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Nanocoatings Market Size Worth USD 22.96 Billion in 2027

Post Time:Jun 15,2021Classify:Industry NewsView:948

Vancouver, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) -- The global nanocoatings market size is expected to reach USD 22.96 Billion in 2027 registering a CAGR of 18.4% over the forecast period, according to a latest report by Emergen Research. Major factor driving market revenue growth is its increasing demand in end-use industries such as automotive, healthcare, electronics, building & construction, marine, energy, water treatment, and packaging.


Medical devices, such as  catheters, stents, temporary or permanent implants, anastomotic devices, vascular grafts, embolic devices, aneurysm repair devices, and implantable devices are often infected with opportunistic bacteria and other infectious micro-organisms. Antimicrobial nanocoatings are therefore applied on such medical devices. Nanocoatings are deployed in surgical instruments, bone replacement materials, and prosthetic devices. Also, yeasts and oral bacteria may result in several oral ailments such as dental caries, periodontal disease, oral thrush, tooth root & pulp disease, and infections on dental implants or dental braces. Nanocoatings are a veritable solution for repelling such yeast and bacteria.


Furthermore, the COVID-19 pandemic is expected to increase demand for nanocoatings. The Indian Department of Science and Technology (DST) has approved the use of antiviral nanocoatings masks to prevent the spread of the coronavirus. Under the Nano Mission on DST has granted permission for N-95 and triple layer medical masks to be coated with antiviral nanocoatings.


In the coming years, strict regulatory requirements limiting the use of nanotechnology and nanomaterials may restrain market growth. The use of nanotechnology results in products with properties that differ from those produced using traditional methods. Due to the unique features and properties of nanomaterial they are closely regulated by the FDA. Manufacturers of nanocoated products are therefore faced with steep regulations.


Key Highlights From The Report

Antimicrobial nanocoatings had the biggest market share in 2019 and are predicted to register a CAGR of 18.0% over the forecast period. Nanocoatings with antibacterial properties are becoming increasingly important in the fight against antibiotic resistance. Nanocoatings may be employed in antimicrobial therapy as diagnostics, preventives, medication transporters, and synergetics.


By distribution channel, the online distribution channel is expected to grow at a faster rate of 20.9 percent over the forecast period, as this mode of distribution has the advantage of providing a broader exposure to the manufacturers' products, especially with the proliferation of smart devices and internet connectivity.


The building and construction sector is expected to register a CAGR of 18.5 percent over the forecast period. Nanocoatings are nanoscale thin film coatings used to preserve the surfaces of a variety of construction materials, including glass, concrete, marble, steel, and sand limestone, among others. These coatings help protect them from things like algae, moss, water, and oil stains, as well as help in friction reduction, heat resistance, and prevent corrosion.


In 2019, North America accounted for the largest revenue share in the nanocoatings market, which is expected to register a 17.7% CAGR over the forecast period. North America market's larger revenue share is owing to the growth of healthcare industry, technological advancements, and presence of key players in the region.


Key participants include Eikos Inc., Buhler Partec GmbH, Integran Technologies Inc., Bio-Gate AG, Nanofilm Ltd., Nanoveer Technologies LLC, Cima Nanotech Inc., P2i, Inframat Corporation, Nanophase Technologies Corporation, and Nanogate AG, among others.


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Emergen Research has segmented the global nanocoatings market on the basis of product type, distribution channel, industry vertical, and region:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Antimicrobial

Anti-Fouling & Easy-to-Clean

Self-Cleaning

Anti-Fingerprints

Others


Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Online

Offline


Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)

Healthcare

Automotive

Building & Construction

Electronics

Marine

Energy

Water Treatment

Packaging

Others


Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of Asia Pacific

Latin America

Brazil

Rest of Latin America

Middle East & Africa

Saudi Arabia

UAE

South Africa

Rest of Middle East & Africa

Source: www.globenewswire.comAuthor: shangyi

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