Global Smart Coatings Market Research Report, Market size, Status, Revenue, Consumption, Import and Future Forecast to 2019-2025

Apr 10, 2019

A new market study, titled “Discover Global Smart Coatings Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.

Pune, India - April 10, 2019 /MarketersMedia/ —

Introduction

The global smart coatings market was valued at USD xx million in 2017 and is estimated to reach USD xx million by 2025, with a CAGR of xx% during the forecast period from 2018 to 2025. Smart coatings are special films with predefined properties which make them sense and respond to environmental and other external stimuli. The coatings' self-healing proper-ties make them suitable for corrosion protection, material protection, and other surface im-provement applications. These coatings are widely used in medical, military, transport, con-struction, electronics, and other industries for protection against corrosion and abrasion, as well as other surface protection purposes.

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Drivers & Restraints

The increasing technological advancement in smart coatings, superior properties of smart coatings, and the growth in the automotive sector especially in Asia-Pacific and Europe are the primary factors boosting the growth of the market. Smart technologies are increasingly being preferred worldwide owing to the emergence of new technologies that have en-hanced its functionalities. Some of these technologies include- micro-encapsulation, nano-technology, conductive materials, self-healing, and self-assembling systems. A significant trend driving the development of smart coating technologies is the continuous demand for higher performance to extend product life and reduce maintenance, to enhance energy ef-ficiency both for cost and environmental reasons.

The high cost of smart coatings can hinder the growth of the market during the forecast pe-riod.

Segment Analysis

The global smart coatings market report segments the market by layer, function, and end-user. The layer segment includes single layer and multi-layer. On the basis of the function of smart coatings, the market consists of self-healing, self-cleaning, anti-microbial, anti-icing, anti-corrosion, and others. Further, the report classifies the market by end-user, which in-cludes construction, automotive, aerospace, marine, consumer electronics, military, healthcare, and others. The automotive segment is the most dominant segment and is ex-pected to hold a significant market share during the forecast period. There is a high demand for anti-corrosion smart coatings in the automotive industry for the protection of vehicle body parts like door closures, lock parts, suspensions, engine components, and clamps & hose connections. Also, the demand for self-stratifying coatings is on the rise in the automo-tive industry because it reduces the labour and material costs involved in the second coating by forming multilayer films from a single coating system.

Construction 20%

Automotive 25%

Aerospace 15%

Marine 10%

Consumer Electronics 10%

Military 10%

Healthcare 5%

Others 5%

Geographical Analysis

The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and Others. Asia-Pacific was the fastest growing region in 2017 for smart coatings, and it is expected to dominate the market in the coming years. The expected dominance of Asia-Pacific can be attributed to the high growth of end-user indus-tries in the region because of growing urbanisation and industrialisation. The rise in auto-motive production in Asia-Pacific is primarily boosting the market. The countries like China, India, Japan, and South Korea are the top producers of automobiles in the region. Major car manufacturers like Chevrolet, Audi, Kia, Volvo, and Daimler are setting up new production facilities in these countries because of low labour cost, raw materials prices, and a rising urban population. Thus, the increasing automotive production is boosting the demand for Smart coatings in the region.

Title: Global Smart Coatings Market Share – By Geography, 2017

North America 30%

Europe 25%

Asia-Pacific 25%

South America 10%

Rest of the World 10%

Key Players

The Global Smart Coatings market report profiles the following companies-

AkzoNobel, The Sherwin-Williams Company, Axalta Coating Systems, Jotun A/S, RPM Tech-nologies, PPG Industries, NEI Corporation, Hempel A/S, BASF SE, and DowDuPont.

Key market segments covered

By Layer

Single Layer
Multi-layer

By Function

Self-Healing
Self-Cleaning
Anti-microbial
Anti-icing
Anti-corrosion
Others

By End-user

Construction
Automotive
Aerospace
Marine
Consumer Electronics
Military
Healthcare
Others

By Region

Asia Pacific
Europe
North America
South America
Rest of the World

Why purchase the report?

Visualize the composition of the Smart Coatings market across each indication, in terms of layer, function, and end-user highlighting the key commercial assets and players.
Identify commercial opportunities in Smart Coatings market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Smart Coatings market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key Smart Coatings market products of all major market players

Target Audience

Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

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Table of Contents

Global Smart Coatings Market – Methodology and Scope

1.1. Research Methodology

1.2. The scope of the Report

Global Smart Coatings Market – Trends

2.1. Key Trends & Developments

Global Smart Coatings Market – Industry Analysis

3.1. Industry Impact Factors (Drivers & Restraints)

3.2. Competitive Intensity- Porter 5 Forces

3.3. Regulatory Analysis

Global Smart Coatings Market – By Layer