The global nanocoatings market was valued at US$ 4976.2 Mn in 2017 and is anticipated to expand at a CAGR of 20.8% from 2018 to 2026, according to a new report titled ‘Nanocoatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) The global nanocoatings market is primarily driven by the high growth of end-user industries.
Expansion of End-user Industries to Drive Market
Nanocoatings are employed in end-user industries such as construction, energy, aerospace, marine, electronics, food & packaging, health care, and marine to protect structures from corrosion. Growth in end-user industries is boosting the demand for nanocoatings owing to their superior performance. The residential and non-residential construction sector in the U.S. expanded significantly in 2017. This trend is likely to continue during the forecast period. The residential construction sector in the U.S. experienced year-on-year growth of 10.52% and 10.58% in 2016 and 2017, respectively. The non-residential construction sector in the country expanded at a CAGR of 7.71% from 2015 to 2016. Health care, commercial, and office buildings sectors also expanded at a rapid pace during the period. The housing market in the U.S. is estimated to expand at a rapid pace behind that in India, Myanmar, and Vietnam. New York, Houston, Los Angeles, and Chicago are projected to account for 20% of the construction output in the U.S. by 2026. The average price of a house in the country is likely to reach US$ 308,000 by 2030, an increase of 75%. India is projected to have the third largest construction industry in the world by 2026. The construction industry in the country is expected to expand rapidly till 2026. The U.K is anticipated to have the sixth largest construction industry in the world and the largest construction industry in Europe by 2026. It plans to build 3.3 million houses over the next 15 years to meet the needs of its growing population.
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Superior Properties Propel Demand
Nanocoatings are extensively employed across various industries, as these create a strong and permanent bond between two surfaces. These materials have high shear and tensile strength. They join substances of different geometrics, sizes, and compositions. Nanocoatings prevent corrosion when coated on metals. They do not produce any deformation in materials by eliminating the metal grinding process. Nanocoatings do not produce any mechanical aggression on the substrate and avoid damage to the structure of the material. They improve flexibility in product design and esthetics. Nanocoatings provide sealing and protection against corrosion.
Hazards to Environment and Health to Hamper Market
VOC emissions that take place during the usage of nanocoatings pose a threat to the environment. Several countries have set guidelines restricting the amount of VOCs emitted during the usage of nanocoatings in industries. Manufacturing operations are bound by rules and regulations with respect to evaluation, registration, storage, usage, handling, and transportation of certain substances and their emissions, effluents, and other wastes. Violation of such regulations is expected to lead to legal obligation in future business activities.
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These environmental regulations restrain the demand for nanocoatings in residential and non-residential construction. Violation of government regulations can result in heavy penalties and losses. Rapid industrialization and urbanization have increased air pollution. This affects the health of people across the globe. Several developing and developed countries are facing pressure from domestic and international regulatory bodies to formulate regulations to control VOC emission in order to reduce pollution.
High Degree of Competition among Market Players
High degree of competition exists among players operating in the global nanocoatings market. The market is dominated by large players and is moderately consolidated. These key players include Bio-Gate AG, Buhler PARTEC GmbH, Cima NanoTech Inc., Eikos Inc., Inframat Corporation, Integran Technologies Inc., Nanofilm Ltd., Nanogate AG, Nanophase Technologies Corporation, and Nanovere Technologies LLC.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the nanocoatings market include P2i Ltd., Nanovere Technologies LLC, Nanofilm Ltd., Nanogate AG, Nanophase Technologies Corporation, Integran Technologies Inc., Inframat Corporation, Eikos Inc., Cima NanoTech Inc., Buhler PARTEC GmbH, Bio-Gate AG.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Nanocoatings Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/nanocoatings-market/download-sampleMarket DynamicsNanocoating is a subject of growing interest nowadays.
There has been a rising shift due to enhanced functioning surfaces and the possibility of synthesizing surfaces with unique properties, such as anti- reflecting, ice repelling, self-cleaning, high hardness, toughness, wear resistance, and optical transparency, making them technologically lucrative for industrial applications.
Nanocoatings technology is continuing to impact industries were surface protection, and multi-functionality is becoming crucial.
They are also crucial for meeting increasingly stringent regulatory and environmental challenges in the traditional coatings.
Global Nanocoatings Market OverviewThe Global Nanocoatings Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.
The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.
Additionally, the report cites worldwide certainties and endorsements, along with a downstream and upstream evaluation of leading participants.The nanocoatings market is projected to grow at a rate of 18.4% in terms of value, from 2020 to reach USD 25.36 Billion by 2027.This report covers the recent COVID-19 incidence and its impact on Nanocoatings Market.
: https://www.reportsanddata.com/report-detail/nanocoatings-marketThe Nanocoatings market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.
Key companies in the market comprise Eikos Inc., Buhler PARTEC GmbH, Integran Technologies Inc., Bio-Gate AG, Nanofilm Ltd., Nanoveer Technologies LLC, Cima Nanotech Inc., P2i, Inframat Corporation, Nanophase Technologies Corporation, and Nanogate AG, among others.Competitive landscapeThe Nanocoatings Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share.
The vendors are gradually expanding their focus on product personalization by way of customer interaction.Nanocoatings Market segment by :Product Type Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)Anti-MicrobialAnti-Fouling & Easy-to-CleanSelf-CleaningAnti-FingerprintsOthersDistribution Channel Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)OnlineOfflineIndustry Vertical Outlook (Volume, Kilo Tons; 2017-2027, Revenue, USD Million; 2017-2027)HealthcareAutomotiveBuilding & ConstructionElectronicsMarineEnergyOthersRegional Nanocoatings Market (Regional Output, Demand & Forecast by Countries):- North America (United States, Canada, Mexico)South America (Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.To get a sample of this report, with 30 minutes free consultation, visit @ https://www.reportsanddata.com/sample-enquiry-form/2994Points Covered in The Report:A.
Industry Insights Global Nanocoatings Market was USD 1,495.0 million in 2012.
Nanocoatings find use in wide range of applications owing to their ability to exhibit excellent abrasion resistance, good transparency, and superior lubrication.
Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/nanocoatings-market Over the past few years, the U.S. EPA and European Commission have been framing numerous regulations aimed at restricting the VOC emissions in the manufacturing sector.
Self-cleaning product forms are projected to find applications in healthcare industry on account of providing a lotus-leaf effect which results in not allowing water retention on the surface.
Rising demand for medical device coatings for offering excellent dielectric properties, dry-film lubricity, and thermal stability is expected to have a positive impact on nanocoatingsmarket.
Furthermore, improving automobile production in the developed markets including U.S., Germany and UK owing to the increasing usage of four wheeler vehicles on a domestic level is expected to be a favorable factor.
