Smart Coatings Market by Function (Self-healing, Self-cleaning, Anti-microbial), by Layer (Single-layer, Multi-layer), by Application (Building & Construction, Aerospace & Defense), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2019 - 2027)

Smart Coatings Market Size, Share, Trends, Growth, Analysis, Research
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.

  • 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.

 

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 Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million) Volume (Kiloton)

Segments Included

Function, Layer, and Application

Regional Coverage

North 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

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?

Report Audience

  • Smart Coatings Market Providers
  • Smart Coatings Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Smart Coatings Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMART COATINGS MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Demand for Smart Coatings Across Various End-Use Industries
      2. Advantages of Smart Coatings
    3. Restraint
      1. High Cost of Smart Coatings
    4. Opportunities
      1. High R&D Investment in Development of New Coatings
    5. Challenges
      1. Limited Availability of Skilled Labor
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL WATER TREATMENT CHEMICALS MARKET BY FUNCTION, Market Size in USD Million and Kiloton (2019-2027)
    1. Introduction
    2. Self-healing
    3. Self-cleaning
    4. Anti-microbial
    5. Anti-corrosion
    6. Anti-icing
    7. Anti-fouling
    8. Self-dimming
    9. Others
  7. GLOBAL WATER TREATMENT CHEMICALS MARKET BY LAYER, Market Size in USD Million and Kiloton (2019-2027)
    1. Introduction
    2. Single-layer
    3. Multi-layer
  8. GLOBAL WATER TREATMENT CHEMICALS MARKET BY APPLICATION, Market Size in USD Million and Kiloton (2019-2027)
    1. Introduction
    2. Building & Construction
    3. Aerospace & Defense
    4. Automotive & Transportation
    5. Medical
    6. Electronics
    7. Military
    8. Others
  9. GLOBAL WATER TREATMENT CHEMICALS MARKET BY REGION, Market Size in USD Million and Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. PPG Industries, Inc.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Akzo Nobel N.V.
    3. Jotun
    4. RPM International Inc.
    5. Hempel A/S
    6. NEI Corporation
    7. AXCENTIVE
    8. 3M
    9. DSM
    10. BASF SE
    11. Eastman Chemical Company
    12. CG2 NanoCoatings
    13. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 066

Published : November, 2020


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