LONDON--(BUSINESS WIRE)--The protective coatings market is currently growing at a healthy rate, with companies and research institutions finding creative new solutions to problems. Use of nanoparticles is increasing, as is the focus on environmentally friendly products. Infiniti Research expects the global protective coatings market to grow at a CAGR of 9.23% over the next several years, and reach USD 19.53 billion in value by 2020. Nanocoatings will grow much faster than that, however, with many innovations and discoveries driving their success. The global nanocoatings market is expected to grow at a CAGR of 25.31% and reach USD 8.93 billion by 2020.
This sharp growth, combined with recent new developments and technologies in the protective coatings industry has companies developing strategies catered to taking advantage of the enormous opportunity in the market. Infiniti Research recently completed a study for a leading paint company who wanted to properly assess the protective coatings market, looking for the best opportunities in Central Europe.
One example of innovations driving the success of nanocoatings is a new creation by scientists at The Australian National University (ANU). They have developed a spray-on super-hydrophobic nanopartical coating that has numerous potential applications. While coatings of this nature have been made before, this one is considerably more robust, and holds up well under stress. It is also cheaper and easier to produce.
This new coating is made up of two types of plastics interwoven with each other to achieve a product that is both durable and flexible. It is 85% transparent, making it useful for surfaces like windows, mirrors, and device screens, although impractical for applications such as solar panels, where efficiency is essential. The coating’s creators envision many different uses for it, from preventing ice from forming on airplanes to protecting mobile devices. The techniques used to create it can also be applied to other types of coatings to protect from things such as corrosion and oil.
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Scientists are inventing new techniques and products that have the potential to create widespread change in the protective coatings market. It is essential to be aware of such innovations in your industry in order to develop new product offerings and stay ahead of the competition. Market intelligence can keep you abreast of relevant news and identify key competitors, along with their strengths and weaknesses.
Infiniti’s recent client – a globally recognized paints and coatings company, who are well-known for their strong brands and high-quality surface treatment products, were able to leverage the insights provided and gain an in-depth overview of the current market trends, drivers, and challenges associated with protective coatings. With a better understanding of their targeted regions and segments, as well as R&D in the market, in just eight weeks the client was able to benefit in terms of ROI.
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 13 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.