Expanding Application Areas and Environmental Benefits Drive the Global Nanocoatings Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Nanocoatings markets. Global market for Nanocoatings is projected to reach US$11 billion by 2020, driven by expanding application areas, environmental benefits, technological advancements, cost benefits, and growing demand from developing markets, particularly in Asia-Pacific.

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Nanocoatings: A Global Strategic Business Report

San Jose, California (PRWEB) February 04, 2014

Follow us on LinkedIn - The coatings industry has always been characterized by the need to develop coatings that offer in addition to aesthetic and decorative appeal, functional performance features, such as, better strength, flexibility, transparency, gloss and protection of the coated surfaces. In a bid to add new functionalities, capabilities and to meet high performance standards, coating manufacturers are increasingly exploring new technologies that can offer desired results and help them expand market share and gain competitive advantage.

Nanotechnology in this regard promises to offer coating manufacturers the opportunity and the ability to develop coatings with numerous cutting edge functional properties. Use of nanomaterial in production of coatings has led to the emergence of nanocoatings, which feature superior functional properties as compared to traditional coatings. Nanocoatings can be deposited onto various substrate materials including metals, glass, textiles, ceramics, and plastics, among others. Multifunctional properties of nanocoatings include anti-corrosion, anti-fingerprint, UV resistance, resistance against wear and tear, anti-fouling, self-cleaning, flame retardancy, conductivity, abrasion/scratch resistance, anti-microbial, and anti-reflective. In addition to performance advantages, nanocoatings are also environmental friendly and cost-efficient thus driving adoption in several end-use markets including automotive, energy, textiles, aerospace, marine, glass, solar, healthcare/biomedical, electronics, engineering, and construction.

Healthcare industry represents one of the largest revenue contributors in the market. Growing demand for superior quality medical devices and need to improve sanitation in hospital premises are especially driving demand for nanocoatings in the healthcare industry. Rise in aging population, growing emphasis on reduced hospital stays, and increasing awareness of benefits of nano-coated medical devices are factors driving demand in the medical devices market. Demand is especially strong for antimicrobial nanocoatings for use on hospital walls, medical devices, operation tables, and door knobs to improve hygiene and prevent cross-infections. Nanocoatings are gaining increasing acceptance as ultra-hard porous coatings for orthopedic and surgical implants such as screws, joint implants, and plates.

Environmental concerns and stringent regulations are also driving global demand for nanocoatings. Governments across the globe are clamping down on the coatings industry, given the large scale use of toxic chemicals and VOC compounds in this sector. Innovations in technology such as development of nanocoatings with shape memory effect, thermochromic pigmented coatings, hydrophobic/hydrophilic switching coatings, self-healing, and self-cleaning coatings will also help drive market growth.

As stated by the new market research report on Nanocoatings, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 36% over the analysis period. Growth in the region is led by steady economic growth, growing construction sector, growing automotive output, and developing healthcare infrastructure, particularly in China and India.

Key players in the market include AcryMed Inc., ACTnano, albert rechtenbacher GmbH, Buhler AG, Bio-gate AG, CG2 NanoCoatings Inc., Cleancorp GmbH, Cima NanoTech Inc., DuraSeal Nanocoatings, Eikos Inc., Ecology Coatings Inc., Green Earth Nanoscience Inc., Integran Technologies Inc., Inframat Corporation, NANOBIZ.PL Ltd., Nano-Care Deutschland AG, Nanofilm, NanoMate Technology Inc., Nanopool GmbH,Nanogate AG, Nanophase Technologies Corporation, Nanovere Technologies Inc., Nanosol AG, P2i Ltd., Surfactis Technologies SAS, and Tesla NanoCoatings Inc. among others.

The research report titled “Nanocoatings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, issues, and recent industry activity. The report provides market estimates and projections for nanocoatings in US dollars for major geographic markets including the US, Japan, Europe (France, Germany, UK and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific) and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Nanocoatings_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/


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