Construction Nanocoating Market Size (2024 – 2030)

The Construction Nanocoating Market was approximately valued at USD 14.18 billion in 2023 and is projected to hit a market size of USD 47.08 billion by the end of 2030. Over the forecast period of 2024-2030, the market is estimated to grow at a CAGR of 18.7%. 

Nanocoating is used as the protective layer on the surface against dirt, corrosion, dust, and damage which happens as a result of the external environment. The external elements such as moisture, friction, bacteria, water, and heat radiations have a direct effect on the surface which can be secured with the help of nano coatings that offer a very thin layer that holds up all the external impressions falling on the surface. This thin layer of Nanocoating can be in the form of a chemical or material that is applied on the brim which needs to be safeguarded. The building and construction sector has come up as a primary consumer for Nanocoating as a result of the chances of deterioration and corrosion. The usage of Nanocoating to conserve building materials has emerged as a key rising phase for the market. The products that are involved in the construction sector become environmentally friendly post they are coated with the aid of Nanocoating. The characteristic of abrasion resistance which is provided by the Nanocoating proves to be very helpful for enhancing the life of the materials. Abrasion-resistant products are highly needed in the field of construction and building as they aid in providing a premium experience to the customers and also help to maintain the cost of the final materials.

Key Market Insights:

• Nanocoating is anti-adhesive and cleaner in comparison to conventional coatings. They curb the growth of bacteria and microorganisms. Automobiles with nano coatings do not need waxing to maintain their shine. Furthermore, they are also environment-friendly, toxic, and breathable, facilitating them to be efficiently utilized on a variety of products as they inhibit dampness and mold.

• The utilisation of antimicrobial coatings is the perfect extra protection around the clock. These have a long-lasting impact and offer lasting protection. What can be irritating or even harmful to people, LiquidGuard a newly launched product, kills bacteria, fungi, and special viruses. Especially during the spread of the pandemic, questions of hygiene and protection against infections are coming into the spot.

• Nanoslic Protective Ceramic Coatings (US) is deploying a humongous sum of money on research and development to get a greater edge over its competitors. This will assist the company in growing its sales revenue.

Construction Nanocoating Market Drivers:

Development in the Construction Sector

The involvement of Nanocoating in the construction and building industry has arrived as a major opportunity for the market as it aids to provide security against external environmental impressions such as UV radiations and moisture which have a considerable effect on the quality of the final product. The durability of the structure mainly relies upon the quality of the items that are utilized for construction. Safeguarding against corrosion, abrasion, and staining is offered with the help of Nanocoating.

Hydrophobic coatings are applied in the construction and building industry to protect the materials against wet and rust which offers to improve the shelf life of the structure. The healthcare sector also takes the help of Nanocoating on a large scale due to the high risk of contamination that is involved. Features such as self-cleaning are primarily applied in this particular sector to curb the surface of the surgical from being contaminated and hence prevent hospital-acquired infections.

The application of Nanocoating helps the material by making it resistant against several external environmental impressions which affects the quality of the product. Nanocoating provides incredible characteristics that make the material premium. It protects the top layer against various disturbances such as abrasion, corrosion, and staining. The infrastructure can be protected against UV radiations, rain, and moisture with the aid of good-quality Nanocoating which enables the structure to last longer. The durability of the final product is enhanced considerably with the use of Nanocoating.

Construction Nanocoating Market Restraints and Challenges:

Expensive raw materials 

The raw materials that are needed for the manufacturing of Nanocoating involve ceramics, nitrides, and carbides. Multiple types of advanced technologies and machinery are demanded for the production process and application of Nanocoating on the required surface. Raw materials that are used for this process have constantly unstable prices which makes the cost of the final product uncertain. Constant fluctuations in the price and quality of the product affect the demand and supply of Nanocoating. The price of Nanocoating is much greater when compared to the other traditional coatings that are obtainable in the market which emerges as a key threat for the industry.

Construction Nanocoating Market Opportunities:

Rising demand for Nanocoating from the automotive industry 

Nanocoating is extensively used in modern automobiles to offer a protective layer over the surface of the products that are utilized inside the vehicles. This protective layer makes the products stop against external environmental conditions and impressions and hence keeps up the premium look of the device. The durability of the products which are used is increased considerably with the aid of this coating. They proved to be thermal barriers and offer maximum protection against extreme climatic situations which makes the product durable and last longer. Producers such as Mercedes, Hyundai, Tesla, and Ford make use of this technology on a bigger platform which aids the market to present considerable growth.

CONSTRUCTION NANOCOATING MARKET REPORT COVERAGE:

Construction Nanocoating Market Segmentation: By Type

• Anti-fingerprint

• Anti-microbial

• Anti-corrosion

• Abrasion & Wear Resistance

• Anti-fouling

• Self-cleaning

• UV Resistance

• Anti-icing

• Thermal Barrier & Flame Retardant

• Conductive

• Others

Based on type, the segment of Self-cleaning has arrived as the biggest segment under this category due to the rapid demand for this facility among many consumers all over the globe which aids in saving a huge amount of time and effort. As a result of the busy lifestyle practices that are agreed upon by the people, it is not possible for everyone to constantly clean up a specific surface to maintain cleanliness which is taken care of with the aid of this particular segment and hence makes it quite comfortable for the consumers in the long run. The segment of self-cleaning offers facilities such as Protection against foreign objects dust and other materials. The maintenance of the final product is lowered to a great extent with the assistance of this self-cleaning technology.

Construction Nanocoating Market Segmentation: By Region

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

North America is expected to dominate the global market during the forecast period, strongly backed up by government subsidies, interest rates, construction activities, and consumer expenditure, all of which are significant components of GDP. The growing expenditure on infrastructure, supported by the government's enhancing investment to support sustainable development, shall support market development. This region is expected to showcase substantial growth dedicated to green building technologies and sustainable development. The growth of end-use industries in the region is estimated to propel the market further.

Asia Pacific is predicted to hold a significant and also considered as fastest growing region. Nanocoating market share in the global market. The accelerating building & construction activities and development of the industrial sector shall positively head the market. China attributes a major share due to the existence of a large manufacturing base. Moreover, low labor costs and easy availability of raw materials are expected to fuel the region's market development.

COVID-19 Impact Analysis on the Construction Nanocoating Market:

The rapid spread of COVID-19 due to the air-borne nature had majorly multiplied the transmission risk, which further lowered workforce availability. The global demand was affected by the coronavirus. The closure of the automotive, marine, aerospace, and construction sectors negatively affected the market's growth.

Latest Trends:

Rising Demand from the Building & Construction Industry

Nanocoating is one of the most favorable high-performance materials that are invested in the construction industry. Due to their self-assembly effect, they represent exceptional characteristics compared to traditional coatings. They are mainly used for securing several surfaces like glass, concrete, and marble or sand limestone from getting stained, corrosion, abrasion, and other external disturbances. The escalating demand in this industry to protect the infrastructure from UV radiation, corrosion, moisture, acid rain, and pollutants is estimated to boost the market development. Photocatalytic and hydrophobic coatings are extensively used in buildings & exteriors to safeguard the substrate from UV radiations and moisture. The widening demand for the self-cleaning variety of coatings that help prolong the maintenance cycles of the infrastructure is expected to escalate the market growth. Additionally, coated substrates are less prone to external deterioration. The rising issues related to VOC emissions from conventional coatings are one of the primary reasons for pushing market demand. Polymeric coatings include emissions of VOCs that lower the air quality, whereas Nanocoating is environmentally safe and sustainable. They are often utilized to insulate new and current materials, wood, metals, and masonry while curbing the off-gassing of other varieties of coatings. The transforming consumer preference towards green and sustainable alternatives is expected to drive the market.

Key Players:

1. BASF

2. Bio-Gate

3. Buhler

4. Nanogate

5. PPG Industries

6. AdMat Innovations

7. Cima NanoTech

8. CG2 Nanocoating

9. Cleancorp

10. Ecological Coatings

Recent Developments

• A crucial milestone was reached by the company of Actnano in the year 2022 as it earned a contract for the production of 1.2 million vehicles under its brand of nano guard. Multiple autonomous vehicles were also a part of this particular contract.