Industry Background:
Nano coating is surface protection material which is widely used to impart specific corrosion resistance, chemical as well as physical properties to a substrate surface. It is also used to protect pipes and structures which is buried in the soil. It is widely used in various application military & defense, electronics, automotive and others. Some of the major characteristics of nano-coating are low maintenance, chemical resistance, anti-corrosion, among others. There is a significant demand for nano-coating, due to the increasing of nano-coating in the automotive industry. For instance, according to the International Trade Administration's, in 2018, the United States light vehicle sales have reached more than 17.2 million units. Therefore, increasing usage of nano-coating in the automotive industry and increasing awareness regarding the benefit of nano-coating are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Dominating Application | Automotive |
Key Companies Profiled | Bio-Gate AG (Germany), Buhler PARTEC GmbH (Germany), Nanogate AG (Germany), P2i Ltd. (United Kingdom), Nanofilm Ltd. (United States), Inframat Corporation (United States), Surfix BV Advanced Nanocoatings (Netherland), NanoMech Inc. (United States), Eikos, Inc. (United States) and Cima Nanotech Inc. (United States) |
According to AMA, the market for Nano-coating is expected to register a CAGR of 22.4% during the forecast period to 2027. This growth is primarily driven by Increasing World Population and Rising Disposal Income among Consumer and Raising Awareness about Infections from Various Surrounding Objects.
Globally, a noticeable market trend is evident Increasing Need for healthcare Application such as Surgical Tools, Therapeutic, among others. The Specialty Chemicals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Bio-Gate AG (Germany), Buhler PARTEC GmbH (Germany), Nanogate AG (Germany), P2i Ltd. (United Kingdom), Nanofilm Ltd. (United States), Inframat Corporation (United States), Surfix BV Advanced Nanocoatings (Netherland), NanoMech Inc. (United States), Eikos, Inc. (United States) and Cima Nanotech Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
According to The Environmental Protection Agency, in order to make the rule workable for the coatings industry, and to allow the agency to appropriately focus its information collection efforts and resources on the most pertinent nanomaterials. Hence, it may act hamper for market growth in the future
Market Drivers
- Increasing World Population and Rising Disposal Income among Consumer
- Raising Awareness about Infections from Various Surrounding Objects
Market Trend
- Increasing Need for healthcare Application such as Surgical Tools, Therapeutic, among others
Restraints
- High Volatility in the Prices of Raw Materials and Hazards to Environment & Health
Opportunities
Growing Number of Nano-coating application such as Healthcare, Automotive and Construction, among others and Rising Demand for Display Screen of Electronics Requiring Functional Coatings
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Nano-coating Study Sheds Light on
The Nano-coating Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Nano-coating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nano-coating industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.