Nanocoatings Market Size

Nanocoatings Market size was valued at USD 12.9 billion in 2023 and is estimated to reach USD 73.8 billion by the end of 2036, witnessing over 15.6% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of nanocoatings is assessed at USD 14.9 billion. 

The growth of the global market can be attributed to the rapidly expanding building and construction sector and high demand for advanced coating materials in construction. Over the years, construction activities across the globe have drastically increased as a result of rising pollution and urbanization. Nanocoatings is widely used in construction activities as it provides excellent protection against extreme environmental factors such as moisture, pollutants, and UV radiation, thereby extending the lifespan of building materials.

Moreover, they can improve the overall appearance of surfaces, providing a smoother and glossy finish, compared to conventional coatings used in the construction sector. Different types of coatings such as self-cleaning, anti-graffiti, thermal insulators, and anti-bacterial coatings are widely used in modern constructions.

Leading companies are coming up with novel techniques and products, further fueling the market growth. For instance, in July 2023, HeatCure announced its operations in India with the launch of nanotechnology-based glass coating products that block heat gain from glass doors, facades, and windows and also protect against infrared and ultraviolet rays.