According to the latest market research study released by Technavio, the global nanocoatings market is expected to grow at a CAGR of more than 25% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global nanocoatings market based on end-user:
Global nanocoatings market shares by end-user 2015
|
Construction |
21.0% |
|
Food and packaging |
18.5% |
|
Healthcare |
16.5% |
|
Electronics and energy |
14.5% |
|
Others |
13.5% |
|
Automotive |
9.0% |
|
Marine |
7.0% |
Source: Technavio
The top three revenue contributing end-user segments are discussed below:
Global nanocoatings market in construction industry
In 2015, the construction industry accounted for around 21% share in the global nanocoatings market and is expected to grow steadily during the forecast period due to an increase in the investments. Dirt repellent protective coatings coupled with photocatalytic coatings are the most prominent nanocoatings used in the construction industry. The low volatile organic carbon (VOC) content in these coatings has led to the high adoption in developed regions such as the US, where strict regulations encourage low emission levels. The increasing consumer bases in these regions are focusing on renovating their houses in a sustainable way, which in turn is fueling the demand for nanocoatings.
“Nanocoatings are precisely used to protect various construction surfaces including concrete, sand limestone, glass, or marble against environmental influences causing water staining, algae, soot, and oil stains. They also act as anti-corrosive materials for reinforced steel structures. Nanocoatings make the building surface highly hydrophobic and oleophobic which reduces the maintenance costs and increase the time span for maintenance,” says Ajay Adhikhari, a lead analyst at Technavio for research on paints, coatings, and pigments.
Global nanocoatings market in food and packaging industry
Food and beverage flooring materials are covered with nanocoatings that display different properties to provide enhanced defense against contamination, which can in other ways, lead to the spoiling of food and beverage materials. Anti-microbial coatings are mainly used to protect fruits and vegetables from exposure to harmful bacteria. Other variants in the food and beverage industry include seafood, meat, and poultry products. The main use of nanocoatings can be seen in the floorings of any food and beverage industry. The floor needs to be protected from hot oils, fats, blood, and other varieties of organic acids and ultimately avert the growth of uncontrolled bacteria.
Global nanocoatings market in healthcare industry
Nanocoatings are used for most important purposes in the healthcare industry as they are widely used for sterilizing medical equipment to prevent infections. In the healthcare industry, anti-microbial coatings are applied on medical clothing materials. Some bacteria and viruses continue to grow when they are in contact with the human body which increases the chances of catching infectious diseases. Anti-microbial coatings are used for providing a coating over medical devices that are used in contact with body fluids such as blood and urine. Usually, parylene polymers are used for coating medical devices which is a thin film of the polymer coating. It is composed of chemical vapor deposited polymers, that protects several devices and components in the healthcare industry.
The top leading vendors operating in the global nanocoatings market are:
- Bio-Gate
- Buhler GmbH
- Cima NanoTech
- Inframat
- Nanogate
Other prominent vendors in the market include Nanophase Technologies, AdMat Innovations, Surfix BV Advanced Nanocoatings, NanoMech, Eikos, Tesla NanoCoatings, CG2 NanoCoatings, P2i Ltd., and Integran Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Nanocoatings Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Antimicrobial Packaging Market 2016-2020
- Global Titanium Dioxide Nanomaterials Market 2016-2020
- Global Polymer Nanocomposites Market 2015-2019
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