Smart Coatings Market Size Analysis, Segmentation, Industry Outlook, and Forecasts, 2021-2027 | Reports And Data

The Global Smart Coatings market is forecasted to reach USD 10.32 Billion by 2026, according to a new report by Reports and Data. Smart coatings are preferred among others owing to the development of new technologies that enhance their functionalities. Such technologies are conductive materials, nanotechnology, self-healing and self-assembling system, and micro-encapsulation, as they give coatings the capabilities beyond protection and aesthetics. Introduction of advanced technologies in smart coatings such as self-healing and self-cleaning are being utilized by the end users to provide coating options to their customers. Application of nanotechnology-based coatings is expected to reduce the cost of the coating solution, improve damage or scratch resistance, gives aid to anti-fogging, flame retardance and protect coloring, hence boosting the growth of smart coating market.

The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Smart Coatings market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Smart Coatings business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.

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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Smart Coatings in the coatings and paints are driving the market. The increasing usage of bio-based Smart Coatings will also supplement Smart Coatings market revenue share through 2027

Further key findings from the report suggest

Changing lifestyle is making consumers demand new types of paintings that make a product durable and also create a striking impression on the consumers.

Single-Laser holds a market share of 53% in the year 2018 with an annual growth rate of 17.9% throughout the forecast period.

Self-Cleaning sub-segment occupies the largest market share in 2018 and is forecasted to hold a market share of 20% in the year 2026 with the highest annual growth rate throughout the forecast period.

Anti-Microbial holds a market share of 16% in the year 2018 and is forecasted to have an annual growth rate of 19.1% throughout the forecast period.

Nanotechnology and nanomaterial are the concepts that are being harnessed in correlation with smart coatings to open up new opportunities for manufacturers to tap into.

Competitive Terrain:

The global Smart Coatings market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Smart Coatings market are listed below:

3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, Dow Corning Corporation, Sherwin-Williams, RPM International, and NEI Corporation among others.

Layers Outlook (Revenue, USD Billion; 2018-2026)

Single-Layer, Multi-Layer

Function Outlook (Revenue, USD Billion; 2018-2026)

Anti-Microbial, Anti-Corrosion, Anti-Fouling, Anti-Icing, Self-Cleaning, Self-Healing

Sensing Type Outlook (Revenue, USD Billion; 2018-2026)

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

End Users Outlook (Revenue, USD Billion; 2018-2026)

Automotive & Transportation, Marine, Building & Construction, Aerospace & Defense, Electronics, Medical, IT Technologies, Agriculture, Household

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Key Takeaways from the Global Smart Coatings Market report:

The global Smart Coatings market report entails a broad product segmentation.

It methodically evaluates the overall product expanse of this business space.

The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.

The report provides the reader with a generic summary of the application gamut of the global Smart Coatings market.

The report further details the market share and product demand for each application segment.

The study estimates the growth rate of each application segment over the projected timeframe.

Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Smart Coatings Market Segmentation & Impact Analysis

Chapter 5. Smart Coatings Market, By Type Insights & Trends

Chapter 6. Smart Coatings Market, By Application Insights & Trends

Chapter 7. Smart Coatings Market, By End Use Insights & Trends

Chapter 8. Smart Coatings Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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