Global Nanocoatings Market to Reach US$ 51.8 Billion by 2032, Multifarious Applications Impelling Growth

May 10, 2019 | Chemical & Materials

As per the latest report by IMARC Group, titled “Nanocoatings Market Report by Product Type (Anti-Microbial, Anti-Fingerprint, Anti-Fouling, Easy to Clean, Self-Cleaning), End-User (Construction, Food Packaging, Healthcare, Electronics, Automotive, Marine, and Others), and Region 2024-2032”, the global nanocoatings market size reached US$ 12.2 Billion in 2023. A nanocoating refers to a thin film that acts as a barrier between a substrate material and the environment for improving its aesthetics as well as functionality. The process of nanocoating is performed via a precise procedure wherein atoms are employed for creating a layer that uniformly covers every feature on the surface. It is generally applied on materials like glass, metals, plastics, textiles and ceramics for altering their hydrophobic and oleophobic properties. As it offers numerous advantages including scratch, chemical and abrasion resistance, its demand is increasing around the world.

Global Nanocoatings Market Trends:

Nanocoatings provide clear and colorless protection, are anti-adhesive in nature and relatively more hygienic as compared to conventional coatings. Moreover, they do not accumulate dust and assist in averting the growth of bacteria and microorganisms. As a result, they are widely used in various end use industries ranging from manufacturing to medical and healthcare. Additionally, as they offer resistance against temperature fluctuations, they are extensively used in products like automobiles, aircraft, ceramic tiles and glass windows which are impacted by temperature alterations as well as harsh climatic conditions. Apart from protecting against ultraviolet (UV) rays, nanocoatings are corrosion resistant which aids in increasing the lifespan and durability of metals products. This has resulted in the increasing demand for nanocoatings in the automobile industry for safeguarding paint surfaces. Looking forward, the market value is projected to reach US$ 51.8 Billion by 2032, expanding at a CAGR of 16.9% during 2024-2032.

Market Summary:

  • Based on the product type, the market has been segregated into anti-microbial, anti-fingerprint, anti-fouling, easy to clean and self-cleaning coatings. At present, anti-microbial nanocoatings dominate the market, holding the largest share.
  • On the basis of the end-user, the market has been classified into construction, food packaging, healthcare, electronics, automotive, marine, and others. Amongst these, the automotive accounts for the majority of the total market share.
  • Region-wise, the market has been divided into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Currently, North America is the leading market, holding the majority of the global share.
  • The competitive landscape of the market has been examined with some of the key players being BASF, Bio-Gate, Buhler, Nanogate, PPG Industries, AdMat Innovations, Cima NanoTech, CG2 NanoCoatings, Cleancorp, Ecological Coatings, Eikos, Inframat, Integran Technologies, Nanofilm, Nanomech, Nanovere Technologies, Nanophase Technologies, P2i, Surfix and Tesla NanoCoatings.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered BASF, Bio-Gate, Buhler, Nanogate, PPG Industries, AdMat Innovations, Cima NanoTech, CG2 NanoCoatings, Cleancorp, Ecological Coatings, Eikos, Inframat, Integran Technologies, Nanofilm, Nanomech, Nanovere Technologies, Nanophase Technologies, P2i, Surfix and Tesla NanoCoatings
Customization Scope 10% Free Customization
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Global Nanocoatings Market to Reach US$ 51.8 Billion by 2032, Multifarious Applications Impelling Growth
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