Industry News

Nanocoatings Market for Construction Industry to Reach USD 1,873 Million by 2021: Technavio

Published on 2017-02-24. Author : SpecialChem

Technavio has announced that the global nanocoatings market for the building and construction industry was valued at USD 740 million in 2016 and is expected to surpass USD 1,873 million by 2021.

Technavio has announced its latest market research report on the global nanocoatings market for the building and construction industry, under its metals and minerals portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like CTC Nanotechnology, Theta Chemicals, Advenira Enterprises, Inframat, and Nanogate.

Nanotechnology - Best Solutions for the Coating Industry

Nanocoating Market
Nanocoatings Market for Construction Industry
to Reach USD 1,873 Million by 2021: Technavio

According to Sharan Raj, a lead analyst for metals and minerals research at Technavio, “The increasing demand for indoor air quality products is expected to drive growth in the market. Sick building syndrome is increasing at a fast pace because of the decreasing quality of air. Generation of this particular problem calls for the need for indoor air quality products.”

One of the most important causes of poor indoor air quality is deterioration and poor maintenance of buildings. Approximately 30% of buildings are aging and are in need of repair, but because of negligence, they are giving rise to respiratory ailments and allergies.

Product Innovation

  • Product innovation plays an important role as the fragmented nature of market results in companies developing new products to gain competitive advantage 
  • Nanotechnology is one of the best solutions for the coating industry to improve the application of nanotechnology in various end-use industries such as construction
  • Global coating manufacturers are constantly working on the development of nanocoatings to meet the regulations given by various environmental and government bodies such as EPA with low VOC content to improve their performances in different industry-specific areas

Urbanization in BRICS

The nanocoatings market in Brazil, Russia, India, China, and South Africa (BRICS) is growing because of the industrialization and urbanization, along with the growing demand from consumers of the building and construction industry in these countries. In the building and construction industry, nanocoatings help in the reduction of:
  • Algae
  • Mild dew
  • Microbial growth

BRICS nations are the driving pillars of the global economy as these countries possess large customer base that consumes efficient building and construction materials in large quantity. The rising demand for construction materials increases the demand for nanocoatings in various applications.

About Technavio

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on organic products- Natural and Organic Personal Care Product Market in the US 2014-2018 and Natural and Organic Food Market in the US 2014-2018

PS: If you liked this News, you might enjoy our Coatings Industry Newsletter. All the Industry News delivered twice a week right to your inbox. Sign up here!

Source: Technavio
Channel Alerts

Receive weekly digests on hot topics

Back to Top