Nanocoating is a thin film used to make the object waterproof for longer period of time. These coatings are anti-corrosive, anti-icing, UV resistance and resistant to chemical compound. They do not change the color of the product to which they are applied and cannot be seen with naked eyes. They are used in metals, ceramics and glass as they change the hydrophobic properties of the surface. It has a wide application in many industries such as construction, chemicals, healthcare, automotive and among others.
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Some of the factors boosting the Nanocoatings Market are:
- Rising awareness about the infections from various surrounding objects and hospital acquired infection: The most obvious reason is the rising awareness regarding the health of the individual. The awareness giving rise to significantly large volumes of demand for nanocoating as healthcare is one of the largest application for this category of product.
- Increasing demand for functional coating in display screen: Another factor that is inducing positive demands for nanocoating is the increasing preference of the coating on the display screen that is used to protect the screen from corrosion and makes it water resistant. The rising demand for the coating will significantly tend to grow automotive industry.
Strategic launches of products and expansion of businesses undertaken by market players:
- In July 2019, Applied Graphene Materials plc announced the launch of graphene into water based coatings that will enhance the shelf life of the product. Due to high anti-corrosion property of graphene, the product will last for 30 years. It will help in the easy corporation of graphene into coating.
- In April 2019, Qurin Diagnostics, Inc and LioniX International have acquired Surfix BV, as the nanocoatings offered by the company are highly beneficial for their medical products. The nanocoating is being used on the biophotonic sensor technology which detects cancer in its early stage. This acquisition will increase the product portfolio of the company and their global reach in the market.
The market is segmented on the basis of type as anti-fingerprint, antimicrobial, easy-to-clean & anti-fouling, self-cleaning, anti-icing & deicing, anticorrosion, conductive, uv resistant, abrasion & wear resistant, others; raw material as alumina, titania, chromia, silicon dioxide, tungsten carbide, yttria-stabilized zirconia, lanthanum strontium manganite, combination chemistries, others; coating method as chemical vapor deposition, physical vapor deposition, atomic layer deposition, layer-by-layer self-assembly, electrospray and electrospinning, chemical and electrochemical deposition, others; end- user as building & construction, automotive, aerospace, electrical & electronics, healthcare, packaging, marine industry, military & defense, renewable energy, chemical, others
“According to Data Bridge Market Research, Global Nanocoating Market is expected to reach USD 34.11 billion by 2026, growing with a healthy CAGR of 24.95% during the forecast period of 2019 to 2026”
Some of the major players operating in 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
The increasing demand of the nanocoating due to its functional properties and wide benefits in many industries will beneficial for the growth of the market. There is growing opportunity for the healthcare, automotive and construction market by using the nanocaoting on the products they are offering to their consumers by impacting a positive growth in the market.
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