Nanocoatings Global Market Report 2023
Major players in the nanocoatings market are P2i Ltd., Nanovere Technologies LLC, Nanofilm Ltd., Nanophase Technologies Corporation, Tesla NanoCoatings Inc., Bio-Gate AG, Buhler AG, Cima NanoTech Inc.
New York, March 29, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Nanocoatings Global Market Report 2023" - https://www.reportlinker.com/p06317627/?utm_source=GNW
, Eikos Inc., Inframat Corporation, Integran Technologies Inc., Nanogate AG, Nanomech Inc., Cleancorp, Nano-care Deutschland, Surfix BV, CG2 Nanocoatings Inc., ACTnano Inc., Ecological Coatings, PPG Industries, Green Earth Nano Science Inc., BASF, AdMat Innovations, Albert rechtenbacher GmbH, NANOBIZ.PL Ltd., NanoMate Technology Inc., Nanopool GmbH, Nanosol AG, Surfactis Technologies SAS, Aculon Inc., and Beijing ChamGo NanoTech Co Ltd.
The global nanocoatings market grew from $8.93 billion in 2022 to $11.06 billion in 2023 at a compound annual growth rate (CAGR) of 23.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The nanocoatings market is expected to grow to $25.7 billion in 2027 at a CAGR of 23.5%.
The nanocoatings market consists of sales of antiwear and superhydrophobic nanocoatings.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The nanocoatings refer to nanoscale thin films that are applied to surfaces to generate or improve the functions of a material.Nanocoatings have a thickness of a few tens to a few hundreds of nanometers and overcome the drawbacks of conventional coating methods.
Nanocoatings are widely used in various industries for friction avoidance, water resistance, corrosion protection, water and ice protection, and other benefits.
North America was the largest region in the nanocoatings market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the nanocoatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of nanocoatings are anti-microbial, self-cleaning, anti-fingerprint, anti-corrosion and others.The anti-microbial nanocoatings stops the growth of disease-causing micro-organisms such as gram-positive and gram-negative bacteria on a surface.
These bind to bacterial cell membranes and disrupt bacterial metabolism, resulting in pathogen-free surfaces.Nanocoatings are mostly distributed through online or offline distribution channel and are used in industries such as construction, food packaging, healthcare, electronics, automotive, marine and others.
Nanocoatings have various application in food manufacturing, marine coatings, water treatment, household care and others.
The booming automotive industry is significantly driving the growth of the nanocoatings market.The automotive industry is booming due to various reasons such as rising middle-class income, a huge youth population, rapid urbanization, and others.
Nanocoatings are used in automotive vehicles for increasing hardness and durability to protect against scratching, corrosion, and other issues.The booming growth of the automotive industry will increase the usage of nanocoatings as these are an essential part of the vehicle components.
For instance, according to the production statistics by the International Organization of Motor Vehicle Manufacturers (OICA), overall motor vehicle manufacturing increased by 3% in 2021 compared to 2020 globally. Global sales of all motor vehicles increased from 78.8 million in 2020 to 82.7 million in 2021. This incremental growth in the production and sales of motor vehicles will invariably increase the demand for nanocoatings to be used in them. Hence, the booming automotive industry is expected to propel the growth of the nanocoatings market.
Technological advancement is a key trend gaining popularity in the nanocoatings market.Technological advancement includes the launch of new technology in nanocoatings such as a new technology combining carbon nanotubes and aggregate to improve and offer better corrosion inhibition, greater durability, and other benefits.
The key players in the nanocoatings market are focusing on developing technologically advanced products to strengthen their position in the market. For instance, in 2020, Tesla Nanocoatings Inc., a US-based carbon nanotechnology firm introduced NANO Non-Skid, a novel technology that combines carbon nanotubes with sacrificial zinc and non-Skid aggregate for worker safety. Teslan 1105 Zn-CNT Single Coat Deck Epoxy is NANO Non-Skid. The ground-breaking new solution is a three-component epoxy that is solvent-based and developed to protect steel and metallic substrates. It offers anti-Skid properties, increased durability, and superior corrosion inhibition.
In October 2020, SDC Technologies Inc., a US-based company offering premium, high-performance abrasion resistant coating solutions acquired COTEC GmbH, for an undisclosed amount. With this acquisition, SDC Technologies expands its coating product offerings with the inclusion of PVD (physical vapor deposition) and MLD (molecular layer deposition) materials for hydrophobic, oleophobic, and anti-reflective coatings. The acquisition also expands SDC Technologies’ footprint in new markets. COTEC GmbH is a German firm that specializes in vacuum coating, nanotechnology, and evaporation chemicals.
The countries covered in the nanocoatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The nanocoatings market research report is one of a series of new reports that provides nanocoatings market statistics, including nanocoatings industry global market size, regional shares, competitors with a nanocoatings market share, detailed nanocoatings market segments, market trends and opportunities, and any further data you may need to thrive in the nanocoatings industry. This nanocoatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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