The Smart Coatings Market is projected to witness a compound annual growth rate of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2016. Major driving factors behind the growth of the global smart coating demand is high implementation in various sectors such as, military and defence, automobile, electrical and electronics, and others owing to rise in demand for customization including smart self-repair, artificial intelligence, and sensing capabilities.
The global smart coating demand is foreseen to rise aided by higher adoption of smart coatings in various sectors due to easier customization to meet customer demands, competitive advantages over traditional coating in various applications. The application of smart coating in aero engines, and oil and gas platforms is rising due to its capability to indicate damages on various platforms. Smart coating is applied to reduce the overall weight of an aircraft. Smart coating demand will rise in both industrial and domestic verticals are these products are gaining popularity due to their chemical and weather resistant qualities. Whereas, several factors such as high costs of raw materials, and unfavourable environmental regulations.
Firstly, the report provides brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentation which have been covered as part of the report.
Next, section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides global and regional regulations which are determining the market growth and industry value chain analysis of the smart coatings market. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
The major players discussed in this report include DuPont, 3M Company, PPG Industries, Inc., BASF SE, Eastman Chemical co., Nippon Steel Trading Co., Ltd., AnCatt, Inc., Nanoshell, and Frontiers Inc. among many others.
In the report, Smart Coatings Market has been segmented by sensing type, application, and geography:
By Sensing Type
Middle East and Africa (MEA)
Asia Pacific (APAC)
Key questions answered by the report
What will be the smart coatings market size from 2017 to 2022?
How are the major drivers and restraints affecting the smart coatings market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth