Nanofilm market size worth $ 7.09 billion by 2027

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Major players operating in the global nanofilm market include Nano Therapeutics Pvt. Ltd, Nanofilm, Cosmo Films Limited, Smart Source Technologies, Nano Foam Technology Private Limited, Advanced Thin Film, MetaTechnica, NanoGram Corporation, Maxtek Technology, Nano Labs, Cosmo Films Ltd. and MetaTechnica, among others.

Vancouver, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) – The global nanofilm market size was valued at $ 2.06 billion in 2019 and is expected to exceed $ 7.09 billion in revenue at a CAGR of 16, 6% until 2027 according to a latest report from Emergen Research. Market growth is driven by the extensive application of nanofilms in the microelectronics, storage, solar power and optics industry.

Nanofilms exhibit unique characteristics including low surface energy, low coefficient of friction, tensile strength, low deposition temperature, etc. The advantageous properties make these polymer films ideal for applications in energy storage devices and solar cell design. Nanofilms are also used for the surface modification process in microelectronics, which in turn improves the performance of new and existing products. The large-scale use of nanotechnology to improve display screens on electronic devices, reduce power consumption while decreasing the weight and thickness of screens will promote the growth of the nanofilm market.

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The commercial manufacture of nanofilms is the biggest challenge facing industry players. Traditional methods of producing nanostructured materials cannot form efficient nanostructures, while efficient methods such as atomic layer deposition and the microchemical langmuir-blodget method are expensive. These factors may restrain the growth of the market to some extent.

Other key findings from the report suggest

  • On the basis of applications, the biomedical segment is expected to register a CAGR of 20.4% during the forecast period due to the extensive biomedical applications of magnetic nanofilms. Biocompatibility and flexibility to transport controlled release drugs are some of the advantageous characteristics of nanofilms. Increasing the use of products for closing incisions after laparoscopic procedures or open surgery will further stimulate segmental growth.

  • In the regional landscape, Asia-Pacific is expected to dominate the global nanofilm market with the highest revenue share during the forecast period. The robust growth can be attributed to the growing demand for solar power and electronics in the region.

  • The BRIC countries (Brazil, Russia, India, China), which are also a major pole of the microelectronics industry, generate a strong demand for nanofilms. The increasing focus of leading international microelectronics manufacturers on expanding their base in BRIC countries will drive the market growth. In addition, population expansion, increasing disposable income and rapid economic development are other key factors contributing to the growth of the industry in emerging economies such as China and India.

  • Europe is expected to significantly contribute to the revenue share of the global nanofilm market during the forecast period owing to major developments in modern healthcare techniques and the increasing use of nanofilms for regenerative medicine. , muscle tissue engineering and drug delivery.

  • Major players operating in the global nanofilm market include Nano Therapeutics Pvt. Ltd, Nanofilm, Cosmo Films Limited, Smart Source Technologies, Nano Foam Technology Private Limited, Advanced Thin Film, MetaTechnica, NanoGram Corporation, Maxtek Technology, Nano Labs, Cosmo Films Ltd. and MetaTechnica, among others.

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For the purpose of this report, Emergen Research has segmented the global nanofilm market on the basis of processing type, application, thickness, and region:

  • Outlook Processing Type (Revenue: USD Billion; 2017-2027)

  • Application Outlook (Revenue: USD Billion; 2017-2027)

  • Thickness Outlook (Revenue: USD Billion; 2017-2027)

    • 01 micron and less

    • 1 micron and less

    • 2 microns to 1 micron

Consult the report description and the table of contents of the market report @ https://www.emergenresearch.com/industry-report/nanofilms-market

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