According to a new technical market research report, “Nanotechnology in Coatings and Adhesive Applications: Global Markets,” from BCC Research, the global market value for nanotechnology in coatings and adhesives is an estimated $3.7 billion in 2010, but is expected to increase to nearly $19.2 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 39.3%.
The largest segment of the market, nanocoatings, is expected to increase at a five-year CAGR of 39.5%, from $3.4 billion in 2010 to nearly $18 billion in 2015.
The other segment, nanoadhesives, is expected to reach a value of $1.2 billion in 2015. The market in 2010 is estimated at $257 million. Thus, the five-year CAGR is projected to be 36.4%.
Robust potential markets for nanocoatings and nanoadhesive products exist worldwide for a myriad of applications spanning medical and healthcare, electronics, energy, transportation, construction, packaging, forestry, textile and homeland security sectors.
This report is divided into two primary sections—nano coatings and nanoadhesives—to survey existing and emerging technologies in these markets worldwide, survey and provide an analysis on relevant patents, as well as to profile the key companies involved with the development of products in these areas.