Global Smart Coatings Market, By Layer (Multi-Layer, Single-Layer), By Function (Anti-Microbial, Anti-Corrosion, Anti-Fouling, Anti-Icing and Others), By Product (pH, Ionic Strength and Others), By End-Use Industry (Medical Fields and Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Smart Coatings Market
The Global Smart Coatings Market is expected to reach USD 11.95 billion by 2025, from USD 2.25 billion in 2017 growing at a CAGR of 23.95% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Smart Coatings Market
Smart coatings are those types of coatings which are technologically developed to change their properties in response to the environmental stimulus. Due to its protective property smart coating is gaining popularity in commercial application segment. It has many advantages. It can indicate damage on an aero engine or oil and gas platform or even in a composite which is used to save weight on an aircraft. It could be a wall for a packaging film application and also be transparent and allows moisture. Due its special character, it is being adopted to many application segments such as military, aerospace, hospitals, automobiles. Single layer coating product segment created a CAGR of 24.5% in terms of volume which increased the demand for single coat with multiple functionalities. Asia pacific showed a market value of USD 180.8 million in 2017 and the highest CAGR of 39.6% from 2018 to 2025.The domestic waterbone coating market in china is valued at USD 2.5 billion in revenues end of the year 2010. Roughly 1.2 million tons were exported according to report by China strategic research.
- Growing demand from end-use industries
- Superior properties of smart coatings
- Increasing demand for products requiring low maintenance
- Environmental regulations
- Low durability in extreme weather conditions
Segmentation: Global Smart Coatings Market
- Single layer
By End use industry
- Automotive & transportation
- Aerospace & Defense
- Building & construction
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Competitive Landscape: Global Smart Coatings Market
The global smart coating is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart coating market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Smart Coatings Market
- PPG Industries
- Axalta Coating Systems
The other players in the market are Otun, DOW Corning Corporation, Sherwin-Williams, RPM International, NEI Corporation, Additional Companies, Hygratek, Nanoshell Company, Ancatt, Tesla Nanocoatings, Royal Dsm, GreenkoteCG2, Nanocoatings, Helicity Technologies, Industrial Nanotech, Jotun A/S, The Lubrizol Corporation, AnCatt Inc., Hempel A/S, A&K coating, PPG Industries, Eastman Chemical Co.
Research Methodology: Global Smart Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global smart coating market
- Analyse and forecast the smart coating market on the basis of layer, function, end use industry and region
- Trends of key regional and country-level markets for layer, function, end use industry and region
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis