The global nano paints and coatings market has been estimated at USD XX.XX billion in 2016 and is projected to reach USD XX.XX billion by 2021, at a CAGR of 6.95% during the forecast period.
Nano paints and coatings are produced from structures of carbon such as nano–tubes, nano-carbon, nano-fiber, and graphite structure which are densely packed with molecules that act as a penetrative and functional. Nano paint and coating possess qualities such as increased hardness, scratch-resistant, mold and bacteria resistant, thereby making it a durable and high performance coating.
In the nano paints and coatings market report, the following major end-user sectors were taken into consideration biomedical, food and packaging, aerospace, marine coatings, electronics and optics, automobile, oil and gas, and others. The biomedical segment accounted for more than XX.XX% share of the global nano paints and coatings market in 2015. Moreover, the market is also segmented based on the method used as follows namely electrospray and electrospinning, chemical vapor deposition(CVD), physical vapor deposition(PVD), atomic layer deposition(ALD), aerosol coating, self-assembly, and sol-gel.
Market Dynamics of the Global Nano Paints and Coatings Market:
The global nano paints and coatings market can be broadly segmented on the basis of application (anti-fingerprint, anti-microbial, anti-corrosion, abrasion and wear-resistant, barrier, anti-fouling, self-cleaning, UV-resistant, flame-retardant, anti-icing, anti-reflective, and others), on the basis of inherent polymer type (natural polymers and synthetic polymers) and on the basis of resin types(graphene, carbon nanotubes, nano-SiO2(silicon dioxide), nano silver, nano-TiO2(titanium dioxide), and nano-ZNO).
The market has also been geographically segmented into the Asia-Pacific, North America, Europe, South America, and MEA. In terms of consumption in 2015, North America led the market with a share of XX.XX%, followed by Europe and the APAC. The improvement in the financial status of the consumers has led to an increase in the purchasing power of the middle-class consumers, which in turn is accelerating the demand for automobiles and the healthcare industry in the Asia-Pacific region, in turn making the region an area of immense potential and opportunities. However, the dearth of stringent norms regarding VOC emission from paints, coatings, and adhesives in the developing country in this region has considerably hindered the Nano Paints and Coatings Market growth.
Furthermore, the recovering construction industry in the European region will offer numerous opportunities for the growth of the European nano paints and coatings market, in turn driving the global nano paints and coatings market. Some of the major companies dominating this market for its products, services, and continuous product developments are:
.Key Deliverables in the Study: