Global Smart Coatings Market – Industry Analysis and Forecast (2019-2026)

Global Smart Coatings Market is expected to reach USD XX Billion by 2026 from USD XX Billion in 2018 at a CAGR of XX %.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global Smart Coatings Market

Smart coatings are widely use in the industries such as automotive & transportation, aerospace & defense, marine and building & construction.Expansion in automotive and construction industry drives the smart coatings market. Multi purpose function of smart coatings attracts the market. But, VOC emission norms will restrains the market to some extent in a forecast period.

Automotive & transportation segment is expected be major contributor for the market growth during the forecast period. New emerging technologies and innovations drive the demand for smart coatings in this industry. There is a growing demand for smart coatings for anti-fouling, anti-corrosion and self-cleaning applications from the end-use industries.

Geographically, the smart coatings market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to grow at high CAGR during the forecast period. This is due to the large demand from the automotive & transportation and building & construction industries mainly in the countries such as China and India in this region.

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Scope of the Report:

Smart Coatings Market, By Function:

• Anti-corrosion

• Anti-fouling

• Anti-icing

• Anti-microbial

• Self-healing

• Self-cleaning

Smart Coatings Market, By Layer:

• Single layer

• Multi-layer

Smart Coatings Market, By End-use Industry:

• Automotive & Transportation

• Aerospace & Defense

• Marine

• Building & Construction

Smart Coatings Market, By Geography:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

Key Players anlaysed in the Report:

• 3M

• Akzonobel

• PPG Industries

• Axalta Coating Systems

• Jotun

• Hempel

• DOW Corning Corporation

• RPM International

• Sherwin-Williams

• NEI Corporation

• Nanoshell Company

• Hygratek

• Ancatt

• Royal Dsm

• Tesla Nanocoatings

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[Dhruv Bindhani]

This report from Maximize Market Research provides a snapshot of the Global Smart Coatings Market, forecasting significant growth between 2018 and 2026.

Market Overview and Forecast:The report projects the Global Smart Coatings Market to reach USD XX Billion by 2026, growing from USD XX Billion in 2018, at a CAGR of XX %. While the exact figures for market size and CAGR are placeholder (XX), the context of "high growth" implies a substantial expansion. A search result from PR Newswire indicates the global Smart Coatings market was valued at US$ 2,257.5 million in 2017, and was expected to show a CAGR of 20.5% from 2018 to 2026, which aligns with the "high CAGR" mentioned.

Impact of COVID-19:The report explicitly addresses the "impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters." It notes that the impact varied by region and segment due to differing lockdown implementations. This analysis aims to help decision-makers formulate both short-term and long-term strategies.

Drivers and Restraints:

• Drivers:
  • Widespread use in industries like automotive & transportation, aerospace & defense, marine, and building & construction.
  • Expansion in the automotive and construction industries is a key driver.
  • The "multi-purpose function of smart coatings" is attractive to the market.
  • Growing demand for smart coatings for anti-fouling, anti-corrosion, and self-cleaning applications from end-use industries.
• Restraints:
  • "VOC emission norms" are expected to restrain the market to some extent. However, it's worth noting that smart coatings themselves can often contribute to lower VOC emissions through enhanced durability and reduced need for reapplication or by being formulated as ultra-low emission epoxy protective coatings, which minimize VOCs.

Key Market Segments:

• By Function:
  • Anti-corrosion
  • Anti-fouling
  • Anti-icing
  • Anti-microbial
  • Self-healing
  • Self-cleaning
• By Layer:
  • Single layer
  • Multi-layer
• By End-use Industry:
  • Automotive & Transportation (expected to be the major contributor due to emerging technologies and innovations, and demand for anti-fouling, anti-corrosion, and self-cleaning applications.)
  • Aerospace & Defense
  • Marine
  • Building & Construction
• By Geography:
  • North America
  • Europe
  • Asia Pacific (expected to grow at a high CAGR, driven by demand from automotive & transportation and building & construction industries, particularly in China and India). Search results also corroborate the rapid urbanization, infrastructure development, and industrial expansion in countries like China, India, and Japan as key drivers for the paints and coatings market in Asia-Pacific.
  • Middle East & Africa
  • Latin America

Key Players Analyzed in the Report:The report lists prominent companies in the smart coatings market, including:

• 3M (offers a wide range of coatings including corrosion protection)
• Akzonobel (focuses on sustainable solutions and innovation in paints and coatings)
• PPG Industries (provides advanced coatings for automotive OEM, industrial, and protective & marine applications)
• Axalta Coating Systems (known for performance and transportation coatings, including for automotive and commercial vehicles)
• Jotun (offers smart pack epoxy mastic coatings for general and marine use, providing long-lasting protection)
• Hempel (provides high-quality coatings for various assets)
• DOW Corning Corporation (now Dow Inc., offers materials for protective coatings with improved resistance to temperature, moisture, corrosion, etc.)
• RPM International (multinational company manufacturing specialty coatings, sealants, and building materials)
• Sherwin-Williams (offers various industrial coatings, including Smart Strip paint remover)
• NEI Corporation (specializes in NANOMYTE® Smart Coatings for anti-fog, anti-ice, anticorrosion, self-healing, etc.)
• Nanoshell Company (offers various nano coatings, including hydrophobic ones)
• Hygratek (provides coating solutions for anti-fingerprint, anti-microbial, anti-ice properties)
• Ancatt (developed heavy-metal free, high-performance anti-corrosion coatings)
• Royal Dsm (now DSM-Firmenich, offers hydrophilic coatings for medical devices)
• Tesla Nanocoatings (specializes in nanotechnology-based coatings for corrosion protection)

This report provides valuable insights for stakeholders interested in the smart coatings market, covering its growth trajectory, influencing factors, key applications, regional dynamics, and competitive landscape.