Smart Coatings Market - Global Forecast to 2022

Dublin, March 23, 2018 -- The "Smart Coatings Market by Function, Layer, End-Use and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering

The smart coatings market is estimated at USD 2.15 billion in 2017 and is projected to reach USD 6.27 billion by 2022, at a CAGR of 23.87% from 2017 to 2022.

The growth of the market is driven by the increasing demand of many applications from end-use industries, such as automotive & transportation, aerospace & defense, marine, and building & construction mostly from the APAC region. But concerns regarding the impact on health due to prolonged exposure to smart coatings is restraining the smart coatings market growth.

Smart coatings are used in various end-use industries, such as automotive & transportation, aerospace & defense, marine, and building & construction. However, automotive & transportation is the market's most dominant end-use industry, driven by the huge demand for smart coatings for the protection of body hardware, door closures, lock parts, exhausts, suspensions, engine components, and clamps & hose connections against abrasion.

APAC is estimated to account for the largest share of the smart coatings market in 2017, in terms of volume and value. The market in this region is also projected to register the highest CAGR between 2017 and 2022, in terms of value. The APAC smart coatings market is driven by high economic growth and heavy investments in industries such as automotive & transportation, marine, and building & construction. Population growth, industrialization, and rise in the purchasing power of consumers (which leads to high sales of automotive vehicles) have led to growth in the manufacturing of smart coatings in this region.

Market Dynamics

Drivers

• Growing Demand From End-Use Industries
• Superior Properties of Smart Coatings

Restraints

• Environmental Regulations

Opportunities

• Increasing Demand for Products Requiring Low Maintenance

Challenges

• Low Durability in Extreme Weather Conditions

The key companies profiled in this report include:

• AkzoNobel (Netherlands)
• PPG Industries (US)
• Axalta Coatings Systems (US)
• The Sherwin-Williams Company (US)
• Jotun A/S (Norway)
• RPM International (US)
• Hempel A/S (Denmark)
• NEI Corporation (US)
  

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Smart Coatings Market, By Layer

7 Smart Coatings Market, By Function

8 Smart Coatings Market, By End-Use Industry

9 Smart Coatings Market, By Region

10 Competitive Landscape

11 Company Profiles

• 3M
• Additional Companies
• Akzonobel
• Ancatt
• Axalta Coating Systems
• CG2 Nanocoatings
• DOW Corning Corporation
• Greenkote
• Helicity Technologies
• Hempel
• Hygratek
• Jotun
• NEI Corporation
• Nanoshell Company
• PPG Industries
• RPM International
• Royal Dsm
• Sherwin-Williams
• Tesla Nanocoatings

For more information about this report visit https://www.researchandmarkets.com/research/86whqw/smart_coatings?w=12

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         Related Topics: Paints and Coatings