Global Nanocoatings Market Anticipated to Reach 5,305.8 kilotons by 2026

LONDON, Jan. 9, 2018 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5251945



Coatings have become an integral part of various end-use industries, ranging from manufacturing to medical & healthcare. End-user industries have started to realise the advantages of using nanocoatings over conventional paints and coatings.

This combined with increased R&D activities have led to the growth of the nanocoatings market. It is expected to grow at a CAGR of 23.0% and 24.5% ($milllion) and (kilotons) between 2016 and 2026.

The report is a compilation of the different segments of global nanocoatings market, including market breakdown by nanocoating type, end-user industry and geographical areas. Herein the revenue generated from the nanocoating types, namely: self-cleaning (photocatalytic), anti-microbial, conductive, anti-fouling, self-cleaning (bionic), anti-corrosion, abrasion and wear resistant, thermal barrier, anti-fingerprint, anti-icing and uv-resistant; end-user industry, namely electronics, aerospace, food & packaging, automotive, medical & healthcare, building & construction and marine; and geography, namely: North America, Europe, Asia-Pacific, South America, and Middle East and Africa is tracked to calculate the overall market size, both in terms of value ($million) and volume (kilotons).

The report also provides market numbers and analysis on cross segments which includes country by end-user industries. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the global nanocoatings market. It also includes the key participants involved in the industry at the relevant sections.

The report answers the following questions about the global nanocoatings market:
• What is the size, in terms of value ($million) and volume (kilotons) of nanocoatings market in 2016, and growth rate during the forecast period, 2017-2026?
• What is the market size of different types of nanocoatings ($million and kilotons) and their growth rate during the forecast period, 2017-2026?
• How will each end-user industry of nanocoatings market grow during the forecast period and what will be the market size ($million and kilotons) of each of the end-user industry by the end of 2026?
• What is the market size for different regions and countries in terms of value and volume ($million and kilotons) in the nanocoatings market and their growth across the forecast period, 2017 to 2026?
• What are the major driving forces that tend to increase the demand for nanocoatings market during the forecast period?
• What are the major challenges inhibiting the growth of the global nanocoatings market?
• What is the competitive strength of key players in the global nanocoaotings market by analyzing through market share analysis?
• What are the key market players in the market, along with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

The report further includes a thorough analysis of the impact of the Porter's five major forces to understand the overall attractiveness of the industry. The most commonly used strategy for developing a better hold on the market has been through business expansions. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years.

Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), South America, and Middle East and Africa. Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global nanocoatings market are are Buhler AG, Nanogate AG, Bio-Gate AG, Nanofilm Ltd., and Nanophase Technologies Corporation, among others.

Executive Summary
With the advent of the technological era, paints and coatings have become an integral part of various end-use industries such as manufacturing, medical & healthcare, marine and automotive, among others. Earlier, paints and coating were used only for decorative purposes but over the years, end-user industries have realised that paints and coatings can be made functional to endow substrates with various desirable properties such as anti-corrosiveness, smudge protection, U.V. protection and others.

Conventional paints and coatings industry use various chemicals including the toxic hexavalent chromium to derive such properties. But, with the raising concern for the environment, industries have started to look for greener solutions as most of these chemicals are non-biodegradable, polluting and harmful for the environment. Nanocoatings are a perfect solution to these issues and are a more efficient when compared to conventional nanocoatings. Nanocoatings consists of various nano sized particles which endow substrates with different desirable properties.

In terms of value, the global nanocoatings market size was estimated to be $3,567.0 million in 2016, and is expected to grow at a CAGR of 23.0% between 2016 and 2026. In terms of volume, market size of the global nanocoatings market was estimated to be 593.0 kilotons in 2016 and is expected to grow at a CAGR of 24.5% through the forecast period.

The growth is attributed to the superior properties that the nanocoatings provide compared to the conventional coatings, industrialization in the APAC region, and increasing demand in the various end-user industries. Stringent environment regulations, harmful effects of nanocoatings on human health and non-uniform pricing of nanocoatings and raw materials are some of the factors that are hampering the growth of the nanocoatings market.

In spite of the restraining factors present in the industry, there are a number of opportunities for the market to flourish. Development of new end user applications, growing demand from emerging economies and the switch from conventional coatings to eco-friendly nanocoatings are few such factors.

The nanocoatings market can be classified by nanocoating types which include self-cleaning (bionic), self-cleaning (photocatalytic), anti-fingerprint, anti-microbial, anti-fouling and easy to clean, abrasion and wear resistant, UV resistant, anti-icing, flame retardant, anti-corrosion and conductive nanocoatings. Self-cleaning photocatalytic nanocoatings segment was the largest and is expected to grow at a CAGR of 23.0% between 2016 and 2026. This can be primarily attributed to the extensive use of photocatalytic nanocoatings in the construction industry.

The nanocoatings market revolves around the major end-use industries which include electronics, aerospace, food and packaging, automotive, medical and Healthcare, building and construction and marine, among others. Medical & healthcare was the largest end-user industry in the global nanocoatings market in 2016, accounting 19.1% of the total market size by volume. This growth can be primarily attributed to the multiple applications of nanocoatings in the healthcare industry; some of which include microorganism growth prevention, implant coatings, and anti-bacterial textile. Further, the market has been cross segmented focusing on region by end-user industries for the nanocoatings market.

The trends of the nanocoatings market varies with different geographical regions. The nanocoatings market holds a prominent share in various countries of Asia-Pacific (APAC), North America, Europe, South America, and Middle East and Africa. North America accounted for the largest market share of 39.8% in the global nanocoatings market. This was primarily due to the presence of large number companies in the region and the high adoption in the end-user industries.

Optitune, Tesla Nanocoatings, DryWired, P2i Ltd. and Semblant are some of the companies operating in the region.

The competitive landscape for the nanocoatings market demonstrates an inclination towards companies adopting strategies to expand their business and focusing on research and development activities.

Some of the major established players in the nanocoatings market, are focusing more on business expansion to keep a strong hold on the market. Bio-Gate AG, Buhler AG, Nanogate AG, Nanophase Technologies Corporation, AdMat Innovations Pvt. Ltd., Nanomech Inc., Surfix BV Advanced Nanocoatings, Telsa Nanocoatings Inc., Nano-Care AG, Nanofilm Ltd., Nanovere Technologies LLC, Integran Technologies, P2I Ltd., Inframat Corporation, Aquashield Technologies and Eikos Inc. are some of the prominent companies in the global nanocoatings market.

These companies are actively aiming at an increased number of agreements, partnerships, & collaborations, and products to expand their operations, thereby, enhancing their share in the nanocoatings market. These companies expanded their business in different countries to expand their customer base in the market.

The need for more R&D and appropriate regulatory environments is a prerequisite for sustained growth of this market. Various government and private research institutes, and regulatory bodies and associations are putting in substantial efforts to identifying how nanocoatings can be used in emerging applications such as food & packaging without harming humans and the environment.

Electronics is another end-user industry which is employing nanocoatings for flexible screens and to protect touch screens from finger print and dust smudges. The applications of nanocoatings are endless and with proper research and development, it will become an integral part of various end-user industries.

Countries Covered
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Norway
• Netherlands
• Belgium
• Rest of Europe
• Asia Pacific
• China
• India

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