Nanocoatings Market by Type (Anti-fingerprint, Antimicrobial, Easy-to-Clean & Anti-Fouling, Self-Cleaning {Bionic & Photocatalytic}, Anti-Icing & Deicing, Anticorrosion, Conductive, UV, Abrasion, & Wear Resistant), By Application (Electronics, Energy, Food & Packaging, Construction, Marine Industry, Military & Defense, Automotive, Aerospace, Healthcare)-Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Market Overview:

The Nanocoatings Market held USD 8558.3 million in 2020 and is said to grow with a CAGR of 20.80% from 2020-2030. Thin films applied to surfaces to create or enhance the functionality of a material such as friction reduction, thermal control, water and ice protection, corrosion protection, self-cleaning, heat and radiation resistance, and antifouling and antibacterial properties are called nanocoatings. Because of the lower content of VOCs (volatile organic content), preferences are given over traditional coatings. Often, they avoid damage to the painted surface caused by external causes, such as UV and acid rain.

Market Dynamics and Factors:

Rapidly growing electronics and automotive sector will be responsible for the nanocoatings market growth. Increasing demand in coatings sector along with rising urbanization in BRIC countries has been the key driver responsible for the  global nanocoatings market growth. Due to superior properties and low VOC emissions, the market is shifting it's demand to nanocoatings rather than polymer coatings, which is considered to be a major driving factor for the global nanocoatings market during the forecast period.  Increasing preference for advanced materials in the medical and automotive industries has seen a surge in research and development of nanotechnology, which is expected to boost nanocoatings market growth over the estimated time period.

Market Segmentation:

Based on the type, the global nanocoatings industry is segmented into tempered glass,  laminated glass, heat strengthened glass, float glass, and others. On the basis of application, the market is segmented into food & packaging, construction, marine industry, electronics, energy, automotive, aerospace, military & defense and  healthcare. Geographic bifurcation of global nanocoatings market share includes North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Due to increase in demand in medical & healthcare applications North America holds largest market share. The region accounted for over 40 percent of global nanocoatings market demand, and technological developments are expected to boost further market revenue resulting in advanced healthcare facilities in the US. Increasing demand for automobiles in the region is also expected to drive the nanocoatings market further during the forecast period.

The European nanocoatings market is expected to see the significant growth due to strict regulations on VOC emissions from the paints and coatings industry and increased raw material costs of conventional coatings resulting in increased nanocoatings adoption and will be a growing nanocoating market trend. Growth in key application industries such as electronics, automotive, and healthcare, particularly in Asia Pacific, is expected to drive global nanocoatings market demand in the region due to low-cost labor and technological advances during the forecast period.

Competitive Scenario:

The global nanocoatings market, which is highly competitive, consists of a few major players. In terms of market share, few of the major players currently dominate the market. The key players of market  are Nanogate AG, Buhler AG,  Bio-Gate AG, Admat Innovations, Nanophase Technologies Corporation,  Nanomech Inc., Surfix BV, CIMA Nanotech, EIKOS Inc., Integran Technologies Inc. Tesla Nanocoatings Inc., Duraseal Coatings Company LLC., Nanovere Technologies LLC, Inframat Corporation and ACTnano, Nanofilm Ltd., P2i Ltd., 

Nanocoatings Market Report Scope