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A47249 | Pages: 455 | Charts: 64 | Tables: 159 |
The global sonochemical coatings market was valued at $65.4 million in 2021, and is projected to reach $148.7 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031.
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Sonochemistry is typically employed for the synthesis of nanomaterials and surface functionalization, i.e., increasing the accessible surface area for processing. The sonochemical coating is an innovative, eco-friendly, low-velocity spray coating that produces homogeneous, protective, and functional micron-thin coatings without clogging. Sonochemical coatings are manufactured using ultrasonic processing. When bubbles are monitored by ultrasonic processing, chemiluminescence has been widely used in acoustic cavitation. During the manufacturing of paints and high-performance coatings, ultrasonic processing is utilized to disperse, de-agglomerate, and grind pigment particles into nanoparticles. These pigments, which are typically granules of metal oxide, impart color when dispersed in the proper media. The size of these pigments is a crucial aspect in determining the final finish's qualities. Sonochemical coatings lower the particle size to guarantee uniformity.
Increased demand from the construction industry
"Hospital-acquired infections" or "HAIs" refer to infections that patients contract while receiving treatment in a hospital. They are transmitted through direct physical contact with a contaminated surface or element, such as the skin, aerosols, shared instruments, hospital furnishings, or hospital fabrics. Additionally, they can spread through indirect contact with a contaminated surface or component. An increase in the use of sonochemical coatings on medical equipment has been attributed to a greater awareness of healthcare-associated infections (HAIs) and government measures to prevent the spread of these infections. Globally, infectious illnesses caused by HAIs are the leading cause of mortality and morbidity.
According to the Office of Disease Prevention and Health Promotion, approximately 1.7 million patients in the United States contract HAIs annually. Nearly 100,000 of these 1,7 million patients die as a result of their infections, while many more patients seek medical treatment. There are a lot of medical devices that serve as a breeding ground for bacteria, and it is quite difficult to eliminate these germs with conventional disinfectants. As a precautionary measure, numerous manufacturers of medical equipment and healthcare facilities have begun applying antimicrobial coatings to a variety of products. In addition, the governments of several European and North American countries have coordinated their respective efforts to reduce the spread of HAIs. In October 2016, the U.S. Department of Health and Human Services (HHS) presented the National Action Plan to eliminate healthcare-associated infections in acute care hospitals globally.
A rise in the demand for electronic devices is expected to contribute to the expansion of the sonochemical coatings market during the forecast period. Sonochemical coatings offer excellent moisture resistance and prevent the production of pathogenic microorganisms such as algae, bacteria, and fungi; they also restrict the proliferation of pathogenic microorganisms. Plastics coated with antimicrobial compounds have a longer functional lifespan because the chemicals inhibit the growth of bacteria which can cause the plastics to degrade faster. The usage of these compounds renders polymers more durable, corrosion-resistant, odorless, and suitable for a variety of medicinal, electrical, and automotive applications.
The vast majority of sonochemical coatings are based on solvents. As a result of the introduction of stringent restrictions against volatile organic compounds, however, the price of solvents is increasing dramatically. Moreover, a large number of nations are undergoing a "green industrial revolution" to battle the consequences of global warming and reach net zero by 2050. Catalytic sonochemistry for the synthesis of clean hydrogen from sustainable ammonia and water-based coatings is gaining popularity as a direct result. Ultrasonic processing makes it easier to emulsify the polymers used in these coatings. Typically, nanoparticles utilized in sonochemical coatings aggregate during the mixing process. With ultrasonic processing, these particles can be more effectively dispersed and deagglomerated. It can be utilized in liquids with a high viscosity as well as liquids with a high solids content. Thus, the growing demand for environment-friendly solutions is driving market expansion.
It has been observed that solvent-based sonochemical coatings are composed of volatile organic compounds (VOCs). Recent research indicates that the production of these VOCs is damaging to the environment, consequently limiting the global demand increase for solvent-based sonochemical coatings. Also, federal, state, and local governments throughout the world have been controlling VOC emissions by setting emission limits for a unit time period, so preventing end-users from favoring solvent-borne coatings and restricting their market expansion. In the United States, for instance, the Environmental Protection Agency (EPA) has established federal regulations for volatile organic compound (VOC) emissions, and some states have enacted even stricter emission standards, which have a negative impact on market growth.
The global market for sonochemical coatings is dominated by a small number of medium-sized companies that hold the great majority of the market share. Ongoing market trends for sonochemical coatings indicate that the majority of companies are investing considerably in thorough research and development operations. The most prominent companies in a market often implement vital strategies such as product line expansion and mergers and acquisitions. Numerous well-known manufacturers, such as Ultrasonic Systems, Inc., Sono-Tek, Sonaer, Inc., MTI, Siansonic Technology Co., Ltd., Nadetech Innovations, Optosense and Noanix, are now involved in this industry.
For instance, in January of 2020, Sono-Tek, one of the foremost producers and developers of sonochemical coating systems, introduced FlexiCoat EMI, a novel sonochemical coating system designed for conformal spraying of electromagnetic interference shielding material onto semiconductor packages. Sono-Tek, one of the foremost makers and innovators of sonochemical coating systems, designed FlexiCoat EMI. Thus, the R&D activities and developments by the market participants will provide lucrative opportunities for the sonochemical coatings market.
The sonochemical coatings market is segmented into type, substrate, technology end-user and region. Depending on the type, the market is divided into silver-titanium dioxide (Ag-TiO2) , prussian blue nanoparticles (PB-NPs), copper oxide (CuO), zinc oxide (ZnO), silicon dioxide and others. On the basis of substrate, it is categorized into cotton, plastic, metal and others. On the basis of technology, it is categorized into water-based and solvent-based. On the basis of the end-use industry, it is divided into medical, textile, consumer electronics, automotive, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global sonochemical coatings market are Sono-Tek Corporation, Ultrasonic Systems, Inc., Sonaer Inc., NOANIX, NADETECH INNOVATIONS S.L., Hielscher Ultrasonics GmbH, CHEERSONIC UlLTRASONICS EQUIPMENTS CO., LIMITED, MTI Corporation, Ralsonics, Siansonic Technology Co., Ltd. Other players operating in the market are Optosense, Advanced Oncotherapy PLC, Danfysik A/S, Hitachi, Ltd, IBA Worldwide and Mevion Medical Systems, Inc
[TYPEGRAPH]
The Zinc Oxide (ZnO) segment accounted for the largest share, owing to ZnO's great effectiveness, low toxicity, long-lasting effect, and durability. The industry is also driven by the increasing demand for ZnO coatings in medical & healthcare, electronics, and other industries. ZnO coatings promote workplace safety and cleanliness by inhibiting the growth of COVID-19 virus, bacteria, and other microorganisms on frequently handled surfaces. The Copper Oxide (CuO) segment is the fastest-growing segment with CAGR 9.5%, the electrical and electronic industry's use of copper oxides in products like magnetic storage devices, semiconductors, cathodes, and solar cells has created a significant commercial opportunity for producers of nanoscale copper oxides.
[SUBSTRATEGRAPH]
The metal segment accounted for the largest share and its demand is rising from the global electronics industry has led to the growth of the metal substrate. Additionally, the booming automotive and healthcare sectors are boosting the use of metal substrates. The cotton segment is the fastest-growing segment with CAGR 9.3%, because of the rise in demand for printed textiles and for higher-quality goods, the usage of cotton substrate has increased significantly.
[TECHNOLOGYGRAPH]
The Solvent Based segment accounted for the largest share and is the fastest-growing segment with CAGR 9.0%, the increase in demand from end-use industries such as infrastructure, automotive, and general industrial is expected to boost the expansion of solvent-based coatings.
[ENDUSEINDUSTRYGRAPH]
The medical segment accounted for the largest share, owing to the reduction in surgical operations is primarily responsible for the growth of the medical industry. Less invasive techniques are being regularly adopted by an increasing number of healthcare establishments. Both the patient and the provider have accepted this idea favorably; for the patient, advantages include early discharge and returns to normalcy, and for the provider, advantages include a quicker turnaround, resulting in more income. The textile segment is the fastest-growing segment with CAGR 9.6%, due to the rising demand for antibacterial textiles, the textile industry has advanced significantly. As a result, the market for sonochemical coatings will be driven by the rising textile industry.
[REGIONGRAPH]
The growth of important end-use industries including healthcare, construction, and electronics is what drives the market in Asia Pacific. The packaging market is expected to grow in the near future thanks to a strong manufacturing base in China, Japan, and India as well as rising e-commerce and electronic device sales.
Key Market Segments
Key Market Players