Smart coating
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Smart coatings can be self-healing, self-cleaning and anti-microbial and have the ability to replace traditional anti-corrosion, anti-fouling and other industrial protective coatings. They can reduce maintenance costs and downtime for vehicles, buildings and other industrial machinery.
The smart coating market is expected to witness rapid growth to 2022, due to rising demand from end-user industries such as automotive, military and healthcare.
The market can be categorised by product:
- Single-layer
- Multilayer
Or by application:
- Automotive
- Aerospace & Defense
- Construction
- Electronics
- Healthcare
- Others
The automotive segment is expected to be the highest growing segment. The use of self-stratifying coating is gaining importance among automobile manufacturers. The booming automobile sector, especially in the developing countries of Asia-pacific region is contributing to the growth of the smart coating market. The rapid growth of the smartphone industry is also expected to drive the demand.
Asia-Pacific region is expected to dominate the market with the highest CAGR. End user industries such as electronics, automobiles and others in developing nations such as India and China are expected to contribute to the growth of this market. The North America and Europe region are expected to experience marginal growth during the forecast period.
Competitive Analysis-
Major Key Players in Smart Coating Market are
- 3M Company (U.S.),
- DuPont (U.S.),
- BASF SE(Germany),
- PPG Industries, Inc. (U.S.),
- Eastman Chemical co. (U.S.),
- Nippon Steel Trading Co., Ltd. (Japan),
- AnCatt, Inc. (U.S.),
- Nanoshell (U.K.),
- Frontiers Inc. (U.S.)
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