The global nano paints & coatings market stood at USD 7.0 billion in 2018, and is expected to reach USD 23.5 billion by 2025, while growing at a CAGR of 19.1% over the forecast period. The growth can be primarily attributed to the increasing demand for nano paints & coatings across a wide range of applications. Also, the growing focus towards eco-friendly products across the globe is expected to fuel the market growth.
Nano paints & coatings refer to the molecular modification in the product manufacturing process that makes the surface hydrophobic and easy to clean. These coatings are primarily used to modify the properties of a substance or surface. Nano paints & coatings may be in liquid or solid form, and help protect the surface from molds and bacteria.
While nano coating technology has been around since the mid-1970s, it was used by pottery makers back in the 9th century in the form of a metallic glaze in order to create a shimmering luster. Today, nanotech coatings are indentified as polymers, and are used in all types of products owing to their excellent durability. However, high raw material costs coupled with stringent regulations are anticipated to hinder the market growth over the coming years.
Moreover, growing technological advancements in the military and defense sector have increased the application of nanotechnology based paints & coatings. Nano paints & coatings are designed to enable smooth, glass-like surfaces to have lesser contact with dirt particles as they are elastomeric and anti-sticking in nature. These coatings emit low VOC and are emerging as an effective alternative for certain metals used in the development of aircraft airplanes.
Aerospace industry is set to offer significant opportunities during the forecast period
Nano paints & coatings offer protection from wear, scratch, heat, corrosion, UV rays and other damaging elements, which make them highly durable and improve their performance. Resultantly, these paints & coatings are widely applied in key industries such as warships, aerospace, marine, automotive, electronics, oil & gas, and biomedical, among others. The aerospace segment is likely to grow at a significant CAGR over the next seven years as nano paints & coatings protect the structure and surface of the aircraft from high pressure and adverse environments. These coatings are highly useful in the reduction of drag, saving fuel, and preventing thermal shocks.
Nano paints & coatings market – Regional insight
Asia-Pacific is expected to emerge as the fastest growing region over the next seven years. The aforementioned growth can be primarily attributed to the increasing investments in research & development along with considerable growth in technology. Further, growing electronics industry in the key markets of China, South Korea, and Japan is projected to propel the market growth over the forecast period.
RESEARCH METHODOLOGY
The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
The years used for the assessment are as follows;
OBJECTIVES:
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Research scope & assumptions
1.3. List of data sources
CHAPTER 2. Executive Summary
2.1. Nano Paints & Coatings – Market snapshot
CHAPTER 3. Industry Analysis
3.1. Market definition
3.2. Market segmentation
3.3. Key findings of the global nano paints & coatings market
3.4. Value chain analysis
3.5. Market opportunities & trends
3.5.1. Increasing demand from aerospace industry
3.5.2. Significant innovations in functional coatings
3.5.3. Growing investments in research & development activities
3.6. Market dynamics
3.6.1. Market driver analysis
3.6.1.1. Growing focus towards eco-friendly products
3.6.1.2. Increasing demand across a wide range of industries
3.6.2. Market restraint analysis
3.6.2.1. High raw material costs
3.6.2.2. Stringent regulations
CHAPTER 4. Competitive Outlook
4.1. Porter’s Five Forces Analysis
4.2. Company Market Share Analysis
4.2.1. Competitive Factors
CHAPTER 5. Global Nano Paints & Coatings Market Size and Forecast (2015 – 2025)
5.1. Global Nano Paints & Coatings Market, By Resin Type (USD Million) (Kilo Tons)
5.1.1. Graphene
5.1.2. Carbon Nanotubes
5.1.3. Nano-SiO2 (Silicon Dioxide)
5.1.4. Nano Silver
5.1.5. Nano-TiO2 (Titanium Dioxide)
5.1.6. Nano-ZNO
5.2. Global Nano Paints & Coatings Market, By Method (USD Million) (Kilo Tons)
5.2.1. Electrospray and Electrospinning
5.2.2. Physical Vapor Deposition (PVD)
5.2.3. Chemical Vapor Deposition (CVD)
5.2.4. Atomic Layer Deposition (ALD)
5.2.5. Aerosol Coating
5.2.6. Self-Assembly
5.2.7. Sol-gel
5.3. Global Nano Paints & Coatings Market, By End-Use (USD Million) (Kilo Tons)
5.3.1. Aerospace
5.3.2. Marine
5.3.3. Oil & gas
5.3.4. Biomedical
5.3.5. Packaging
5.3.6. Automotive
5.3.7. Electronics and Optics
5.3.8. Others
CHAPTER 6. Global Nano Paints & Coatings Market Size and Forecast, By Region (2015 – 2025)
6.1. North America Nano Paints & Coatings Market (USD Million) (Kilo Tons)
6.1.1. North America Nano Paints & Coatings Market, By Resin Type (USD Million) (Kilo Tons)
6.1.2. North America Nano Paints & Coatings Market, By Method (USD Million) (Kilo Tons)
6.1.3. North America Nano Paints & Coatings Market, By End-Use (USD Million) (Kilo Tons)
6.1.4. North America Nano Paints & Coatings Market, By Country (USD Million) (Kilo Tons)
6.1.4.1. The U.S.
6.1.4.2. Canada
6.1.4.3. Mexico
6.2. Europe Nano Paints & Coatings Market (USD Million) (Kilo Tons)
6.2.1. Europe Nano Paints & Coatings Market, By Resin Type (USD Million) (Kilo Tons)
6.2.2. Europe Nano Paints & Coatings Market, By Method (USD Million) (Kilo Tons)
6.2.3. Europe Nano Paints & Coatings Market, By End-Use (USD Million) (Kilo Tons)
6.2.4. Europe Nano Paints & Coatings Market, By Country (USD Million) (Kilo Tons)
6.2.4.1. Germany
6.2.4.2. U.K
6.2.4.3. France
6.2.4.4. Spain
6.2.4.5. Italy
6.2.4.6. Russia
6.2.4.7. Rest of Europe
6.3. Asia-Pacific Nano Paints & Coatings Market (USD Million) (Kilo Tons)
6.3.1. Asia-Pacific Nano Paints & Coatings Market, By Resin Type (USD Million) (Kilo Tons)
6.3.2. Asia-Pacific Nano Paints & Coatings Market, By Method (USD Million) (Kilo Tons)
6.3.3. Asia-Pacific Nano Paints & Coatings Market, By End-Use (USD Million) (Kilo Tons)
6.3.4. Asia-Pacific Nano Paints & Coatings Market, By Country (USD Million) (Kilo Tons)
6.3.4.1. China
6.3.4.2. Japan
6.3.4.3. India
6.3.4.4. Australia
6.3.4.5. South Korea
6.3.4.6. Rest of Asia-Pacific
6.4. Central & South America (CSA) Nano Paints & Coatings Market (USD Million) (Kilo Tons)
6.4.1. Central & South America (CSA) Nano Paints & Coatings Market, By Resin Type (USD Million) (Kilo Tons)
6.4.2. Central & South America (CSA) Nano Paints & Coatings Market, By Method (USD Million) (Kilo Tons)
6.4.3. Central & South America (CSA) Nano Paints & Coatings Market, By End-Use (USD Million) (Kilo Tons)
6.4.4. Central & South America (CSA) Nano Paints & Coatings Market, By Country (USD Million) (Kilo Tons)
6.4.4.1. Brazil
6.4.4.2. Argentina
6.4.4.3. Rest of Central & South America (CSA)
6.5. Middle East & Africa (MEA) Nano Paints & Coatings Market (USD Million) (Kilo Tons)
6.5.1. Middle East & Africa (MEA) Nano Paints & Coatings Market, By Resin Type (USD Million) (Kilo Tons)
6.5.2. Middle East & Africa (MEA) Nano Paints & Coatings Market, By Method (USD Million) (Kilo Tons)
6.5.3. Middle East & Africa (MEA) Nano Paints & Coatings Market, By Application (USD Million) (Kilo Tons)
6.5.4. Middle East & Africa (MEA) Nano Paints & Coatings Market, By Country (USD Million) (Kilo Tons)
6.5.4.1. UAE
6.5.4.2. Saudi Arabia
6.5.4.3. South Africa
6.5.4.4. Rest of Middle East & Africa (MEA)
CHAPTER 7. Key Players and Strategic Developments
7.1. BASF SE
7.1.1. Business Overview
7.1.2. Product and Service Offering
7.1.3. Financial Overview
7.1.4. Strategic Developments
7.2. AkzoNobel
7.2.1. Business Overview
7.2.2. Product and Service Offering
7.2.3. Financial Overview
7.2.4. Strategic Developments
7.3. Henkel Corporation
7.3.1. Business Overview
7.3.2. Product and Service Offering
7.3.3. Financial Overview
7.3.4. Strategic Developments
7.4. Nanovere Technologies, LLC
7.4.1. Business Overview
7.4.2. Product and Service Offering
7.4.3. Financial Overview
7.4.4. Strategic Developments
7.5. DuPont
7.5.1. Business Overview
7.5.2. Product and Service Offering
7.5.3. Financial Overview
7.5.4. Strategic Developments
7.6. I-CanNano
7.6.1. Business Overview
7.6.2. Product and Service Offering
7.6.3. Financial Overview
7.6.4. Strategic Developments
7.7. Evonik Industries
7.7.1. Business Overview
7.7.2. Product and Service Offering
7.7.3. Financial Overview
7.7.4. Strategic Developments
7.8. Sherwin-Williams
7.8.1. Business Overview
7.8.2. Product and Service Offering
7.8.3. Financial Overview
7.8.4. Strategic Developments
7.9. NanoShine Ltd
7.9.1. Business Overview
7.9.2. Product and Service Offering
7.9.3. Financial Overview
7.9.4. Strategic Developments
7.10. Yung Chi Paint & Varnish Mfg. Co., Ltd.
7.10.1. Business Overview
7.10.2. Product and Service Offering
7.10.3. Financial Overview
7.10.4. Strategic Developments
7.11. Guard NanoTech Coatings Ltd
7.11.1. Business Overview
7.11.2. Product and Service Offering
7.11.3. Financial Overview
7.11.4. Strategic Developments
7.12. PPG Industries
7.12.1. Business Overview
7.12.2. Product and Service Offering
7.12.3. Financial Overview
7.12.4. Strategic Developments