Market Dynamics
The use of antimicrobial nanocoatings has increasingly become an important part of day-to-day healthcare and consumer products due to its highly resourceful application in the areas of medical technology, hygiene, food packaging, air & water filtration, etc. In India, the market for antimicrobial nanocoatings is currently in the early stages of development, however, the market is expected to evolve rapidly over the next decade, due to the emergence of modern healthcare and increased efforts to tackle air and water pollution. In terms of application, food packaging and healthcare products are currently the major areas of the Indian antimicrobial nanocoating market l. It is being widely used in food packaging materials to protect food from contamination and also extend its shelf life. In healthcare products, the coatings are used as anti-bacterial, anti-fungal and antiviral agents to critters that can be present inside the packaging. This also helps with preserving the packaging in a sterile condition. In addition, the nanocoatings are being used in implantable medical devices such as prosthesis, orthopedic implants, cardiovascular stents, and orthopedic screws to provide protection against infection and corrosion.
On the other hand, the application of antimicrobial nanocoatings has also been enabling a vast range of consumer products, such as textiles, plastics, paper, cosmetics, hygiene products, and paints. The demand is high in this segment due to its durability and water-resistant properties. The coatings help to keep fabrics soft and reduce bad odor after washing and long time use. They help in keeping the product safe from microbial contaminants in hot climates, humid environments, and even acidic conditions. With the increasing awareness about the health and environment security, the demand for antimicrobial nanocoatings is expected to surge in the Indian market in the coming years. Also, the recent innovations in the nanocoatings technology with better and cost-effective solutions will further fuel the market growth. Moreover, the favorable government policies and schemes coupled with the forthcoming investments in the nanocoating sector will be amplifying the market growth during the forecast period (2018-2032).
