Traditional coatings are likely to be replaced by nanocoatings in the medium- to long-term in end-use segments like packaging, anti-microbial, architectural, industrial manufacturing, marine, wood, auto refinish, transportation, and protective coatings. According to “The World Market for Nanocoatings,” a report developed by Future Markets and published by Market Publishers Ltd., the market for nanocoatings is expected to grow across all sectors over the next 5-10 years.
The medical, household care and food processing markets are predicted to have the largest upsurge. Major growth drivers include the need for improved sanitary facilities and the improvements that nanostructured coatings can offer, from both a protective and destructive perspective. The military market will remain the biggest market, with anti-corrosion coatings being increasingly applied. Anti-corrosion coatings will also drive revenues in the oil and gas industry for protective surfaces in pipelines and harsh environments.
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Nanocoatings to Replace Traditional Coatings
November 30, 2011