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Smart Coatings Market Will Increment at an Exuberant CAGR of 29.8% Till 2025 - TMR

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News provided by

Transparency Market Research

24 Jun, 2019, 11:30 GMT

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ALBANY, New York, June 24, 2019 /PRNewswire/ -- The dynamic of the global smart coatings market has been nothing short of frenetic, given the vast scope of commercialization in recent years. Transparency Market Research (TMR) observes that coating manufacturers over the past few years have put considerable bets on smart coatings to net marked revenues from mainstream coating markets. Several players in this increasingly competitive and fairly fragmented global smart coatings market have committed their research efforts and money on developing multi-functional coatings that are notably characterized by higher intrinsic functionalities.

TMR notes that key players are relentlessly expanding their offerings and focusing on product innovations to garner competitive gains in the global smart coatings market. Additionally, they are expected to engage in mergers and acquisitions to consolidate their product portfolio. In the coming few years span, increasing the versatility of coatings might attract new entrants and established incumbent player alike in the global smart coatings market.

Request a Sample of Global Smart Coatings Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11186

Some of the well-entrenched players seeking higher stakes in the global smart coatings market are Sherwin-Williams Company, AkzoNobel, The Dow Chemical Co., BASF SE, Bayer AG, DuPont, and 3M.

With several growth drivers and the rising potential, the global smart coatings market is projected to clock a spectacular CAGR of 29.8% during 2017–2025. The market stood at US$1.1 bn and the valuation is expected to climb to US$9.82 bn by 2025.

Among the various applications in the smart coatings market, dominant share of revenues have come from the military sector in 2016. Further growth driver for this is fueled by sweeping use of smart coatings in wide range of surface protection applications in the sector, notably in abrasion and corrosion resistance. 

Of the various regions, Asia Pacific might garner a sizable share in the global smart coatings market by the end of the forecast period. Prospects there are propelled by rapidly rising demand from the building and construction industries. 

To obtain all-inclusive information on forecast analysis of global market, request a PDF brochure here.

Self-healing and Anti-corrosion Characteristics Attract Extensive Interest in Smart Coatings Manufacturers

Responsive materials in smart coatings have generated considerable interest in numerous industries due to the unique combination of chemical, physical, and mechanical properties. Industries more notably consumer electronics, building and construction, and automotive have been leveraging these attributes of smart coatings in applications that call for self-cleaning, self-healing, and anti-corrosion capability. The smart coatings market has been witnessing sizable revenue gains from the demand for smart coatings that can prevent corrosion in alloys and metals.

Advances in self-healing properties of smart coatings have imparted a solid momentum to the expansion of the market in recent years. A range of smart coating compositions have come to the fore to drive their potential in new industrial applications.

The commercial viability in automobile applications is notable and may push the smart coatings market on a high growth trajectories in near future. Research into developing environmentally safe coatings for various end-use industries has attracted billions of dollars in developed regions, especially in Europe and North America.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Smart Coatings Market here

Technological Advances Bolster Potential in Practical Industrial Applications

Despite the promising potential, commercialization of smart coatings has been relatively slow than the mainstream coating markets. A key aspect behind this the lack of widespread practical applicability. Nonetheless, several businesses in end-use industries in key markets have been successful in making commercial applications of smart, multi-functional coatings. Factors most likely to pave way to innovations in smart coating systems focus on making these coatings more responsive, durable, easy to repair, and the ease of applications. Further, the advent of new encapsulation technologies has opened new product functionality in the smart coatings market. Moreover, research on encapsulation has enabled a few end-use industry to improve the timely release of active components to substrates.

New avenues in the smart coatings market will also come from the commercialization of these coatings in electronics and automotive industries. Growing demand for high-performance protection coatings in sensors and cameras is a notable case in point. Another instance is the fact that self-healing properties of smart coatings holds great promise in consumer electronics.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=11186

The study presented here is based on a report by Transparency Market Research (TMR) titled "Smart Coatings Market (Product Type - Self-cleaning, Self-healing, Anti-corrosion, Anti-microbial, and Self-dimming; Application - Building and Construction, Automotive, Electronics, Military, and Medical) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025".

The global smart coatings market is segmented based on:

Product Type

  • Self-healing
  • Self-cleaning
  • Anti-microbial
  • Anti-corrosion
  • Self-dimming
  • Others

Application

  • Building & Construction
  • Automotive
  • Electronics
  • Military
  • Medical
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

  • Automotive Refinish Coatings Market: https://www.transparencymarketresearch.com/automotive-refinish-coatings-market-2018-2026.html
  • Polyurea Coatings Market: https://www.transparencymarketresearch.com/polyurea-coatings-market.html
  • Solar Panel Coatings Market: https://www.transparencymarketresearch.com/solar-panel-coatings-market.html
  • Conformal Coatings Market for PCBs: https://www.transparencymarketresearch.com/conformal-coatings-pcbs-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact:
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com 
Research Blog: http://www.europlat.org/ 

LOGO: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg

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