Increasing Demand for Nanocoatings from Automotive and Electronics Industry

Vantage Market Research

Dec 24, 2021

Surging Demand For Nano-coating From Various Sector Is To Flourish Nano coatings Market!

Nano-coatings are the thin and transparent materials that are made by shrinking raw materials to its molecular level intended to form a denser product. These molecules can be measured on Nano-scale. Nano coatings emit considerably lower levels of Volatile Organic Compounds (VOCs) than traditional polymer coatings, making them more preferable over traditional coatings. Nano coatings have various features such as, chemical resistance, anti-corrosive, and color and gloss retention among others. There are several types of nano-coatings such as, anti-fingerprint, anti-fog, anti-microbial, anti-viral, and anti-corrosion nano-coating. Moreover, other nano-coatings types are abrasion & wear-resistant, barrier, anti-fouling & easy-clean, and self-cleaning nano-coatings. Additionally, some other types are photocatalytic, UV-resistant, thermal barrier, flame retardant, anti-icing and De-icing, anti-reflective, self-healing, shape memory nano-coatings.

These nano-coatings have a wide range of application such as, aviation & aerospace, automotive, buildings & construction, consumer electronics, and household care and lifestyle. Moreover, nano-coatings have some other applications such as marine, military and defence, packaging, and textiles and apparel. In addition to this, nano-coatings can also be used in application such as oil and gas, tools and machining, anti-counterfeiting activities. Thus, being the wide range of applications the demand for nano-coatings from several sectors is increasing at it wildest level, further propelling the growth of nano-coatings market.

What will be the market by 2028?

Our report on nano-coatings market has covered the study of latest development and investment in the market. Additionally, report covers the value chain analysis, regulatory analysis, market attractiveness analysis, and Porter’s five forces analysis, for nano-coatings market. Furthermore, our report includes market drivers, restraints and opportunities along with COVID-19 impact analysis, historical & descriptive analysis, and forecasts & predictive analysis. The global nano-coatings market valued at USD 7.80 billion in 2020 and expected to reach USD 34.70 billion in 2028 with CAGR of 20.51%.

Some of key players in Nanocoatings Market include Nanophase Technologies Corporation, Admat Innovations, Nanogate AG, EIKOS Inc., CIMA Nanotech, Bio-Gate AG, Duraseal Coatings Company LLC, Buhler AG, Surfix BV, Nanomech Inc., among others.

North America is estimated to be dominating region for nanocoatings market. The market growth is attributed to the surging demand from medical and automotive coatings industry, automotive industry, and others. Asia Pacific is projected to grow at fastest CAGR over the forecast period. The market growth in APAC is attributed to rapid pace of urbanization and industrialization.