The nanocoatings market size has the potential to grow by USD 6.68 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by type (antimicrobial, anti-fingerprint, anti-fouling, self-cleaning, and easy-to-clean) and geography (North America, APAC, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Anhui Sinograce Chemical Co. Ltd., BASF SE, CG2 NanoCoatings, Inframat Corp., Nanogate SE, Nanophase Technologies Corp., Nanopro Coatings, P2i Ltd., Surfix BV, and Tesla NanoCoatings Inc.
Market Overview
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Market Competitive Analysis
The market is fragmented, and there is competition for every small change that a manufacturer makes in the product. Therefore, the key factor influencing the competitive edge is product differentiation. Anhui Sinograce Chemical Co. Ltd., BASF SE, and CG2 NanoCoatings are some of the major market participants. Although the growing demand for medical and healthcare equipment will offer immense growth opportunities, the durability of product performance will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this nanocoatings market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this nanocoatings market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Anhui Sinograce Chemical Co. Ltd.
- BASF SE
- CG2 NanoCoatings
- Inframat Corp.
- Nanogate SE
- Nanophase Technologies Corp.
- Nanopro Coatings
- P2i Ltd.
- Surfix BV
- Tesla NanoCoatings Inc.
Nanocoatings Market: Segmentation by Geography
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APAC will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing awareness of health and hygiene and the expansion plans of various end-users will significantly drive nanocoatings market growth in this region over the forecast period.
36% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for nanocoatings in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Nanocoatings Market: Segmentation by Type
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The increase in the number of death rates due to infections caused by unhygienic hospital practices is driving the demand for antimicrobial coatings. Antimicrobial surfaces are used against infections such as severe acute respiratory syndrome (SARS) and Methicillin-resistant Staphylococcus aureus (MRSA). Some leading end-users of antimicrobial nanocoatings are surgical equipment manufacturers, toilet seat manufacturers, and wound-dressing material manufacturers.
However, the nanocoatings market share growth by the antimicrobial segment will be slower than the growth of the market by the anti-fingerprint and self-cleaning segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the nanocoatings market size.
Nanocoatings Market: Key Drivers and Trends
Research analysis on the global nanocoatings market identifies the increasing demand for medical and healthcare equipment as one of the major factors that will have a positive impact on the growth of the market during 2020-2024. Antimicrobial nanocoatings are used to protect the medical equipment from bacterial infestation. They are also used in reducing germ concentration on surfaces. Among all the types of nanocoatings, antimicrobial nanocoatings are expected to have the greatest demand in the medical and healthcare sector. Technavio’s market research analysts predict that this market will grow at a CAGR of over 16% by 2024.
Nanocoatings Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive nanocoatings market growth during the next five years
- Precise estimation of the nanocoatings market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the nanocoatings industry across North America, APAC, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of nanocoatings market vendors
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