The Asia Pacific nanocoatings market is expected to grow at a CAGR of 23.82% through the forecasting years of 2019-2027, and the market has been predicted to grow rapidly by the end of 2027. The Asia Pacific nanocoatings market amounted to $XX billion with medical infrastructure, medical and surgical instruments, medical imaging, electromedical equipment, orthopedic and prosthetic appliances, cancer diagnostics end users industry.
China, India, Japan, South Korea, Australia and New Zealand, Southeast Asia and the Rest of Asia Pacific are studied for the market study. With a high geriatric population in China, the scenario creates a greater demand for medical implants, and devices, in turn creating a demand for nanocoatings that endow these devices with anti-microbial properties and enhance their biocompatibility. The large dependency on fossil fuels has pushed the Indian R&D sector to search for the development of solar panel to be used as an alternative to the conventional fuels and enhance their lifespan and reduce their degradation rate by coating them with anti-corrosive nanocoating layer. This is expected to amplify the market growth in the APAC region by providing more opportunities in the coming years.
Major contending companies in the APAC nanocoatings market are Nilima Nanotechnologies, Admat Innovations, Eikos Inc., Inframat Corporation, PPG Industries Inc., Integran Technologies, AkzoNobel N.V., BASF, CG2 Nanocoatings Inc., Nano-Care AG, Nanofilm Ltd. (Pen Inc.), Surfix BV-Advanced Nanocoatings, Bio-Gate (Syntosbeteiligungs Gmbh), Aquashield Technologies, Nanophase Technologies Corporation, Nanovere Technologies LLC, P2i Ltd. and Tesla Nanocoatings.