#Nanocoatings for Building and Construction Market Forecast
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Industrial Coatings Market Detailed Analysis and Forecast 2024–2030
TheIndustrial Coatings Market was valued at USD 111.6 billion in 2023-e and will surpass USD 133.5 billion by 2030; growing at a CAGR of 2.6% during 2024 - 2030. The industrial coatings market plays a crucial role in a wide array of sectors, from manufacturing and construction to automotive and marine industries. These coatings are applied to various surfaces to enhance durability, aesthetic appeal, and resistance to environmental factors. As of 2024, the industrial coatings market is experiencing significant growth, driven by technological advancements, increased industrial activities, and a rising demand for protective and decorative solutions.
In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior.
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Key Trends in the Industrial Coatings Market
Technological Innovations
One of the most influential trends in the industrial coatings market is the continuous advancement in technology. The development of high-performance coatings that offer superior protection against corrosion, chemicals, and extreme temperatures is a testament to the industry's innovation. Nanotechnology and smart coatings are particularly noteworthy. Nanocoatings provide exceptional barrier properties and enhanced durability, while smart coatings can respond to environmental changes, such as temperature or humidity, to provide self-healing properties.
Sustainable and Eco-Friendly Coatings
With increasing environmental regulations and a growing emphasis on sustainability, the demand for eco-friendly coatings has surged. Manufacturers are now focusing on developing water-based, low-VOC (volatile organic compounds), and solvent-free coatings to reduce environmental impact. These sustainable coatings not only meet regulatory requirements but also appeal to environmentally conscious consumers and businesses.
Rising Demand from Emerging Economies
The industrial coatings market is witnessing robust growth in emerging economies, particularly in Asia-Pacific and Latin America. Rapid industrialization, urbanization, and infrastructure development in countries like China, India, and Brazil are driving the demand for industrial coatings. These regions are also investing heavily in construction and manufacturing, further bolstering the market.
Increased Use in Automotive and Aerospace Industries
The automotive and aerospace industries are major consumers of industrial coatings. In the automotive sector, coatings are essential for enhancing vehicle aesthetics and providing protection against harsh weather conditions and corrosion. In aerospace, coatings are used to protect aircraft components from extreme temperatures, UV radiation, and other environmental factors. The growth of these industries, particularly with the increasing production of electric vehicles and commercial aircraft, is propelling the demand for industrial coatings.
Market Segmentation
By Type
Polyurethane Coatings: Known for their versatility, durability, and excellent protective properties, polyurethane coatings are widely used across various industries.
Epoxy Coatings: These coatings are highly durable and offer excellent resistance to chemicals and corrosion, making them ideal for heavy-duty applications.
Acrylic Coatings: Acrylic coatings are valued for their quick-drying properties and UV resistance, making them suitable for exterior applications.
Others: This category includes alkyd, polyester, and silicone coatings, each offering unique properties tailored to specific applications.
By Application
Construction: Industrial coatings are extensively used in the construction sector to protect buildings, bridges, and other structures from corrosion and environmental damage.
Automotive: Coatings are applied to vehicles for aesthetic enhancement and protection against wear and tear.
Marine: Coatings in the marine industry protect ships, boats, and offshore structures from saltwater corrosion and fouling.
Manufacturing: Machinery and equipment in manufacturing facilities are coated to prevent corrosion and extend their service life.
Aerospace: Aerospace coatings are designed to withstand extreme conditions and ensure the longevity of aircraft components.
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Future Prospects
The industrial coatings market is poised for continued growth in the coming years. Advancements in coating technologies, such as the development of multifunctional coatings that combine protective and decorative properties, will drive innovation. Additionally, the increasing focus on sustainability and the development of bio-based coatings will open new opportunities for market players.
Investments in research and development to create coatings with improved performance characteristics and lower environmental impact will be critical. Furthermore, the expansion of industrial activities in emerging economies will continue to provide a significant boost to the market.
Conclusion
The industrial coatings market is an integral part of modern industrial activities, providing essential protection and aesthetic solutions across various sectors. With ongoing technological advancements, a growing emphasis on sustainability, and rising demand from emerging economies, the market is set for substantial growth. Companies that prioritize innovation and environmental responsibility will be well-positioned to capitalize on the expanding opportunities in this dynamic market.
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The Hydrophobic Coatings Market is projected to grow from USD 2,270.82 million in 2024 to USD 3,422.07 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.26%.The hydrophobic coatings market has witnessed significant growth in recent years, driven by increasing demand across various industries for products that offer enhanced protection and performance. Hydrophobic coatings, which repel water and other liquids, have emerged as a critical solution in applications ranging from electronics to automotive and construction. This article delves into the key drivers, innovations, and trends shaping the hydrophobic coatings market.
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Market Overview
Hydrophobic coatings are designed to create a water-repellent surface, which can significantly enhance the durability and longevity of materials. These coatings work by reducing the surface energy of the material, causing water to bead up and roll off rather than spreading and causing damage. The market for these coatings has expanded rapidly due to their widespread applications and the increasing need for protective solutions in various sectors.
Key Drivers
1. Rising Demand in Electronics: The electronics industry is a major driver of the hydrophobic coatings market. With the proliferation of smartphones, tablets, and wearable devices, there is a growing need for protective coatings that can safeguard electronic components from moisture and dust. Hydrophobic coatings can prevent short-circuiting and corrosion, thereby extending the lifespan of electronic devices.
2. Automotive Sector Growth: In the automotive industry, hydrophobic coatings are increasingly used for protecting car exteriors, windshields, and other components. These coatings enhance visibility by repelling rain and dirt, and they also protect against scratches and environmental damage. As consumers seek more durable and aesthetically pleasing vehicle finishes, the demand for hydrophobic coatings in this sector continues to rise.
3. Construction and Building Applications: The construction industry is another significant contributor to the hydrophobic coatings market. These coatings are used to protect building materials from water damage, which can lead to costly repairs and maintenance. Hydrophobic coatings are applied to surfaces such as concrete, brick, and glass to improve their resistance to water infiltration and staining.
4. Advancements in Coating Technologies: Technological advancements have led to the development of more effective and versatile hydrophobic coatings. Innovations such as nanotechnology have enabled the creation of coatings with improved performance characteristics, including enhanced durability, flexibility, and resistance to harsh environmental conditions. These advancements are driving the growth of the hydrophobic coatings market by offering more reliable and efficient solutions.
Market Trends
1. Nanotechnology Integration: The integration of nanotechnology in hydrophobic coatings is a notable trend. Nanocoatings offer superior water repellency, self-cleaning properties, and enhanced durability. They are being increasingly adopted in various applications, including textiles, automotive, and electronics, due to their advanced performance characteristics.
2. Sustainability and Eco-Friendly Solutions: There is a growing emphasis on sustainability and eco-friendly solutions within the hydrophobic coatings market. Manufacturers are focusing on developing coatings that are non-toxic, biodegradable, and produced using environmentally friendly processes. This shift towards greener solutions is driven by increasing regulatory requirements and consumer demand for sustainable products.
3. Customized Solutions: The demand for customized hydrophobic coatings is on the rise. Companies are offering tailored solutions to meet specific requirements of different industries and applications. Customization allows for the development of coatings with unique properties, such as UV resistance, anti-fogging, and antimicrobial effects, catering to the diverse needs of end-users.
4. Regional Market Growth: While the hydrophobic coatings market is growing globally, certain regions are experiencing rapid expansion. Asia-Pacific, in particular, is witnessing significant growth due to the increasing industrial activities, urbanization, and rising consumer electronics demand. North America and Europe are also key markets, driven by advancements in technology and high adoption rates in various sectors.
Challenges and Opportunities
Despite the positive outlook, the hydrophobic coatings market faces some challenges. High production costs and the need for specialized application techniques can limit the widespread adoption of these coatings. However, ongoing research and development efforts are expected to address these challenges and create new opportunities for market growth.
Key Player Analysis
Aculon Inc.
AkzoNobel N.V.
Excel Coatings
3M
Aurolab
BASF SE
Accucoat, Inc.
Market Segmentation Analysis:
By Property Types:
KJ
By Application:
Segments:
Based on Property Types:
Anti-microbial
Anti-icing/Wetting
Anti-fouling
Anti-corrosion
Self-cleaning
Others
Based on Application:
Aerospace
Automotive
Construction
Medical
Optical
Others
Based on the Geography:
North America
US
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East and Africa
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Architectural Coatings Market Size Projected to Reach USD 107.0 billion by 2031
The architectural coatings market was valued at US$ 67.7 billion in 2022. The market is expected to increase at a CAGR of 5.2% from 2023 to 2031. Architectural coatings market is expected to reach US$ 107.0 billion during the forecast period. The development of low-emission coatings and the reduction of volatile organic compounds (VOCs) will continue to grow. Coating formulations that incorporate sustainable and biobased raw materials will significantly rise demand in growing years.
Self-healing coatings, which can repair minor damages, are being developed. Coatings that are responsive to external stimuli, such as heat, light, and humidity, are incorporated into products. Coatings made with nanotechnology are more durable, weather-resistant, and perform better.
In addition to providing antimicrobial properties, nanocoatings can also perform self-cleaning functions. Architectural coatings can now be custom designed using digital printing technology. A higher degree of precision in printing and better color matching has been achieved.
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Key Findings of the Market Report
Asia Pacific held a significant share of the market in 2022.
In terms of resin, acrylic segment demand is expected to grow in the next few years.
Based on technology, water-based architectural coatings are expected to become more popular in the future.
Buildings designed for residential use are expected to generate a market for architectural coatings in the years to come.
Global Architectural Coatings Market: Growth Drivers
The construction industry is growing rapidly, both residentially and commercially, which makes architectural coatings one of the most widely used products. With the rapid construction and renovation of buildings, coatings are becoming more important to protect and enhance the appearance of buildings. Urbanization continues to increase demand for architectural coatings. As urbanization increases, new infrastructure and housing needs arise, leading to a growth in coatings manufacturing.
Increased awareness of environmental issues and tighter regulations are leading to a rise in the use of volatile organic compounds (VOCs) and other harmful chemicals in coatings. Sustainable or green coatings are often described as being environmentally friendly. The coatings industry continues to develop innovative products that are more reliable, durable, and easy to apply because of ongoing research and development.
An increase in disposable income can lead to more spending on home improvements and renovations, increasing the need for architectural coatings in emerging markets. As existing structures need to be maintained and painted regularly, architectural coatings are in high demand.
Temperatures and humidity extremes, as well as exposure to harsh elements, drive the need for weather-resistant coatings. A higher demand for specialized coatings may exist in areas prone to severe weather events.
Infrastructure development programs and government initiatives can have a significant impact on the architectural coatings market. To protect and enhance the aesthetics of large-scale projects, coatings are often used extensively.
Global Architectural Coatings Market: Regional Landscape
Asia Pacific region is expected to boost demand for architectural coatings in the market. Construction activity heavily influences the demand for architectural coatings. As residential and commercial construction projects increase, coatings demand generally rises. Remodeling and renovation play a significant role in architectural coating demand. Homeowners and businesses to improve their interiors or exteriors commonly use coatings.
Rising disposable incomes and economic growth is expected to drive demand for architectural coatings in the market. Inflammable organic compounds (VOCs) and environmental regulations can affect the formulation of products and the growth of the market.
Innovating coating technologies, such as eco-friendly formulations and low-VOC formulations, can influence consumer preferences. Construction activity and home sales can have an impact on architectural coatings demand.
Global Architectural Coatings Market: Key Players
Research and development in architectural coatings is on the rise as companies operate in the sector to produce high-quality architectural coatings, such as architectural powder coatings and architectural metal coatings.
Architectural coating manufacturers also need to launch new products and get approvals. Leading players adopt inorganic growth strategies through subsidiary acquisitions and partnerships.
Akzo Nobel N.V.
Nippon Paint Holdings Co. Ltd.
PPG Industries, Inc.
The Sherwin-Williams Company
RPM International Inc.
Kansai Paints Co. Ltd.
Axalta Coating Systems
Kelly Moore Paint Co. Inc.
Cloverdale Paint Inc.
Behr Process Corp.
Key Developments
In October 2023, BASF launched its ACRONAL MB acrylic binder portfolio for Architectural Coatings in North America. ACRONAL binders offer the same level of performance and quality. Bio-feedstocks are used instead of fossil-based raw materials in BASF's biomass balance approach, certified by REDcert2.
In December 2023, DuPont announced the launch of a new line of printed Tedlar® PVF solutions and PVF coatings by Coryor Surface Treatment Company Ltd. and Nippon Paint Taiwan. With Tedlar®, an architectural application known for providing long-lasting aesthetic protection, a building's appearance can be preserved and extended for many decades.
Global Architectural Coatings Market: Segmentation
By Resin
Vinyl/Styrene
Acrylic
Alkyd
Polyurethane
Others
By Technology
Water-based
Solvent-based
Others
By End User
Residential
New Building
Reconstruction
Non-residential
New Building
Reconstruction
By Region
North America
Latin America
Asia Pacific
Europe
Middle East & Africa
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The Future of Acoustic Insulation Market: Innovations and Emerging Technologies
Introduction:
In an era where noise pollution is increasingly recognized as a significant health and environmental concern, the demand for effective acoustic insulation solutions is on the rise. As technology advances, new innovations and emerging technologies are shaping the future of acoustic insulation, offering improved soundproofing capabilities and enhanced environmental sustainability.
In this article, we will explore the latest trends and developments in the field of acoustic insulation, from novel materials and manufacturing techniques to cutting-edge applications of artificial intelligence and machine learning.
By understanding these innovations, stakeholders in the construction, automotive, and manufacturing industries can stay ahead of the curve and leverage the latest advancements to create quieter, more comfortable environments for work, leisure, and everyday living.
According to Next Move Strategy Consulting, the global Acoustic Insulation Market is predicted to reach USD 19.84 billion by 2030, with a CAGR of 4.1% from 2024 to 2030.
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Nanotechnology in Acoustic Insulation: Nanotechnology is revolutionizing the field of acoustic insulation by offering materials with unprecedented soundproofing properties. Nanostructured materials, such as aerogels and nanocomposites, feature microscopic structures that trap and absorb sound waves more effectively than traditional insulation materials. These nanomaterials can be incorporated into building materials, automotive components, and industrial equipment to reduce noise transmission and improve acoustic comfort.
Additionally, nanocoatings applied to surfaces can enhance their sound-absorbing capabilities, making them ideal for noise control applications in architectural and industrial settings. As nanotechnology continues to advance, the potential for innovative acoustic insulation solutions will only continue to grow, offering greater flexibility, durability, and performance than ever before.
Geographical Analysis:
Asia-Pacific region is expected to hold the lion’s share in the global acoustic insulation market during the forecast period. This is attributed to factors such as fast-paced expansion of the economies such as Indonesia and China due to growing population, rapid industrial expansion, and increased consumer spending, among others.
Furthermore, increasing disposable income and rapid urbanization are the key factors that drive the demand for acoustic insulation in India. In addition, the presence of key players such as H.S. Engineers, Langfang Osking Business Co. Ltd., ACOEM Group, and Guangzhou Hui Acoustics Building Materials Co. Ltd. is expected to propel the growth of the acoustic insulation market in this region in the upcoming years.
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3D Printing for Customized Acoustic Solutions: 3D printing technology is revolutionizing the manufacturing process for acoustic insulation products, allowing for highly customized solutions tailored to specific applications and environments. By using CAD (Computer-Aided Design) software, designers can create intricate geometries and structures optimized for sound absorption and insulation. These designs can then be printed using a variety of materials, including thermoplastics, foams, and elastomers, to achieve desired acoustic properties. 3D printing enables rapid prototyping and iterative design processes, allowing for quick evaluation and optimization of acoustic solutions.
Moreover, the flexibility of 3D printing allows for on-demand production of acoustic insulation components, reducing lead times and waste associated with traditional manufacturing methods. As 3D printing technology continues to evolve, we can expect to see even more innovative and customizable acoustic insulation solutions entering the market, offering unparalleled performance and versatility.
Smart Acoustic Insulation Systems: Advancements in smart technology are transforming acoustic insulation systems into intelligent solutions that can adapt to changing environmental conditions and user preferences. Smart acoustic panels equipped with sensors and actuators can dynamically adjust their properties in response to ambient noise levels, optimizing sound absorption and insulation in real-time. These panels can be integrated with building management systems to create adaptive acoustic environments that prioritize occupant comfort and productivity.
Additionally, machine learning algorithms can analyze environmental data and user feedback to optimize acoustic insulation settings automatically. Smart acoustic insulation systems offer unprecedented flexibility and control over indoor sound environments, allowing users to create personalized acoustic experiences tailored to their needs.
As smart technology continues to advance, we can expect to see even more sophisticated and responsive acoustic insulation solutions entering the market, revolutionizing the way we approach noise control in buildings, vehicles, and industrial settings.
Sustainable Materials for Eco-Friendly Acoustic Insulation: As sustainability becomes a top priority in the construction and manufacturing industries, there is a growing demand for eco-friendly materials in acoustic insulation products.
Manufacturers are increasingly turning to renewable and recycled materials, such as natural fibers, recycled rubber, and cellulose insulation, to reduce the environmental impact of their products. These sustainable materials offer excellent soundproofing properties while minimizing resource consumption and carbon emissions.
Additionally, biodegradable acoustic insulation materials are gaining popularity for their eco-friendly disposal options at the end of their lifecycle. By incorporating sustainable materials into acoustic insulation products, manufacturers can meet the demand for environmentally responsible solutions while maintaining high standards of performance and durability.
As sustainability continues to drive innovation in the acoustic insulation market, we can expect to see more eco-friendly materials and manufacturing techniques entering the mainstream, offering greener alternatives for noise control in buildings, vehicles, and industrial applications.
Competitive Landscape:
Various market players operating in the global acoustic insulation market include Rockwool International, Saint-Gobain, Knauf Insulation, InsulTech, Armacell International, Suprema, Huntsman, Owens Corning, Kingspan Group, and Johns Manville, among others. The key market players are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product portfolio and increase their geographical reach.
For instance, in January 2021, Armacell partnered with German TITK Group and Melamine to manufacture affective acoustic insulation products with melamine resin-based nonwovens. Moreover, in July 2020, InsulTech announced the expansion of its plant in Yuma, the U.S., effectively doubling the manufacturing space at the site. This new plant will be used to produce foil encapsulated insulation blankets for transportation, industrial, and aerospace applications.
Conclusion:
The future of acoustic insulation is bright, with innovations and emerging technologies poised to revolutionize the way we approach noise control in various industries. From nanotechnology and 3D printing to smart systems and sustainable materials, the latest developments in acoustic insulation offer unprecedented performance, customization, and environmental sustainability. By embracing these innovations, stakeholders can create quieter, more comfortable environments that enhance productivity, well-being, and overall quality of life.
As technology continues to advance, we can expect to see even more exciting developments in the field of acoustic insulation, driving further improvements in soundproofing capabilities and expanding the range of applications for these innovative solutions.
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Nanocoatings Market Size, Share, Future Demand and Forecast
The global nanocoatings market size was USD 7,825.3 million in 2020 and is projected to reach USD 39,869.2 million by 2028, exhibiting a CAGR of 22.7% during the forecast period.
This information is published by Fortune Business Insights, in its report, titled, “Nanocoatings Market, 2021-2028.”
The growing demand from the construction sector for this material is among the prime aspects fueling market growth. Adoption of the product to encourage sustainability and preserve energy is considerably increasing the market growth. Furthermore, the surging implementation of abrasion-resistant products from the automotive sector is likely to foster the market growth.
Information Source - https://www.fortunebusinessinsights.com/nanocoatings-market-105023
Report Coverage:
The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the nanocoatings market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.
Segmentation:
Self-Cleaning Segment to Hold Highest Market Share
On the basis of type, the market is segmented into antimicrobial, self-cleaning, anti-fingerprint, anti-corrosion, and others. The others segment involves photocatalytic coatings, hydrophobic coatings, superhydrophobic coatings, anti-fouling coatings, abrasion-resistant, thermal barrier, and anti-icing coatings.
Buildings & Construction Segment to Dominate Market
On the basis of the application, the market is segmented into building & construction, automotive, aerospace, electronics, marine, and others. The other segment involves medical, healthcare, food packaging, and energy.
Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers and Restraints:
Growing Demand from Building & Construction Industry to Thrust Market Growth
Nanocoatings are one of the most favorable high-performance materials that are employed in the construction industry. Due to their self-assembly impact, they display exceptional characteristics in comparison with conventional coatings. They are specifically utilized for safeguarding numerous surfaces such as glass, concrete, and marble or sand limestone from staining, corrosion, abrasion, and other external aspects.
However, it needs progressive machinery & equipment that are marginally costly. Therefore, this is likely to impede market growth.
Regional Insights:
North America to Dominate Backed by Subsidies Offered by Government Bodies
North America market size was worth USD 3,188.6 million in 2020. The region is anticipated to dominate the global nanocoatings market share during the forecast period, robustly affected by government subsidies, interest rates, building activities, and consumer spending, all of which are crucial factors of GDP.
Asia Pacific is predicted to hold a considerable nanocoatings market share in the global market. The surging building & construction activities and advancement of the industrial sector is likely to affirmatively sway the market.
Europe is among the regions that have a well-settled automotive industry. Nations such as Germany, Italy, France, and the U.K. are prime manufacturers of automobiles.
Competitive Landscape:
Crucial Business-related Declarations by Prime Players to Impact Market Dynamics
Prime companies in the market often make vital announcements concerning some business moves, which in turn affect the market either affirmatively or adversely. Players procure companies, launch novel products, involve in collaborative deals, sign agreements with government estalishments and so on.
Key Industry Developments:
April 2021: Actnano declared the attainment of important milestone of the company. In 2020, the company’s protective coating, under the brand identity ‘nanoGAURD’ accomplished 1.2 million of manufacturing vehicles coupled with a few autonomous automobiles on the road.
List of Key Players Mentioned in the Report:
P2i Ltd (U.K.)
Nanovere Technologies LLC (U.S.)
Nanofilm Ltd. (U.S.)
ACTnano (Massachusetts, U.S.)
Nanophase Technologies Corporation (U.S.)
Tesla Nanocoatings Inc. (U.S.)
Cleancorp (Australia)
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Nanocoatings Market – Forecast (2022-2027)
Nanocoatings Market size is forecast to reach US$22.5 billion by 2027, after growing at a CAGR of 20.1% during 2022-2027. Nanocoatings is a special type of nanoparticle coating that is made using carbon nanotubes which accelerate the reaction of forming activated oxygen from water by capturing the ultraviolet light in the presence of titanium dioxide. The nanocoatings help in enhancing the material and give flame retardant, anti-corrosion, anti-dust and many other features to the objects having nanocoatings. These are widely used in various end-use industries such as electronics, automotive, medical, marine coating and others. According to the International Organization of Motor Vehicle Manufacturers, the total car production is around 5,70,54,295 units and total commercial vehicle production is 2,30,91,693 in 2021 with an annual growth of 3% as compared to 2020. The rise in automotive production will eventually boost the demand for the Nanocoatings Market. However, due to covid 19 pandemic, the market has declined in 2020 owing to the shutdown of the manufacturing facilities to reduce the spread of the virus. But the market is expected to follow an increasing trend due to the growing consumption from the various end-use sector during the forecast period.
Report Coverage
The report: “Nanocoatings Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Nanocoatings Industry.
By Technology: Pre-treatment, Electrocoat, Liquid Coating (Waterborne, Solvent Borne, Coil Coating), Powder, Ultraviolet and OthersBy Substrate: Aluminum/Magnesium, Steel, Plastic & Plastic Composites, Wood & Wood Composites and OthersBy Product Type: Anti-Microbial Coating, Anti-Fingerprint Coating, Anti-Fouling Coating, Hydrophyllic Coating, Anti-corrosion Coating, Self-Cleaning Coatings and OthersBy End-use Industry: Auto, Transportation & Equipment (Automotive parts & Accessories, Wheels Heavy Duty Equipment and Others), Building & Construction (Extrusion Coatings, Interior Building Products and Others), Consumer Products & General finishes (Consumer Products, Kitchenware, Appliances and Others), Food & Packaging, Textile, Healthcare, Industrial (Industrial Bakeware & Molds, Energy Application, Office Furniture & Equipment, Electrical) and OthersBy Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and New Zeeland, Indonesia, Taiwan, Malaysia and Rest of APAC) and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)
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Key Takeaways
North America is expected to register a CAGR of 21.2% during the forecast period (2022-2027). The increasing demand for automotive, electronic and other sectors is driving the Nanocoatings industry.
Growing demand for Nanocoatings in industrial purposes for energy and industrial bakeware & molds application is expected to boost the demand due to flame retardant, scratch proof, UV, chemical resistance and anti-corrosion characteristics during the forecast period.
Robust demand for Nanocoatings from various end-use industries such as automotive, marine, medical equipment, electronics and others owing to low emission of volatile organic compounds is expected to increase the demand during the forecast period.
Nanocoatings Market Segment Analysis – by Product Type
The self-cleaning Nanocoatings segments accounted for around 16% of the Nanocoatings Market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. The self-cleaning nano-coating is an innovative combination of super-hydrophilic nanoparticles, photocatalytic and anti-static features widely used in electronics, energy, food & packaging, construction, marine industry, military &defense, automotive, aerospace and healthcare. According to US Solar Energy Industry Association, more than 230,000 Americans work in solar at more than 10,000 companies in every U.S. state as of 2020. In 2021, the solar industry generated more than US$33 billion of private investment in the American economy. Also, 46.1GW of energy production is planned for 2022 of which nuclear contributes 2.2GW, solar 21.5 GW, natural gas 9.6GW, wind 7.6%, batteries 5.5GW and others 0.2GW according to the U.S. Energy Information Administration. Therefore, the growing energy installation will help to boost self-cleaning segments of nanocoatings demand during the forecast period.
Nanocoatings Market Segment Analysis - by End-Use Industry
The transportation segment accounted for approximately 21% of the Nanocoatings Market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Nanocoatings is widely used in the transportation sector for auto parts, accessories, wheels and heavy-duty equipment coatings. Rising middle-class income, huge youth population and lightweight vehicles are boosting the demand for the automotive sector and in turn, boosting demand for nanocoatings products. According to India Brand Equity Foundation, the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles reached 1,860,809 units In January 2022. Also, the Government of India expects the automobile sector to attract US$ 8-10 billion in local and foreign investments by 2023. Thus, the increasing investments in the transportation sector are expected to drive the nanocoatings market size during the forecast period.
Nanocoatings Market Segment Analysis - by Geography
North American region held the largest portion of the Nanocoatings Market share in 2021 up to 38%, owing to the growing construction, automotive and electronics sector in the U.S, Canada and Mexico. The major factor responsible for the growth of Nanocoatings is less emission of volatile organic compounds which gives eco-friendly products. Nanocoating is widely used in auto parts, equipment, accessories, wheels, electronics components, construction material and others. According to the U.S Department of Commerce, the total construction spending during March 2022 was estimated at a seasonally adjusted annual rate of US$1,730.5 billion, with a rise of 0.1% above the revised February estimate of US$1,728.6 billion. According to Statistics Canada, about 1.6 million new motor vehicles registered in Canada in 2021 with an increase of 6.5% from 2020. Therefore, the growing construction, automotive and other sectors are boosting the Nanocoatings Market size during the forecast period.
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Nanocoatings Market Drivers:
increasing demand for Nanocoatings for Medical Devices applications
Nanocoatings are widely used in the coating of medical devices as it helps in the prevention of bacterial & fungal infection and smoothens the surface & performance of medical devices to meet the stringent needs of the medical device industry. Also, it helps to reduce abrasion between tissues & devices as many medical devices require non-stick coatings over-molded, biocompatible and other finishes to combat problems of infection. According to Medtech Europe, Organization, the global medical devices market share by the various countries in 2020 is as follows, U.S (41.6%), Europe (27.6), China (7.4%), Japan (7.2%), Canada (1.8%), South Korea (1.6%), India (1.3%) and others (11.6%). The rise in the demand and advancement in the technology of medical devices will boost the Nanocoatings Market due to its wear resistance and anti-microbial properties during the forecast period.
Growing electronics industry across the globe
The electronics sector is growing rapidly owing to increasing demand from emerging market economies. As a result, many countries are rising the production of more electronics and investment in the foreign production of electronics has increased dramatically. Also, growth in the electronics sector is primarily driven by innovation, with companies spending significant amounts on research and development (R&D) to make better products and to increase the efficiency of the manufacturing process. Nanocoatings play a vital role in the electronics sector as it is widely used for the coating of various devices such as consumer products, kitchenware, appliances and others. According to Invest India, the global electronics components market is expected to reach US$191.8 billion by 2022, of which the Asia Pacific region is anticipated to capture a dominant share globally. The growth in the electronic components sector will eventually help to boost the demand for the Nanocoatings Market during the forecast period.
Nanocoatings Market Challenges:
Volatile Price of Raw Material
Nanocoating is a premium product, so they are available at higher prices when compared to other coatings. The volatile price of raw materials such as silver, titanium dioxide, silicon and others is hindering the market growth. For instance, the average U.S. spot price for silicon metal was 444.38 cents per pound in February 2022, which is three times more than the average price in February 2021 according to the U.S. Department of the Interior and the U.S. Geological Survey. Owing to this factor, the product of nanocoatings comes at a higher price as compared to its alternative coatings, which tends to constrain the growth of the market.
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Nanocoatings Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nanocoatings Market. Top 10 companies in the Nanocoatings Market are:
Buhler PARTEC GmbH
Bio-Gate AG
Eikos Inc.
Cima NanoTech Inc.
Inframat Corporation
Nanofilm Ltd.
Nanophase Technologies Corporation
Integran Technologies Inc.
Nanogate AG
Nanovere Technologies LLC
Recent Developments
In February 2022, The McMaster Manufacturing Research Institute (MMRI) and Alchemy develop innovative nanocoatings solutions to the challenges faced by many industries such as repelling water, dirt and ice while maintaining high transparency, mechanical durability and weather specifications for advanced sensor systems used in harsh environments.
In January 2021, Tesla NanoCoatings Launched NANO Non-Skid; Teslan that has 1105 Zn-CNT Single Coat Deck Epoxy New Technology Combining Carbon Nanotubes and Aggregate to eradicate the biggest offshore challenges of worker safety and maintenance.
In August 2020, Indian Tech Startup Muse Nanobots launched a nanotech coating for textiles that can inactivate the Coronavirus within five minutes of contact. Muse nanocoated textiles can offer enhanced protection for common people to travel and will provide great safety to frontline healthcare, hospital, hotels and restaurant workers.
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Nanocoatings for Building and Construction Market Giants Spending Is Going to Boom with
QMS Research has published a new addition of comprehensive analysis titled Nanocoatings for Building and Construction market to its extensive repository. Among the several objectives of the research study, it provides a detailed description of recent trends, technological advancements, and various platforms, which further are beneficial to improve the performance of the companies. The primary and secondary research techniques have also been used to analyze the data, thus stimulating erudite business decisions.
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Among other salient features of the report, it provides information on top level companies in order to attain insightful data about successful strategies adopted by important market players, in addition to shedding light on bargaining power of suppliers and buyers.
To present the strong and effective business outlook lucidly various graphical presentation techniques such as graphs, charts, tables, and pictures have been used while curating the report.
Major Key Players Covered In This Report:
Nanophase Technologies, Nanogate, CTC Nanotechnology, Advenira Enterprises, Tesla NanoCoatings, Inframat, AdMat Innovations, Theta Chemicals
The specified segments and sub-sections of the market are explained below:
By Product Type:
Vapor Deposition, Electroplate, Spraying, Other
By Application/End-user:
Building, Infrastructure
By country/region:
North America
Europe
Asia-Pacific
South America
Middle East and Africa
The study covers a blend of major points, which are either fueling or limiting the growth of the companies. In addition to this, it also focuses on some crucial points, which help to discover global opportunities rapidly. Furthermore, the report discusses the new project’s SWOT analysis to get a complete overview of current scenarios. Upstream and downstream of the businesses have been further analyzed to direct readers towards attaining fruitful market performance.
The report closely studies various approaches, which help to build and develop sales strategies to boost company outcome.
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Frequently Asked Questions about This Market Research Report:
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Nanosilica Market Trends, 2020-2030
Nanosilica Market: Introduction
The global nanosilica market is expected to reach a value of ~US$ 55 Bn by 2030, expanding at a CAGR of ~7% during the forecast period. Increase in the demand for nanosilica for use in various applications is a key factor driving the global nanosilica market. Additionally, growth in the adoption of nanotechnology across the globe is expected to fuel the global market during the forecast period.
Key Drivers of Nanosilica Market
The global nanosilica market is primarily driven by increasing use of nanosilica in paints and coatings and construction applications. The demand for nanocoatings in aviation, automobile, and medical applications is estimated to increase in the near future. This, in turn, is projected to fuel the demand for nanosilica during the forecast period. The application of nanomaterials in concrete helps enhance the properties of concrete. Nanosilica, owing to its small particle size, can positively affect properties of concrete by changing its microstructure.
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Nanosilica: Market Segmentation
P-Type emerged as the leading product segment of the global nanosilica market in 2019. Increasing demand from the concrete industry led by growth of the construction sector, including residential and commercial buildings, is projected to propel the segment during the forecast period. The growing construction sector, particularly in Asia Pacific and North America, is projected to be a key factor driving the demand for P-type nanosilica during the forecast period.
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Due to its property of dispersion, S-type nanosilica can be used as a filler material in several applications including electronics, coatings, and varnishes. This makes S-type nanosilica useful for external additive materials, sintering materials, and fillers for liquid-type sealants. Rubber & plastic additives emerged as the leading application segment, in terms of both volume and revenue, in 2019. Nanosilica is used as an additive in various types of rubbers such as natural rubber, ethylene propylene diene monomer (EPDM), styrene–butadiene rubber (SBR), ethylene acrylic rubber, nitrile butadiene rubber (NBR), and silicone rubber. It is extensively utilized as a reinforcing agent to enhance the mechanical strength of vulcanized rubber.
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The paints & coatings segment followed the rubber and plastic additives segment in 2019. Nanosilica is widely utilized in super-hydrophobic coatings. Lower prices of nanosilica than its substitutes, such as carbon nanotubes, have boosted the demand for nanosilica in the paints & coatings industry.
Asia Pacific Holds a Prominent Share of Nanosilica Market
In terms of volume, Asia Pacific accounted for a leading share of the global nanosilica market in 2019, due to rise in investments by governments of China, India, and Thailand in the construction sector. Europe held a considerable share of the global nanosilica market in 2019.
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Europe also has a strong industry for rigid packaging. Several countries in the region are witnessing high per capita consumption of packaged products. In North America, increasing adoption of the next-generation technology, such as nanotechnology, may lead to increased production and use of nanosilica in various end-use industries. Growth of rubber & plastic additives, automotive, and construction industries in the region is boosting the demand for nanosilica in North America.
Key Players in Global Market
The global nanosilica market is moderately consolidated, with the presence of a few large-sized manufacturers. Companies operating in the global nanosilica market are investing significantly in research and development activities and advancements in technology. Major players operating in the global nanosilica market include Evonik Industries AG, Wacker Chemie AG, Normet, Nanosil (Asia Pacific) Sdn. Bhd, and US Research Nanomaterials, Inc.
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The Global Smart Coatings Market to Develop with CAGR of 24.03% by 2028
Triton Market Research presents the Global Smart Coatings Market report segmented by Type of Layer (Single-layer, Multi-layer), by Application (Building & Construction, Automotive, Marine, Aerospace & Defence, Other Applications), by Coating Type (Anti-microbial, Anti-corrosion, Anti-fouling, Anti-icing, Self-cleaning, Self-healing, Other Coating Types), and by Regional Outlook (North America; Europe; Asia-Pacific; Latin America; the Middle East and Africa), discussing Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).
Triton’s report suggests that the Global Smart Coatings Market would evolve at a CAGR of 24.03% over the forecasting period 2021-2028.
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There is a strong demand for smart coatings from several end-user industries, such as construction, marine, and automotive, among others. For instance, anti-corrosion smart coatings are used in the automotive & transportation sector for body hardware, fasteners, door closure, exhaust, lock parts, suspension, clamps & hose connections, engine components, and to make vehicles scratch-proof. These growing applications in various industries are thus fostering the growth of the global smart coatings market.
However, the high price of smart coatings is deterring their wide-scale adoption. Further, stringent regulations concerning environment conservation are also negatively impacting their usage. These factors are obstructing the growth of the market.
The market in the Asia-Pacific is expected to exhibit the fastest growth rate in the years to come. This growth can be attributed to the presence of several developing economies here. Leading global companies are now shifting their production units to the APAC owing to the low cost of production and proximity to emerging markets in Indonesia, India, and Malaysia. This has created a huge demand for commercial construction, such as offices, production units, warehouses, buildings, etc., leading to a rise in the construction activities here. All these factors are contributing to the market growth in this region.
Hempel AS, 3M Company, Eastman Chemical Company, PPG Industries Inc, Tesla NanoCoatings Inc, AkzoNobel NV, Jotun AS, BASF SE, The Sherwin Williams Company, Axalta Coating System, Royal DSM NV, Ancatt Inc, NEI Corporation, Dow Chemical Company, Nippon Steel Corporation, and EI Du Pont De Nemours & Company are the eminent names present in this industry.
The major global players have been consistently launching novel, innovative products with superior characteristics to gain a competitive edge over rivals. Also, these prominent players generally try to expand their global reach by employing various strategies, like collaborations and distribution agreements with different companies. Additionally, the existing ones have been expanding their business through product enhancements and capacity expansions to consolidate their position and increase the level of competition in the industry.
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Nanocoatings Market – Size ,Strategic recommendations, Trends, Segmentation, Use case Analysis, Competitive Intelligence, Global and Regional Forecast (to 2027)
Market Segmentation
The global nano coatings market is segmented by raw material, a coating method, type, end-use industry, and region.
On the basis of the raw material, the global nano coatings market is segmented into alumina (Al2O3), titania (TiO2), chromia (Cr2O3), silicon dioxide (SiO2), tungsten carbide (WC), yttria-stabilized zirconia (YSZ), lanthanum strontium manganite (LSM), combination chemistries, and others. Titania accounted to have the largest market share under raw material category in 2017 due to easy availability and performance efficiency and is expected to continue leading over the forecast period 2018-2023.
On the basis of the coating method, the global nano coating market is segmented into 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, and others. CVD accounted to have the largest market share in 2017 owing to its easy method and relatively high deposition rates and is expected to show a steady growth over the forecast period.
On the basis of the type, the global nano coatings market size is segmented into anti-corrosive coatings, antimicrobial 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, hydrophobic coatings, and others. Anti-corrosive coatings accounted for the largest market share in terms of consumption due to a wide range applications in different end-use industries. Moreover, other types of coating such as anti-graffiti, anti-fingerprint, self-healing, oleophobic, hydrophobic nano coatings are expected to show a huge demand over the forecast period 2018-2023 due to technological innovations in different end-use industries.
On the basis of the end-user industry, the global nano coatings market is segmented into building & construction, automotive, aerospace, electrical & electronics, healthcare, packaging, marine industry, military & defense, renewable energy, chemical, and others. Automotive and electronics industries were the major contributor to the global nano coatings market in 2017 over another end-use industry due to wide application areas concerning to nano coatings and are also expected to show high growth over the forecast period 2018-2023.
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Regional Analysis
The global nano coatings market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to be the largest and fastest growing market, followed by North America, which is further trailed by Europe. The Middle East & Africa is also expected to show a considerable growth during the forecast period. Latin America is expected to hold the least market share due to slow overall regional growth.
Competitive Analysis
Some of the major players operating in the global nano coatings market are Nanowerk. (U.S.), Nanovere Technologies, LLC. (U.S.), P2i Ltd. (U.K), Nanoslic Protective Ceramic Coatings (U.S.), NANOFILM. (U.S.), Inframat Corporation (U.S.), Plasmatreat Gmbh (U.S.), Nanophase Technologies Corporation. (U.S.), Nanogate SE (Germany), NanoTech Coatings · (U.S.), CYTONIX (U.S.), and Möller Medical GmbH & Co. KG (Germany).
Market scenario
Nano coatings refer to nano-sized particles used to impart superior properties such as corrosion resistance, abrasion resistance, fouling resistance, hydrophobicity, oleophobicity, and other properties to a substrate surface. Nano coatings are categorized into different types, based on the raw materials used and type of coating methods utilized. Technological advancement is expected to majorly drive the global nano coatings market at an exponential CAGR over the forecast period 2018-2023.
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Sol-gel Coatings Market By Top Company, Region, Application, Driver, Trends & Forecasts By 2027
Market Overview
Sol-gel coatings are a combination of inorganic and organic compounds prepared by sol-gel technology. The sol-gel process is used to convert small molecules to solid materials and involves converting monomers into a colloidal solution, which acts as a precursor for a network of particles. Sol-gel derived coatings have characteristics such as antifungal, antibacterial, wear resistance, UV protection, semiconducting or conducting, antistatic and others. They also show good oxidation control and chemical stability. They can be applied to substrates such as ceramics, metals, and plastics using various techniques such as dipping, inkjet printing, and spin coating. Some applications of the sol-gel coatings are the production of interference mirrors for optical systems, anti-reflection treatment of glass, conductive films in electronics and various types of protective coatings such as waterproof, corrosion-resistant and anti-scratch among others.
Rising demand for various sol-gel coatings such as self-cleaning, corrosion-resistant, and IR and UV energy resistant from the automotive and aerospace industry is driving the growth of the sol-gel coatings market. Moreover, the sol-gel technique is environment-friendly method for the protection of surface and can be used to replace toxic pretreatments and coatings such as chromate conversion coatings, which in turn has augmented the growth of this market. Furthermore, increasing demand for nanostructured thin films and water-based coatings is propelling the growth of the sol-gel coatings market. However, the high cost of these coatings is restraining the growth of the sol-gel coatings market.
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Market Dynamics
The automotive industry is the largest end-user of sol-gel coatings, owing to their applications in coating metal parts, paint surface treatments, metal structures, lamps, mirrors, and plastic hoods. For instance, sol-gel coatings containing fluorine functionalized alkoxy silane are used in the windshield and side mirror, while low refractive index material coatings are, is used in the rear-view mirrors.
Sol-gel Coatings Market Taxonomy:
On the basis of Product Type, Sol-gel Coatings Market is segmented into:
Corrosion Resistant
Water-Resistant
Wear Resistant
Photocatalytic Self-Cleaning Energy Resistant
Others
On the basis of End-use Industry, Sol-gel Coatings Market is segmented into:
Automotive
Aerospace
Building and Construction
Electrical and Electronics
Medical and Healthcare
Others
Key players operating in the sol-gel coating market include 3M Company, Akzo Nobel N.V., PPG Industries, Inc., Socomore S.A.S., CG2 NanoCoatings Inc, CMR Coatings GmbH, Praxair, Inc., Nano Tech Coatings GmbH, Nanovations Pty Ltd., and Nanogate AG.
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Nano Coatings Market - CAGR Status, Size Estimation, Share, Growth Trend, Business Analysis and Forecast 2021 to 2023
Nanocoatings are expected to witness a high demand over the next few years owing to its key advantages such as microbial resistance, corrosion resistance, UV protection, hydrophobicity, anti- self-cleaning property, anti-fingerprint property, etc. It is anticipated to pave its way across different industries such as consumer electronics, automotive, healthcare, chemical, etc. Market Research Future (MRFR) has observed that these factors are likely to expedite the growth pace of the Nano Coatings Market over the next couple of years. In addition, the report suggests that the market is poised to exhibit a healthy CAGR over the review period 2018 to 2023.
Nanocoatings are prognosticated to be used for increasing the efficiency of products in end-user industries. This, in turn, ensures a lucrative future trajectory for the Nanocoatings Market. Case to the point is, Xiaomi Corporation, a Chinese electronics company, is set to launch its Redmi 7A high-end smartphone which comes with splash resistance coating by P2i. In addition, the use of Nanocoatings in smartphones has unleashed developmental opportunities for the participants of the market. The increasing penetration of smartphones and other gadgets is prognosticated to drive the proliferation of Nanocoatings Market in the forthcoming years.
The growing demand for different types of coatings across different industries such as anti-microbial coatings in the healthcare industry, anti-fingerprint coatings in optics and electronics industries, etc. is projected to boost the sales of Nanocoatings in the foreseeable future. However, the high cost of the product remains an impediment to the expansion of the Nanocoatings Market.
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Competitive Dashboard:
Key Players are emphasizing on the introduction of more effective and efficient products. Growth strategies such as mergers & acquisitions, collaborations, partnerships, etc. are further expected to motivate the growth of the Nano Coatings Market in the years to come. Nanovere Technologies, LLC. (U.S.), CYTONIX (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.), and Möller Medical GmbH & Co. KG (Germany) are some of the crucial players in the market profiled for offering a detailed share analysis.
Market Segmentation:
The Raw Materials used in the Nanocoatings Market include titania (TiO2), alumina (Al2O3), chromia (Cr2O3), tungsten carbide (WC), silicon dioxide (SiO2), yttria-stabilized zirconia (YSZ), combination chemistries, lanthanum strontium manganite (LSM), and others.
The different Coating Methods used by the players in the Nanocoatings Market are physical vapor deposition (PVD), chemical vapor deposition (CVD), chemical and electrochemical deposition, layer-by-layer self-assembly (LBL), atomic layer deposition (ALD), electrospray and electrospinning, and others.
The different Types of Nanocoatings profiled in this report are anti-microbial coatings, anti-corrosive coatings, anti-fingerprint coatings, self-healing coatings (bionic & photocatalytic), easy to clean & anti-fouling coatings, anti-icing & deicing coatings, anti-reflection coatings, anti-graffiti coatings, oleophobic coatings, thermal barrier & flame-retardant coatings, hydrophobic coatings, and others.
Browse Key Industry Insights spread across 100 pages with 59 market data tables & 14 figures & charts from the report, “Nano Coatings Market Information: By Raw Material (Al2O3, TiO2), Coating Methods (CVD, PVD), Type (Anti-Corrosive, Antimicrobial, Anti-Fingerprint, Anti-Fouling, Anti-Graffiti, Oleophobic, Hydrophobic), End-Use Industry (Construction, Automotive, Electronics) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/nanocoatings-market-5992
The Key End-Users identified in this MRFR report for a detailed segmental analysis of the Nanocoatings Market are automotive, aerospace, building & construction, electrical & electronics, packaging, healthcare, marine industry, renewable energy, chemical, military & defense, and others.
Regional Analysis:
For an in-depth geographical assessment of the Global Nanocoatings Market, five regions have been studied in the report, viz. North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific. Asia Pacific resonates strong growth potential owing to the rapid developments being observed in the end-user industries such as healthcare, consumer electronics, automotive, etc. The regional segment is anticipated to maintain its leading position over the next couple of years.
North America and Europe are expected to witness high demand which is forecasted to boost the sales across the projection period. The strong economies of these regional segments are poised to provide impetus to market growth. Meanwhile, the MEA is also prognosticated to exhibit a considerable rise in the growth curve of the Nanocoatings Market over the assessment period.
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Nanocoatings Market Opportunity Analysis and Industry Forecast, 2020–2027
Reports and Data added a research publication document on Global Nanocoatings Market. Breaking the business down into major segments and highlighting different regions to get an in-depth analysis of this market. The study perfectly balances both subjective and statistical information to explain the current market scenario. The study uses relevant market data, like for historical years it uses data from 2016-2018 and taking 2019 as the base year it gives a result which is predicted to the year 2026.
The report includes the latest coverage of the impact of COVID-19 on the Nanocoatings industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.
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Companies considered and profiled in this market study:
Eikos Inc., Buhler PARTEC GmbH, Integran Technologies Inc., Bio-Gate AG, Nanofilm Ltd., Nanoveer Technologies LLC, Cima Nanotech Inc., P2i, Inframat Corporation, Nanophase Technologies Corporation, and Nanogate AG, among others.
The Nanocoatings industry has witnessed a stable growth rate in the past decade and is expected to continue on the same path in the forthcoming decades. Therefore, it is crucial to recognize all investment opportunities, potential market threats, restraining factors, challenges, market dynamics, and technological development to intensify footholds in the Nanocoatings sector. This report has evaluated all the above mentioned aspects to present a detailed assessment to the reader to assist them in achieving the desired growth in their businesses.
For this report, Reports and Data have segmented into the global Nanocoatings market on the basis of building type, material, end-user, and region:
Product Type Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Antimicrobial
Anti-Fouling & Easy-to-Clean
Self-Cleaning
Anti-Fingerprints
Others
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Online
Offline
Industry Vertical Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)
Healthcare
Automotive
Building & Construction
Electronics
Marine
Energy
Others
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Market Segment by Regions, regional analysis covers:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, and Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Role of the Nanocoatings Market Report:
1. Perform entry-level research by identifying the growth, size, leading players and market segments in the global Nanocoatings Market
2. Highlights the key business priorities in order to assist the companies in realigning their business strategies.
3. The key findings and recommendations highlight the crucial progressive industry trends in the Nanocoatings Market, thereby allowing players to develop effective long term strategies.
4. Modification of business expansion plans by using substantial growth opportunities offered by developed and emerging markets.
5. In-depth study of global market trends and outlook clubbed with the key factors driving the market, and those hindering it.
6. Enhance the decision-making process of the readers by understanding the strategies that underpin their commercial interests in accordance with the products, segmentation, and industry verticals.
7. The global Nanocoatings Market has been coming up as one of the most profit-making businesses across the globe. The market has been showing considerable growth figures led by the raw material affluence, increasing population, expanding regions, rapid growth in demands, and advancing technologies.
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Overall, this report provides a clear view of every vital factor of the market without the need to refer to any other research reports or data sources. Our report will equip you with all the strategically vital facts about the past, present, and future of the market.
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Nanocoatings Market By Product Type (Antimicrobial, Anti-Fouling & Easy-to-Clean, Self-Cleaning. Anti-Fingerprints), By Distribution Channel, By Industry Verticals (Healthcare, Automotive, Building & Construction, Electronics, Marine, Energy, Water Treatment, Packaging), Forecasts to 2027
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Nanocoatings Market Strategic Insights and key Business Influencing Factors | Major Players – Nanophase Technologies Corporation., Bio-Gate AG, AdMAT Innovations, Nanomech, Eikos.
Nanocoatings Market is a type of thin films which is usually applied on a surface to improve their physical characteristics. They usually improve the surface by providing corrosion protection, self- cleaning, thermal management, friction reduction etc. There main is to change the hydrophobic properties of the surface. These coating can be used in metals, ceramics, polymers and glass. These coating are widely used in industries like healthcare, automotive, construction, chemical, defense etc.
Global nanocoatings market is expected to rise to an estimated value of USD 34.11 billion by 2026, registering a healthy CAGR of 24.95% in the forecast period of 2019-2026. Increasing commercial activities and growing automotive industry are the factors for the growth of this market.
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Competitive Analysis: Global Nanocoatings Market
Few of the major competitors currently working in the global nanocoatings market are Buhler AG, Nanogate SE, Nanophase Technologies Corporation., Bio-Gate AG, AdMAT Innovations, Nanomech, Eikos, Tesla NanoCoatings, Inframat US Nanocorp, P2i Ltd, Integran Technologies, Nanovere Technologies, PEN BRANDS LLC, nano Care Deutschland AG, DryWired, NASIOL INDIA COATING, EZ Coating LLC., Nanovere Technologies, Schendeler and others
Key Pointers Covered in the Global Nanocoatings Market Trends and Forecast to 2026
Global Nanocoatings Market New Sales Volumes
Global Nanocoatings Market Replacement Sales Volumes
Global Nanocoatings Market Installed Base
Global Nanocoatings Market By Brands
Global Nanocoatings Market Size
Global Nanocoatings Market Procedure Volumes
Global Nanocoatings Market Product Price Analysis
Global Nanocoatings Market Healthcare Outcomes
Global Nanocoatings Market Cost of Care Analysis
Global Nanocoatings Market Regulatory Framework and Changes
Global Nanocoatings Market Prices and Reimbursement Analysis
Global Nanocoatings Market Shares in Different Regions
Recent Developments for Global Nanocoatings Market Competitors
Global Nanocoatings Market Upcoming Applications
Global Nanocoatings Market Innovators Study
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Key Developments in the Market:
In October 2018, HZO Inc announced that they are going to acquire Semblant Ltd so that they can provide protection solutions to the customers of both companies. With the help of the company’s new Spectrum of Protection portfolio manufacturer will be able to protect electrical component by using various protective coating materials. This acquisition will help the company to meet the rising demand of manufacturer for highly effective and scalable electronics protection
In August 2015, Nanopool GmbH announced that they have acquired nano-tech division of Bühler AG. This acquisition will help the nanopool to expand their business worldwide and to provide better solutions to their customers. The main aim is to meet the rising demand for high performance coating systems and high-quality products offering multi-functional properties
Scope of the Nanocoatings Market
Global Nanocoatings Market By Type (Anti-Fingerprint, Antimicrobial, Easy-To-Clean & Anti-Fouling, Self-Cleaning, Anti-Icing & Deicing, Anticorrosion, Conductive, UV Resistant, Abrasion & Wear Resistant, Others), Raw Material (Alumina, Titania, Chromia, Silicon Dioxide, Tungsten Carbide, Yttria-Stabilized Zirconia, Lanthanum Strontium Manganite, Combination Chemistries, Others), Coating Method (Chemical Vapor Deposition, Physical Vapor Deposition, Atomic Layer Deposition, Layer-By-Layer Self-Assembly, Electrospray And Electrospinning, Chemical And Electrochemical Deposition, Others), End- User (Building & Construction, Automotive, Aerospace, Electrical & Electronics, Healthcare, Packaging, Marine Industry, Military & Defense, Renewable Energy, Chemical, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global nanocoatings market is expected to rise to an estimated value of USD 34.11 billion by 2026, registering a healthy CAGR of 24.95% in the forecast period of 2019-2026. Increasing commercial activities and growing automotive industry are the factors for the growth of this market.
Nanocoating is a type of thin films which is usually applied on a surface to improve their physical characteristics. They usually improve the surface by providing corrosion protection, self- cleaning, thermal management, friction reduction etc. There main is to change the hydrophobic properties of the surface. These coating can be used in metals, ceramics, polymers and glass. These coating are widely used in industries like healthcare, automotive, construction, chemical, defense etc.
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Key insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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#Nanocoatings Market#Nanocoatings Market share#Nanocoatings Market size#Nanocoatings Market trends#Nanocoatings Market news#Nanocoatings Market report#Nanocoatings Market growth
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Nanocoatings Market Insights | Size, Status & Growth Factors | Forecast To 2025
21 November 2019 - Nanocoatings Market was USD 1,495.0 million in 2012. Rising importance of nanomaterials as fillers in automotive and medical industries on account of exhibiting excellent engineering properties is expected to have a substantial impact.
Nanocoatings find use in wide range of applications owing to their ability to exhibit excellent abrasion resistance, good transparency, and superior lubrication. Over the past few years, the U.S. EPA and European Commission have been framing numerous regulations aimed at restricting the VOC emissions in the manufacturing sector. Therefore, nanocoatings market is projected to witness significant growth regarding consumption in automotive and construction industries in the near future.
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Medical was the largest application, accounting for 14.7% of global market share in 2013. Rising demand for medical device coatings for offering excellent dielectric properties, dry-film lubricity, and thermal stability is expected to have a positive impact on nanocoatingsmarket.
Automotive is expected to witness significant gains as a result of increasing importance of nanocoatings for enhancing the gloss and color characteristics of interior parts of four wheelers. Furthermore, improving automobile production in the developed markets including U.S., Germany and UK owing to the increasing usage of four wheeler vehicles on a domestic level is expected to be a favorable factor.
Regional Insights
North America accounted for over 40% of global market volume share in 2013. Rising importance of the anti-microbial properties in healthcare and packaging industries of the U.S. is expected to have a positive impact. Furthermore, the positive outlook toward automotive manufacturing industry in Mexico owing to new investments by Nissan is projected to be a driving force.
Asia Pacific is projected to remain one of the most lucrative markets on account of Infrastructure improvement in China and India amid the supportive policies by national governments. Furthermore, the firm foothold of nanotechnology research institutes in Japan and South Korea is expected to allow the new establishment of strategic partnerships by nanocoatings vendors over the next few years.
Market Segment:
Nanocoatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Anti-Fingerprint
• Anti-Microbial
• 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
• Packaging
• Marine
• Water Treatment
• Electronics
• Buildings & Construction
• Automotive
• Energy
• Others (Including textiles/leather, industrial engineering etc.)
Nanocoatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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Key industry participants include Nanofilm Ltd., Inframat Corporation, Eikos Inc., Bio-Gate AG, P2i LTD., Nanogate AG, CimaNanoTech Inc., Integran Technologies Inc., Buhler PARTEC GmbH, Nanovere Technologies LLC and Nanophase Technologies Corporation.
High investment cost aimed for R&D along with increased spending on the established partnerships with technological institutions is projected to remain a key challenge for the industry. Furthermore, the low adoption rate of nanocoatings in developing markets including India and Mexico on account of their high price as compared to the conventional polymer counterparts is expected to have an adverse impact over the forecast period.
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