Nanocoatings Market Share

North America Market Statistics

North American nanocoatings market is expected to account for the largest revenue share of 33.5% between 2024 and 2036 owing to rapid technological advancements in nanotechnology and nanocoatings. Manufacturers are investing in advanced technologies as there has been a surging demand for advanced materials across the automotive, consumer electronics, construction, and healthcare sectors. Moreover, stringent regulatory norms on volatile organic compounds and rising focus on sustainability are other factors expected to boost North America market growth going ahead.

The U.S. market is expected to register a rapid revenue CAGR throughout the forecast period owing to rising demand for high-performance coating materials with corrosion resistance, self-cleaning, and anti-fouling properties across several sectors and increasing investments to develop these products.  For instance, HZO, one of the leading developers of protective nano-coatings for electronics announced the launch of HZO PRO800-PL in January 2020. The new portfolio provides waterproofing protection for electronic devices and features the largest coating chamber in the sector, that applies nanocoatings materials with enhanced speed, precision, and accuracy.

Asia Pacific Market

Asia Pacific nanocoatings market is projected to register a rapid revenue growth during the forecast period owing to rapid economic growth and rising industrial activities in countries including India, China, Japan, Indonesia, and South Korea. As per the reports, the economic growth in APAC increased from 3.3% in 2022 to 4.5% in 2023. Other factors such as increasing awareness about the benefits of nanocoatings over conventional coatings, rising investments in R&D activities, and high focus on reducing environmental impact and complying with VOC emission regulations are expected to further drive the market in this region.

China is one of the fastest-growing markets for nanocoatingss in APAC. The market is significantly expanding due to China’s extensive industrial base and ongoing research and development projects on advancing nanotechnology and nanocoatings. One of the latest inventions in China was by Chinachem and Nano and Advanced Material Institute. In July 2024, they jointly launched a protective window coating made with cutting-edge technology to cut construction waste. The product is expected to cut the loss of upto 30 percent of windows.