LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global nanocoatings market is expected to grow at a CAGR of more than 25% during the forecast period.
“Increased focus on reducing infections and establishing a hygienic environment in the healthcare industry has led to a significant increase in demand for anti-microbial nanocoatings which dominated the market with more than 31% of the market share”
This report titled ‘Global Nanocoatings Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis forecasts for various market segments and all geographical regions.
“Increased focus on reducing infections and establishing a hygienic environment in the healthcare industry has led to a significant increase in demand for anti-microbial nanocoatings which dominated the market with more than 31% of the market share,” says Swapnil Tejveer Sharma, a lead analyst at Technavio for paints, coatings, and pigments research.
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The market research analysis categorizes the global nanocoatings market into five major segments based on type of nanocoating, of which the top three are discussed in detail below. They are:
- Anti-microbial nanocoatings
- Anti-fingerprint (AFP) nanocoatings
- Anti-fouling nanocoatings
- Easy to clean nanocoatings
- Self-cleaning nanocoatings
Global anti-microbial nanocoatings market
The global anti-microbial nanocoatings market is expected to grow at a CAGR of over 23% during the forecast period. The demand for anti-microbial coatings is high in developed countries, especially in the US and Canada, where there is technological advancement in the medical sector. Increased focus on reducing infections and establishing a hygienic environment in healthcare centers is driving the market. According to the statistics provided by the US Centers for Disease Control and Prevention (CDC), there are between 1.9 million and 2.1 million people who get infected through hospital hygiene annually. Therefore, there is a growing demand for anti-microbial nanocoating surfaces, which can aid in preventing infections from hospitals like severe acute respiratory syndrome (SARS) and methicillin-resistant Staphylococcus aureus (MRSA) infections.
“Anti-microbial nanocoatings are also widely used in other public spaces like schools, offices, public transports, and other commercial markets, where there are chances of spreading infections,” says Swapnil.
Global anti-fingerprint (AFP) nanocoatings market
The global AFP nanocoatings market is expected to grow at a CAGR of more than 25%. AFP coating on the surface of stainless steel has gained a lot of popularity, and the demand for this coating is increasing due to its ability to strengthen surface hardness. AFP coating is transparent and provides longer durability to steel surfaces. It protects steel surfaces from water, dust, fingerprints, and oils, and makes the cleaning process easier.
AFP coating is primarily used for coating applications in the aeronautics and automotive industries. Stainless steel objects with AFP coatings are known to clear the cross-cut test with cent percent efficiency, where the objects retain the mechanical strength and properties, despite being folded, bent, or stretched.
Global anti-fouling nanocoatings market
The global anti-fouling nanocoatings market is expected to grow at a CAGR of close to 25%. The use of anti-fouling nanocoating is extensive in the marine industry. Anti-fouling nanocoatings aid in increasing the speed and performance of ships, boats, and other marine vehicles. These marine vessels often face problems associated with interventions in movement due to clogging and coating from marine flora and fauna like barnacles and weeds. Usually, anti-fouling nanocoatings are tributyltin polymer paints embedded with biocides, to prevent the bio-fouling of the marine vessels.
The top vendors highlighted by Technavio’s chemicals and materials market research analysts in this report are:
- Buhler GmbH
- Cima NanoTech
Browse Related Reports:
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- Global Polymer Nanocomposites Market 2015-2019
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