Global Smart Coatings Market - Segmented by Function, Layer, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4542936
  • Report
  • Region: Global
  • 125 pages
  • Mordor Intelligence
1 of 4

FEATURED COMPANIES

  • 3M
  • Akzo Nobel NV
  • Axalta Coating Systems
  • DowDuPont
  • Hempel
  • Jotun
  • MORE
The global smart coatings market is expected to register a significant growth rate during the forecast period. This growth can be attributed to the rise in automotive production in regions, like Asia-Pacific and Europe, coupled with the superior properties associated with smart coatings. Smart or intelligent coatings are being preferred widely, with the emergence of new technologies that enhance their functionalities. Some such technologies include nanotechnology, conductive materials, micro-encapsulation, self-healing, and self-assembling systems, as they expand the capabilities of coatings well beyond aesthetics and protection.

Rise in Automotive Production in Asia-Pacific Boosting the Market

The countries, like China, India, the Philippines, and Vietnam, are turning out to be the potential markets for demand and supply of automobiles, where many automotive manufacturers are placing their manufacturing and assembly plants. This can be attributed to the availability of labor at low costs, raw material prices, and rising urban population in Asia-Pacific. Major car manufacturers, such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia, have either set up their automotive manufacturing facilities or are planning to start new facilities in Asia-Pacific in the near future. This factor supports the usage of smart coatings in the automotive industry to a major extent. With the increasing automotive production, the high demand for anti-corrosion coatings from the automotive industry, especially for the protection of body parts, such as door closures, lock parts, exhausts, suspensions, engine components, and clamps & hose connections, against abrasion, is majorly driving the smart coatings market.

The Healthcare Sector to Grow Rapidly

Smart coatings are being customized to form a toxic or non-toxic barrier for detrimental microorganisms. This factor has increased the adoption rate of smart coatings as antimicrobial agents in medical applications. Moreover, the triggering mechanism in smart coatings to turn on a specific functionality can be exploited, in order to develop efficient drug-delivery systems. The United States has the largest share in the global healthcare market, moreover, the rapid growth of the US medical industry is expected to augment the demand for smart coatings.

China the Largest Consumer of Smart Coatings

In terms of revenue, China was estimated to be the largest market for smart coatings in Asia-Pacific in 2017. Factors, like growth in the automotive industry in 2017, with a 3.2% rise in the automotive production over 2016, along with the growing electronic operations in the country, has contributed to the growth of the smart coatings market in this country.

Notable Developments

November 2017: The Sherwin-Williams Company acquired The Valspar Corporation. Under the terms of the merger agreement, Valspar shareholders was about to receive USD 113 per share in cash.

Major Players: Sherwin-Williams, PPG Industries Inc., AkzoNobel NV, and Jotun, among others.

Reason to Purchase the Report

The impact of various product type on the market

Various perspectives of the market with the help of Porter’s five forces analysis

The dominating product type and end-user industry in the market
  • Countries expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

3 months analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

This report can be customized to meet your requirements. Please contact us for more information.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • 3M
  • Akzo Nobel NV
  • Axalta Coating Systems
  • DowDuPont
  • Hempel
  • Jotun
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry

4. Market Dynamics
4.1 Drivers
4.1.1 Rise of Automotive Production in Asia-Pacific and Europe
4.1.2 Superior Properties of Smart Coatings
4.2 Restraints
4.2.1 High Cost of Smart Coatings
4.2.2 Other Restraints
4.3 Opportunities

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Function
5.1.1 Anti-fouling
5.1.2 Anti-microbial
5.1.3 Anti-corrosion
5.1.4 Anti-icing
5.1.5 Self-cleaning
5.1.6 Others
5.2 By Layer
5.2.1 Single-layer
5.2.2 Multi-layer
5.3 By End-user Industry
5.3.1 Construction
5.3.2 Automotive
5.3.3 Electronics
5.3.4 Transportation
5.3.5 Healthcare
5.3.6 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Australia & New Zealand
6.1.7 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 France
6.3.4 Italy
6.3.5 Russia Federation
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 3M
8.2 Akzo Nobel NV
8.3 Axalta Coating Systems
8.4 DowDuPont
8.5 Hempel
8.6 Jotun
8.7 NEI Corporation
8.8 PPG Industries
8.9 RPM International Inc.
8.10 The Sherwin-Williams Company

*List not exhaustive

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • 3M
  • Akzo Nobel NV
  • Axalta Coating Systems
  • DowDuPont
  • Hempel
  • Jotun
  • NEI Corporation
  • PPG Industries
  • RPM International Inc.
  • The Sherwin-Williams Company
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll