Nano Coatings Market Insights, Leading Players, Industry Statistics, Business Opportunities, Forthcoming Developments and Future Investments 2021 to 2027
Nano
Coatings can improve the performance of the applied surfaces with physical
properties such as resistance to corrosion, microbial, and heat, providing them
protection against UV rays, scratch, and abrasion. Further nanocoatings also
offer to the applied surfaces with a range of properties such as
hydrophobicity, oleophobicity, anti-reflection property, self-cleaning
property, anti-icing/ de-icing property, antifouling property, and
anti-fingerprint property among other.
Furthermore,
nanocoatings are compatible with a wide range of substrates such as metals
& alloys, plastic, wood, and concrete. As a result, these coatings are
rapidly replacing conventional surface coatings in a range of applications across
various end-use industries. Consequently, the nano coatings market is growing
pervasively on the global platform.
Acknowledging
the huge traction the market is garnering currently, Market Research Future
(MRFR) in its recently published study report asserts that the global nano
coatings market is projected to witness significant growth by 2023 registering
a healthy CAGR over the forecast period (2018-2023).
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The nano
coatings market is largely driven by the electronics and automotive industry
due to the anti-fingerprint quality that has wide uptake in the evolving
touch-based technology in the electronics industry (mobiles, laptops, SCADA
systems, refrigerators, and displays), and in the automotive industry (window
& windshield glass, and touch panels).
The burgeoning electronics and automotive industries
are expected to drive the market during the forecast period as well.
Growing
applications of nanocoatings in optics industry for the making of spectacles,
sunglasses, mirrors, contact lenses, and camera lenses is another key driving
force behind the market growth which will continue to support the market
throughout the review period.
Furthermore,
easy to clean and anti-fouling coatings are driving a huge demand from the
marine industry for boats and ship hulls.
Additionally, anti-microbial coatings are largely preferred and find a
wide range of applications in the healthcare and food packaging industry which
in turn, fosters the market growth of nanocoatings.
On the
other hand, factors such as the high cost of nanocoatings compared to
conventional surface coatings are acting as a headwind to the market growth.
Nevertheless, the huge demand for nanocoatings which is cumulatively driven by
the end-user industries is expected to support the market growth during the
forecast period.
Nano Coatings Market – Segmentation
MRFR has segmented its analysis
into five key dynamics for an easy grasp;
By Raw Materials : Alumina (Al2O3), Titania (TiO2),
Chromia (Cr2O3), Silicon Dioxide (SiO2), Tungsten Carbide (WC),
Yttria-Stabilized Zirconia (YSZ), Lanthanum Strontium Manganite (LSM), and
Combination Chemistries among others.
By Coating Methods : Chemical Vapor Deposition (CVD), Physical Vapor
Deposition (PVD), Atomic Layer Deposition (ALD), Layer-By-Layer Self-Assembly
(LBL), Electrospray and Electrospinning, Chemical and Electrochemical Deposition,
among others.
By Types : Anti-Corrosive Coatings,
Anti-Microbial Coatings, Anti-Fingerprint Coatings, Easy To Clean &
Anti-Fouling Coatings, Self-Healing Coatings (bionic & photocatalytic),
Anti-Icing & Deicing Coatings, Anti-Graffiti Coatings, Anti-Reflection
Coatings, Thermal Barrier & Flame-Retardant Coatings, Oleophobic Coatings, and
Hydrophobic Coatings among others.
By End-Use Industries : Building & Construction,
Automotive, Aerospace, Electrical & Electronics, Healthcare, Packaging,
Marine Industry, Military & Defense, Renewable Energy, Chemical, and
others.
By Regions : Europe, North
America, APAC and the Rest-of-the-World.
Global Nano Coatings Market
– Regional Analysis
The
Asia Pacific region is holding the major share in the global Nano Coatings
market. Japan has emerged as the major player in the region followed by China,
South Korea, Taiwan, and India due to the growing demand from various end-use
industries such as building & construction, automotive, electronics,
packaging, healthcare military & defense, and marine.
Innovation
in technologies and success achieved in the production of electronics and
electrical items among others has propelled the Nano coatings market in the
APAC region to continue its dominance over the global market during the
forecast period 2018-2023.
Whereas,
nano coatings market in the North American region closely follows the APAC
region in terms of market consumption. This market is expected to show high
demand during the forecast period 2018-2023 from the end-user industries such
as building & construction, healthcare, aerospace, and renewable energy
industries.
On the
other hand, the Nano coatings market in the European region is rapidly emerging
as a promising market. The region is expected to demonstrate high growth
prospects during the forecast period, witnessing the huge demand from the
industries such as automotive, microelectronics, and renewable energy industry.
The
MEA region (the Middle East & Africa) is also expected to observe a
considerable demand for nanocoatings over the assessment period due to growing
building & construction, marine, and chemical industries.
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Whereas,
the Nano coatings market in the Latin American region is expected to be driven
by the growing construction, marine, and renewable energy industries during the
forecast periods, 2018-2023.
Global Nano Coatings
Market – Competitive Landscape
Characterized by the presence of several large and small-scale players,
the global nano coatings market appears to be fragmented and highly
competitive. Though the large companies have a great geographical presence, the
entry of several new companies will pose a stiff competition to them.
Emphasizing upon new product development initiatives, and geographical
expansion; Marketers compete based on price and brand reinforcement. Matured
players incorporate strategic initiatives such as acquisition, collaboration,
expansion, partnership, and technology launch in order to gain a competitive
advantage in this market and thus to maintain their market position. These key
players strive to develop a wide range of diverse products each intended for a
particular purpose.
Key Players:
Some of the eminent leaders of the market include Nanovere Technologies,
LLC. (U.S.), Nanowerk (U.S.), P2i Ltd. (U.K), NANOFILM. (U.S.), Nanoslic
Protective Ceramic Coatings (U.S.), Inframat Corporation (U.S.), Nanogate SE
(Germany), Plasmatreat Gmbh (U.S.), NanoTech Coatings • (U.S.), Möller Medical
GmbH & Co. KG (Germany), and CYTONIX (U.S.).
Industry/Innovation/Related
News
October 23, 2018 – HZO, Inc. (US), a leading global player in advanced and scalable
electronics waterproofing and protection solutions announced the acquisition of
Semblant Limited (UK), a leader in protective nanocoatings and waterproof
technology.
The acquisition will enable HZO to quickly introduce additional
protection solutions to current and future customers of both companies with its
Spectrum of Protection portfolio of solutions that can allow greater
flexibility to manufacturers looking to protect electronic components using a
more diverse range of protective coating materials, equipment, and processes.
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