Insights of Nanocoatings Market in Global Industry Development and Forecast to 2025
Nanocoatings are a consistent network of nano molecules used to seal a material at an atomic level through methods such as atomic layer deposition (ALD). These coatings are also called smart coatings due to their small size, which is lesser than 100nm. Nanocoatings are used to attain high durability, superior opacity, and advanced bonding between surface and coating. Different nano particles exhibit varied properties such as water repellence, dirt repellence, thermal and electrical conductivity, insulation, wettablity, temperature resistance, and scratch resistance. Owing to such superior properties and high performance, nanocoatings are a preferred choice over conventional coatings. Various nano-materials widely used across industries include titanium dioxide, silicon dioxide, carbon black, iron oxide, zinc oxide, and silver. Nanocoatings possess low VOC content and anti-corrosive properties, while also being resistant to UV radiations and chemicals. The lack of technology to help explore technically and economically viable options, poses a major challenge for growth of the nanocoatings market. Furthermore, more research is required to understand the behavior of this coating before being introduced in newer markets.
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Self-cleaning coats are made of silicon oxide, which is highly hydrophobic in nature, hence, keeps the surface clean. These coatings have photo catalytic nanocrystals that react to a source of light to self-sanitize surfaces such as that of upholstery. They repel dirt, water, mold, and germs. Anti-microbial coatings prevent microbes from infecting the surface it is applied on, thus making it useful for food, beverages, and healthcare applications Anti-fingerprint coatings reduce the visibility of fingerprints on coated surfaces, making it useful for car surfaces, decorative frames, sanitary fittings, and decorative consumer goods. Anti-fouling coatings are easy to clean and help keep surfaces free from fouling organisms, thus widely used in the marine and transportation industry.
Advancements in medicine have resulted in the growing geriatric population, thus causing exponential growth of the medical devices market. Nanocoatings are widely used in healthcare devices, in turn making the healthcare industry the largest end-user of nanocoatings. Construction is the next largest end-user industry, as the use of nanocoatings provides protection from moisture, thus reducing the need for maintenance. Marine nanocoatings are also commonly used, as they make the surface smooth, low frictional and slippery, not allowing fouling organisms to attach to the surface. Additionally, these are eco-friendly substitutes for anti-fouling agents.
Nanocoatings Market Outlook
Asia Pacific is projected to be the largest growing market over the forecast period. The countries of India, China and Indonesia are slowly heading towards greater market share across all end-user industries. Despite this industrial efficiency are not at anywhere near European and North American levels. Employment of new technologies can help achieve this and drive the market even more.
North America and Europe are leaders in nanocoatings market. This is primarily due to stringent regulatory norms on eco-friendly coatings with low VOC content, which have led to development and rapid implementation of nanocoatings across various market sectors. The automobile sector is a major end-user in Europe with high-end automobiles being coated with nano-particles to achieve dust and water repellant surfaces. Latin America has developed a public policy dedicated to R&D of nanotechnology, however, inadequate funds have led to slack growth. Increased involvement of private sector is expected to help reverse this, in turn increasing the implementation of nanocoatings across all end-user industries.
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The Middle East has witnessed a growth in construction over the recent past due countries such as Qatar and Saudi Arabia. This is primarily due to upcoming FIFA World Cup 2022, to be held in Qatar, which is expected to witness the development of commercial spaces, hotels and football stadia by extensively employing nanotechnology.
The oil and gas industry has employed various nano coats as solutions to oil field problems such as wear and corrosion. Tesla NanoCoatings has been delegated to provide nano coats to Anjam Al Reyadah (Saudi Arabia) facilities. Some of the key companies in the nanocoatings market include P2i Ltd, Nanofilm Ltd., Bio-Gate AG, Buhler PARTEC GmbH, Nanophase Technologies Corporation Inframat Corporation, ADMAT Innovations, Nanomech Inc., EIKOS Inc., Telsa Nanocoatings Inc., CG2 Nanocoatings, Nanofilm Ltd., Integran Technologies, and Nanogate AG.
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