Asia-Pacific nanocoatings market is projected to grow and is the fastest-growing market. The global nanocoatings market is projected to expand from $4.9 billion Million in 2016 to $29.9 billion Million by 2025, growing at a CAGR of 25.2% during the forecast period. A growth in government support, technological advancements, increasing application in health care and investments in R&D activity are driving the nanocoatings market.
The nanocoatings market is segmented into application, product, and geography. The nanocoatings market on the basis of the application is segmented into automotive, electronics, medical & healthcare, building & construction, food and packaging, Marine, and other applications. On the basis of product, the nanocoatings market is segmented into anti-microbial nanocoatings, anti-finger print nanocoatings, self-cleaning nanocoating, easy-to-cleaning and anti-fouling nano coating and others. The nanocoatings market on the basis of geography, Asia-Pacific nanocoatings market is segmented into China, India, Japan, South Korea and Rest of Asia-Pacific.
A rise in the growth of nanotechnology industry has led to increasing adoption of nanocoatings in the global nanocoatings market. With the rising demand from the automotive and medical industry, the nanocoatings market is propelled for advancements on a global scale. An increase in demand leading to growth in coating industry with the polymer coating on a steady growth and the technological advancements are some of the dominant drivers for the growth of nanocoatings market.