The global nanocoatings market size is expected to showcase considerable growth by reaching USD 39,869.2 million by 2028 while exhibiting a CAGR of 22.7% between 2021 and 2028.
We have segregated the global market on the basis of type, application, and region. On the basis of type, the market is segmented into antimicrobial, self-cleaning, anti-fingerprint, anti-corrosion, and others. Based on application, the market is categorized into building construction, automotive, aerospace, electronics, marine, and others. Lastly, based on region, the market is bifurcated into Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe.
Increasing Demand from Automotive Sector to Favor Growth
Nanocoatings are a vital part of the automotive industry. These coatings aid in significant reduction of wear and friction to increase the shelf life of the material. They further help to reduce the dissipation of energy such as heat that leads to the improvement in the overall efficiency of the automotive.