Global Nanocoatings Market 2019
Albany, New York (PRWEB) September 04, 2014
Nanocoatings are a special type of materials that are obtained by shrinking raw materials to create a denser product. These raw materials are shrunk at the molecular level to get the desired type of nanocoating. The use of nanocoatings has been rising over the last few years owing to numerous advantages that they present over conventional coating materials.
Some of the benefits of using nanocoatings include: a lower VOC content, UV resistance, scratch resistance, low maintenance, resistance to corrosion, and also resistance to several classes of chemicals. A number of nanocoatings also offer better retention of color and gloss as compared to their traditionally used counterparts.
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- Classifying nanocoatings
There are several different usages of nanocoatings, and they are often classified based on their usage or their properties. Thus, these can be classified as anti-microbial, anti-fingerprint, self-cleaning, easy-to-clean, and other types of specialty coatings. The self-cleaning variety of nanocoatings comprises photocatalytic and bionic coatings.
Various estimates show that the widest type of nanocoating used across the world is anti-microbial coatings as they have numerous end uses. There are a number uses of this nanocoating variety in the healthcare segment and in the semiconductor industry where clean rooms have high cleanliness standards. These coatings are also widely used in the water treatment sector, in the food and beverage industry, as well as in the packaging and manufacturing industry.
The second-largest segment is that is anti-fouling nanocoatings. They are extensively utilized in the marine and shipping industry, electronics industry, food manufacturing sector, and in the automotive industry. The category of anti-fingerprint nanocoatings is projected to witness healthy growth in the coming years. This growth is largely attributed to the expansion of the healthcare and medical sector as well as the electronics and automotive sector. Finally, the ‘Other’ category of nanocoatings finds a variety of uses in industries ranging from textiles to packaging to construction and more.
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- Growth propellers and inhibitors
There is currently a huge demand for nanocoatings in the automotive and medical sector, and experts consider this to have far reaching effects as far as profitability in this sector is concerned. As urban sector continue to grow and expand, especially in BRIC countries, the need for nanocoatings across various applications becomes evident. These growth indicators are being observed now more than ever before.
However, this market does have its share of growth inhibitors. Among these are the restrictions imposed by European governments on the coatings industry chiefly owing to the VOCs content. Nanocoatings do offer a number of environmental benefits as they are low in VOCs—this factor is likely to determine their growth over the next few years. However, market analysts opine that the overall environmental and health concerns associated with the coatings market will likely have a negative impact on the nanocoatings market as well. Nanocoatings market from the geographical standpoint
Some of the largest contributors in the growth of the nanocoatings market are countries such as China and India. The growing scope of applications of the smart coatings makes them widely suited for use in the automotive and electronics industry. Since these are the very sectors that have also been witnessing rapid expansion in Asia-Pacific, nanocoatings will be in demand here.
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- Nanocoatings market by product share
According to a recently published market research report by Transparency Market Research, the global market for anti-microbial nanocoatings constituted 29.6% of the total nanocoatings demand in 2012. The second-largest category of nanocoatings consumed was that of easy-to-clean and anti-fouling nanocoatings. This category is expected to witness rapid growth over the forecast period, with a major chunk of the demand coming from the marine, food manufacturing, industrial engineering, and energy industries.
As of 2012, the highest demand came was North America where nanocoatings were extensively used in the medical and healthcare industry. Over the next few years, demand for nanocoatings in Europe is also expected to increase owing to VOCs being stringently regulated. The fastest growth over the next five years will be recorded by the Asia Pacific region.
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