Growing At A CAGR Of Over 23%, Smart Coatings Market Is Projected To Reach USD 6.29 Billion By 2023 | TechSci Research

Global Smart Coatings Market is projected to reach USD 6.29 Billion by 2023, at a CAGR of over 23% in value terms during 2018-2023. The major factors contributing in the growth of the market are new emerging technologies & innovations, rapid uptake in the automotive industry and increasing infrastructure development activities globally. Based on end-use segment, the market has been categorized as Automotive & Transportation, Aerospace & Defense, Marine, Building & Construction and Others. In 2017, the automotive & transportation segment dominated the market due to growing automobile production & sales and growing demand for automobiles globally. Based on region, APAC region in 2017, dominated the market due to growing demand for smart coatings in automotive & transportation and building & construction sector and the region is expected to maintain its dominance over the next five years as well.

Years considered for this report:

  • Historical Years: 2013-2016
  • Base Year: 2017
  • Estimated Year: 2018
  • Forecast Period: 2018–2023

Objective of the Study:

  • To analyse and forecast the market size of Smart Coatings, in terms of value and volume.
  • To classify and forecast Global Smart Coatings based on layer, function, end-user industry and regional distribution.
  • To identify drivers and challenges for Global Smart Coatings.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Smart Coatings.
  • To conduct the pricing analysis for Smart Coatings.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Smart Coatings.

Some of the leading players in the Global Smart Coatings market are PPG Industries, 3M, Hempel, Jotun, DOW Corning Corporation, RPM International, Akzonobel, Axalta Coating Systems, Sherwin-Williams, NEI Corporation etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Smart Coatings using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

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Key Target Audience:

  • Smart Coatings Manufacturers
  • Suppliers
  • Raw Material Suppliers
  • Dealers/Distributors
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Smart Coatings market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Layer:
    • Single-Layer
    • Multi-Layer
  • Market, By Function:
    • Anti-Microbial
    • Anti-Fouling
    • Anti-Corrosion
    • Self-Cleaning
    • Self-Healing
    • Others
  •  Market, By End-Use Industry:
    • Automotive & Transportation
    • Aerospace & Défense
    • Marine
    • Building & Construction
    • Others
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Smart Coatings.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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