Global Nanocoatings Market will hit USD 6.85 Billion by 2020: atozresearch

The report covers forecast and analysis for the nanocoatings market on a global and regional level. According to the report, global demand for nanocoatings market was valued at USD 1.50 billion in 2014 and is expected to reach USD 6.85 billion in 2020, growing at a CAGR of 24.9% between 2015 and 2020. In terms of volume, the global nanocoatings market stood at 266.0 Kilo tons in 2014.The study includes drivers and restraints for the nanocoatings market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the nanocoatings market on a global level.

In order to give the users of this report a comprehensive view on the nanocoatings market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the nanocoatings market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.

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The nanocoatings market is mainly driven by strong demand from medical and automotive coatings industry. Amplification in the coatings sector coupled with growing industrial demand and emerging economies especially in BRIC countries has been resulted into growing demand for nanocoatings. Rising demand for nanocoatings instead of conventional coatings owing to its superior attributes and low VOC emissions are expected to be major driving factors for the nanocoatings market. However, environment regulatory and health issues may hold back the growth of the market. Nonetheless, growing demand for nanocoatings technology from electronics industry is expected to open new opportunities for the market growth in the near future.

In terms of volume, anti-microbial dominated the nanocoatings market with around 30% share in total market in 2014. The second largest product segment was anti-fouling & easy-to-clean for nanocoatings market in the same year. Moreover, anti-fingerprint is the fastest growing segment due to rising demand of nanocoatings material form industries such as electronics, medical and the healthcare industry over the next few years.

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Medical & healthcare was the dominating application segment in 2014. It accounted around 16% shares of total market volume consumption and further it is expected to continue this trend within the forecast period. Moreover, automotive and electronics are the fastest growing application segments that are likely to boost the market growth. This growth is attributed to emerging automobile industry in Asia Pacific region.

The study provides a decisive view on the nanocoatings market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key product segmented market covered under this study includes anti-fingerprint, anti-microbial, anti-fouling & easy-to-clean, self-cleaning and others. Key application market covered under this study includes medical & healthcare, water treatment, electronics, building & construction, automotive, energy and other applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for nanocoatings based on individual applications in all the regions and countries.

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The report also includes detailed profiles of end players such as P2i Ltd, Nanovere Technologies LLC, Nanofilm Ltd., Nanogate AG, Nanophase Technologies Corporation, Integran Technologies Inc., Inframat Corporation, Cima NanoTech Inc., Buhler PARTEC GmbH and Bio-Gate AG. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.

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