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: ...