Global Smart Coatings Market is projected to grow at a rapid pace with a formidable CAGR during the forecast period 2023-2027. Smart coating materials are those materials that have the capability to change their properties as per the external environment stimuli such as electric field. Temperature, etc. Smart coatings are gaining wide traction among serval industries such as automotive & transportation, aerospace & defence, marine, building & construction for protective as well as decorative purposes. Furthermore, the rising adoption of advanced technology in manufacturing and infrastructure developments projects is increasing the popularity of smart coatings. Moreover, the accelerating demand for smart coatings from building and construction industry due to its property of reacting with a suitable respond to environmental situation. In addition, the government of several developing nations are working on building smart cities by building smart official and residential spaces, which is driving the demand for the product. For instance, In India, the Smart City Project is one such project under which, 100 smart cities are planned to be developed across the country. Such initiatives by the government are strengthening the market growth.
Apart from this, the advanced properties of smart coating such as self-cleaning, self-healing, corrosion resistance has resulted in its increased demand in the automotive and aerospace sector. For instance, smart coatings applied in the defence aircrafts have the capability to indicate damage on an aero engine. All these aforementioned factors are anticipated to propel the global smart coatings market in the coming years.
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The global smart coatings market is bifurcated on the basis of layer, function, end use industry, competitive landscape and regional distribution. Based on the layer the market is divided between single-layer and multi-layer. Among these, the multi-layer products are anticipated to hold a prominent market share over the forecast period. This is primarily because of the augmenting applications of multi-layered coating for protecting the surface in various end-use sectors. By function the market is segmented into anti-microbial, anti-fouling, anti-corrosion, self-cleaning, self-healing and others. Based in the end use industry the market is fragmented into automotive & transportation, aerospace & defence, marine, building & construction and others. The market analysis also studies the regional segmentation, divided among North America
Some of the leading players in the Global Smart Coatings market are PPG Industries, 3M, Hempel, Jotun, DOW Corning Corporation, RPM International, Akzonobel, Axalta Coating Systems, Sherwin-Williams, NEI Corporation etc.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Layer · Function · End Use Industry |
| Regional scope | North America; Europe &CIS; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa; Kuwait |
| Key companies profiled | PPG Industries, 3M, Hempel, Jotun, DOW Corning Corporation, RPM International, Akzonobel, Axalta Coating Systems, Sherwin-Williams, NEI Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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