Global Nanocoatings Market

Global Nanocoatings Market was valued at US$1.45bn in 2012 and is expected to reach US$6.75bn in 2019, growing at a CAGR of 24.7% between 2013 and 2019.

Nanocoating or nano sealing is a chemical process that refers to designing surfaces with certain desired characteristics. Nano structures build a consistent network of molecules on a surface and can make the surface either a hydrophobe or a hydrophil.

On a hydrophobic surface, water is repelled and flows away immediately, whereas on a hydrophilic surface, water builds a plain film on the surface. Increasing demand for medical device coatings is expected to propel the global nanocoatings market.

The overall market is estimated to grow positively at a CAGR of 24.7% during the period between 2013 and 2019 and reach a valuation of US$6.75 billion by 2019.

Demand for Smart Coatings to Open New Growth Avenues for Global Nanocoatings Market

Nanocoatings are particularly in demand from industries such as medical devices, pharmaceuticals and automotive. The low volatile organic compound (VOC) content of nanocoatings makes them more beneficial than conventional coatings owing to their lower negative impact on the environment.

This is expected to further boost the global nanocoatings market.

However, various research studies have pointed out that nano materials can have certain adverse effects on human health. This can restrain the growth of the nanocoatings market.

The global nanocoatings market has a huge opportunity to grow with the growing demand for smart coatings. Rising demand for nanocoatings from various industries in countries such as China and India is also expected to push the growth of the overall market.

Anti-Fingerprint Nanocoatings Segment to Grow Fastest During 2013-2019

On the basis of the product type, the global nanocoatings market has been segmented into anti-microbial, anti-fingerprint, self-cleaning, anti-fouling and easy-to-clean, and others including specialty coatings. In 2012, the demand for anti-microbial nanocoatings was the highest and accounted for 29.6% of the global demand.

The high demand for anti-microbial nanocoatings can be attributed to their wide application in sectors, such as food production, healthcare and water treatment. During the period from 2013 to 2019, the anti-fingerprint nanocoatings segment is expected to witness the fastest growth in the market.

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