The global nano paints & coatings market stood at USD 8.3 billion in 2019, and is likely to be valued at USD 28.9 billion by 2027, at a CAGR of 18.1% over the forecast period. The growth can be primarily attributed to the rising demand for nano paints & coatings across the globe along with shifting focus towards other environment-friendly products instead of polymer coatings. Moreover, growing investment in research & development activities is set to further boost the market demand. However, high cost of raw materials, and presence of various regulatory requirements is likely to hinder the market growth over the coming years.
Nano paints & coatings may be defined as the molecular modification in the product manufacturing process that makes the surface hydrophobic and easy to clean. These coatings may be in liquid or solid form and are primarily used to modify the properties of a substance or surface. They help protect the surfaces from molds, bacteria, scratch, and abrasion.
The nano coating technology was developed back in the mid-1970s, where it was used by pottery makers, in the form of a metallic glaze in order to create a shimmering luster. Today, nanotech coatings are indentified as polymers that are used in all types of products owing to their excellent durability. Key properties such as anti-microbialism, thermal insulation, corrosion resistance, flame retardancy, and dirt & water repellency, make nano paints and coatings suitable for a broad variety of applications.
The report provides detailed market outlook, and forecast the “Global Nano Paints & Coatings” market based on resin type, method, end-use and region.
Segment overview
On the basis of resin type, the graphene segment is expected to hold the major share of the market over the forecast period. Graphene coatings are conductive, chemically resistant as well as hydrophobic due to which they are highly used in ship hulls, glass surfaces and pot liners. Moreover, these coatings are used across various automotive and aerospace applications including unmanned aircrafts, satellites, and spacecrafts. However, nano-TiO2 (Titanium Dioxide) segment is projected to grow at a significant CAGR during 2020-2027 owing to its self-cleaning property that is extremely useful in indoor paint applications.
On the basis of application, the aerospace segment is expected to account for a significant share of the global market over the coming years. These coatings protect the structure and surface of the aircraft from high pressure and adverse environments and are also useful in the reduction of drag, saving fuel, and preventing thermal shocks. Also, the market has witnessed considerable demand from the aerospace industry due to reduced carbon footprint, protection against corrosion, low maintenance costs, and reduced ice accretion. Moreover, nano paints & coatings are widely applied in other key industries such as warships, marine, automotive, electronics, oil & gas, and biomedical, among others owing to their superior properties.
On the basis of region, Asia-Pacific dominated the global market for nano paints & coatings in 2019, and is expected to ascend at the fastest CAGR over the forecast period. The growth can be primarily attributed to the increasing investments in research & development along with considerable growth in technology. Furthermore, burgeoning electronics industry in the key markets of China, Japan and South Korea is likely to fuel the market growth over the next few years.
| Research Attribute | Coverage |
|---|---|
| Years Considered | 2017-2027 |
| Historical Years | 2017 & 2018 |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Units Considered | USD Million & Kilo Tons |
| Segmentation By Resin Type |
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| Segmentation by Method |
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| Segmentation By Application |
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| Regions Covered |
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| Key Company Profiles | AkzoNobel, DuPont, Evonik Industries, BASF SE, Sherwin-Williams, Henkel Corporation, Nanovere Technologies, LLC, Yung Chi Paint & Varnish Mfg. Co., Ltd, & I-CanNano, among others. |
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Objectives of the report
1.3. Research scope & assumptions
1.4. List of data sources
CHAPTER 2. Executive Summary
2.1. Nano paints & coatings market – Key industry insights
CHAPTER 3. Market Outlook
3.1. Market definition
3.2. Market segmentation
3.3. Value chain analysis
3.3.1. Raw material trends
3.4. Technological overview
3.5. Regulatory framework
3.6. Nano Paints & Coatings Market : developed v/s developing countries
3.7. Market opportunities & trends
3.7.1. Innovations in functional coatings
3.7.2. Increasing investments in research & development activities
3.7.3. Significant demand from aerospace industry
3.8. Market dynamics
3.8.1. Market driver analysis
3.8.1.1. Growing demand across a wide range of industries
3.8.1.2. Shifting focus towards eco-friendly products
3.8.1.3. Impact analysis
3.8.2. Market restraint analysis
3.8.2.1. High cost of raw materials
3.8.2.2. Stringent regulatory requirements
3.8.2.3. Impact analysis
3.9. Industry analysis – Porter’s
3.9.1. Bargaining power of suppliers
3.9.2. Bargaining power of buyers
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Competitive rivalry
3.10. PESTEL analysis
CHAPTER 4. Competitive Outlook
4.1. Competitive framework
4.2. Company market share analysis
4.3. Strategic layout
CHAPTER 5. COVID-19 Implications
5.1. Global industry impact of COVID-19 pandemic
5.1.1. Impact analysis by end-use
5.1.2. Analyst recommendations
CHAPTER 6. Global Nano Paints & Coatings Market Size and Forecast (2017 - 2027)
6.1. Global Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
6.1.1. Carbon Nanotubes
6.1.2. Graphene
6.1.3. Nano-SiO2 (Silicon Dioxide)
6.1.4. Nano-TiO2 (Titanium Dioxide)
6.1.5. Nano Silver
6.1.6. Nano-ZNO
6.2. Global Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
6.2.1. Physical Vapor Deposition (PVD)
6.2.2. Chemical Vapor Deposition (CVD)
6.2.3. Electrospray and Electrospinning
6.2.4. Atomic Layer Deposition (ALD)
6.2.5. Aerosol Coating
6.2.6. Sol-gel
6.2.7. Self-Assembly
6.3. Global Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
6.3.1. Oil & gas
6.3.2. Biomedical
6.3.3. Aerospace
6.3.4. Automotive
6.3.5. Marine
6.3.6. Packaging
6.3.7. Electronics and Optics
6.3.8. Others
6.4. Global Nano Paints & Coatings Market, By Region (USD Billion) (Kilo Tons)
6.4.1. North America
6.4.2. Europe
6.4.3. Asia-Pacific
6.4.4. Central & South America (CSA)
6.4.5. Middle East & Africa (MEA)
CHAPTER 7. Global Nano Paints & Coatings Market Size and Forecast, By Region (2017 - 2027)
7.1. North America Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.1.1. North America Nano Paints & Coatings Market, By Country (USD Billion) (Kilo Tons)
7.1.2. North America Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.1.3. North America Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.1.4. North America Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.1.5. The U.S. Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.1.5.1. The U.S. Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.1.5.2. The U.S. Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.1.5.3. The U.S. Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.1.6. Canada Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.1.6.1. Canada Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.1.6.2. Canada Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.1.6.3. Canada Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.1.7. Mexico Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.1.7.1. Mexico Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.1.7.2. Mexico Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.1.7.3. Mexico Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.2. Europe Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.2.1. Europe Nano Paints & Coatings Market, By Country (USD Billion) (Kilo Tons)
7.2.2. Europe Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.2.3. Europe Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.2.4. Europe Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.2.5. Germany Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.2.5.1. Germany Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.2.5.2. Germany Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.2.5.3. Germany Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.2.6. The U.K Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.2.6.1. The U.K Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.2.6.2. The U.K Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.2.6.3. The U.K Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.2.7. France Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.2.7.1. France Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.2.7.2. France Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.2.7.3. France Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.2.8. Italy Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.2.8.1. Italy Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.2.8.2. Italy Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.2.8.3. Italy Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.2.9. Spain Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.2.9.1. Spain Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.2.9.2. Spain Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.2.9.3. Spain Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.2.10. Russia Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.2.10.1. Russia Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.2.10.2. Russia Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.2.10.3. Russia Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.3. Asia-Pacific Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.3.1. Asia-Pacific Nano Paints & Coatings Market, By Country (USD Billion) (Kilo Tons)
7.3.2. Asia-Pacific Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.3.3. Asia-Pacific Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.3.4. Asia-Pacific Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.3.5. China Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.3.5.1. China Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.3.5.2. China Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.3.5.3. China Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.3.6. Japan Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.3.6.1. Japan Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.3.6.2. Japan Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.3.6.3. Japan Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.3.7. India Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.3.7.1. India Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.3.7.2. India Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.3.7.3. India Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.3.8. South Korea Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.3.8.1. South Korea Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.3.8.2. South Korea Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.3.8.3. South Korea Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.3.9. Australia Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.3.9.1. Australia Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.3.9.2. Australia Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.3.9.3. Australia Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.4. Central & South America (CSA) Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.4.1. Central & South America (CSA) Nano Paints & Coatings Market, By Country (USD Billion) (Kilo Tons)
7.4.2. Central & South America (CSA) Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.4.3. Central & South America (CSA) Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.4.4. Central & South America (CSA) Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.4.5. Brazil Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.4.5.1. Brazil Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.4.5.2. Brazil Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.4.5.3. Brazil Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.4.6. Argentina Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.4.6.1. Argentina Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.4.6.2. Argentina Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.4.6.3. Argentina Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.5. Middle East & Africa (MEA) Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.5.1. Middle East & Africa (MEA) Nano Paints & Coatings Market, By Country (USD Billion) (Kilo Tons)
7.5.2. Middle East & Africa (MEA) Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.5.3. Middle East & Africa (MEA) Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.5.4. Middle East & Africa (MEA) Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.5.5. UAE Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.5.5.1. UAE Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.5.5.2. UAE Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.5.5.3. UAE Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.5.6. Saudi Arabia Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.5.6.1. Saudi Arabia Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.5.6.2. Saudi Arabia Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.5.6.3. Saudi Arabia Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
7.5.7. South Africa Nano Paints & Coatings Market (USD Billion) (Kilo Tons)
7.5.7.1. South Africa Nano Paints & Coatings Market, By Resin Type (USD Billion) (Kilo Tons)
7.5.7.2. South Africa Nano Paints & Coatings Market, By Method (USD Billion) (Kilo Tons)
7.5.7.3. South Africa Nano Paints & Coatings Market, By End-Use (USD Billion) (Kilo Tons)
CHAPTER 8. Key Players and Strategic Developments
8.1. AkzoNobel
8.1.1. Business Overview
8.1.2. Product and Service Offering
8.1.3. Financial Overview
8.1.4. Strategic Developments
8.2. DuPont
8.2.1. Business Overview
8.2.2. Product and Service Offering
8.2.3. Financial Overview
8.2.4. Strategic Developments
8.3. Evonik Industries
8.3.1. Business Overview
8.3.2. Product and Service Offering
8.3.3. Financial Overview
8.3.4. Strategic Developments
8.4. BASF SE
8.4.1. Business Overview
8.4.2. Product and Service Offering
8.4.3. Financial Overview
8.4.4. Strategic Developments
8.5. Sherwin-Williams
8.5.1. Business Overview
8.5.2. Product and Service Offering
8.5.3. Financial Overview
8.5.4. Strategic Developments
8.6. Henkel Corporation
8.6.1. Business Overview
8.6.2. Product and Service Offering
8.6.3. Financial Overview
8.6.4. Strategic Developments
8.7. Nanovere Technologies, LLC
8.7.1. Business Overview
8.7.2. Product and Service Offering
8.7.3. Financial Overview
8.7.4. Strategic Developments
8.8. Yung Chi Paint & Varnish Mfg. Co., Ltd.
8.8.1. Business Overview
8.8.2. Product and Service Offering
8.8.3. Financial Overview
8.8.4. Strategic Developments
8.9. I-CanNano
8.9.1. Business Overview
8.9.2. Product and Service Offering
8.9.3. Financial Overview
8.9.4. Strategic Developments
8.10. PPG Industries
8.10.1. Business Overview
8.10.2. Product and Service Offering
8.10.3. Financial Overview
8.10.4. Strategic Developments
8.11. NanoShine Ltd
8.11.1. Business Overview
8.11.2. Product and Service Offering
8.11.3. Financial Overview
8.11.4. Strategic Developments
8.12. Guard NanoTech Coatings Ltd
8.12.1. Business Overview
8.12.2. Product and Service Offering
8.12.3. Financial Overview
8.12.4. Strategic Developments
