Nano Coating Market

2021-2030 Analysis and Review Nano Coating Market

Nano Coating Market

Nano Coating Market By Application (Automotive, Healthcare, Food & Packaging, Electronics, Building & Construction, Marine Industry), By Product (Anti microbial nanocoatings, Anti-fingerprint nanocoating, Self-cleaning nanocoating, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

10-03-2022 REP-HC-139317 110 pages Format

Global nano coating market, is anticipated to grow at a CAGR of 25% for the forecast period 2022-2030. Nano coatings are broadly classified on the account of characteristics of the product as anti-microbial nano coatings, anti-finger print nano coatings, self-cleaning nano coatings, easy to clean and anti-fouling nano coatings and others. Antimicrobial Nano-coating contains antimicrobial agents such as organosilanes, titanium oxides, silver ions and other that helps to inhibit the growth of microorganisms on the coated surface. Surging number of hospital acquired infection cases are promoting huge demand for the antimicrobial coating in the Nano coating market.

Nano Coating Market

Key Markets and Opportunities

Antimicrobial Nano Coating is anticipated to rise with a CAGR of about 23.5% during the forecast period.  Apart from anti-microbial coatings, anti-finger print nano coatings helps to coat the surface in a manner that the optical contrast of the fingerprint is reduced due to which the contamination of the fingerprints becomes invisible to the naked eyes. The anti-fingerprint effect is achieved with the help of partly open inhomogeneous coating. Increasing demand for Anti-Fingerprint Nano-coating in a touch screen application is promoting huge growth in the Nano-coating market. High adoption of touch based technology can be observed in the recent years. Due to these, anti-finger print nano coatings are likely to grow with the highest CAGR 27.9% during the forecast period.

Price Fluctuations Remains as a Key Challenge

Raw material price fluctuations and capability of suppliers to supply raw materials of high quality standard and deliver them when required on time can impact the overall cost of nano-coating product. Manufacturing operations are highly dependent upon the delivery of materials by outside suppliers and their assembly of major components and subsystems used in our products in a timely manner and in full compliance with purchase order terms and conditions, quality standards, and applicable laws and regulations. The supply chains of businesses could also be disrupted by external events such as natural disasters, pandemic health issues, terrorist actions, labor disputes or governmental actions. Hence manufacturers would have look out for suppliers providing raw materials of same standard and price. Farther the supplier, higher will be the cost of raw material, with increasing transportation, which will eventually increase final cost of products. In last five years, price of specialty chemicals has fluctuated by an average ±5% and that of commodity chemicals by ±2%. International Association for Nanotechnology has found price variation a grave issue affecting the overall industry. With players investing in the market, the probability of shortage with respect to raw materials will increase significantly. Inability to fill our supply needs would jeopardize our ability to fulfill obligations under commercial and government contracts, which could, in turn, result in reduced sales and profits, contract penalties or terminations, and damage to customer relationships.

Healthcare Applications to Witness Significant Growth

In healthcare, issues like contamination and infection are looked upon in a grave manner. Hence, it is equipping materials and surface with high level of hygiene using antimicrobial agents is the need of the hour. Some of the challenges key features sought after nano-coatings in healthcare are biocompatibility, coating adhesion, uniform coverage, durability, and strength. Healthcare application of nano coating will be of great demand in coming years, with increasing healthcare expenditure, rising incidence of infectious diseases, and increasing life science research funding being the main drivers of the market for the forecast period. Healthcare nano-coating application market is anticipated to grow at a CAGR of 23.8% during the future period. North America dominates the healthcare application of nano-coating with a share of about 39.66% in 2021. Asia Pacific healthcare nano-coating market is anticipated to grow with highest CAGR 26.8% during the forecast period.

NA Takes the Lion Share in terms of Market Revenues

North American nanocoating market is geographically segmented into U.S., Canada and Mexico. U.S. dominates the North American nanocoating market and held the largest market share of around 72.5% in 2021.Asia Pacific is the fastest growing country in the global nano coating market. Asia Pacific market is growing with a CAGR of 28.0% during forecast period. The growth in the Asia Pacific nano coating market is mainly influenced by the growing government support, rising technological advancement and increasing in research and development activity in the region. The rising adoption of nano coating in defense sector and healthcare sector is boosting the growth of the Asia Pacific nano coating market. Below table contains the estimated values for each of the region in global nano coating market.

Product Launches Remain as The Key Strategy

The companies across globe are adopting various strategic initiatives in which product launch is one of the key strategy which is adopted by key players to sustain in the global market.The companies are investing a significant amount in research and development which ultimately results in the development of new products in the market. Acquisition is the second most strategy which is being adopted by the companies to take the competitive advantages that are adopted by the companies to gain competitive advantages over competitors. The companies are looking forward to increase their product portfolio by acquiring other companies which give the companies to take competitive advantage in the global market. The market is dominated by companies such as P2i Ltd., Tesla Nano coatings, Inframat Corp, Cg2 Nano coatings, and Eikos Inc.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative andqualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

Global Nanocoating Market, By Application, 2020-2030, ($Millions)

  • Automotive
  • Healthcare
  • Food & Packaging
  • Electronics
  • Building & Construction
  • Marine Industry
  • Others

Global Nanocoating Market, By Product, 2020-2030, ($Millions)

  • Anti microbial nanocoatings
  • Anti-fingerprint nanocoating
  • Self-cleaning nanocoating
  • Easy to clean & Antifouling nanocoating
  • Others

By Region (2020-2030; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global nanocoatingmarket?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?

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