Visiongain Publishes Global Smart Coatings Market 2019-2029 Report

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May 06, 2019, 09:00 ET

LONDON, May 6, 2019 /PRNewswire/ -- Global Smart Coatings Market by Product (Single-Layer, Multiple-Layers), by Function (Anti-Microbial, Anti-Corrosion, Anti-Fouling, Anti-Icing, Self-Cleaning, Self-Healing), by Application (Automotive & Transportation, Marine, Building & Construction, Aerospace & Defense), Global Opportunity Analysis and Industry Forecast

Market Definition:
• Smart coatings are specialized films with variety of physical, chemical, electrical and mechanical properties that make them respond to environmental and other external stimuli.
• These coatings have self-repair and self-healing properties that make them suitable for corrosion protection, material protection and other surface improvement applications.
• Smart coatings are developed by combining functionality with design to offer the usual functions of coatings, such as protection and decoration.

Market Overview and Trends
• Smart coatings were developed way back in time, however in recent years, advanced multifunctional materials have become a potential subset of smart coatings.
• It is important to continue expanding applications of smart coatings, as its long-term durability, ease of repair and many such advantages would have a positive impact on the mainstream coatings market.
• Smart coatings can improve efficiency of a system by reducing inspection times, maintenance costs and equipment downtime.
• Smart coating can also reduce the need for repairing corroded areas in addition to extending the life of components and structures made from corrosive materials.
• Globally, researchers have been studying and inventing groundbreaking properties such as self-healing, self-cleaning, smart tint or anti-corrosion coatings.
• This help in developing durable products which assures safety and longer shelf life of the products and equipment.
• Based on these properties, smart coating are being used in various industries such as medical, military, textile, transport, construction, electronics and many others.
• Growing demand of smart coating in various other sectors is expected to offer lucrative opportunities for key players.

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Market Dynamics:

Factors Influencing the Market Growth:
• Rapidly growing industrialization and technological advancements in the coatings market
• The advantages aligned with smart coatings have increased its usage in various industries and propelled stakeholder to invest in research and development of smart coatings.
• Rapidly increasing need for self-healing coatings in automotive sector

Factors Restraining the Market Growth:
• High cost associated with the raw material and production
• Environmental regulations

To find out more about this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/global-smart-coatings-market-2019-2029/

Market Segmentation 2019-2029:
The smart coatings market is segmented on the product, functions, application and geography.

Product
• Single-layer Market, 2019-2029
• Multiple-layers Market, 2019-2029

Functions
• Anti-microbial Market, 2019-2029
• Anti-corrosion Market, 2019-2029
• Anti-fouling Market, 2019-2029
• Anti-icing Market, 2019-2029
• Self-cleaning Market, 2019-2029
• Self-healing Market, 2019-2029
• Others Market, 2019-2029

Application
• Automotive and transportation Market, 2019-2029
• Marine Market, 2019-2029
• Building and construction Market, 2019-2029
• Aerospace and defense Market, 2019-2029
• Others Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029

Competitive Analysis:
• Research and development is the primary strategy adopted by the key players in the smart coatings market.
• This enabled the companies to discover and launch smart coatings with unique, environmental friendly properties such as self-healing and anti-corrosion.
• Hempel launched its high-build epoxy intermediate coating to help deliver longer service life for industrial assets.
• Datalase launched its new functional coating for corrugated packaging. This enables the companies to strengthen their product portfolio.

Major Market Players:
3M, PPG Industries, Akzonobel, Axalta Coating Systems, Hempel, Jotun, DOW Corning Corporation, Sherwin-Williams, RPM International, and NEI Corporation.

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Companies covered in the report include:

3M
Akzonobel
Ancatt
Axalta Coating Systems
Balcony Systems Solutions Ltd
CG2 Nanocoatings
Cima Nano tech.
Debiotech SA.
DOW Corning Corporation
Greenkote
Helicity Technologies
Hempel
Hygratek
Jotun
Nanoshell
Nanoshell Company
NEI Corporation
New Energy technologies
PPG Industries
Research Frontiers, Inc.
Royal Dsm
RPM International
Sherwin-Williams
Smart Coating Technologies (B) Sdn Bhd
Tesla Nanocoatings