Key Findings
The European Government has many policies that limit the expansion of the coatings industry due to the harmful VOC content, however, the nanocoatings market is in heavy demand as they are known to be a promising substitute to the VOC containing coatings because of its low VOCs that will result in increased demand in the region during the forecast period. The market is growing at 20.97% CAGR through the forecasting period.

Market Insights
Germany, the U.K., France, Spain, Italy, Norway, the Netherlands, Belgium and the collective countries forming the Rest of Europe are considered for the market study. The automotive industry is one of the major drivers for the growth of the nanocoatings market. The nanocoatings market supplies a variety of nanocoatings products like the anti-fingerprint, anti-microbial and U.V. resistant nanocoatings to multiple end user industries of Europe which are influential to the development of the region’s economy. The electronics industry registered a turnover of $XX million in 2018. The German electronics industry is the largest electronics industry in Europe, and the electronic instruments use various nanocoatings, among which anti-fingerprint, hydrophobic and conductive nanocoatings are the prominent ones, thus profiting the nanocoatings market.

Competitive Insights
The major companies contributing the most by revenue to the regional market are Eikos Inc., Nanofilm Ltd. (Pen Inc.), PPG Industries Inc., AkzoNobel N.V., Aquashield Technologies, BASF, Inframat Corporation, Surfix BV-Advanced Nanocoatings, Admat Innovations, Integran Technologies, Nano-Care AG, Nanophase Technologies Corporation, Bio-Gate (Syntosbeteiligungs Gmbh), Nanovere Technologies LLC, CG2 Nanocoatings Inc., Nilima Nanotechnologies, P2i Ltd. and Tesla Nanocoatings.