Nanocoatings Market Size is Worth USD 53.42 Billion by 2032 | Emergen Research

Escalating demand for nanocoatings from the healthcare sector is one of the significant factors influencing the Nanocoatings market growth

Vancouver, Oct. 09, 2023 (GLOBE NEWSWIRE) — The global Nanocoatings Market is expected to reach USD 53.42 Billion by 2032, according to a new report by Emergen Research. The nanocoatings market is experiencing rapid growth attributed to its increasing demand in end-user industries such as healthcare, automotive, building & construction, electronics, marine, energy, water treatment, and packaging.

The surging demand for nanocoatings in the healthcare sector is projected to drive the growth of the market in the forecast period. Antimicrobial nanocoatings are essential for indwelling catheters possessing a high risk of microbial infection. Moreover, these are deployed in surgical instruments, bone replacement materials, and prosthetic devices. Also, biofilms of yeasts and oral bacteria may result in several localized ailments in the oral cavity, such as dental caries, oral thrush, periodontal disease, tooth root & pulp disease, and dental implant dental braces infections.

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Additionally, the COVID-19 pandemic is likely to boost the market demand for nanocoatings. The Department of Science and Technology (DST), India, has given its approval to apply antiviral nanocoatings masks meant to be used to prevent the spread of coronavirus. The approval has been provided for N-95 and Triple Layer Medical masks, under the Mission on Nano Science and Technology.

Stringent regulatory norms governing the use of nanotechnology and nanomaterial may hamper the growth of the market in the upcoming years. The application of nanotechnology leads to product characteristics that vary from the products manufactured through the conventional process. Therefore, the safety evaluations/effectiveness of FDA-regulated goods that comprise or involve the usage of nanomaterial should consider the distinctive features and characteristics that may be exhibited by nanomaterial.

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Scope of Research

MAJOR COMPANIES and Market Share Analysis

The leading players in the nanocoatings market are equipped with enhanced production facilities and are involved in various R&D activities. A few leading players in the nanocoatings market include:

• Eikos Inc.
• Buhler Partec GmbH
• Integran Technologies Inc.
• BioGate AG
• Nanofilm Ltd.
• Nanoveer Technologies LLC
• Cima Nanotech Inc.
• P2i
• Inramat Corporation
• Nanophase Technologies Corporation
• Nanogate AG

In March 2020, P2i, a leading market player, entered into a collaboration with Samsung intended to deploy Barrier nanocoating technology across numerous smartphone models from the year 2019, enhancing protection from liquid and water to the internal modules of specific Samsung Galaxy smartphones. P2i’s Barrier is a next-generation waterproofing technology, which provides higher levels of liquid protection and allows producers to protect the components, in spite of water leakage into the device.

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Key Highlights from The Report

• By product, antimicrobial held the largest nanocoatings markets share in 2019 and is expected to grow at a rate of 18.0% in the forecast period. Antibacterial applications of nanocoatings are garnering importance to avert the disastrous impacts of antibiotic resistance. Nanocoatings may be used as diagnostics, preventives, drug carriers, and synergetic in the antimicrobial therapies.
• By distribution channel, the online distribution channel is projected to grow at a faster rate of 20.9% in the period 2020-2032, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity.
• By industry vertical, the building & construction sector is likely to grow at a rate of 18.5% in the period 2020-2032. Nanocoatings are the thin film coatings of the nanoscale range that are implemented to protect the surface of numerous construction materials, such as glass, concrete, marble, steel, and sand limestone, among others. These coatings assist in protecting them from friction reduction, heat resistance, corrosion, and environmental influences, including algae, moss, water, and oil stains.
• North America dominated the nanocoatings market in 2019 and is expected to grow at a rate of 17.7% in the forecast period. The market dominance of the North American Market is owing to the growth of the healthcare industry, advancement in technology, and the presence of market players in the region.

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Emergen Research has segmented the global nanocoatings market on the basis of product type, distribution channel, industry vertical, and region:

• Product Type Outlook (Revenue, USD Billion; 2017-2032)
  • Antimicrobial
  • Anti-Fouling & Easy-to-Clean
  • Self-Cleaning
  • Anti-Fingerprints
  • Others
• Distribution Channel Outlook (Revenue, USD Billion; 2017-2032)
  • Online
  • Offline
• Industry Vertical Outlook (Revenue, USD Billion; 2017-2032)
  • Healthcare
  • Automotive
  • Building & Construction
  • Electronics
  • Marine
  • Energy
  • Water Treatment
  • Packaging
  • Others
• Regional Outlook (Revenue, USD Billion; 2017-2032)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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