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Tuesday Jun 02, 2015
Tuesday Jun 02, 2015
The global nanocoatings market revenue is expected to reach USD 8.17 billion by 2020, according to a new study by Grand View Research, Inc. Nanocoatings are being extensively used as a substitute to conventional polymer coatings in applications including automobile, building & construction and medical & healthcare. Nanocoatings demand is expected to increase due to superior properties and lesser VOC emissions as compared to other commercially used coatings in the market.
Medical & healthcare was the largest application market for nanocoatings, with demand estimated at 43.7 kilo tons in 2013 owing to increased use of anti-fingerprint and anti-microbial coatings for maintaining clean and hygienic environment in patient care facilities. The segment is also expected to be the fastest growing application, at an estimated CAGR of 22.7% from 2014 to 2020. Nanocoatings are used in automotive applications in order to retain color and gloss, with estimated demand of 39.8 kilo tons in 2013.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/nanocoatings-market
For More Information visit - http://www.grandviewresearch.com/
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