Increasing application scope expected to drive nanocoatings demand over the forecast period
San Francisco, California (PRWEB) October 08, 2014
The global nanocoatings market revenue is expected to reach USD 8.17 billion by 2020, according to a new study by Grand View Research, Inc. Nanocoatings are being extensively used as a substitute to conventional polymer coatings in applications including automobile, building & construction and medical & healthcare. Nanocoatings demand is expected to increase due to superior properties and lesser VOC emissions as compared to other commercially used coatings in the market.
View full report with TOC at http://www.grandviewresearch.com/industry-analysis/nanocoatings-market
Medical & healthcare was the largest application market for nanocoatings, with demand estimated at 43.7 kilo tons in 2013 owing to increased use of anti-fingerprint and anti-microbial coatings for maintaining clean and hygienic environment in patient care facilities. The segment is also expected to be the fastest growing application, at an estimated CAGR of 22.7% from 2014 to 2020. Nanocoatings are used in automotive applications in order to retain color and gloss, with estimated demand of 39.8 kilo tons in 2013.
Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/nanocoatings-market/request
Further key findings from the study suggest:
- Global nanocoatings market volume was 309.5 kilo tons in 2013 and is expected to reach 1,262.9 kilo tons by 2020, growing at a CAGR of 22.3% from 2014 to 2020.
- Anti-microbial nanocoatings were used widely in applications including medical & healthcare and building & construction to avoid infestation of disease spreading microbes. The segment demand was estimated at 90.9 kilo tons with revenue of USD 541.6 million in 2013 and is expected to grow at a CAGR of 22.9% from 2014 to 2020.
- Anti-fingerprint nanocoatings are expected to be the fastest growing product segment at an estimated CAGR of 23.2% from 2014 to 2020. The segment is expected to witness growth on account of its usage in electronics and automotive application.
- North America was the dominant regional nanocoatings market with an estimated demand of 128.7 kilo tons in 2013. Increased infrastructural spending in the current fiscal budget coupled with high demand for automobiles and advanced healthcare facilities in the region are expected to be major factors responsible for nanocoatings market development.
- Product innovation plays a key role as the fragmented nature of market results in companies developing new products to gain competitive advantage. The nanocoatings market is expected to gradually move towards consolidation over the next six years, with raw material supply being a focal point which may trigger a trend of mergers, acquisitions and strategic alliances.
Browse all reports of this category at http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
For the purpose of this study, 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-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
• Water Treatment
• Buildings & Construction
• Others (Including textiles/leather, industrial engineering etc.)
- Nanocoatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Asia Pacific
Browse all ongoing reports by Grand View Research at http://www.grandviewresearch.com/ongoing-reports
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. For more information, visit http://www.grandviewresearch.com/
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
Toll Free: 1-888-202-9519
Related reports by Grand View Research
Acetic Acid Market Analysis And Segment Forecasts To 2020 - http://www.grandviewresearch.com/industry-analysis/acetic-acid-market
The global market for acetic acid is expected to reach USD 12.20 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand from application segments such as Vinyl Acetate Monomer (VAM) and Purified Terephthalic Acid (PTA) is expected to drive demand for acetic acid over the forecast period.
Adipic Acid Market Analysis And Segment Forecasts to 2020 - http://www.grandviewresearch.com/industry-analysis/adipic-acid-market
The global market for adipic acid is expected to reach USD 7,240.8 million by 2020, according to a new study by Grand View Research, Inc. Growing demand for nylon resins and fiber from major end use industries such as automotive and electronics mainly in BRIC nations is expected to remain a key driving factor for the market over the next six years.