Global Smart Coatings Market (2018-2026) Expected to Grow at a CAGR of 20.5% - Rising Application in Different End-Use Industries - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The “Global Smart Coatings Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026” report has been added to ResearchAndMarkets.com’s offering. The global Smart Coatings market was valued at US$ 2,257.5 million in 2017, and is expected to show a CAGR of 20.5% from 2018 to 2026. Smart coatings are custom prepared to meet the varying demand from end-use industries such as automotive & transportation, construction, consumer electronics, aerospace & defense, marine, etc. Their ability to respond quickly to external stimuli and rising application in different end-use industries owing to their outstanding features are the key factors driving the market. Although, the smart coating is the niche market, however, improved products demand from customers has catapulted its demand. Smart coatings are gaining traction with the advent of new technologies such as nanotechnology, conductive materials, micro-encapsulation, self-healing and self-assembling systems, further enhancing their functionalities. These technologies are enabling coatings to deliver added performance beyond aesthetics and protection. Constant R&D by the leading players have resulted in the development of lightweight and eco-friendly smart coatings, thereby further boosting the market. However, slow mass adoption due to the high cost of these multifunctional coating may act as a restraining factor for Smart Coatings market. Automotive & transportation was the leading end-use industry in terms of volume consumption in 2017. This is attributed to rising application of smart coatings in the exterior application in the automotive industry owing to advanced properties such as anti-corrosion, self-cleaning, and self-healing. By type, anti-corrosion coatings accounted for the largest market share in 2017, owing to its wide acceptance in the two major end-use industries; automotive & transportation and construction across the globe. Furthermore, the rapid expansion of applications of smart coatings in end-use industries such as textile, healthcare, energy, etc. has resulted in the growth of the Smart Coatings market in this region. Key Topics Covered Chapter 1. Preface Chapter 2. Executive Summary Chapter 3. Market Overview Chapter 4. Global Smart Coatings Market, by Coating Type, 2016-2026 (Kilo Ton, US$ Mn) Chapter 5. Global Smart Coatings Market, by End-use Industry, 2016-2026 (Kilo Ton, US$ Mn) Chapter 6. Global Smart Coatings Market, by Geography, 2016-2026 (Kilo Ton, US$ Mn) Chapter 7. Company Profiles3M The Sherwin-Williams Company (US) RPM International Axalta Coatings Systems Hempel A/S Jotun A/S NEI Corporation PPG Industries Dow Corning Akzonobel N.V.
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Related Topics:Paints and Coatings
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 06/13/2018 06:58 AM/DISC: 06/13/2018 06:58 AM