Global Smart Coatings Market by Function, Layer, End-user Industry and Geography - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The “Global Smart Coatings Market - Segmented by Function, Layer, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.The global smart coatings market is expected to register a significant growth rate during the forecast period.This growth can be attributed to the rise in automotive production in regions, like Asia-Pacific and Europe, coupled with the superior properties associated with smart coatings.
Rise in Automotive Production in Asia-Pacific - Boosting the MarketThe countries like China, India, the Philippines, and Vietnam, are turning out to be the potential markets for demand and supply of automobiles, where many automotive manufacturers are placing their manufacturing and assembly plants. This can be attributed to the availability of labor at low costs, raw material prices, and rising urban population in Asia-Pacific.Major car manufacturers, such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia, have either set up their automotive manufacturing facilities or are planning to start new facilities in Asia-Pacific in the near future. This factor supports the usage of smart coatings in the automotive industry to a major extent.With the increasing automotive production, the high demand for anti-corrosion coatings from the automotive industry, especially for the protection of body parts, such as door closures, lock parts, exhausts, suspensions, engine components, and clamps & hose connections, against abrasion, is majorly driving the smart coatings market.Major HighlightsThe Healthcare Sector to Grow RapidlyChina - The Largest Consumer of Smart Coatings
Notable Market DevelopmentsThe Sherwin-Williams Company acquired The Valspar Corporation. Under the terms of the merger agreement, Valspar shareholders was about to receive USD 113 per share in cash.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles3MAkzoNobel N.V.Axalta Coating SystemsDowDuPontHempelJotunNEI CorporationPPG IndustriesRPM International Inc.The Sherwin-Williams Company
For more information about this report visit https://www.researchandmarkets.com/research/ns4fpp/global_smart?w=4
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Related Topics:Paints and Coatings
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/07/2018 07:49 AM/DISC: 09/07/2018 07:49 AM