DUBLIN--(BUSINESS WIRE)--The "Global Nano Paints and Coatings Market - Segmented by Resin, Method, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global nano paints and coatings market is expected to witness a healthy CAGR during the forecast period, 2018-2023. One of the major factors driving the growth of the market is the increasing demand from the aerospace industry. Asia-Pacific is expected to exhibit the fastest growth rate during the forecast period.
Nanocoatings are highly useful in the reduction of drag, which in turn, aids in saving fuel. These coatings are highly helpful for segments involving high manufacturing costs, such as military aviation.
Owing to the increasing middle class incomes in emerging countries, there is a surge in the demand for air travel in the recent times, and this demand is expected to grow further in the coming years. Subsequently, the global aircraft fleet is also projected to grow at a significant rate, with over 41,000 aircraft deliveries expected to happen by the year 2036.
Boeing estimates the total aircraft fleet to grow at a rate of 3.5% by the year 2036 with an estimated air traffic growth of 4.7%. Similarly, the increasing industrial production and global trade have driven the air cargo services around the world, which, in turn, is boosting the demand for the production of new commercial aircraft.
These factors are expected to provide ample opportunities for growth in the consumption of the nano paints and coatings used in the aerospace industry.
Key Topics Covered
2. Executive Summary
3. Market Insights
5. Market Segmentation & Analysis (Market Size, Growth and Forecast)
6. Regional Market Analysis (Market Size, Growth and Forecast)
7. Competitive Landscape
8. Company Profiles (Overview, Financials, Products & Services, Recent Developments)
- Guard NanoTech Coatings Ltd
- Nanovere Technologies LLC
- Pearl Nano Coatings
- Yung Chi Paint & Varnish Mfg. Co. Ltd.
- NanoShine Ltd
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