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Firm Touts Top Tech of 2015

Wednesday, October 14, 2015

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Anti-corrosion coatings are among the top technologies expected to show the most advancement and influence this year, a new research report indicates.

A focus on multi-functionality and high-performance attributes will spur innovations in the materials and coatings sector, according to a recent study performed by global research and consulting firm Frost & Sullivan.

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© iStock.com / windowintime

Anti-corrosion coatings are among the top technologies expected to show the most advancement and influence this year, a new research report indicates.

Additionally, with significant research and development work underway by stakeholders across industry segments, commercialization of new materials and coatings is anticipated, especially in healthcare, electronics and energy, the firm announced in a press release Friday (Oct. 9).

Top Technologies

In the 2015 Top Technologies in Materials & Coatings report, Frost & Sullivan have identified the following as key technologies likely to have had the most impact in 2015:

  • Carbon fibers;
  • Polymer chameleons;
  • Lightweight composites;
  • Anti-corrosion coatings;
  • Polymeric catalysts;
  • Bio-based materials;
  • Nanomaterials;
  • Membrane separation technologies;
  • Algal bioprocessing; and
  • Biochemicals.

Although cost-effective technologies that offer a good return on investment are still prominent, the firm says technologies that reduce raw material use and promote energy-efficiency are gaining status.

Growth and Demand

Aarthi Janakiraman, Frost & Sullivan’s TechVision senior industry analyst and the report’s author, indicates that regulations (which vary by country) and strict laws (especially in Europe and North America) are the “major drivers for material and coating innovations, especially in the industrial and transportation sectors." 

"Innovations in lightweight materials, anti-corrosion coatings and carbon fibers in particular, have received a huge boost due to regulatory pressures," he adds.

While lightweight composites are not uncommon in the aerospace and automotive industries, where fuel efficiency is the primary benefit, now they are also finding their way into sectors such as offshore, marine, oil and gas, and construction.

Due to their use as reinforcement materials and the expansion of production facilities, lightweight, high-strength composites, especially carbon fibers, will see increased adoption in the next three years, the report says.

"Anti-corrosion coatings too will continue to see substantial growth in the next five years as companies comply with strict regulations requiring the use of materials and products that ensure long-lasting protection from environmental damage," Janakiraman points out.

He also forecasts that the growing demand for novel materials such as stimuli-responsive polymers will further drive the materials industry.

Addressing Challenges

Three areas threaten to hinder the adoption of innovative coatings and materials for various industrial and consumer applications, the company reports. These include difficulties in scaling up new materials to the commercial level, cost of implementation and long-term durability issues.

istock.com/dem10
© iStock.com / dem10

Difficulties in scaling up new materials to the commercial level, cost of implementation and long-term durability issues may hinder adoption of innovative coatings in consumer and industrial applications, the report says.

The research recommends that market participants invest in more research initiatives to address these challenges.

Developing self-healing structures and capitalizing on the need for materials with tunable properties and strong functionalities in sectors such as healthcare and electronics will help in further growth and adoption of materials and coatings technologies, according to the data.

About the Report

The report, part of Frost & Sullivan’s TechVision subscription series, analyzes past, current and emerging trends, drivers and challenges faced by stakeholders in the materials and coatings industry.

It provides a comprehensive overview of the top 10 material and coating technologies that rose to the top in the firm’s Technical Insights research. Information was compiled from participants including technology developers, funders, innovators, universities, research and development institutions and governmental R&D bodies.

Frost & Sullivan’s global analysts evaluated over 100 technologies in the materials and coatings sphere across significant metrics such as global R&D footprint, year of impact, global IP patenting activity, private and public funding, current and emerging applications, potential adoption rate, and market potential.

The 10 top-rated technologies the agency sees having the most potential to spawn innovative products, services and business models have subsequently been profiled in this research program.

   

Tagged categories: Asia Pacific; Bioproducts; Coating Materials; Corrosion; EMEA (Europe, Middle East and Africa); Latin America; Market forecasts; Market research; Market trends; Nano and hybrid coatings; North America; Polymers; Research

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