Research and Markets now offers a market research report titled ‘The World Market for Nanocoatings: Fully Revised for 2011.’ In the worldwide coatings market, nanocoatings have paved the way to novel market opportunities.
Through the utilization of nanomaterials, nanocoatings demonstrate superior performance properties such as ultraviolet stability, flame retardancy, corrosion resistance, mechanical, chemical and gloss retention properties.
Nanocoatings’ major end user markets are automotive, household cleaning, military and defense and construction and exterior protection. In the automotive industry, nanocoatings have been used as hydrophobic, anti-corrosion and thermal barrier coatings. They have been used as anti-microbial and clean coatings in the form of after-treatment sprays or pre-coats for cleaning household surfaces.
In the defense and military market, they find applications as protective fabrics for soldiers and anti-corrosion coatings for combat vehicles. It is the largest market for nanocoatings and will retain its share thanks to the ever-increasing demand to anti-corrosion coatings. Nanocoatings’ use as protective coatings in adverse conditions and pipelines will increase their sales in the gas and oil industry.
According to the report, nanocoatings may be used as a substitute to conventional coatings in the mid to long-term in applications such as transportation, auto refinish, wood, marine, industrial production, architectural, anti-microbial, packaging and protective coatings. Nanocoatings will experience growth in almost all sectors in the coming five to ten years especially food processing, household care and medical markets will grow rapidly, thanks to the demand for enhanced sanitary facilities and widespread advancements offered by nanocoatings.
Source: http://www.researchandmarkets.com