Implementation of strict VOC regulations is fostering the growth of the sol gel nanocoating market
North America is projected to dominate the global sol gel nanocoating market and this is attributed to the growing demand from end-user industries such as medical devices, automotive, and electrical & electronics industries. Moreover, the increasing implementation of strict VOC emissions regulations that restrict the use of solvent-based coatings is again projected to augment the growth of the sol gel nanocoating market. For instance, the U.S. EPA regulates VOCs at the Federal level in 40 CFR 59, which is the National Volatile Organic Compound Emission Standards for Consumer and Commercial Products such as Aerosol Coatings, Architectural Coatings, etc. In October 2020, Protective nanocoating company actnano announced that it has raised $12M in a Series A funding round. The shifting focus of manufacturers towards developing multi-functional coatings that offer a wide range of properties is fostering the growth of the sol gel nanocoating market . It helps in improving surfa...