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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