Global Sonochemical Coatings Market Set to Reach USD 6.7 Billion by 2031, With a Sustainable CAGR Of 13.8% | Growth Market Reports

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Mar 23, 2023, 11:45 ET

PUNE, India, March 23, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, " Sonochemical Coatings Market " by Type (Silicon Dioxide, Prussian Blue Nanoparticles, Zinc Oxide, Silver-Titanium Dioxide, Copper Oxide, and Others), Substrate (Metal, Plastic, Polyester, Cotton, and Others), Technology (Water-based and Solvent-based), Application (Automotive, Building & Construction, Plastic, Consumer Electronics, Medical, Textile, and Others), and Regions: Size, Share, Trends, and Opportunity Analysis, 2023-2031", the market was valued at USD 2.1 billion in 2022 and is expected to reach USD 6.7 billion, expanding at a CAGR of 13.8% by the end of 2031. The growth of the market is attributed to the increasing preference for sustainable coatings over traditional coatings in various industries.

Key Market Players Profiled in the Report

Ultrasonic Systems, Inc
Sono-Tek Corporation
Sonaer Inc.
Optosense
Noanix
Siansonic
NADETECH INNOVATIONS S.L.
CHEERSONIC UlLTRASONICS EQUIPMENTS CO., LIMITED
Hielscher Ultrasonics GmbH
Ralsonics

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, substrate, technology, application, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

Highlights on the Segments of the Sonochemical Coatings Market

In terms of type, the global sonochemical coatings market is divided into silicon dioxide (SiO2), Prussian blue nanoparticles (PB-NPs), zinc oxide (ZnO), silver-titanium dioxide (Ag-TiO2), copper oxide (CuO), and others. The key factors that are fueling the use of ZnO sonochemical coating are its advantages such as long durability and lasting effects, lesser toxicity, and high efficiency.

Based on substrate, the market is classified as metal, plastic, polyester, cotton, and others. The cotton substrate is anticipated to expand at a rapid pace owing to the rising demand for high-quality textiles with protective properties.

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On the basis of technology, the global sonochemical coatings market is bifurcated into water-based and solvent-based. The solvent-based segment is projected to hold the largest share of the market in the coming years. The solvent-based coating is highly resistant to various environmental conditions.

In terms of application, the market is segmented into automotive, building & construction, plastic, consumer electronics, medical, textile, and others. The medical segment is projected to expand at the fastest compound annual growth rate owing to increasing demand for bacteria and virus-resistant coatings.

Based on region, the managed services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to dominate during the forecast period owing to expanding use of sonochemical coatings applications in different end-user industries.

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Key Takeaways from the Study:

The sonochemical coatings are micron-thickness coatings generated using ultrasonic processing methods.
The coatings consist of protective, homogeneous, and eco-friendly coating properties. The slow-speed coating process creates clog-free functional thin coatings.
The sonochemical coatings technique allows for working on the preparation of nanomaterials and expanding surface size to enhance the chemical reactions and conditions.
These reactions are strong and even some of the pollutants present in water can be eliminated using sonochemical reactions.
The coatings are advantageous owing to anti-pollutant properties. Such as, low toxicity and high resistance against bacteria.
The application of the sonochemical coatings includes electronics, medical devices & equipment, and others. In the textile industry, the technique is used to detect bacteria with the color change technique.
According to World Health Organization (WHO), one out of every ten patients is likely to die due to healthcare-associated infections. This has increased the importance of protective coatings applications in healthcare in recent years.
Most of the sonochemical coatings are based on solvent technology, as it is highly resistant to various environmental conditions as compared to waterborne coatings.
Asia Pacific is estimated to grow rapidly during the forecast period. The growth is attributed to the expansion of the application methods of sonochemical coatings in the region.

Read 176 Pages Research Report with Detailed ToC on "Sonochemical Coatings Market by Type (Silicon Dioxide, Prussian Blue Nanoparticles, Zinc Oxide, Silver-Titanium Dioxide, Copper Oxide, and Others), Substrate (Metal, Plastic, Polyester, Cotton, and Others), Technology (Water-based and Solvent-based), Application (Automotive, Building & Construction, Plastic, Consumer Electronics, Medical, Textile, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031"

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Key Segments Covered

Type

Silicon Dioxide
Prussian Blue Nanoparticles
Zinc Oxide
Silver-Titanium Dioxide
Copper Oxide
Others

Substrate

Metal
Plastic
Polyester
Cotton
Others

Technology

Water-based
Solvent-based

Application

Automotive
Building & Construction
Plastic
Consumer Electronics
Medical
Textile
Others

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Other Related Reports:

Global Waterborne Coatings Market by Resin Types (Acrylic, Polyurethane, Epoxy, Alkyd, Polyester, PTFE, PVDC, PVDF, and Others), Applications (Architectural, Automotive, Metal Packaging, Industrial Wood, Marine, Coil, and Others), and Regions (Asia-Pacific, North America, Europe, Latin America, and Middle-East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Global Construction Coatings Market by Types (Water-based, Solvent-based, and Powder), Applications (Residential, Non-residential, and Infrastructure), and Regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast From 2022 To 2030
Global Textile Coatings Market by Type (Thermoplastics, Thermosets, Others), By Application (Transportation, Building & Construction, Protective Clothing, Industrial, Medical, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Global Plastic Coating Market by Type (Acrylic, Polyurethane, Epoxy), By Application (Aerospace and defense, Automotive, Medical, Building and construction) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

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