The Global Nanofilms Market size is expected to grow from US$0.5 billion in 2018 to reach US$1.6 billion by 2028, at a CAGR of 10% during the forecast period (2021 – 2028). The major factors driving the growth of this market are the increasing demand for metal films in the storage industry and an increase in the usage of plastics films in the consumer electronics sector. However, the high cost associated with the manufacturing process may pose a challenge to the growth of this market over the coming years.
Nanofilms are thin films of substances that do not dissolve in liquids. They can be made from organic substances, such as food and spices, or they can be constructed using metallic alloys or synthetic polymers. Nanotubes is a filament with its diameter measured at less than one nanometer (nm). The exact definition for nanoscale is something measuring between 0-0.001 micrometers (μm), therefore anything under 100 nm would qualify as being a nanoparticle.
Nanofilms are used in the production of solar panels and lithium-ion batteries, as well as for their ability to store other forms of energy. They can also be found on furniture and clothing that is treated with a UV-resistant agent so it does not deteriorate when exposed to sunlight. Examples include glass windows, eyeglasses, printer paper, etc., which all need protection from ultraviolet light rays. Some types of nanofilms even provide self-cleaning properties because they have hydrophobic qualities or are water repellant (they will repel moisture).
On the basis of Type, the market is segmented into Metal and Plastic Nanofilms. By type, the metal segment dominated this market with over 50% share in 2017 and will continue to dominate it through 2028. The plastic segment accounted for around 16% of the total revenue of this market in 2017 and will grow steadily throughout the forecast period owing to its wide range of applications such as solar energy, storage industry, and optics industry.
Metal Nanofilms are composed of nanoparticles that form a thin film with the thickness on the order of nanometers. They have shown to be very effective in improving thermal and acoustic insulation properties, as well as reducing weight by adding strength without adding much extra material.
Nanotechnologists at MIT found that metal films can also act as antennas for heatwaves or sound waves, amplifying their intensity when they touch these waves' edges. This could lead to improved computer processing speeds and better signal reception from wireless communication devices such as cell phones and radar sensors because it would allow them to work more efficiently over greater distances than possible today. However, there is still research being done before any new technologies can be produced commercially.
Plastic nanofilms are thin films of a polymer resin that has been processed to have different physical properties than the original resin. These properties include transparency, color, heat conductivity, and other desired characteristics. The manufacturing process is often referred to as "plasma deposition." The film can be deposited on both rigid surfaces like glass and plastic or inflexible materials such as clothing. Plastic Nanofilms are used for insulation, weatherization, decoration, and many other purposes.
On the basis of Application, the market is segmented into the Storage industry, Solar energy, and Optics industry.
The storage industry segment contributed the major market share in the application of Plastic nanofilms throughout the forecast period due to increasing demand for safe packaging solutions from food & beverage industries, pharma segments as well as cosmetics amongst others. They have great potential for use in data storage. Nanofilms can be used to increase the durability of digital files, which is an important concern as we move away from discs and other physical media.
The solar energy industry is now turning to nanofilms for the production of their cells. The use of these thin-layer films in photovoltaic technology has been known since 1985, with research on how they can be used as an efficient alternative to silicon in producing solar panels beginning even sooner than that (in 1978). They have many advantages over traditional PV technologies because they are cheaper and more lightweight, which helps make them easier to transport and install. These materials also allow a greater amount of light into cells when compared to other types of paneling material like glass or plastic due to their semi-transparent nature. In addition, with this type of surface, there is less need for back reflectors or metal sheets behind each cell.
Nanofilms are used in the optics industry as a protective layer for lenses, to reduce glare. The optical nanofilm or thin-film will ensure that most of the light is transmitted through it without being scattered by air molecules. This allows any surface on which this material has been applied to be lit up evenly and brightly. The optics sector is one more fast-growing segment within Global Nanofilm Market due to higher demand from various industries such as aerospace, defense, automotive, etc.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. Europe's highest contribution to this sector can be credited largely to Germany who accounts for over 40 % of nanofilms production. High-end industries within the region are also significant contributors to this market with many countries such as France, Netherlands, and Italy sustaining a steady growth in their demand for these products
North America dominates in terms of revenue share with large-scale production facilities that produce nanofilms for a variety of electronics applications. The U.S., Canada, and Mexico account for more than 67% of global demand owing to their dominance in manufacturing within these sectors such as semiconductor chipsets, batteries, etc. This region also exhibits growth potential due to its steadfast investments in research and development across many fields which have led it to being one of the major players worldwide.
Other regions like the Asia Pacific and Middle East & Africa contributed significantly over recent years but faced challenges due to lower investment from governments across these sectors. The markets in China, India along Japan continue to grow at an impressive rate, accounting for more than 50% share. This can largely be attributed to an increase in domestic consumption rates coupled with robust investments into research and development activities. Japan is one of the leading Asian manufacturers owing to its high manufacturing base that includes automotive, electronics, etc., which have led it towards being one of the major players worldwide.
Up Market Research published a new report titled “Nanofilms Market research report which is segmented by Types (Metal, Plastic), By Applications (Storage industry, Solar energy, Optics industry), By Players/Companies Nanofilm( US), Nanofilm Technologies (US), Nano Foam Technology Private Limited (India), Nano Therapeutics Pvt. Ltd (India), Nano Lab India (India), Cosmo Films Limited (India), Smart Source Technologies (India), NanoGram Corporation (US), MAT-VAC Technology (U.S), LOT-Oriel (United Kingdom), Maxtek Technology (Taiwan), MicroChem (US), MetaTechnica (US), Advanced Thin Film (US)”.
|Report Attributes||Report Details|
|Report Title||Nanofilms Market Research Report|
|By Type||Metal, Plastic|
|By Application||Storage industry, Solar energy, Optics industry|
|By Companies||Nanofilm( US), Nanofilm Technologies (US), Nano Foam Technology Private Limited (India), Nano Therapeutics Pvt. Ltd (India), Nano Lab India (India), Cosmo Films Limited (India), Smart Source Technologies (India), NanoGram Corporation (US), MAT-VAC Technology (U.S), LOT-Oriel (United Kingdom), Maxtek Technology (Taiwan), MicroChem (US), MetaTechnica (US), Advanced Thin Film (US)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||230|
|Number of Tables & Figures||161|
|Customization Available||Yes, the report can be customized as per your need.|
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 products, applications, and competitor analysis.
The market is segmented by Type Metal, Plastic and By Application Storage industry, Solar energy, Optics industry.
Some of the companies that are profiled in this report are:
Nanofilms Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Nanofilms Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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