Friday, October 16, 2020

Increasing Investment in the Study of Patterned or Organized Molecular Films to Propel Nanofilms Industry Growth

 Market Insights:

Nanofilms can be described as thin layers of material, with thickness ranging between a fraction of a nanometer and several micrometers. These films are an atomic-thick frontier with their surroundings, where most of the physicochemical processes take place. The largest class of these nanofilms comprise of a stack of multiple layers that have opposite charge, wherein the states’ density is restricted to a 2D arrangement, and quantum coupling among multiple layers moderate the properties of the assembled multilayer. The most prominent method to deposit functional thin films is the layer-on-layer deposition. Several approaches to deposit single layers include spin coating, immersion, electromagnetic deposition, spraying, and fluidic assembly.

Nanofilms Market

The market growth is being propelled by the increasing investment in the study of patterned or organized molecular films in nanostructures by looking at the assembly of quantum dots measured in nanometers. There are a plethora of new projects exploring the different applications of this technology for different purposes by both academia as well as companies, which would widen the application scope of nanofilms further, simultaneously boosting market growth and expansion. For instance, a group of material scientists from the National University of Science and Technology MISiS has used boron nitride to create antibacterial nano-coatings that work efficiently against microbial pathogens. They might become a safe alternative to antibiotics typically used in implantology as they have no side effects. Researchers from the University of Houston have recently introduced a medical robotic hand made with stretchable semiconducting nanofilms that can allow medical professionals to diagnose and treat patients remotely, with optimal accuracy and a diminished margin of human error. Hybrid nanofilms might be a crucial addition as topical anesthetics to dentistry procedures to make them pain-free.

Some of the leading players in the industry are Nanofilm, Nano Therapeutics Pvt. Ltd., Cosmo Films Limited, Nano Foam Technology Private Limited, Cosmo Films Ltd Smart Source Technologies, Advanced Thin Film, MetaTechnica, NanoGram Corporation, Maxtek Technology, MetaTechnica, and Nano Labs. In recent years, the nanofilms market has witnessed established companies investing in keeping up with the evolution in the technology and newer players emerging with innovative products that broaden the scope of its applications. 

In April, earlier this year, Peak Nanosystems LLC, a Coppell-based start-up working with nanotech, closed its Series C round with funds amounting to USD 25 Million from Connecticut-based Squadron Capital. The company planned to allocate the funds towards acquiring PolymerPlus, an Ohio-based Multilayered Polymer Products & Research Company, and expanding its own in-house optical product development. PolymerPlus has developed technology for film capacitors and optics, which can be launched next year. By acquiring the company, Peak Nanosystems acquired the rights to this particular tech and the IP on board nanolayered film that has been fabricated at the Case Western Reserve University in Cleveland. 

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