Growing demand from various applications such as automotive, biomedical, oil & gas, aerospace, and electronics is projected to drive the global market for nano paints & coatings. Also, increasing shift from polymer coatings to eco-friendly nano coatings is set to fuel the market growth over the coming years. The global nano paints & coatings market is likely to increase from USD 8.3 billion in 2019 to USD 28.9 billion by 2027, at a CAGR of 18.1% over the forecast period (2020-2027) according to QuantAlign Research.

Additionally, significant innovations in the field of functional coatings are anticipated to augment the market demand over the forecast period. These coatings are easier to apply along with being environment friendly than other substrates. Nano paints & coatings possess a considerable potential to replace many of today’s industrial paints & coatings. These 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.

Nano paints & coatings emit low VOCs, and are emerging as an effective alternative for certain metals used in the development of aircraft airplanes. Whereas, the use of nanoparticles biocides in paints is currently at a nascent stage, and an immense research must be conducted before these can be launched at a large scale. However, high cost of raw materials along with stringent regulatory requirements may impede the market growth.

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Global Nano Paints & Coatings Market Perspective, Demand Outlook, Trend Analysis, Intelligence & Industry Estimates To 2027 –  “https://quantalignresearch.com/global-nano-paints-coatings-market-report “

Key insights: 

• Nano-TiO2 (Titanium Dioxide) segment is expected to witness a significant CAGR during 2020 – 2027
• Graphene segment is likely to dominate the global market over the forecast period
• Aerospace segment is projected to hold a significant share of the market by 2027, while growing at a highest CAGR over the forecast period
• Asia-Pacific held the major share of the global market in 2019, while and is expected to witness  considerable CAGR over the next eight years.

Key players operating in the market include AkzoNobel; DuPont; Evonik Industries; BASF SE; Sherwin-Williams; Henkel Corporation; Nanovere Technologies, LLC; Yung Chi Paint & Varnish Mfg. Co., Ltd; & I-CanNano; among others.