A recent report published by Infinium Global Research on nanocoatings market provides in-depth analysis of segments and sub-segments in the global as well as regional nanocoatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional nanocoatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global nanocoatings market. According to the report, the global nanocoatings market is projected to grow at a CAGR of 23.68% over the forecast period of 2019-2025.
As nanotechnology is evolving, its application in various industries is also increasing. The use of nanocoatings in the products improves their physical properties. Nanocoatings have found their application in various end-use industries including healthcare, aerospace and defense, electronics, automotive and others. The nanocoatings market is as new as any other nanotechnology market. It is highly fragmented with several international and local players competing with each other in the market for their share. The key players in the market including Bio-Gate AG, Buhler PARTEC GmbH, Nanogate AG, P2i Ltd., Nanomech Inc., and others are mainly focusing on the development of innovative production techniques to lower the manufacturing cost.
The superior performance offered by nanocoating the products is majorly driving the nanocoatings market. Through coating the objects with nanomaterials it acquires enhanced physical properties such as abrasion resistant, wear-resistant, and fingerprint resistant and others. Moreover, the growing disposable income and improving the lifestyle of the population is expanding the demand for nanocoatings. Growing industrialization and urbanization has improved the lifestyle of the population, which encourage them to buy innovative products. This, in turn, boosts the market. Furthermore, the rise in awareness regarding Hospital Acquired Infections (HAI) is supporting the growth of the nanocoatings market. However, the fluctuating prices of raw materials are the major restraining factor for the growth of the nanocoatings market. Nevertheless, the expanding automotive and electronics sectors are expected to offer lucrative opportunities for the key players in the nanocoatings market.
In terms of region, North America held the highest market share, dominating the global nanocoatings market. The dominance of North America region attributed to the increase in the number of skilled population, availability of state-of-the-art production facilities, and surge in the investment in research and development for nanotechnology. Moreover, the growing coatings sector coupled with huge demand from the medical and automotive industry is expected to boost the growth of the nanocoatings market in North America.
The report on global nanocoatings market covers segments such as type and application. On the basis of type, the sub-markets include anti-fingerprint, anti-microbial, anti-corrosion, self-healing, self-cleaning, and other types. On the basis of application, the sub-markets include healthcare, food & beverage, packaging, electronics, construction, automotive, energy, and other applications.
The report provides profiles of the companies in the market such as Bio-Gate AG, Buhler PARTEC GmbH, Nanophase Technologies Corporation, Nanogate AG, P2i Ltd., The Nano Group, Inc., Nanomech Inc., Nanofilm Ltd., Integran Technologies Inc., Nanovere Technologies LLC, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of nanocoatings market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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