BIS Research - Emerging Technology Market Intelligence

Nanocoatings Gaining Popularity in Construction Market Globally

Mar 14, 2018 6:17:06 AM / by BIS Research posted in Nanocoatings Market, Advanced Materials & Chemicals, Global Nanocoatings Market, Global Nanocoatings Market Growth Rate, Global Nanocoatings Market Research

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With the rising concern for environment across the globe, the paint and coatings industry is also coming up with green solutions such as nanocoatings. These coatings are biodegradable, eco-friendly and are more efficient as compared to the conventional coatings, which contain harmful chemicals such as toxic hexavalent chromium. According to the market intelligence report by BIS Research titled, ‘Global Nanocoatings Market-Analysis and Forecast (2017-2026)’, the revenue generated by the market was $3.6 billion in 2016 and is expected to grow at a CAGR of 23% during the forecast period. This significant growth is attributed to the increasing demand in the various end-user industries, industrialization in the Asia-Pacific, and switch from conventional coatings to eco-friendly nanocoatings.

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