Novel Functional Coatings Market Size, Share, Statistics, Growth Trend Analysis and Forecast Report, 2021 - 2028

Novel Functional Coatings Market is segmented By Component (Repellant Coatings, Hydrophilic Coatings, Antimicrobial Coatings, Protective Coatings, Optical Coatings, Conductive Coatings, and Cellulose Treatment), By Application (Aerospace, Automotive, Construction, Engineering, Energy & Environment, Oil & Gas, Chemical, Electronics, and Health Care), and Region (United States, Canada, Mexico, South America, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, South Africa, Rest of World)

  • Report ID : MD2701
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  • Pages : 120
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  • Tables : 60
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  • Formats :

Novel Functional Coatings Market size was estimated at $XX billion in 2020 and is expected to reach $XX billion by 2028, growing at a CAGR of XX% during the forecast period of 2021 to 2028.

Novel Functional Coatings Market
Novel functional coatings are widely used in the automotive, aerospace, chemical, electronics, engineering, energy & environment, oil & gas, health care, and construction industries. These are also called advanced coatings or technical coatings. Some of the components of novel functional coatings are repellant coatings, hydrophilic coatings, anti-microbial coatings, protective coatings, optical coatings, conductive coatings, and cellulose treatment. These coatings are cost-efficient, durable, and anti-microbial. The omniphobic materials and crosslinking with polymer matrix made the novel functional coatings market grow exponentially.

Novel Functional Coatings Market Growth and Trend
The growing demand for novel functional coatings in automotive applications is significantly driving the growth of the global novel functional coatings market. The advantages of the novel functional coatings have compelled industries to adopt these coatings. With the advent of advanced technologies and the rise in end-use industries, the novel functional coatings market is rising significantly. The unique methodology of novel functional coatings supports the dual functionalization of nanoparticles and enhances resin properties, which gives rise to the market’s growth.

Features like durability, highly repellent, and anti-microbial natures of these coatings are driving the novel functional coatings market significantly. The other factor that boosts the novel functional coatings market is the rapid development of industries in various regions. However, the high establishment cost of manufacturing plants is hindering the novel functional coatings market. Moreover, the initial costs of installing the equipment for novel functional coatings are higher than the cost incurred for conventional coating technologies.

The covid19 pandemic adversely affected many countries resulting in the global economic slowdown. Governments of major economies imparted partial or complete lockdown in specific geographies. So, the manufacturing industries have suspended their production of novel functional coatings temporarily due to the unavailability of raw material and labour. Thus, the impact of the lockdown on these industries can negatively impact the novel functional coatings market during the pandemic.

Novel Functional Coatings Market Segmentation
The Novel Functional Coatings market is segmented by component and application. Based on components, the market consists of repellant coatings, hydrophilic coatings, antimicrobial coatings, protective coatings, optical coatings, conductive coatings, and cellulose treatment. Based on application, the market is segmented into aerospace, automotive, construction, engineering, energy & environment, oil & gas, chemical, electronics, and health care. The automotive segment is on the rise and is expected to lead the novel functional coatings market during the forecast period.

Novel Functional Coatings Market Country Analysis
The Asia Pacific is likely to dominate the overall novel functional coatings market growth during the forecast time frame. The regional growth can be attributed to the increasing consumer awareness, evolving environmental regulations from governments. Moreover, the rise in automobile industries and investments in infrastructure and construction industries in developing countries like India, China, and Japan in the Asia Pacific region is predicted to witness growth at a higher CAGR. The expansion of electronic and automotive sectors in North America and the European region is expected to propel the novel functional coating market. The rise can also be attributed the stringent regulations and increasing environmental concerns. Europe, Middle East, and South Africa regions are also expecting growth in the novel functional coating market due to their vast adoption of different industries. Therefore, the overall novel functional coatings market is anticipated to grow at a constant rate.

Novel Functional Coatings Market Share and Competition
The major players operating in the global novel functional coatings market are Surfix, Nanofilm, Nanomech, Integran Technologies, and Buhler.

Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Component Type Analysis (Revenue, USD Million, 2021 - 2028)
• Repellant Coatings
• Hydrophilic Coatings
• Antimicrobial Coatings
• Protective Coatings
• Optical Coatings
• Conductive Coatings
• Cellulose Treatment

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Aerospace
• Automotive
• Construction
• Engineering
• Energy & Environment
• Oil & Gas
• Chemical
• Electronics
• Health Care

Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o the United States
o Canada
o Mexico
• South America
• Europe
o France
o Germany
o Italy
o Spain
o the United Kingdom
o Austria
• the Asia Pacific
o Russia
o China
o Japan
o India
o the Philippines
o Malaysia
o Australia
o South Korea
• Middle East
o GCC Countries
o South Korea
• South Africa
• Rest of World

Novel Functional Coatings Market Companies
• Surfix
• Nanofilm
• Nanotech
• Integran Technologies
• Buhler

Available Versions
• United States Novel Functional Coatings Industry Research Report
• Europe Novel Functional Coatings Industry Research Report
• Asia Pacific Novel Functional Coatings Industry Research Report

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