Market Research Future Published Study Research Report “Global Smart Coating Market Scope, Stake, Progress, Trends and Forecast up to 2025
Consistent Demand from Key End-Use Industries Initiate Growth within Global Smart Coating Market
Smart Coating Market Overview:
Smart coatings refer to a niche coating segment which possess advanced functionalities and exhibit properties on reaction with the external environment. The global smart coatings market has picked up pace in the recent years, and Market Research Future (MRFR) has deemed the global smart coating market to exhibit a moderate compound annual growth rate over the forecast period which ends in 2025.
Smart coatings are used for application in numerous use cases due to various superior properties associated with them such as anti-corrosion, self-healing, anti-microbial, and fire-protection to name the basics. Smart coatings find usage in various industry verticals for a wide range of purpose. Key end-use industries are increasingly becoming reliant on smart coatings for fulfilling their respective specialized needs and towering demand from end-use industries can be credited to the growth of the global smart coatings market.
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The automotive industry is a major key end user of the global smart coatings market. They help in the protection of various automotive components and find particular use in the protection of high-end vehicles. Smart coatings find niche application in the healthcare sector. They are increasingly percolating in operating rooms and in medical devices such as a catheter and other devices. They protect against infections and also prohibit the formation of blood clots.
New advances in material science have facilitated the incorporation of additional functionalities which has broadened the suitability range of smart coatings for a myriad of applications. Furthermore, the use of nanotechnology and nanomaterial in smart coatings has augmented the growth of the market.
Industry/ Innovation/ Related News:
September 2018- An antimicrobial admixture for concrete protection- MasterLife AMA 100 was launched by BASF to prevent the concrete structures from degradation of microorganisms. The deterioration from sewage water, bacteria and microorganisms will be prevented by the application of this product. Moreover, it improves the aesthetic and maintain the lifecycle of the structures. BASF MasterLife AMA 100 is utilized by mixing it in the batch process and becomes an important part of the concrete structure.
Smart Coating Market Segmentation:
The global smart coatings market has been segmented based on product and application.
By product, the global smart coatings market has been segmented into single-layer and multi-layer.
By application, the global smart coating market has been segmented into automotive, aerospace & defense, construction, electronics, healthcare, and others.
Smart Coating Market Competitive Landscape:
The notable players operating in the global smart coating market include Dow Corning Corporation (U.S.), Ancatt Inc. (U.S.), PPG Industries, Inc (U.S.), Axalta Coating Systems, LLC (U.S), Akzo Nobel N.V. (the Netherlands), BASF SE (Germany), Autonomic Materials, Inc (U.S.), 3M (U.S.), The Dow Chemical Company (U.S.), and DuPont (U.S.).
Smart Coating Market Regional Analysis:
By region, the global smart coatings market has been segmented into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
APAC is the largest market for smart coatings driven by rapid industrialization in the region which generates high demand for smart coatings. The flourishing automotive and construction industry, in particular, bodes well for the growth of the market. China and India are key contributors to the APAC market. Furthermore, Japan conducts various world events which have led to large-scale infrastructural development in the region and induces greater demand for smart coatings.
North America is a significant market for smart coatings, the majority of the demand coming from the US, Canada, and Mexico. The North America market is spurred by innovation and progress made in the field of nanotechnology. The Europe smart coatings market growth is expected to be stagnated by stringent rules and regulations imposed by the government on environmental safety.
Smart Coating Market Table Of Contents to be Continue…….,
Browse key industry insights spread across 105 pages with 47 market data tables & 12 figures & charts from the report, “Smart Coatings Market Information: by Product (Single Layer, Multi-Layer), Function (Anti-Corrosion, Anti-Icing, Anti-Fouling, Anti-Microbial, Self-Cleaning, Self-Healing), Application (Automotive, Aerospace & Defense, Construction, Consumer Electronics, Healthcare), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- Growth Potential, Price Trends, Competitive Market Share & Forecast, 2025” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/smart-coating-market-2254
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