologies Corporation, Nanogate AG, Integran Technologies Inc., Eikos Inc.,
Inframat Corporation, Cima NanoTech Inc., and Nanovere Technologies LLC.
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Grand View Research has
segmented the global nanocoatings market on the basis of product, application
and region:
Nanocoatings
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Anti-Fingerprint
• Anti-Microbial
• Anti-Fouling and Easy-To-Clean
• Self-Cleaning (Bionic and Photocatalytic)
• Others (Includes Specialty Coatings, etc.)
Nanocoatings
Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Medical & Healthcare
• Food Manufacturing
• Packaging
• Marine
• Water Treatment
• Electronics
• Buildings & Construction
• Automotive
• Energy
• Others (Including textiles/leather, industrial
engineering etc.)
Nanocoatings
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-nanocoatings-market
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Grand View Research
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in San Francisco. The company provides syndicated research reports, customized
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