Nanocoatings Market To Reach US$ 33,242.0 Mn by 2026

The global nanocoatings market was valued at US$ 4976.2 Mn in 2017 and is anticipated to expand at a CAGR of 20.8% from 2018 to 2026, according to a new report titled 'Nanocoatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,' published by Transparency Market Research (TMR) The global nanocoatings market is primarily driven by the high growth of end-user industries.

View Complete Report @ https://www.transparencymarketresearch.com/nanocoatings-market.html

Expansion of End-user Industries to Drive Market

Nanocoatings are employed in end-user industries such as construction, energy, aerospace, marine, electronics, food & packaging, health care, and marine to protect structures from corrosion. Growth in end-user industries is boosting the demand for nanocoatings owing to their superior performance. The residential and non-residential construction sector in the U.S. expanded significantly in 2017. This trend is likely to continue during the forecast period. The residential construction sector in the U.S. experienced year-on-year growth of 10.52% and 10.58% in 2016 and 2017, respectively. The non-residential construction sector in the country expanded at a CAGR of 7.71% from 2015 to 2016. Health care, commercial, and office buildings sectors also expanded at a rapid pace during the period.

Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=275

The housing market in the U.S. is estimated to expand at a rapid pace behind that in India, Myanmar, and Vietnam. New York, Houston, Los Angeles, and Chicago are projected to account for 20% of the construction output in the U.S. by 2026. The average price of a house in the country is likely to reach US$ 308,000 by 2030, an increase of 75%. India is projected to have the third largest construction industry in the world by 2026. The construction industry in the country is expected to expand rapidly till 2026. The U.K is anticipated to have the sixth largest construction industry in the world and the largest construction industry in Europe by 2026. It plans to build 3.3 million houses over the next 15 years to meet the needs of its growing population.

Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=275

Superior Properties Propel Demand

Nanocoatings are extensively employed across various industries, as these create a strong and permanent bond between two surfaces. These materials have high shear and tensile strength. They join substances of different geometrics, sizes, and compositions. Nanocoatings prevent corrosion when coated on metals. They do not produce any deformation in materials by eliminating the metal grinding process. Nanocoatings do not produce any mechanical aggression on the substrate and avoid damage to the structure of the material. They improve flexibility in product design and esthetics. Nanocoatings provide sealing and protection against corrosion.

Buy Nanocoatings Market Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=275<ype=S

Hazards to Environment and Health to Hamper Market

VOC emissions that take place during the usage of nanocoatings pose a threat to the environment. Several countries have set guidelines restricting the amount of VOCs emitted during the usage of nanocoatings in industries. Manufacturing operations are bound by rules and regulations with respect to evaluation, registration, storage, usage, handling, and transportation of certain substances and their emissions, effluents, and other wastes. Violation of such regulations is expected to lead to legal obligation in future business activities.

These environmental regulations restrain the demand for nanocoatings in residential and non-residential construction. Violation of government regulations can result in heavy penalties and losses. Rapid industrialization and urbanization have increased air pollution. This affects the health of people across the globe. Several developing and developed countries are facing pressure from domestic and international regulatory bodies to formulate regulations to control VOC emission in order to reduce pollution.

High Degree of Competition among Market Players

High degree of competition exists among players operating in the global nanocoatings market. The market is dominated by large players and is moderately consolidated. These key players include Bio-Gate AG, Buhler PARTEC GmbH, Cima NanoTech Inc., Eikos Inc., Inframat Corporation, Integran Technologies Inc., Nanofilm Ltd., Nanogate AG, Nanophase Technologies Corporation, and Nanovere Technologies LLC.

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry @ https://www.prnewswire.com/news-releases/wall-putty-market-to-reach-a-valuation-of-us-6-5-bn-by-2027-emergence-of-new-players-to-toughen-the-competition-in-the-global-market-transparency-market-research-301012427.html

Visit Chemicals & Materials Case Study @ https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: corporate.cmfe@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.