Description
Nanocoatings Market size is valued at USD 11,273.4 million in 2021 and is expected to grow at a CAGR of 6.9% during the forecast period 2022 to 2028. Nanocoatings Market, and that can be segmented by function type, by application, by raw material, and by end user. By function type, the Nanocoatings Market has been segmented into Self-Cleaning & Easy-To-Clean, Anti-Fingerprint, Anti-Microbial, Anti-Fouling, Anti-icing, UV resistant and Others. The anti-microbial coatings segment is likely to be the largest and fastest-growing segment in terms of function type. The rise of this segment is mainly due to the advantages it offers. Anti-microbial coatings are frequently used in the food manufacturing, packaging, medical & healthcare, and water treatment application of the nanocoatings market. They bid protection against microorganisms. Anti-microbial nanocoatings are expected to grow during the forecast period due to growing demand from the medical and healthcare industry. Based on Application, the Nanocoatings Market is segmented into Metal, Glass, Plastic, and Others. Among these, the metal segment is expected to have the significant growing market during the forecast period 2022-2028. Based on the Raw material, the Nanocoatings Market is segmented into Chemical Vapor Deposition (CVD), Physical Vapor Deposition (PVD), Atomic layer Deposition (ALD), Layer-by-Layer Self Assembly (LBL), Electrospray & Electrospinning, Chemical & Electrochemical Deposition and Others. The Chemical & Electrochemical Deposition segment is expected to have a significant share in 2021. Based on the end user, the Nanocoatings Market is segmented into Construction, Automotive, Healthcare, Marine, Electronics, Aerospace, Military, Household care and Others. The medical and healthcare segment is expected to have a significant share in 2021. The rise of this segment is mainly the growing use of anti-fingerprint and anti-microbial coatings in medical equipment and implants. The growing use of coatings in electronics owing to properties such as UV and scratch resistance, chemical, low maintenance, anti-corrosion coating, color retention, and gloss is anticipated to boost the nanocoatings market demaAn optimisticstic outlook on the automobile business is expected to fuel demand for nanocoatings used in gloss and color retention.
Key Developments:
In April 2021, Actnano announced that they have produced 1.2 million of vehicles with their protective coating named as ‘nanoGAURD’.
In January 2021, Tesla Nanocoatings launched a new technology joining carbon nanotubes for workers’ safety.