Nanocoatings Market (Type: Anti-fingerprint, Anti-microbial, Anti-corrosion, Abrasion & Wear Resistance, Anti-fouling, Self-cleaning, UV Resistance, Anti-icing, Thermal Barrier & Flame Retardant, and Conductive) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031
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The nanocoatings market is gaining a groundswell of attention owing to the substantive demand for advanced materials in various industrial applications. Nanocoatings possess properties such as abrasion resistance, ductility, lubricity, hardness, and transparency which make them ergonomic to be used in diverse applications. Its efficiency over conventional coatings owing to its superior properties has created million-dollar nationwide opportunities for the nanocoatings market. The application of nanocoatings in various end-use industries such as automotive, electronics, healthcare, and others has generated multiple revenue generation opportunities during the forecast period of 2022-2031.
The market survey conducted by a team of analysts provides deep insights into the growth trajectory of the nanocoatings market. The research report has projections regarding the market growth which suggest that the global market will reach a mark of US$ 60.8 Bn and register a significant CAGR of 20.8% by the end of 2031.
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Increase in Urbanization to Serve as Growth Booster for Nanocoatings Market
Urbanization has stemmed from rapid industrialization. Owing to this, the rural to urban migration has shown a voluminous growth. This aspect has led to a pressing need for commercial and residential spaces. Concurrently, the demand for automotive and consumer electronics has escalated over time. Subsequently, the requirement for nanocoatings has increased considerably owing to their protective properties such as protection from moisture, corrosion, UV radiation, and other external aspects. Furthermore, the rising concerns regarding VOC emissions have proved to be growth propellers for the market growth.
Nanocoatings Market to Reap Rapid Growth Owing to Anti-Microbial Features
The superior quality of nanocoatings such as anti-corrosion, anti-fouling, self-cleaning, and abrasion resistance have created immense growth opportunities for the nanocoatings market. The anti-microbial properties of nanocoatings have been fruitful for the packaging industries. They protect the surfaces of the equipment used in the healthcare and food and beverage industries. The escalating demand for nano coating in the packing of medicines, food, beverage, and personal care products due to its anti-microbial properties has underpinned the growth dynamics of the nanocoatings market.
The research and development activities have geared up owing to the utility aspect of nanocoatings in diverse end-use industries. The novel technologies have spurred up and increased the future demand of the nanocoatings market as they are advanced and efficient compared to conventional coatings. The improvisation in the techniques has led to a new wave of transformation in the nanocoatings market. The strategic collaborations with joint ventures, mergers, acquisitions, and startups have supported the expansion of the market across the globe.
The recent developments such as the integration of carbon nanotubes with nonskid aggregate and sacrificial zinc to provide enhanced durability and the launching of new series of coating equipment in the consumer electronics industry have created remarkably attractive opportunities for the nanocoatings market.
The key market players operating in the global market are Nanofilm Ltd., Inframat Corporation, Eikos Inc., Cima Nanotech Inc., Bio-Gate AG, and Buhler PARTEC GmbH,
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North America Estimated To Be Large Revenue Generators in Global Nanocoatings Market
North America is prognosticated to lead the global nanocoatings market owing to the adoption of green technology in this region. Furthermore, the players in this region are whetting their expertise over relentless research and development activities and launching novel and technologically advanced products which ultimately have catered to the growth of the nanocoatings market.
Asia Pacific and Europe are showing rapid growth due to the increase in construction activities in this region. Rapid urbanization has created multiple growth avenues for the nanocoatings market in this region. Consequently, the increase in the application of nanocoatings in several end-use industries has stated substantive growth for the nanocoatings market.
Market Segmentation:
By Type:
- Anti-fingerprint
- Anti-microbial
- Anti-corrosion
- Abrasion & Wear Resistance
- Anti-fouling
- Self-cleaning
- UV Resistance
- Anti-icing
- Thermal Barrier & Flame Retardant
- Conductive
By End-use
- Healthcare
- Aerospace
- Automotive
- Textiles
- Construction
- Electronics
- Food & Packaging
- Energy
- Marine
- Others
Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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