SAN FRANCISCO, July 20, 2016 /PRNewswire/ --
The global smart coating market is expected to reach USD 11,676.0 million by 2024, according to a new report by Grand View Research, Inc. The smart coating market is expected to witness a significant growth over the forecasted period owing to the rising demand from key end-user segments including military, aerospace, automotive, and healthcare.
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Growing application scope in end-use industries is attributed to superior properties including self-healing, self-cleaning and antimicrobial properties. In Aerospace sector, smart coating have the ability to indicate damage on an aero engine; be used in the composite form to reduce weight of aircrafts; and so on. In addition to the aforementioned industries, the application of the compound in consumer electronics offers high growth potential for the coming years.
Growing use of the product in military owing to rising demand for customization including smart self-repair, artificial intelligence, and sensing capabilities is expected to propel growth. The other key end-user segments include construction, healthcare, marine, and so on. The concerns of bio-fouling, microbial attacks, and so on are addressed by the compound in the marine segment. Furthermore, the product helps mitigate maintenance challenges in aerospace industry which is a key driver promoting demand.
Browse full research report with TOC on "Smart Coating Market Analysis By Product (Single-layer, Multilayer), By Application (Automotive, Aerospace, Construction, Consumer Electronics, Military, Healthcare) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/smart-coating-market
Further key findings from the report suggest:
Request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/smart-coating-market/request
Grand View Research has segmented the global smart coating market on the basis of product, application, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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