Nanocoatings Market
Growth Factors of Nanocoatings Market
The nanocoatings market size was valued at USD 14.32 billion in 2023, and the market is now projected to grow from USD 17.54 billion in 2024 to USD 90.29 billion by 2032, exhibiting a CAGR of 22.7% during the forecast period of 2024-2032.
The emergence of the COVID-19 affected the global economy in that they led to closure of factories, workplaces, trading, and transportations. Health recommendations causing business cessation by governments led to economic losses, joblessness, and disruptions in the value chain study affect the daily life.
Nanocoatings garner immense popularity in the construction industry due to excellent performance properties that include self-assembly effects. They are more effective at shielding the surface from the hazards of staining, corrosion, and abrasion if for instance the surface is made of glass, concrete, or marble or sand limestone than the other coatings.
Recent developments in the sustainable building technologies that include green building practices have registered considerable progress in the last decade. Thus, nanotechnology contributes to green buildings by improving functions such as energy saving, waterproofing, anti-corrosive features, and volatile organic compounds’ adsorption by means of nanocoatings. Nanofilms are provided to windows and glass by Saflex and 3M and act to dissipate heat and prevent excessive heat gain into structures.
Comprehensive Analysis of Nanocoatings Market
The nanocoatings market growth is also increasing exponentially because of the segmentation of its market. In fact, this market expansion offers a specific regional analysis based on the primary supply and demand forces, which affect the industry. These segmentations are methodically segregated by type analysis and by application analysis. By type analysis incudes antimicrobial, self-cleaning, anti-fingerprint, anti-corrosion, and others. By application analysis incudes building & construction, automotive, aerospace, electronics, marine, and others.
The North America region lead the nanocoatings market share by benefitting a market size of USD 5.96 billion in 2023 due to strongly influenced by government subsidies.
Top players in the market have their responsibility of chemicals & advanced materials industrial prospectus growth of the retailing industry and the markets. These players include, P2i Ltd, Nanovere Technologies LLC, Nanofilm Ltd., ACTnano, Nanophase Technologies Corporation, Tesla Nanocoatings Inc, Cleancorp these market players provide a level-playing competitive landscape.
In December 2023, NANOFILM Technologies International entered the European market with a $9.9 million partnership with German company AxynTeC Dunnschichttechnik, focusing on thin-film coating technologies.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 22.7% during 2024-2032
Unit Value (USD Billion) and Volume (Tons)
Segmentation By Type
- Anti-Microbial
- Self-Cleaning
- Anti-Fingerprint
- Anti-Corrosion
- Others
By Application
- Building & Construction
- Automotive
- Aerospace
- Electronics
- Marine
- Others
By Geography
- North America (By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Type, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Type, By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- Middle East & Africa (By Type, By Application, By Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa (By Application)
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