(MENAFN- EIN Presswire)
Reports And Data
The nanocoatings market size is expected to reach USD 27.97 Billion in 2028 and register a revenue CAGR of 18.3% over the forecast period.
NEW YORK CITY, NY, UNITED STATES, October 14, 2021 /EINPresswire.com / -- Reports and Data has recently added a new report titled“Global Nanocoatings Market Research Report 2021” to its ever expanding repository which offers a comprehensive overview of the Nanocoatings market including current and emerging trends, consumer behavior patterns, competitor strategies, brand promotions and product launches, among others. Surge in demand for nanocoatings from the healthcare sector globally is a key factor driving steady market revenue growth.
Nanocoatings are used for the protection of electronic devices such as solar panels from dust and dirt, smartphones from water, as well as to prevent degradation of devices in harsh conditions. Nanocoatings offer resistance from fluctuations in varying temperatures, which make them popular in products that are susceptible to adverse impacts in harsh climatic and temperature change conditions. However, high cost associated with these products is expected to negatively impact revenue growth of the market to a certain extent over the forecast period.
Rising concerns regarding Volatile Organic Compound (VOC) emissions from conventional coatings is another key factor driving growth of the nanocoatings market. Nanocoatings are used in products/components used in electronic devices such as batteries, Microelectromechanical Systems (MEMS), semiconductors, transistors, fuel cells, and various implants, as well as across medical, automotive, pharmaceutical, marine, and telecommunications industries for various applications. The number of Internet of Things (IoT) devices are expected to reach 50 billion by 2030, thereby creating a vast web of interconnected devices spanning from smartphones to kitchen appliances. In the next few years, there will be 53.63 million active smart city connections in the European Union alone. Every component in a connected system is crucial but snow, salt fog, and dust storms are proving to be genuine threats to IoT components. These devices require thin lightweight protection and hence nanocoatings are playing a very important role currently.
Access Free sample PDF Copy of the Report @
Nanocoatings are inhalable in powder form and the mixture is carcinogenic due to its potential to induce lung cancers when inhaled. This is expected to restrain growth of the market to a certain extent. Moreover, high price volatility of these products is restraining market revenue growth. However, increased application of nanocoatings in landing gears and engines of aircraft, and on money bills to prevent forgery are some factors expected to support market growth.
Some major players in the market include:
Eikos Inc., Buhler PARTEC GmbH, Integran Technologies Inc., Bio-Gate AG, Nanofilm Ltd., Nanoveer Technologies LLC, Cima NanoTech Inc., P2i, Inframat Corporation, and Nanophase Technologies Corporation.
Some Key Highlights From the Report
In March 2020, P2i, which is a leading market player, announced the signing of an agreement with Samsung intended to deploy Barrier nanocoating technology across numerous smartphone designs, enhancing liquid and water protection to the internal components of specific Samsung Galaxy smartphones. P2i's Barrier is a next-generation waterproofing technology, which provides higher levels of liquid protection and allows producers to protect the components, despite water leakage into the device.
Antimicrobial nanocoatings are deployed in bone replacement materials, surgical instruments, and prosthetic devices. Antimicrobial nanocoatings are essential for indwelling catheters, as the device possesses high risk of microbial infection. Biofilms of yeasts and oral bacteria may result in various localized ailments in the oral cavity, such as dental caries, oral thrush, periodontal disease, tooth root & pulp disease, and dental implant dental braces infections, thus making antimicrobial nanocoatings essential in medical devices.
Demand for nanocoatings in electronics devices is high as thousands of electronic devices are used in challenging and diverse environments. These devices require protection against sweat, rain, pollution, submersion, and other potential threats. Demand for protective nanocoatings is expected to increase significantly to safeguard components and solutions. Along with smartphones and laptops, smart home security products also require protection from corrosion, moisture, chemicals, and pollution.
Market revenue from Asia Pacific is expected to register a significantly rapid growth rate during the forecast period due to high demand from Japan, India, China, and South Korea. Large geriatric population in China has created major demand for medical devices. Steady shift to solar panels and power in India to reduce dependency on fossil fuels is also supporting demand for coatings is related applications. Solar devices are coated with nanocoatings to enhance lifespan and reduce degradation rate.
Request for Custom Research @
For the purpose of this report, Reports and Data has segmented the Nanocoatings market based on product type, end-use, distribution channel, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
Anti-microbial
Self-Cleaning
Anti-Fouling & Easy-to-Clean
Anti-fingerprints
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Healthcare
Automotive
Building & Construction
Electronics
Marine
Energy
Others
Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
Online
Offline
Buy now your Exclusive copy of Report @
Regional Outlook (Revenue, USD Billion; 2018–2028)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Explore Reports and Data's Prime Analysis of the global Materials and Chemicals Industry:
Potassium Permanganate Market:
Construction Adhesive Market:
About Reports and Data
RND is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Tushar Rajput
Reports and Data
+ + 12127101370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
MENAFN14102021003118003196ID1102969901
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.