New Study: Global Nanocoatings Market Trends & Growth 2024

MarketResearchReports.Biz presents this most up-to-date research on "Research Report On Nanocoatings: The Global Market" Industry Emerging Opportunities, Trends, Size, Drivers, Strategies, Products And Competitive Landscape 2024

Future Markets, Inc., in conjunction with Nanotech Magazine, has published a comprehensive market analysis thus far on the growing Nanocoatings sector. Presented in a graphical format, this fully updated report provides and easily readable and succinct guide to nanocoatings, their application and markets thereof. Nanotechnology is a key driver for new and innovative coating applications and nanocoatings have shown substantial growth in recent years. The nanocoatings industry is conservatively estimated to be $2billion in 2012, growing  to over $8 billion by 2024. In the coating sector, high transparency, new functionalities and high-quality performance are increasingly important requirements.

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The key element that nanostructured coatings provide however is protection-from ice, pollutant, UV, fire, heat, bacteria, marine life, touch and corrosion. These factors cost global industry billions in maintenance, loss and downtime each year and can pose a significant public health hazard. For example, direct corrosion costs account for 3-4% of a country’s GDP worldwide.Nanocoatings can significantly increase the cost/benefit ratio of products, providing cost effective solutions and improved performances. Moreover, nanomaterials lead to new functionalities, completely innovative characteristics and the possibility to achieve multifunctional coatings and smart coatings.

Main market drivers are as follows:

constantly increasing requirements on the performance of protective coatings
rising cost awareness
increasing environmental attention related to the reduction of solvent content
growing application of surface tolerant protective coatings systems or coatings providing universal adhesion
replacement of toxic inhibitors.
Exceptional properties

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Thin films, nanoscale coatings and nanostructured surfaces are widely applied in different industry sectors and provide prime examples of how nanotechnology can improve or disrupt the existing technology sectors or create new ones. Nanocoatings display significant performance advantages over traditional coatings as well as being more cost-effective in the medium- to long-term. Properties such as anti-microbialism, product longevity, thermal insulation, gloss retention, dirt and water repellency, hardness, corrosion resistance, flame retardancy, ultraviolet radiation stability, improved energy efficiency, anti-graffiti, self-cleaning, moisture absorbing, gloss retention and chemical and mechanical properties are improved significantly using nanostructured materials.

Global revenues

The global coatings market is estimated at over $95 billion in 2012. Global commercial and manufacturing institutions are turning to nanocoating technologies to further enhance current commercial products or add completely new properties to existing technology. Automotive, construction, polymer, solar, glass, oil and gas organizations understand that nanocomposite-based coatings offer significant product performance and cost-saving advantages.

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Asian market growing

The market will be driven by increased demand in the Asian and developing countries markets. The Chinese market is growing rapidly and photocatalytic TiO2 nanoparticles for self-cleaning and deodorizing effect are in strong demand in the rest of Asia. These coatings represent a $900 million plus market in Japan alone. There is strong government support for nanotechnology in these regions and a large number of multi-nationals and innovative companies developing products and processes based on nanoparticles. the coating sector, high transparency and new functionalities and high-quality performance are increasingly important requirements and nanomaterials are being increasingly exploited to meet these needs.

Report contents

Nanomaterials utilized in coatings and films including graphene, carbon nanotubes, nano-SiO2, nano silver, nano-TiO2, nano-ZnO, dendrimers etc.
Market structure and revenues
Key end user markets including energy, aerospace, automotive, textiles, biomedical, marine, exteriors, interiors, electronics & optics
Over 200 company profiles

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