The global market for sonochemical coatings is expected to grow at a CAGR of 14% during the forecast period of 2023 to 2030. The market is being driven by consumers' growing choice for environmentally friendly chemical coatings. Because of their inherent features, such as low toxicity and antimicrobial resistance, sonochemical coatings are preferred over conventional coatings, particularly in industries such as consumer electronics and medical equipment. This preference is especially prevalent in businesses like these. During the time of forecast, the market is anticipated to expand as a result of increased awareness about the benefits of sonochemical coatings, such as improved finishing and positive effects on one's health. Manufacturers are making substantial investments in the research and development of specialised coatings in order to meet the specific standards imposed by medical manufacturers. In addition to this, they are purchasing sonochemical coating ingredient manufacturing firms in order to broaden their company, increase the number of products they offer, and more effectively satisfy the demand of the market. The integration of production and distribution channels is becoming increasingly important to manufacturers as a strategy for increasing their products' availability on the market. In addition to this, they are working to maintain a consistent supply of raw materials in order to fulfil the rising demand for sonochemical coatings that has arisen in the wake of the height of the COVID-19 pandemic.
Sonochemistry is frequently utilized in the process of preparing nanomaterials as well as surface functionalization, which refers to the creation of more surface area that can be processed. Sonochemical coating is a one-of-a-kind, environmentally benign, low-velocity spray coating that, when applied, forms micron-thin layers that are uniform, protective, and functional without clogging. Sonochemical coatings can be produced by the use of ultrasonic processing. Chemiluminescence has seen widespread application in the field of acoustic cavitation, specifically for the purpose of bubble monitoring via ultrasonic processing. During the manufacturing of paints and high-performance coatings, ultrasonic processing is utilized to accomplish the tasks of dispersing, de-agglomerating, and grinding pigment particles into nanoparticles. After being dispersed in the appropriate media, these pigments, which are typically made up of particles of metal oxide, give off colour. The size of these pigments is an important component that plays a role in determining the qualities possessed by the completed finish. Sonochemical coatings bring to a reduction in the particle size, which contributes to the overall uniformity.
Increasing Demand for Environment Friendly Solution
The majority of sonochemical coatings use solvents as their foundation. On the other hand, as a result of the implementation of rigorous laws against volatile organic compounds, the price of solvents is dramatically going up. In addition, a great number of nations are in the midst of a "green industrial revolution" to combat the effects of global warming and get to net zero by the year 2050. As a direct consequence of this, catalytic sonochemistry for the production of clean hydrogen from sustainable ammonia and coatings based on water is gaining popularity. The polymers in these coatings are easier to emulsify thanks to the use of ultrasonic processing. During the mixing process, nanoparticles that are utilised in sonochemical coatings generally agglomerate. These particles can be more effectively dispersed and deagglomerated with the use of ultrasonic processing. It is suitable for use in liquids that have a high viscosity as well as liquids that have a high concentration of solids.
Increasing Application in Healthcare Industry Fuelling the Market Growth
Infections that people pick up while being treated in a hospital are referred to as "hospital-acquired infections," or "HAIs." They are spread through direct physical contact with a contaminated surface or element, such as the skin, aerosols, shared tools, hospital furniture, or hospital fabrics. They can also be transmitted through indirect contact with a contaminated surface or element. An increase in the application of sonochemical coatings in medical equipment has been attributed to an increase in knowledge about healthcare-associated infections (HAIs) as well as initiatives by the government to stop the spread of these infections. Infectious diseases caused by HAIs are the primary cause of death and disease on a global scale. Around 1.7 million patients in the U.S. become infected with HAIs each year, as reported by the Office of Disease Prevention and Health Promotion. Of these 1.7 million patients, nearly 100,000 patients pass away as a result of their infections, while many more patients seek medical treatment.
There are a number of medical gadgets that provide a breeding ground for germs, and it is extremely difficult to eradicate these bacteria with traditional disinfectants. Numerous producers of medical equipment and healthcare facilities have begun putting antimicrobial coatings to various products as a preventative strategy. In addition, the governments of a number of nations in Europe and North America have coordinated their respective countries' efforts to reduce the transmission of HAIs. The U.S. Department of Health and Human Services (HHS) presented the National Action Plan to reduce healthcare-associated infections in acute care hospitals across the country in October of 2016.
Application in Construction and Automotive Industries to Add on to the Demand
An increase in consumer awareness regarding environmentally friendly products has encouraged manufacturers across a variety of industries to design coatings that are more efficient. The sonochemical coatings market share is expected to be fuelled by the widespread adoption of sonochemical coatings in a variety of industries, including electronics, building and construction, and automotive. Displays, glass, and fuel cells are all manufactured using sonochemical coatings because of their resistance to corrosion and minimal maintenance requirements respectively. Sonochemical coatings are an excellent choice for use in applications related to architecture and construction because of their resistance to microbes, extended life expectancy, and protection against stains, unpleasant odours, and the formation of biofilm.
Increasing Demand for Electric Devices
During the time period covered by this projection, an increase in the demand for electronic devices is also anticipated to play a role in the expansion of the sonochemical coatings market. Sonochemical coatings provide great moisture resistance and help prevent the formation of harmful microorganisms such algae, bacteria, and fungi; in addition, they inhibit the growth of pathogenic microorganisms. Plastics that have been treated with antimicrobial compounds have a longer functional lifetime because the chemicals limit the growth of bacteria that can cause the plastics to deteriorate more quickly. The use of these chemicals renders polymers more long-lasting, stainless, odorless, and highly suited for a variety of medical, electronic, and automotive applications.
Zinc Oxide (ZnO) Segment Dominating the Market
Zinc oxide (ZnO), silver-titanium dioxide (Ag-TiO2), Prussian blue nanoparticles (PB-NPs), silicon dioxide (SiO2), copper oxide (CuO), and other types make up the various segments that make up the worldwide sonochemical coatings market. According to the figures gathered from the sonochemical coatings industry, the zinc oxide (ZnO) segment held a dominant position with a revenue share of 32% in the year 2021. Because of ZnO's high efficacy, low toxicity, long-lasting effect, and durable nature, this can be attributed to the fact that it has a long-lasting effect. The industry is also being driven by an increase in demand for ZnO coatings in the medical and healthcare industry, electronics, and other industries. ZnO coatings prevent the growth of the COVID-19 virus as well as bacteria and other types of microorganisms on surfaces that are often touched. This contributes to ZnO coatings' ability to keep workplaces safe and clean.
North America is the Global Leader
According to the findings of a study conducted on the global market for sonochemical coatings, North America was the most dominant region of the market in 2021, accounting for more than 40% of the global revenue. The expansion of the construction industry, which is due to the rise in the number of non-residential construction projects such as hospitals, schools, and universities, is anticipated to be the primary factor driving the market in North America throughout the course of the forthcoming length of time. The passage and subsequent implementation of the "Affordable Care Act" in the United States has resulted in the building of new healthcare facilities and hospitals. The increase in population is also anticipated to lead to an increase in construction activities in the country, which is predicted to drive the market for sonochemical coatings. However, as a result of the drop in cross-border trade that has occurred among economies since the start of the COVID-19 pandemic, it is anticipated that the market for sonochemical coatings in North America would have sluggish growth throughout the time covered by the forecast.
APAC to have a Significant Market Stake
It is anticipated that Asia Pacific will follow North America in terms of revenue growth over the course of the projected year. The growth of important end-use sectors including healthcare, construction, and electronics is the primary factor propelling the market in the Asia Pacific region. It is projected that in the not-too-distant future, the market in the region would expand as a result of the robust manufacturing base of the packaging sector in China, Japan, and India as well as an increase in sales of e-commerce and electronic items. It is anticipated that the implementation of beneficial policies like Foreign Direct Investments and Make in India will also generate lucrative prospects for the food processing and healthcare industries. It is anticipated that this will, in turn, lead to an increase in the use of antimicrobial coatings throughout the region.
Market Remains Concentrated
The global market for sonochemical coatings is extremely concentrated, with a few numbers of medium-sized vendors controlling the vast majority of the market share. Ongoing tendencies in the market for sonochemical coatings indicate that the majority of companies are investing heavily in research and development operations that are comprehensive. The most notable firms in the market typically follow crucial strategies such as expanding their product ranges and engaging in mergers and acquisitions. A number of well-known companies, including Sono-Tek, Ultrasonic Systems, Inc., MTI, Siansonic Technology Co., Ltd., Sonaer, Inc., Noanix, Nadetech Innovations, and Optosense, are currently active participants in this sector. Key Developments in the Global Sonochemical Coatings Market • In January of 2020, Sono-Tek, one of the leading manufacturers and developers of sonochemical coating systems, launched FlexiCoat EMI, a new sonochemical coating system designed for conformal spraying of electromagnetic interference shielding material onto semiconductor packages. FlexiCoat EMI was developed by Sono-Tek, which is also one of the leading manufacturers and developers of sonochemical coating systems.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sonochemical Coatings market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
