Impact Assessment of COVID-19 Outbreak on Nanocoatings Market
Nanocoatings involve coating surfaces with a layer of protective material, generally of <100nm, on a substrate to improve the latter’s physical properties or add new functional properties. Nano-coated materials exhibit features such as toughness, wear resistance, optical transparency, and high hardness. This makes it suitable for use in a number of end-use industries such as electronics, automotive and healthcare.
Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=275
As per Transparency Market Research, from 2018 to 2026, stellar compound annual growth rate would be noted in the global nanocoatings market. This will be mainly a result of high growth in a number of these industries. The growth rate would manifest itself in outcomes such as high market worth and increase in number of opportunities available to players. Proactive players in the market will leave no stone unturned to tap into emerging growth opportunities.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=275
Factors that would mark the market landscape, keeping it buoyant over the forecast period are:
Construction volumes in general and residential construction volumes in particular are increasing and this is set to drive the global nanocoatings market on an upward growth trajectory. By 2030, studies reveal that about 85% increase will be noted in these volumes. And, it is quite interesting to note here that India, China, and the United States of America would be at the forefront of this growth, accounting for about 57% of increase.
Population growth is another notable growth propeller in the global nanocoatings market. The global population will reach the 2 billion higher mark of 9.7 billion from current level by 2050. These will demand for additional houses, commercial spaces, and recreational centers. Besides, demand for automotives and consumer electronics will also take an upward demand curve. This will lead to a notable growth in the global nanocoatings market, particularly over the forecast period states above.
Explore Transparency Market Research’s award-winning coverage of the global (chemical) Industry:
Nanocoating is the process of depositing a thin layer of coating material, generally of <100nm, on a substrate to improve the latter’s properties or add new functional properties. Nano-coated materials exhibit features such as toughness, wear resistance, optical transparency, and high hardness. Nanostructured coatings provide various key advantages such as protection from ice, pollutants, UV rays, fire, heat, bacteria, marine life, and corrosion. These performance benefits offered by nanocoatings compared to other coating systems are anticipated to boost the nanocoatings market.
Nanocoatings cater to a wide range of end-user industries such as health care, automotive, aerospace, energy, marine, and food & packaging. Expansion in end-user industries is expected to propel the market in the near future. However, emission of VOCs during the use of nanocoatings is anticipated to hamper the market. Volatility in prices of raw materials is also estimated to negatively impact the nanocoatings market. Nevertheless, technological advancements and significant investments in end-user industries in emerging economies offer lucrative opportunities to the nanocoatings market.
About AS :
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.