Smart Coatings Market Size, DROT, Porter’s, PEST, Region & Country Revenue Analysis & Forecast Till 2026 www.reportsanddata.com
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 microencapsulation, as they give coatings the capabilities beyond protection and aesthetics.
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The growth in smart coatings market is due to the rising application scope in end-user industries such as construction, automotive, aerospace, and others. Market Size – USD 2.18 Billion in 2018, Market Growth - CAGR of 18.2%, Market Trends – Rising demand for automotive.
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-Layer 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. By Sensing Type, Light segment is forecasted to generate a revenue of USD 1.34 Billion in the year 2026 with an annual growth rate of 18.2% throughout the forecast period. Automotive & Transportation holds a market share of 14% in the year 2018 and is forecasted to grow at a CAGR of 19.2% throughout the forecast period. Marine is forecasted to generate a revenue of USD 1.14 Billion in the year 2026 with an annual growth rate of 16.9% throughout the forecast period. North America has a market share of 25% in the year 2018 and is forecasted to have an annual growth rate of 18.8% throughout the forecast period. Key participants include 3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, Dow Corning Corporation, Sherwin-Williams, RPM International, and NEI Corporation among others.
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Market Summary
Market Summary
Function Outlook (Revenue, USD Billion; 2018-2026) Anti-Microbial Anti-Corrosion Anti-Fouling Anti-Icing Self-Cleaning Self-Healing
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Layers Outlook (Revenue, USD Billion; 2018-2026) Single-Layer Multi-Layer
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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Market Summary
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