Sonochemical Coatings Market Expected to Reach $148.7 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Sonochemical Coatings Market," The sonochemical coatings market was valued at $65.4 million in 2021, and is estimated to reach $148.7 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031.

Sonochemistry is utilized to prepare nanomaterials and boost their processing surface area. Sonochemical coating, a novel, environmentally benign, low-velocity spray coating, provides micron-thin coatings that are uniform, protective, and functional without clogging. Sonochemical coatings are produced via ultrasonic processing. In acoustic cavitation, chemiluminescence is utilized to monitor ultrasonic bubbles. In paints and high-performance coatings, ultrasonic processing disperses, deagglomerates, and grinds pigment particles into nanoparticles. When dispersed in suitable mediums, these metal oxide pigments emit color. The size of these pigments determines the finish's characteristics. Sonochemical coatings diminish particle size, hence enhancing homogeneity.

Increased demand for environmentally friendly chemical coatings is driving the global market for sonochemical coatings. Sonochemical coatings are favored over conventional coatings, particularly in areas such as consumer electronics and medical equipment, due to their inherent features, which include low toxicity and antibacterial resistance. Increased awareness of the benefits of sonochemical coatings, such as health benefits and superior finishing, is anticipated to drive market growth during the forecast period.

Manufacturers are investing heavily in the R&D of tailored coatings that can satisfy the special needs of medical manufacturers. They are also purchasing companies that manufacture sonochemical coating components in order to develop their businesses, enhance their product lines, and meet market demand competitively. To increase market accessibility, manufacturers are integrating their production and distribution channels. In order to address the rising demand for sonochemical coatings following the peak of the COVID-19 pandemic, they are also assuring a steady supply of raw materials.

The sonochemical coatings market is segmented into type, substrate, technology end-user and region. Depending on the type, the market is divided into silver-titanium dioxide (Ag-TiO2), prussian blue nanoparticles (PB-NPs), copper oxide (CuO), zinc oxide (ZnO), silicon dioxide (SiO2)and others. On the basis of substrate, it is categorized into cotton, plastic, metal and others. On the basis of technology, it is categorized into water-based and solvent-based. On the basis of the end-use industry, it is divided into medical, textile, consumer electronics, automotive, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of type, the sonochemical coatings market is categorized into silver-titanium dioxide (Ag-TiO2), prussian blue nanoparticles (PB-NPs), copper oxide (CuO), zinc oxide (ZnO), silicon dioxide (SiO2)and others. Copper oxide (CuO) is projected to be the fastest-growing segment and zinc oxide (ZnO) has garnered the highest share in the sonochemical coatings market.

On the basis of substrate, it is categorized into cotton, plastic, metal and others. Cotton is projected to be the fastest-growing segment and Metal has garnered the highest share in the sonochemical coatings market.

On the basis of technology, the sonochemical coatings market is categorized into water-based and solvent-based. Solvent Based is projected to be the fastest-growing segment and has garnered the highest share in the sonochemical coatings market.

On the basis of the end-use industry, the sonochemical coatings market is categorized into medical, textile, consumer electronics, automotive, and others. Textile is projected to be the fastest-growing segment and Medical has garnered the highest share in the sonochemical coatings market.

The major players operating in the global sonochemical coatings market are Sono-Tek Corporation, Ultrasonic Systems, Inc., Sonaer Inc., NOANIX, NADETECH INNOVATIONS S.L., Hielscher Ultrasonics GmbH, CHEERSONIC UlLTRASONICS EQUIPMENTS CO., LIMITED, MTI Corporation, Ralsonics, Siansonic Technology Co., Ltd. Other players operating in the market are Optosense, Advanced Oncotherapy PLC, Danfysik A/S, Hitachi, Ltd, IBA Worldwide and Mevion Medical Systems, Inc.

Key findings of the study

• On the basis of type, the copper oxide (CuO) segment is expected to grow at a CAGR of 9.5%, in terms of revenue, during the forecast period.
• On the basis of substrate, the cotton segment is expected to grow at a CAGR of 9.3%, in terms of revenue, during the forecast period.
• On the basis of technology, the solvent-based segment is expected to grow at a CAGR of 9.0%, in terms of revenue, during the forecast period.
• On the basis of end-use industry, the textile segment is expected to grow at a CAGR of 9.6%, in terms of revenue, during the forecast period.
• Region-wise, Asia-Pacific garnered the highest share in 2021 in terms of revenue.

COVID-19 analysis

• During the pandemic, there was a stronger focus on the expansion of the medical industry due to the increased demand for superior items on the market.
• However, during the COVID-19 pandemic, a lack of skilled laborers and the extreme lockdown delayed or halted activities, affecting the market.
• In addition, supplies and production were halted, which diminished demand for numerous chemical products. The building industry stopped, which proved to be a significant issue impeding the market's expansion.