MRO Magazine

Research and Markets: The Global Market for Anti-Corrosion and Abrasion & Wear Resistant Nanocoatings – What is driving deployment of these coatings?


November 30, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/w57mx9/the_global_market) has announced the addition of the “The Global Market for Anti-Corrosion and Abrasion & Wear Resistant Nanocoatings “ report to their offering.

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.

Surface hardness and the wear resistance of materials can be significantly improved through a nanoparticulate coating making the base material harder and improving the wear resistance of the surface. Nanoparticles improve wear resistance and toughness properties and offer comprehensive corrosion inhibition as well as meeting stringent regulatory and safety requirements. Research is very active and significant progress has been achieved. There are already many commercial applications in mechanical structures and in the machining of materials. The emphasis is on metal treatment, but also promising results have been shown for non-metallic materials.

This report will answer the following questions:

– How large is the current market for Anti-Corrosion and Abrasion & Wear Resistant 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?

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Introduction

4. Nanomaterials Used in Coatings

5. Nanocoatings Market Structure

6. Nanocoatings Regulations

7. Anti-Corrosion Nanocoatings

8. Abrasion & Wear-Resistant Nanocoatings

9. Company Profiles

For more information visit http://www.researchandmarkets.com/research/w57mx9/the_global_market

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Nanotechnology, Paints and Coatings , Nanomaterials