Impact of COVID-19: Smart Coatings Market is expected to register a CAGR of more than 23%, reaching a value of around USD 15 billion by the end of 2027.
SMART COATINGS MARKET: Summary
The Global Smart Coatings Market is expected to register a CAGR of more than 23%, reaching a value of around USD 15 billion by the end of 2027.
Smart coatings are made of programmable materials with a variety of physical, chemical, electrical, and mechanical properties. The materials used for making smart coatings can respond to changes in light, pressure, chemical, heat, and other stimuli.
Smart coatings are designed to remain passive unless prompted to perform a function based on the stimuli. These coatings can repeat the process over and over, up to thousands of cycles or more, and spanning over several years.
SMART COATINGS MARKET: Drivers & OPPORTUNITIES
Market Driver:
- Growing Demand for Smart Coatings Across Various End-Use Industries
Smart coatings are widely used in medical, military, aerospace & defense, transportation, building & construction, electronics and other industries for protection against corrosion and abrasion, as well as other surface protection purposes. The major driver of the smart coatings market is the high demand from the aerospace and automotive industry. For instance, when used in aircraft, smart coatings can detect damage to a gas, an oil, and aero engine. Moreover, extensive demand from the automotive industry for corrosion and abrasion resistance is driving the demand for smart coatings.
Fast-paced industrialization in emerging economies, as well as infrastructural development in developed nations, has led to an increased number of construction activities. This is expected to drive the demand for smart coatings in the building & construction industry.
Thus, the growing demand from end-use industries is expected to fuel the smart coatings market.
Get Sample Copy of This Report @
https://www.forencisresearch.com/smart-coatings-market-sample-pdf/
- Advantages of Smart Coatings
Smart coatings are corrosion resistance, self-healing, antimicrobial, self-cleaning, and others. Being able to identify and repair faults or defects early results in social and environmental benefits as well as reducing costs for manufacturers. Moreover, these coatings are low-maintenance, which further increases their demand. Smart coatings are designed such that they can customize to act in different ways under different conditions.
Smart coatings can improve the systems’ efficiency by reducing inspection times, equipment downtime, and maintenance costs. Its use also extends the life of components and structures that are made of corrosive materials, thus reducing the repairing cost of these parts.
Therefore, the advantages associated with smart coatings is expected to drive the demand for smart coatings in the coming future.
Market Opportunity:
- High R&D Investment in Development of New Coatings
Ongoing R&D associated with the development of new coatings include self-healing graphene-based tough coatings, water-repellent anti-icing coatings, and gold nanoparticles embedded antimicrobial coatings, among others.
In 2017, researchers at NASA Kennedy Space Center developed a smart, environmentally friendly coating system for early detection and inhibition of corrosion and self-healing of mechanical damage without external intervention. This coating system would be used for applications such as bridges, automobiles, ships, pipes, machinery, and aircraft. Furthermore, the US Navy is conducting research to replace hexavalent chromium with smart coatings.
Thus, investment in R&D for the development of new coatings is likely to offer new opportunities to the players in this market.
Smart Coatings market: Key segments
- Segmentation based on function: Self-healing, Self-cleaning, Anti-microbial, Anti-corrosion, Anti-icing, Anti-fouling, Self-dimming, and Others.
- Segmentation based on layer: Single-layer and Multi-layer.
- Segmentation based on application: Building & Construction, Aerospace & Defense, Automotive & Transportation, Medical, Electronics, Military, and Others.
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
Request for Methodology of This Report @
https://www.forencisresearch.com/smart-coatings-market-request-methodology/
Smart Coatings MARKET: Report SCOPE
The report on the smart coatings market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2018–2027Base Year for Market Calculation2019Forecasted Period2020–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million) Volume (Kiloton)Segments IncludedFunction, Layer, and ApplicationRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South Africa
KEY Companies Covered
- PPG Industries, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Akzo Nobel N.V.
- Jotun
- RPM International Inc.
- Hempel A/S
- NEI Corporation
- AXCENTIVE
- 3M
- DSM
- BASF SE
- Eastman Chemical Company
- CG2 NanoCoatings
- Other Key Companies
Consult with Analyst @
https://www.forencisresearch.com/smart-coatings-market-consult-with-an-analyst/
Smart Coatings MARKET: report segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Smart Coatings Market, by Function
- Self-healing
- Self-cleaning
- Anti-microbial
- Anti-corrosion
- Anti-icing
- Anti-fouling
- Self-dimming
- Others
Smart Coatings Market, by Layer
- Single-layer
- Multi-layer
Smart Coatings Market, by Application
- Building & Construction
- Aerospace & Defense
- Automotive & Transportation
- Medical
- Electronics
- Military
- Others
Smart Coatings Market, by Region
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
Key Questions answered by the report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
Purchase this Premium Industry Research Report with Analysis @
https://www.forencisresearch.com/smart-coatings-market-purchase-now/
Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL WATER TREATMENT CHEMICALS MARKET BY FUNCTION, Market Size in USD Million and Kiloton (2019–2027)
7 GLOBAL WATER TREATMENT CHEMICALS MARKET BY LAYER, Market Size in USD Million and Kiloton (2019–2027)
8 GLOBAL WATER TREATMENT CHEMICALS MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2019–2027)
9 GLOBAL WATER TREATMENT CHEMICALS MARKET BY REGION, Market Size in USD Million and Kiloton (2019–2027)
10 Competitive Landscape
11 Company Profiles
12 Appendix
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us
FORENCIS RESEARCH
Phone: +1 (720) 306 9020
Email: info@forencisresearch.com
For more market research insights, please visit https://www.forencisresearch.com
