Nanocoatings Market is expected to expand to US$20.8 billion by 2027

 Global Nanocoatings Market to Reach $20.8 Billion by 2027

Despite the COVID-19 dilemma, the global Nanocoatings market , which was anticipated to be worth US$5.7 billion in 2020, is expected to expand to US$20.8 billion by 2027, with a CAGR of 20.3 percent throughout the analysis period. Anti-Microbial, one of the report's sectors, is expected to grow at an annual rate of 18.9% and reach US$6.3 billion by the conclusion of the analysis period. After an early assessment of the pandemic's commercial ramifications and the resulting economic crisis, the Anti-Fingerprint segment's growth is updated to a revised 23.5 percent CAGR over the next seven years.



The U.S. market is estimated at $1.7 Billion, While China is Forecast to Grow at 20% CAGR

In the United States, the Nanocoatings market is expected to be worth $1.7 billion by 2020. China, the world's second largest economy, is expected to reach a projected market size of US$3.7 billion by 2027, representing a 20 percent CAGR from 2020 to 2027. Japan and Canada are two more important geographic markets, with forecasted growth rates of 17.9% and 17.4%, respectively, over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.

Anti-Fouling Segment to Record 20.6% CAGR

The United States, Canada, Japan, China, and Europe are expected to fuel the global Anti-Fouling segment's 20.5 percent CAGR. By the end of the analysis period, these regional markets, which had a combined market value of US$919.9 million in 2020, will have grown to US$3.4 billion. In this group of regional markets, China will continue to be one of the fastest expanding of regional markets. The Asia-Pacific market is expected to reach US$2.5 billion by 2027, led by countries like Australia, India, and South Korea.

LAMEA Review

In the LAMEA area, the Brazilian nanocoatings market earned the most revenue. In Latin America, Brazil and Argentina combined accounted for nearly 51% of nanocoating usage. The market in Latin America is fueled by a plentiful supply of raw materials, the development of ports to facilitate transportation, an increase in the number of educated people, and the availability of cutting-edge manufacturing technology. Investment in the automotive and aerospace industries has also increased in the region.

Buhler AG, Nanogate AG, Nanophase Technologies Corporation, Bio-Gate AG, Admat Innovations, Surfix BV, Nanomech Inc., EIKOS Inc., CIMA Nanotech, and Duraseal Coatings Company LLC are among the key competitors covered in the nanocoatings market study.

Tesla Nanocoatings Inc., Inframat Corporation, Nanovere Technologies LLC, P2i Ltd., ACTnano, Nanofilm Ltd., and Integran Technologies Inc. are other significant participants in the nanocoatings value chain.

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