
Global Smart Coatings Fact
Description
Global Smart Coatings Fact
According to Tanalyze Ltd., the global smart coatings market is expected to witness a compound annual growth rate (CAGR) of 17.7% (in value terms) during the forecast period, reaching a projected value of USD 16,670 million by 2029. Smart coatings encompass various functionalities, including color-shifting, water repellency, corrosion resistance, and electrical and tribological properties. These coatings are crafted from programmable materials with diverse chemical, mechanical, physical, and electrical attributes, enabling them to sense and react to external stimuli and environmental factors.
The report analyzes the segmentation of the global smart coatings market by product type for the forecast period. Key product type segments include anticorrosion, self-healing, superhydrophobic, antimicrobial, and others. The anticorrosion segment has demonstrated significant growth and is projected to reach USD 5,451 million by 2029, reflecting a CAGR of 19.1% during the forecast period (2024-2029). Anticorrosion coatings are designed to prevent or repair substrate corrosion at an early stage without using environmentally harmful inhibitors, such as chromium [Cr (VI)]. This category includes coatings with encapsulated corrosion inhibitors and chemically modified hybrid and organic matrices.
The report also examines the global smart coatings market size across various end-user segments, including construction, automotive and transportation, aerospace, defense, healthcare, and others for the indicated period. Within the construction segment, the market size has exhibited impressive growth. Projections indicate a continued upward trajectory, with the construction segment's market size expected to reach USD 5,180 million by 2029, representing a CAGR of 18.1% during the forecast period from 2024 to 2029. Smart coatings are extensively utilized within the building and construction industry due to their capacity to reduce maintenance costs and downtime for buildings and industrial machinery. These coatings play a vital role in extending the lifespan of concrete structures and enhancing overall durability and safety. The growth of the construction sector, fueled by infrastructure development and urbanization, is a key driver behind the increasing demand for smart coatings.
Geographically, Asia-Pacific emerged as the dominant player in the smart coatings market in 2023, followed closely by North America and Europe. North America boasts a well-developed smart coatings market with numerous market participants, including NEI Corporation, LiquiGlide, Encore Coatings, Aculon, NeverWet, DryWired, Ultratech International, and Cytonix. This robust presence underscores North America's significant share in various smart coatings segments. Europe's smart coatings market is currently experiencing early-stage growth, with numerous research organizations and universities actively engaged in smart coatings research. The market's trajectory is fueled by rising demand across various end industries, indicating promising growth prospects.
Prominent vendors shaping the competitive dynamics of the market include 3M Company, The Dow Chemical Company, RPM International Inc., BASF SE, PPG Industries Inc., The Sherwin-Williams Company, Axalta Coating Systems Ltd., AkzoNobel N.V., Jotun A/S, Hempel A/S, Aculon, Inc., Nanex Company, NEI Corporation, NTT Advanced Technology Corporation, and Surfactis Technologies SAS, among others.
This study aims to analyze the global market for various segments of smart coatings, including:
Product Type: Anticorrosion, Self-healing, Superhydrophobic, Antimicrobial, and Others.
Layer: Multi-layer and Single layer.
End-User: Construction, Automotive and Transportation, Aerospace, Defense, Healthcare, and Others.
Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA).
Table of Contents
118 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- Layer
- End-User
- Region
- Research Methodology
- Part 3. Smart Coatings Market Overview
- Summary
- Introduction
- Benefits of Smart Coatings
- Technology
- Market Composition and Key Participants in the Smart Coatings Industry
- Part 4. Market Dynamics
- Growth Drivers
- Restraints and Challenges
- Opportunities
- Part 5. Global Smart Coatings Market by Product Type
- Anticorrosion
- Self-healing
- Superhydrophobic
- Antimicrobial
- Others
- Part 6. Global Smart Coatings Market by Layer
- Multi-layer
- Single layer
- Part 7. Global Smart Coatings Market by End-User
- Construction
- Automotive and Transportation
- Aerospace
- Defense
- Healthcare
- Others
- Part 8. Global Smart Coatings Market by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
- Part 9. Smart Coatings Market Competitive Analysis
- Global Smart Coatings Market Competition Overview
- 3M Company
- Business Overview
- Contact Information
- BASF SE
- Business Overview
- Contact Information
- PPG Industries, Inc.
- Business Overview
- Contact Information
- The Sherwin-Williams Company
- Business Overview
- Contact Information
- The Dow Chemical Company
- Business Overview
- Contact Information
- RPM International Inc.
- Business Overview
- Contact Information
- Axalta Coating Systems Ltd.
- Business Overview
- Contact Information
- AkzoNobel N.V.
- Business Overview
- Contact Information
- Jotun A/S
- Business Overview
- Contact Information
- Hempel A/S
- Business Overview
- Contact Information
- Other Leading Competitors
- Part 10. Smart Coatings Market Outlook
- Disclaimer
- FIGURES AND TABLES
- Global Smart Coatings Market, Net Growth, 2020-2029 (USD Million)
- Global Smart Coatings Market by Product Type, 2020-2029 (USD Million)
- Global Smart Coatings Market Share (%), by Product Type, 2023/
- Global Smart Coatings Market by Product Type, CAGR Historic and Forecast, 2020-
- Global Smart Coatings Market for Anticorrosion: 2020-2029 (USD Million)
- Global Smart Coatings Market for Self-healing: 2020-2029 (USD Million)
- Global Smart Coatings Market for Superhydrophobic: 2020-2029 (USD Million)
- Global Smart Coatings Market for Antimicrobial: 2020-2029 (USD Million)
- Global Smart Coatings Market for Others Product Type: 2020-2029 (USD Million)
- Global Smart Coatings Market by Layer, 2020-2029 (USD Million)
- Global Smart Coatings Market Share (%), by Layer, 2023/
- Global Smart Coatings Market by Layer, CAGR Historic and Forecast, 2020-
- Global Smart Coatings Market Multi-layer: 2020-2029 (USD Million)
- Global Smart Coatings Market for Single layer: 2020-2029 (USD Million)
- Global Smart Coatings Market by End-User, 2020-2029 (USD Million)
- Global Smart Coatings Market Share (%), by End-User, 2023/
- Global Smart Coatings Market by End-User, CAGR Historic and Forecast, 2020-
- Global Smart Coatings Market for Construction: 2020-2029 (USD Million)
- Global Smart Coatings Market for Automotive and Transportation: 2020-2029 (USD Million)
- Global Smart Coatings Market for Aerospace: 2020-2029 (USD Million)
- Global Smart Coatings Market for Defense: 2020-2029 (USD Million)
- Global Smart Coatings Market for Healthcare: 2020-2029 (USD Million)
- Global Smart Coatings Market for Others End-User: 2020-2029 (USD Million)
- Global Smart Coatings Market Share (%), by Region,
- Global Smart Coatings Market by Region, 2020-2029 (USD Million)
- Global Smart Coatings Market Share (%), by Region, 2023/
- Global Smart Coatings Market by Region, CAGR Historic and Forecast, 2020-
- North America Smart Coatings Market: 2020-2029 (USD Million)
- Europe Smart Coatings Market: 2020-2029 (USD Million)
- Asia Pacific Smart Coatings Market: 2020-2029 (USD Million)
- Latin America Smart Coatings Market: 2020-2029 (USD Million)
- Middle East and Africa (MEA) Smart Coatings Market: 2020-2029 (USD Million)
- 3M Company Financial Overview (USD Million), 2019-
- 3M Company Revenue, by Segment,
- 3M Company Revenue, by Region,
- BASF SE Financial Overview (EUR Million), 2019-
- BASF SE Revenue, by Segment,
- BASF SE Revenue, by Region,
- PPG Industries, Inc. Financial Overview (USD Million), 2019-
- PPG Industries, Inc. Revenue, by Segment,
- PPG Industries, Inc. Revenue, by Region,
- The Sherwin-Williams Company Financial Overview (USD Million), 2019-
- The Sherwin-Williams Company Revenue, by Segment,
- The Dow Chemical Company Financial Overview (USD Million), 2019-
- The Dow Chemical Company Revenue, by Segment,
- The Dow Chemical Company Revenue, by Region,
- RPM International Inc. Financial Overview (USD Million), 2019-
- RPM International Inc. Revenue, by Segment,
- RPM International Inc. Revenue, by Region,
- Axalta Coating Systems Ltd. Financial Overview (USD Million), 2019-
- Axalta Coating Systems Ltd. Revenue, by Segment,
- Axalta Coating Systems Ltd. Revenue, by Region,
- AkzoNobel N.V. Financial Overview (EUR Million), 2019-
- AkzoNobel N.V. Revenue, by Segment,
- AkzoNobel N.V. Revenue, by Region,
- Jotun A/S Financial Overview (NOK Million), 2019-
- Jotun A/S Revenue, by Segment,
- Jotun A/S Revenue, by Region,
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