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.
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
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.
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6
1. Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Stakeholders
2. Research Methodology
2.1 Research Data
2.1.1 Primary Data
2.1.2 Secondary Data
2.2 Market Size Estimation
2.3 Research Assumptions
3. Executive Summary
4. Industry Insights
5. Global Smart Coatings Market – By Product
5.1 Single-Layer
5.2 Multiple-Layers
6. Global Smart Coatings Market – By Function
6.1 Anti-Microbial
6.2 Anti-Corrosion
6.3 Anti-Fouling
6.4 Anti-Icing
6.5 Self-Cleaning
6.6 Self-Healing
6.7 Others
7. Global Smart Coatings Market – By Application
7.1 Automotive & Transportation
7.2 Marine
7.3 Building & Construction
7.4 Aerospace & Defense
7.5 Others
8. Global Smart Coatings Market – By Geography
8.1 North America
8.1.1 US
8.1.2 Canada
8.2 Europe
8.2.1 Germany
8.2.2 France
8.2.3 UK
8.2.4 Rest of Europe
8.3 Asia-Pacific
8.3.1 Japan
8.3.2 China
8.3.3 India
8.3.4 Rest of APAC
8.4 LAMEA
8.4.1 Latin America
8.4.2 Middle East
8.4.3 Africa
9. Competitive Landscape
10. Company Profiles
10.1 3M
10.2 PPG Industries
10.3 Akzonobel
10.4 Axalta Coating Systems
10.5 Hempel
10.6 Jotun
10.7 DOW Corning Corporation
10.8 Sherwin-Williams
10.9 RPM International
10.10 NEI Corporation
10.11 Other Players
11. Appendix
List of Tables
Table 1 Smart Coatings Market Size, By Function (US$ Mn AGR%, CAGR%), 2019-2029
Table 2 Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 3 Smart Coatings Market By Application, (US$ Mn AGR%, CAGR%), 2019-2029
Table 4 Smart Coatings Market By Region, (US$ Mn AGR%, CAGR%), 2019-2029
Table 5 North America: Smart Coatings Market Size, By Country, (US$ Mn AGR%, CAGR%), 2019-2029
Table 6 North America: Smart Coatings Market Size, By Function (US$ Mn AGR%, CAGR%), 2019-2029
Table 7 North America: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 8 North America: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 9 US: Smart Coatings Market Size, By Function (US$ Mn AGR%, CAGR%), 2019-2029
Table 10 US: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 11 US: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 12 Canada: Smart Coatings Market Size, By Function (US$ Mn AGR%, CAGR%), 2019-2029
Table 13 Canada: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 14 Canada: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 15 Europe: Smart Coatings Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 16 Europe: Smart Coatings Market Size, By Function (US$ Mn AGR%, CAGR%), 2019-2029
Table 17 Europe: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 18 Europe: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 19 Germany: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 20 Germany: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 21 Germany: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 22 France: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 23 France: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 24 France: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 25 UK: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 26 UK: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 27 UK: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 28 Rest of Europe: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 29 Rest of Europe: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 30 Rest of Europe: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 31 Asia-Pacific: Smart Coatings Market Size, By Country, 2019-2029 (Kiloton)
Table 32 Asia-Pacific: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 33 Asia-Pacific: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 34 Asia-Pacific: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 35 Japan: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 36 Japan: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 37 Japan: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 38 China: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 39 China: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 40 China: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 41 India: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 42 India: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 43 India: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 44 Rest of APAC: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 45 Rest of APAC: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 46 Rest of APAC: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 47 LAMEA: Smart Coatings Market Size, By Country, (US$ Mn AGR%, CAGR%), 2019-2029
Table 48 LAMEA: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 49 LAMEA: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 50 LAMEA: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 51 Latin America: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 52 Latin America: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 53 Latin America: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 54 Middle East: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 55 Middle East: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 56 Middle East: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
Table 57 Africa: Smart Coatings Market Size, By Function, (US$ Mn AGR%, CAGR%), 2019-2029
Table 58 Africa: Smart Coatings Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 59 Africa: Smart Coatings Market Size, By Application (US$ Mn AGR%, CAGR%), 2019-2029
List of Figures
Figure 1 Smart Coatings Market Segmentation
Figure 2 Smart Coatings Market: Research Design
Figure 3 Drivers, Restraints, Opportunities, and Challenges in the Smart Coatings Market
Figure 4 Smart Coatings Market, By Function (2019-2029)
Figure 5 Smart Coatings Market, By Product (2019-2029)
Figure 6 Smart Coatings Market, By Application (2019-2029)
Figure 7 Global Smart Coatings Market, By Region
Figure 8 North America: Smart Coatings Market Snapshot
Figure 9 Europe: Smart Coatings Market Snapshot
Figure 10 APAC: Smart Coatings Market Snapshot
Figure 11 LAMEA Smart Coatings Market Snapshot
Figure 12 Market Share/Ranking
Figure 13 3M: Financial Snapshot
Figure 14 PPG Industries: Financial Snapshot
Figure 15 Akzonobel: Financial Snapshot
Figure 16 Axalta Coating Systems: Financial Snapshot
Figure 17 Hempel: Financial Snapshot
Figure 18 Jotun: Financial Snapshot
Figure 19 DOW Corning Corporation: Financial Snapshot
Figure 20 Sherwin-Williams: Financial Snapshot
Figure 21 RPM International: Financial Snapshot
Figure 22 NEI Corporation: Financial Snapshot