Corrosion in its various forms is estimated to cost the global economy $3 trillion a year. The current world market size for anti-corrosion coatings is over $12 billion. With increased demand from energy and mining resources the market growth is estimated to be around 4.5% per annum.
Growth in nanocoatings will be above the CAGR due to their ability to provide excellent chemical and abrasion resistance with excellent adhesion and meet regulatory requirements. The majority of current product in anticorrosion coatings is directed towards meeting these stringent environmental standards dealing with emissions of volatile organic compounds (VOCs), especially in North America and Europe. Main growth markets are in water filtration and treatment, oil and gas pipeline coatings and wind turbine coatings.
There is a market need for a cost-effective non-epoxy-based corrosion resistant coating operable in environments of temperature swings, strong acid, water, and/or road salt. Nanoparticle materials have a very high surface area. When this surface is functionalized, it can deliver high loadings of organic corrosion inhibitors. Thus, tailored nanoparticles are the ideal carrier for delivery of the needed level of active corrosion inhibitors.
Published May 2017 | 111 pages | Download table of contents
This report will answer the following questions:
- How large is the current market for Anti-Corrosion Nanocoatings?
- What is the status of the technology?
- What is driving deployment of these coatings?
- What are the potential market opportunities?
- Who are developing these coatings and in what market?
Further information
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY……………………………………………………………………………………………………. 11
1.1 High performance coatings…………………………………………………………………………………………….. 11
1.2 Nanocoatings…………………………………………………………………………………………………………………. 11
1.3 Market drivers and trends………………………………………………………………………………………………. 12
1.3.1 New functionalities and improved properties………………………………………………………….. 12
1.3.2 Need for more effective protection and improved asset sustainability……………………. 13
1.3.3 Cost of weather-related damage……………………………………………………………………………. 14
1.3.4 Cost of corrosion……………………………………………………………………………………………………. 14
1.3.5 Need for improved hygiene……………………………………………………………………………………. 15
1.3.6 Increased demand for coatings for extreme environments…………………………………….. 16
1.3.7 Sustainable coating systems and materials……………………………………………………………. 16
1.3.7.1 VOC and odour reduction………………………………………………………………………………. 16
1.3.7.2 Chemical to bio-based…………………………………………………………………………………… 17
1.4 Market size and opportunity……………………………………………………………………………………………. 17
1.4.1 Main markets………………………………………………………………………………………………………….. 18
1.4.2 Regional demand…………………………………………………………………………………………………… 29
1.5 Market and technical challenges…………………………………………………………………………………….. 30
1.5.1 Durability………………………………………………………………………………………………………………… 30
1.5.2 Dispersion………………………………………………………………………………………………………………. 30
1.5.3 Transparency…………………………………………………………………………………………………………. 30
1.5.4 Production, scalability and cost………………………………………………………………………………. 31
2 INTRODUCTION………………………………………………………………………………………………………………… 32
2.1 Properties of nanomaterials……………………………………………………………………………………………. 32
2.2 Categorization………………………………………………………………………………………………………………… 33
2.3 Nanocoatings…………………………………………………………………………………………………………………. 35
2.3.1 Properties………………………………………………………………………………………………………………. 35
2.3.2 Benefits of using nanocoatings………………………………………………………………………………. 36
2.3.3 Types……………………………………………………………………………………………………………………… 36
2.3.4 Main production and synthesis methods………………………………………………………………… 37
2.3.4.1 Film coatings techniques……………………………………………………………………………….. 38
2.3.4.2 Superhydrophobic coatings on substrates…………………………………………………….. 40
2.3.4.3 Electrospray and electrospinning…………………………………………………………………… 41
2.3.4.4 Chemical and electrochemical deposition……………………………………………………… 41
2.3.4.5 Chemical vapor deposition (CVD)………………………………………………………………….. 42
2.3.4.6 Physical vapor deposition (PVD)……………………………………………………………………. 43
2.3.4.7 Atomic layer deposition (ALD)……………………………………………………………………….. 43
2.3.4.8 Aerosol coating……………………………………………………………………………………………… 43
2.3.4.9 Layer-by-layer Self-assembly (LBL)………………………………………………………………. 44
2.3.4.10 Sol-gel process………………………………………………………………………………………………. 45
2.3.4.11 Etching…………………………………………………………………………………………………………… 45
3 NANOMATERIALS USED IN COATINGS…………………………………………………………………………. 47
4 NANOCOATINGS MARKET STRUCTURE……………………………………………………………………….. 50
5 NANOCOATINGS REGULATIONS…………………………………………………………………………………… 52
5.1 Europe……………………………………………………………………………………………………………………………. 52
5.1.1 Biocidal Products Regulation…………………………………………………………………………………. 53
5.1.2 Cosmetics regulation……………………………………………………………………………………………… 53
5.1.3 Food safety…………………………………………………………………………………………………………….. 53
5.2 United States………………………………………………………………………………………………………………….. 54
5.3 Asia………………………………………………………………………………………………………………………………… 55
6 MARKET SEGMENT ANALYSIS FOR ANTI-CORROSION NANOCOATINGS……………….. 56
6.1 Market drivers and trends………………………………………………………………………………………………. 58
6.1.1 Reduce the use of toxic and hazardous substances………………………………………………. 58
6.1.2 Reducing volataile organic compounds (VOC) emissions from anti-corrosion coatings 59
6.1.3 Cost of corrosion……………………………………………………………………………………………………. 59
6.1.4 Need for environmentally friendly, anti-corrosion marine coatings…………………………. 59
6.1.5 Corrosive environments in Oil & gas exploration……………………………………………………. 60
6.1.6 Cost of corrosion damage for Military equipment…………………………………………………… 60
6.1.7 Problems with corrosion on offshore Wind turbines……………………………………………….. 60
6.1.8 Automotive protection…………………………………………………………………………………………….. 61
6.2 Benefits of nanocoatings………………………………………………………………………………………………… 61
6.3 Applications……………………………………………………………………………………………………………………. 63
6.4 Global market size………………………………………………………………………………………………………….. 65
6.5 Nanocoatings opportunity………………………………………………………………………………………………. 65
7 NANOCOATINGS COMPANIES……………………………………………………………………………………….. 69-107 (53 company profiles)
8 REFERENCES…………………………………………………………………………………………………………………. 109
TABLES
Table 1: Properties of nanocoatings…………………………………………………………………………………………… 11
Table 2: Markets for nanocoatings……………………………………………………………………………………………… 18
Table 3: Disadvantages of commonly utilized superhydrophobic coating methods…………………….. 31
Table 4: Categorization of nanomaterials……………………………………………………………………………………. 34
Table 5: Technology for synthesizing nanocoatings agents……………………………………………………….. 37
Table 6: Film coatings techniques………………………………………………………………………………………………. 38
Table 7: Nanomaterials used in nanocoatings and applications…………………………………………………. 47
Table 8: Nanocoatings market structure……………………………………………………………………………………… 50
Table 9: Anti-corrosion nanocoatings-Nanomaterials used, principles, properties and applications………………………………………………………………………………………………………………………………………………. 56
Table 10: Anti-corrosion nanocoatings markets and applications……………………………………………….. 64
Table 11: Market assessment for anti-corrosion nanocoatings…………………………………………………… 66
Table 12: Opportunity for anti-corrosion nanocoatings……………………………………………………………….. 66
Table 13: Revenues for anti-corrosion nanocoatings, 2010-2025, US$, conservative and optimistic estimates………………………………………………………………………………………………………………………………. 67
FIGURES
Figure 1: Global Paints and Coatings Market, share by end user market…………………………………… 17
Figure 2: Estimated revenues for nanocoatings, 2010-2025 based on current revenues generated by nanocoatings companies and predicted growth. Base year for estimates is 2015…………… 21
Figure 3: Market revenues for nanocoatings 2015, US$, by market…………………………………………… 22
Figure 4: Market revenues for nanocoatings 2025, US$, by market…………………………………………… 23
Figure 5: Markets for nanocoatings 2015, %………………………………………………………………………………. 23
Figure 6: Markets for nanocoatings 2025, %………………………………………………………………………………. 24
Figure 7: Market for nanocoatings 2015, by nanocoatings type, US$…………………………………………. 25
Figure 8: Markets for nanocoatings 2015, by nanocoatings type, %…………………………………………… 26
Figure 9: Market for nanocoatings 2025, by nanocoatings type, US$…………………………………………. 27
Figure 10: Market for nanocoatings 2025, by nanocoatings type, %…………………………………………… 28
Figure 11: Regional demand for nanocoatings, 2015…………………………………………………………………. 29
Figure 12: Commercially available quantum dots……………………………………………………………………….. 33
Figure 13: Techniques for constructing superhydrophobic coatings on substrates…………………….. 40
Figure 14: Electrospray deposition……………………………………………………………………………………………… 41
Figure 15: CVD technique…………………………………………………………………………………………………………… 42
Figure 16: SEM images of different layers of TiO2 nanoparticles in steel surface………………………. 45
Figure 17: Schematic of typical commercialization route for nanocoatings producer………………….. 50
Figure 18: Nanovate CoP coating………………………………………………………………………………………………. 61
Figure 19: 2000 hour salt fog results for Teslan nanocoatings………………………………………………….. 62
Figure 20: AnCatt proprietary polyaniline nanodispersion and coating structure………………………… 62
Figure 21: Schematic of anti-corrosion via superhydrophobic surface………………………………………… 63
Figure 22: Markets for anti-corrosion nanocoatings 2015, % based on nanocoatings company sales. Source: Future Markets………………………………………………………………………………………………. 65
Figure 23: Potential addressable market for anti-corrosion nanocoatings………………………………….. 67
Figure 24: Revenues for anti-corrosion nanocoatings, 2010-2025, US$, conservative and optimistic estimates………………………………………………………………………………………………………………………………. 68
