Anti-corrosion Nanocoatings Market Manufactures and Key Statistics Analysis 2024

May 18, 2020
Pratiksham

Corrosion is increasingly becoming a major issue for owners of industrial equipment and plants. Corrosion, which is mostly caused by a chemical attack, can lead to significant industrial losses. Corrosion, in its various forms, is estimated to cost the global economy US$3 Trn per year. The presence of corrosive chemicals can result in deterioration of a structure or equipment and is also a potential risk to personnel. It may also lead to permanent structural failure, which can be deemed costly in terms of repair. The corrosion phenomenon majorly affects economies of industrial companies. However, with the advent of innovative technologies, it is possible to eliminate corrosion in prior stages through anti-corrosion nanocoatings. Anti-corrosion nanocoatings consist of homogeneous thin films made up of alkoxides with chemically attached nanoparticles. Corrosion and high temperature oxidation can be reduced by coating materials made up of thin layer of chemically resistant oxides. Such films are primarily suitable for metallic surfaces. They offer various advantages such as low temperature processing, high purity, and control of the composition.

Nanocoatings are materials manufactured by shrinking raw materials at the molecular level to form a denser product. Nanocoatings are preferred over traditional coatings due to their lower content of VOCs. Additionally, nanocoatings offer characteristics such as resistance to scratch, UV, and chemical; low maintenance; anti-corrosion; and color and gloss retention. Nanocoatings are classified as anti-fingerprint, anti-microbial, anti-fouling and easy-to-clean, self-cleaning (bionic and photocatalytic) and others (specialty coatings, etc.). Anti-microbial is a highly used nanocoating across various end-user industries.

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The global anti-corrosion nanocoatings market is expected to witness significant growth due to the ability of these nanocoatings to provide high degree of adhesion and excellent chemical and abrasion resistance to meet the regulatory requirement. North America and Europe are the major markets for anti-corrosion nanocoatings, driven by the implementation of stringent emission standards to comply with the emission of volatile organic compounds (VOCs). Growth in the medical and health care industry in North America is estimated to drive the anti-corrosion nanocoatings market in the near future. Currently, the demand for medical equipment and implant coatings is high in North America. It is projected to rise owing to the increase in development in technology. Asia Pacific is anticipated to be a rapidly growing market for anti-corrosion nanocoatings in the next few years. Demand for anti-corrosion nanocoatings is likely to increase in Asia Pacific due to growth in automotive and electronics industries.

Key players operating in the anti-corrosion nanocoatings market include Buhler PARTEC GmbH, Nanogate AG, and P2i Ltd.

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