Overview:
Long-lasting products have an alluring appeal. Be it consumers or the end-user industries, products with a significant lifespan impact markets better than the regular ones. And when it can be achieved by adding substances in layers over the product, the component itself becomes more lucrative. One such is nanoparticles, that, when applied on the surface of products it enhances the lifespan of the target product by increasing corrosion resistance, microbial resistance, thermal resistance, UV protection, scratch & abrasion resistance, hydrophobicity, oleophobicity, anti-reflection property, self-cleaning property, anti-icing & deicing property, antifouling property, and anti-fingerprint property and others. The nanoparticles market is all set to score high during the forecast period (2018-2023), as revealed by Market Research Future (MRFR) in a well-documented paper. Its wide applicability on products such as metals & alloys, plastic, wood, and concrete makes it a market favorite. Anti-fingerprint coatings are gaining traction in sectors such as electronics, optics, and automotive industries where touch-based technologies play significant roles. On the other hand, easy to clean and anti-fouling coatings are providing much assistance to the marine industry. Healthcare and food packaging industries are also benefitting from anti-microbial coatings.
However, Nanoparticle coating incurs higher production cost which can slow down the growth rate considerably. The traditional coating is cheaper than nanocoating, and often industries opt for this one than choosing nanoparticles.
Industry Trend:
Nanocoatings are impacting diverse industries and in doing so enhancing the quality of life. For instance, nanoparticles coating is neutrophil membrane-coated nanoparticles protect bone joints from further damage by stopping synovial inflammation. On the other hand, nanocoating’s ability to prevent liquid from damaging electronics is spurring the smartphone industry considerably.
Scientists from the School of Biological and Marine Sciences, Peninsula Schools of Medicine and Dentistry and the School of Engineering at the University of Plymouth, have recently found that a combination of silver, titanium oxide, and hydroxyapatite can protect dental implants and reduce the risk of infection.
Segmentation:
The Global Nano Coatings Market can be segmented by Raw Material, Coating Method, Type, End-Use and Industry.
Based on Raw Material, the Global Nanocoatings Market is segmented into alumina (Al2O3), titania (TiO2), chromia (Cr2O3), silicon dioxide (SiO2), tungsten carbide (WC), yttria-stabilized zirconia (YSZ), lanthanum strontium manganite (LSM), combination chemistries, and others.
On the Basis of the Coating Method, the market comprises chemical vapor deposition (CVD), physical vapor deposition (PVD), atomic layer deposition (ALD), layer-by-layer self-assembly (LBL), electrospray and electrospinning, chemical and electrochemical deposition, and others.
Type-wise segmentation consists anti-corrosive coatings, anti-microbial coatings, anti-fingerprint coatings, easy to clean & anti-fouling coatings, self-healing coatings (bionic & photocatalytic), anti-icing & deicing coatings, anti-graffiti coatings, anti-reflection coatings, thermal barrier & flame-retardant coatings, oleophobic coatings, hydrophobic coatings, and others.
Based on End-Use Industry, the Global Nanocoatings Market is segmented into building & construction, automotive, aerospace, electrical & electronics, healthcare, packaging, marine industry, military & defense, renewable energy, chemical, and others.
Regional Analysis:
Region-specific segmentation of the market reveals Asia Pacific (APAC), North America, Europe, Latin America (LATAM), and the Middle East & Africa (MEA).
The APAC is the fastest growing and largest market. The region is witnessing a massive boom in the industrial sector owing to which a lot of companies are now investing heavily in Nanocoatings. Countries such as China, Japan, India, and South Korea are contributing the most to this sector. End-user industries are also creating demand for the market in North America and Europe, regions that are technologically superior. The renewable energy industry is one sector that can create huge demand for the same in nations across the globe.
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