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Transparency Market Research published a new report "Nanocoatings Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" to its report store.
Albany, New York (PRWEB) September 04, 2014
Nanocoatings are a special type of materials that are obtained by shrinking raw materials to create a denser product. These raw materials are shrunk at the molecular level to get the desired type of nanocoating. The use of nanocoatings has been rising over the last few years owing to numerous advantages that they present over conventional coating materials.
Some of the benefits of using nanocoatings include: a lower VOC content, UV resistance, scratch resistance, low maintenance, resistance to corrosion, and also resistance to several classes of chemicals. A number of nanocoatings also offer better retention of color and gloss as compared to their traditionally used counterparts.
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Various estimates show that the widest type of nanocoating used across the world is anti-microbial coatings as they have numerous end uses. There are a number uses of this nanocoating variety in the healthcare segment and in the semiconductor industry where clean rooms have high cleanliness standards. These coatings are also widely used in the water treatment sector, in the food and beverage industry, as well as in the packaging and manufacturing industry.
The second-largest segment is that is anti-fouling nanocoatings. They are extensively utilized in the marine and shipping industry, electronics industry, food manufacturing sector, and in the automotive industry. The category of anti-fingerprint nanocoatings is projected to witness healthy growth in the coming years. This growth is largely attributed to the expansion of the healthcare and medical sector as well as the electronics and automotive sector. Finally, the Other category of nanocoatings finds a variety of uses in industries ranging from textiles to packaging to construction and more.
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Some of the largest contributors in the growth of the nanocoatings market are countries such as China and India. The growing scope of applications of the smart coatings makes them widely suited for use in the automotive and electronics industry. Since these are the very sectors that have also been witnessing rapid expansion in Asia-Pacific, nanocoatings will be in demand here.
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As of 2012, the highest demand came was North America where nanocoatings were extensively used in the medical and healthcare industry. Over the next few years, demand for nanocoatings in Europe is also expected to increase owing to VOCs being stringently regulated. The fastest growth over the next five years will be recorded by the Asia Pacific region.
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