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Smart Coatings Market Size, Share, Industry Trends and Forecast to 2025

Global Smart Coatings Market is expected to reach USD 12.08 billion by 2025, from USD 2.17 billion in 2017, growing at a CAGR of 23.9% during the forecast period of 2018 to 2025.

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Market Drivers:

  • Growing demand from end-use industries
  • Superior properties of smart coatings
  • Increasing demand for products requiring low maintenance

Market Restraints:

  • Environmental regulations
  • Low durability in extreme weather conditions

Competitive Analysis:

The global smart coatings market 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 coatings for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players:

  • 3M
  • PPG Protective & Marine Coatings
  • BASF
  • Inducoat
  • Dow Corning
  • Royal DSM
  • NEI Corporation
  • Autonomic Materials
  • Battelle
  • Covestro
  • Oceanit
  • SLIPS Technologies
  • Suprapolix BV
  • Tesla Nanocoatings
  • Balcony Systems Solutions Ltd
  • Nanoshell
  • Cima Nano tech.
  • New Energy technologies
  • Ancatt Inc.
  • Research Frontiers, Inc.
  • Debiotech SA.
  • Akzonobel
  • Axalta Coating Systems
  • Hempel
  • Jotun
  • Sherwin-Williams
  • Tesla Nanocoatings
  • Royal Dsm
  • Greenkote
  • CG2 Nanocoatings
  • Helicity Technologies
  • Among others.

This report consists of below pages:

  • No of pages: 350
  • No of Figures: 60
  • No of Tables: 220

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Segmentation:

The global smart coatings market is segmented on the basis of layer, function, product type and end user.

On the basis of layer:

  • Multi-Layer
  • Single Layer

On the basis of function:

  • Anti-Microbial
  • Anti-Corrosion
  • Anti-Fouling
  • Anti-Icing
  • Self-Cleaning
  • Self-Healing
  • Electrochromic Coatings
  • Thermochromic Coatings
  • Hydrophobic Coatings
  • Hydrophilic Coatings
  • Super Hydrophobic Coatings
  • Oleophobic & Omniphobic Coatings

On the basis of product type:

  • pH
  • Ionic Strength
  • Temperature
  • Pressure
  • Surface Tension
  • Electric or Magnetic Fields
  • Light
  • Acoustics
  • Mechanical Forces

On the basis of end user:

  • Medical Fields
  • Military Applications
  • It Technologies
  • Aerospace
  • Food &Packaging
  • Agriculture
  • Automotive
  • Architectural
  • Industrial
  • Household
  • Cosmetic & Personal Care
  • Apparel

Based on geography:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Market Definition:

This market report defines the market trends and forecast the upcoming opportunities and threats of the smart coatings market in the next 8 years. Coating is the process that protects the surface of any material from the conservational elements. Materials which have the capabilities to change their properties according to external environmental factors such as temperature, electric field and others are referred as smart coating materials. Smart coatings are specially designed films which sense and respond to environmental, mechanical, chemical, and physical properties such as light, pressure, or electric current. Smart coating is gaining momentum nowadays as many players are enhancing their product portfolio in order to expand their product reach at the global level. For instance, AnCatt has recently developed environmentally friendly anti-corrosion coating platform, which has cost effective, lightweight and self-healing properties. New energy technology is developing the first-of-its kind SolarWindow technology, which enables see-through windows to generate electricity by ‘spraying’ their glass surfaces with New Energy’s electricity- generating coating.  Cima Nano Tech introduced ultra-low resistance SANTE EMI shielding film for lightweight, transparent, and thinner EMI shielding. Such developments and innovations in the market are significantly affecting the global smart coatings market. As per the report in AzoNano, the total cost for U.S. Department of Defense corrosion-related problems is at USD 10.0 billion per year in which USD 2.0 billion is related to painting and paint-scraping operations which surges the opportunity for the smart coatings.

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