Global Nanocoatings for the Building and Construction Market to Grow at a CAGR of Over 20% Through 2021, Reports Technavio

Technavio has published a new report on the nanocoatings market for the building and construction industry from 2017-2021. (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--Technavio market research analysts forecast the global nanocoatings for the building and construction market to grow at a CAGR of more than 20% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the global nanocoatings for the building and construction market for 2017-2021. The report also lists building and infrastructure as the two major end-use segments, of which the building segment accounted for over 62% of the market share in 2016.

According to Mahitha Mallishetty, a lead analyst at Technavio for metals and minerals research, “Nanocoatings are specifically used to protect various construction surfaces, including glass, concrete, sand, limestone, and marble against environmental influences causing water staining, algae, soot, and oil stains. Nanocoatings make the building surface highly hydrophobic and oleophobic; thus, reducing the maintenance costs and increasing the time span for maintenance.”

Request a sample report: http://www.technavio.com/request-a-sample?report=56624

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio chemicals and materials analysts highlight the following three market drivers that are contributing to the growth of the global nanocoatings for the building and construction market:

  • Potential uses of nanocoatings
  • Increasing demand for indoor air quality products
  • Growing demand from developing economies

Potential uses of nanocoatings

The use of nanocoatings in various end-use industries such as the building and construction industry helps in minimizing material use, minimizing waste, and optimizing energy consumption while improving product performance. Areas, where nanomaterials can be of immense help to the existing services, include building and construction, healthcare, automotive, furniture, and energy industries.

The use of nanocoatings helps in reducing corrosion, erosion, and UV-degradation. They prevent algae growth or the attack by other organisms such as woodworm or termites. Nanocoatings help improve resistance to vandalism and introduce easy-to-clean surfaces. Moreover, the use of nanocoatings enables the construction of materials that are light, strong and durable.

Increasing demand for indoor air quality products

Sick building syndrome is increasing at a fast pace because of the decreasing quality of air. This particular syndrome mainly occurs when air pollutants are trapped in an area, giving rise to health problems. One of the most important causes of poor indoor air quality is deterioration and poor maintenance of buildings.

The use of nanocoatings additives in paints and coatings has increased in the past few years because of increasing awareness about health-related effects of mold growing on various building structures.

“Antimicrobial nanopaints and nanocoatings ensure that the air inhaled near buildings is free from disease-causing pathogens. Also, modern antimicrobial coatings are less toxic to humans than traditionally used paints, says Mahitha.

Growing demand from developing economies

Increasing investment in the development of infrastructure in APAC and Central and South America has contributed to the growing demand for nanocoatings, especially from the commercial sector. The growth of the housing market in India, Thailand, Philippines, Indonesia, Peru, Colombia, Brazil, Mexico, and Chile has led to an increase in demand for nanocoatings from residential and non-residential end-users.

The housing market is experiencing a steady recovery from the impact of the 2008-2012 economic recession. There has been an increase in the prices of homes in over 30 countries worldwide. This growth is indicative of the growing investments by consumers in the housing market in these countries. It also signifies that there are many opportunities for growth in the construction end-use segment for vendors of nanocoatings during the forecast period.

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like olefins; paints, coatings, and pigments; and personal protective equipment. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio market research analysts forecast the global nanocoatings for the building and construction market to grow at a CAGR of more than 20% during the forecast period 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com