Coherent Market Insights published a business research report on Nanocoatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Nanocoatings Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Nanocoatings are coatings created using nanotechnology that provide improved abrasion resistance, hardness, transparency, ductility, and lubricity than traditional coatings. They are also preferred for a variety of eco-friendly applications due to their minimal VOC emissions. Some of the most common varieties of Nanocoatings are those that are antimicrobial, anti-fingerprint, simple to clean and anti-fouling, and self-cleaning (bionic and photocatalytic).
The market for nanocoatings is anticipated to reach US$ 10,511.1 million in 2021 and grow at a CAGR of 24.7% during the forecast period (2021-2028).
Actnano announced the company’s achievement of a critical milestone in April 2021. By 2020, 1.2 million production vehicles and a few autonomous cars would be protected on the road by the company’s protective coating known by the brand name “nanoGAURD.”
Tesla Nanocoatings introduced a novel technique integrating carbon nanotubes for employees’ safety in January 2021. The Teslan 1105 Zn-CNT Single Coat Deck Epoxy is the NANO non-skid product. To increase durability, it combines non-skid aggregate, sacrificial Zinc, and carbon nanotubes.
ActNANO, a startup in nanocoatings, earned USD 12 million in a series A financing in October 2020. To fulfil client demand, the firm plans to grow its staff across Asia and Europe.
In terms of value, North America owned the majority of the market for nanocoatings in 2020, with a 37.5% share, followed by Europe and Asia Pacific. The massive demand from the medical and automotive coatings industries is driving the growth of the worldwide nanocoatings market.
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The market for nanocoatings is expanding as a result of rising demand from automotive applications. Due to their UV, wear and tear, and heat resistant capabilities, these coatings are used to preserve the surfaces of automobiles, particularly luxury cars. The automotive sector is seeing strong development as a result of increased vehicle production, which is driving up demand for coatings and boosting the market growth for nanocoatings during the upcoming years.
One of the main factors driving the market expansion of nanocoatings is the high demand for medical device coatings. Nanocoatings improve the surface and performance while preventing bacterial contamination. Additionally, since many medical equipment require non-stick coatings that are over-molded, biocompatible, and smooth, it aids in reducing friction between tissues and devices. As a result, nanocoatings are in great demand from the healthcare sector due to their wear resistance and antimicrobial qualities.
Over the projection period, it is expected that the rising demand for smart coatings based on nanotechnology would present significant potential prospects. Smart coatings based on nanotechnology give surfaces several functionalities, including resistance to heat, wear and tear, scratches, and microbes. They are able to withstand harsh surroundings and outside stimulation. These coatings are becoming increasingly used in a variety of manufacturing industries, including the automotive, energy, medical, building, electronics, and military sectors.
Potential market prospects are anticipated as a result of the technology’s ongoing advancement and the increased investment in research and development for the manufacturing of nanocoatings at a reduced cost. Additionally, the nanocoatings are applied to automobiles, boats, aircraft, ships, and even building sites. As a result, continuous research and development efforts have produced friction-reducing, water-repellent, and self-cleaning nanocoating technologies.
Applications in the automotive, maritime, electrical, and food processing industries are increasing their use of anti-fouling and easy-to-clean coatings. These nanocoatings also inhibit the development of fungi and algae. Electronics, medical, and healthcare applications are also anticipated to significantly increase demand for anti-fingerprint coatings. Additionally, self-cleaning nanotechnology is anticipated to stimulate the market growth of nanotechnology throughout the anticipated time frame.
One of the new trends in the industry is the expansion of strategic alliances and agreements between important firms. For instance, in the US markets, Proximo Medical and CeloNova Biosciences entered into a cooperation in January 2020. CeloNova Biosciences is the manufacturer of the COBRA PzF nanocoated coronary stent (NCS). A multinational manufacturer of medical devices, CeloNova Biosciences develops its own Polyzene-F NanoCoating technology.
In terms of product type, the anti-microbial segment dominated the market and held a 29.93% share of the worldwide nanocoatings market in 2020. In 2028, the market is anticipated to grow to US$ 15,096.0 million.
To stop the spread of dangerous bacteria, anti-microbial coatings are primarily utilised in the food production, water treatment, building & construction, packaging, and medical & healthcare sectors.
The demand for the product is expected to be hampered by the fluctuating price of the raw materials required to make nanocoatings since this might drive up the overall cost of the finished goods. Thus, it is anticipated that the market expansion would be constrained by the fluctuating price of raw materials needed to produce nanocoatings.
The limited yield and high initial cost of nanocoatings are anticipated to slow down their uptake. This element is anticipated to limit the market expansion of nanocoatings.
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- Bio-Gate AG
- Buhler PARTEC GmbH
- Cima NanoTech Inc.
- Eikos Inc.
- Inframat Corporation
- Integran Technologies Inc.
- Nanofilm Ltd.
- Nanogate AG
- Nanophase Technologies Corporation
- Nanovere Technologies LLC
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Nanocoatings Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Nanocoatings Industry Impact
Chapter 2 Global Nanocoatings Competition by Types, Applications, and Top Regions and Countries
2.1 Global Nanocoatings (Volume and Value) by Type
2.3 Global Nanocoatings (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Nanocoatings Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Nanocoatings Market Analysis
Chapter 6 East Asia Nanocoatings Market Analysis
Chapter 7 Europe Nanocoatings Market Analysis
Chapter 8 South Asia Nanocoatings Market Analysis
Chapter 9 Southeast Asia Nanocoatings Market Analysis
Chapter 10 Middle East Nanocoatings Market Analysis
Chapter 11 Africa Nanocoatings Market Analysis
Chapter 12 Oceania Nanocoatings Market Analysis
Chapter 13 South America Nanocoatings Market Analysis
Chapter 14 Company Profiles and Key Figures in Nanocoatings Business
Chapter 15 Global Nanocoatings Market Forecast (2023-2030)
Chapter 16 Conclusions
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