Nanocoatings Market Size To Reach $37.45 Billion By 2030

Nanocoatings Market Growth & Trends

The global nanocoatings market size is expected to reach USD 37.45 billion by 2030, registering a CAGR of 16.4% during the forecast period, according to a new report by Grand View Research, Inc. Rising inclination towards the use of advanced nanomaterials in automotive and medical industries has led to an increase in the usage of nanotechnology, in turn boosting the growth of nanocoatings market.

Nanocoatings are nanotechnology-based coatings possessing unique properties such as ductility, lubricity, hardness, abrasion resistance, and transparency, unlike conventional polymer coatings. The market is expected to be driven majorly because of a shift in demand for the product over conventional polymer coatings owing to their extraordinary properties and lower volatile organic compound emissions.

Rising consumer awareness about self-cleaning and anti-microbial coatings in aerospace and mechanical applications to enhance the life spans of functional parts will augment the growth of the product over the forecast period.

Nanocoatings are available in numerous forms exhibiting functionalities such as self-cleaning, anti-fingerprint, anti-fouling & easy-to-clean and anti-microbial. Anti-fingerprint coatings are anticipated to witness significant gains with an estimated CAGR of 16.9% from 2024 to 2030, due to their extensive use in electronics and automotive applications.

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Nanocoatings Market Report Highlights

• In 2023, the anti-microbial product segment dominated the global nano-coatings market. They are majorly used in the food manufacturing, water treatment, building & construction, packaging, and medical & healthcare sectors to avoid the spread of harmful microbes.

• By product, the anti-fingerprint product segment is expected to register the fastest CAGR of 16.9% over the forecast period.

• In 2023, North America nano-coatings market dominated the global market with a revenue share of 40.1%. The market is likely to witness growth owing to the growing requirement for the product in healthcare applications. Technological advancements have led to better healthcare amenities and increasing demand in the automotive sector in the U.S. have given a boost to the market.

Nanocoatings Market Segmentation

Grand View Research has segmented the global nanocoatings market based on product, application, and region:

Nanocoatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Anti-fingerprint

• Anti-microbial

• Anti-fouling & Easy-to-clean

• Self-cleaning

• Others

Nanocoatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Medical & Healthcare

• Food Manufacturing

• Packaging

• Marine

• Water Treatment

• Electronics

• Buildings & Construction

• Automotive

• Energy

• Others

Nanocoatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030) 

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • Italy

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • UAE

  • Saudi Arabia

List of Key Players in the Nanocoatings Market

• Tesla NanoCoatings, Inc.

• Nanovere Technologies, LLC.

• P2i Ltd.

• PPG Industries, Inc.

• Nano Gate

• Nanophase Technologies Corporation.

• actnano.

• Forge Nano Inc.

• Nanofilm.