Global Nanocoatings
Market is foretold to provide a
robust support for industry players to lay a solid foundation for their
business growth. It includes a comprehensive evaluation of the industry growth
status and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
Nanocoatings Market study
offers detail overview of industry with all the requisite data to support
tactical business decisions and come up with strategic growth plans. This study
also proposes a comprehensive insight into the development policies and plans
in addition to manufacturing processes and cost structures.
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Industry Insights
Global nanocoatings market
was USD 1,495.0 million in 2012. Rising importance of nanomaterials as fillers
in automotive and medical industries on account of exhibiting excellent
engineering properties is expected to have a substantial impact.
Nanocoatings find use in
wide range of applications owing to their ability to exhibit excellent abrasion
resistance, good transparency, and superior lubrication. The abovementioned
properties along with low VOC emission potential is expected to coax buyers to
prefer the nano-based product forms over polymer coatings over the forecast
period.
Over the past few years,
the U.S. EPA and European Commission have been framing numerous regulations
aimed at restricting the VOC emissions in the manufacturing sector. Therefore,
nanocoatings marketis projected to witness significant growth regarding
consumption in automotive and construction industries in the near future.
Application Insights
Medical was the largest
application, accounting for 14.7% of global market share in 2013. Rising demand
for medical device coatings for offering excellent dielectric properties,
dry-film lubricity, and thermal stability is expected to have a positive impact
on nanocoatingsmarket.
Automotive is expected to
witness significant gains as a result of increasing importance of nanocoatings
for enhancing the gloss and color characteristics of interior parts of four
wheelers. Furthermore, improving automobile production in the developed markets
including U.S., Germany and UK owing to the increasing usage of four wheeler
vehicles on a domestic level is expected to be a favorable factor.
Regional Insights
North America accounted for
over 40% of global market volume share in 2013. Rising importance of the
anti-microbial properties in healthcare and packaging industries of the U.S. is
expected to have a positive impact. Furthermore, the positive outlook toward
automotive manufacturing industry in Mexico owing to new investments by Nissan
is projected to be a driving force.
Asia Pacific is projected
to remain one of the most lucrative markets on account of Infrastructure
improvement in China and India amid the supportive policies by national
governments. Furthermore, the firm foothold of nanotechnology research
institutes in Japan and South Korea is expected to allow the new establishment
of strategic partnerships by nanocoatings vendors over the next few years.
Competitive Insights
Key industry participants
include Nanofilm Ltd., Inframat Corporation, Eikos Inc., Bio-Gate AG, P2i LTD.,
Nanogate AG, CimaNanoTech Inc., Integran Technologies Inc., Buhler PARTEC GmbH,
Nanovere Technologies LLC and Nanophase Technologies Corporation.
High investment cost aimed
for R&D along with increased spending on the established partnerships with
technological institutions is projected to remain a key challenge for the
industry. Furthermore, the low adoption rate of nanocoatings in developing
markets including India and Mexico on account of their high price as compared
to the conventional polymer counterparts is expected to have an adverse impact
over the forecast period.
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