Implementation of strict VOC regulations is fostering the growth of the sol gel nanocoating market

 

Sol Gel Nanocoating Market

North America is projected to dominate the global sol gel nanocoating market and this is attributed to the growing demand from end-user industries such as medical devices, automotive, and electrical & electronics industries. Moreover, the increasing implementation of strict VOC emissions regulations that restrict the use of solvent-based coatings is again projected to augment the growth of the sol gel nanocoating market. For instance, the U.S. EPA regulates VOCs at the Federal level in 40 CFR 59, which is the National Volatile Organic Compound Emission Standards for Consumer and Commercial Products such as Aerosol Coatings, Architectural Coatings, etc.

In October 2020, Protective nanocoating company actnano announced that it has raised $12M in a Series A funding round.

The shifting focus of manufacturers towards developing multi-functional coatings that offer a wide range of properties is fostering the growth of the sol gel nanocoating market. It helps in improving surface energy modification, increase scratch resistance, high abrasion resistance, enhance moisture control, and photocatalytics of the polymers, metallic, papers, ceramic, wood, and fibers materials. Increasing demand for Sol gel nanocoating for end-user industries such as aerospace and aviation, automotive, and medical industries is again expected to augment the growth of the Market. This coating helps in smoothening of surfaces and reduce manufacturing cost. Furthermore, the growing demand for these coatings across the healthcare industry as it reduces germ concentration and adhesion on medical devices is further anticipated to foster market growth.

Sol gel nanocoathing is a process that uses solvents and dyes to bond together or join two materials together, such as plastics, metals, or even fabrics. It is very popular in industries such as packaging and coatings because it can resist a lot of harsh conditions and it can also provide excellent chemical resistance properties. Sol Gel nanocoathing can be used for all kinds of applications that involve solute bonding. The nanotechnology that has been used in sol-gel nanocoating allows bonding of several materials together with nearly 100% efficiency. Sol gel nanocoathing can be used for powder coating, ultra-light coatings, annealed metals, and even fiber coating, among other things.

Moreover, nanotechnology processes are used to make things that can withstand heat and extreme chemicals, so sol-gel nanocoating is very popular in the refrigeration industry.

Major players active in the market:

Inframat Corporation, Bio-Gate AG, Cima NanoTech Inc., Buhler PARTEC GmbH, and Eikos Inc. are some of the key players active in the Sol gel nanocoating market


Location: India

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