Global Smart Coatings Market 2021-2028

MARKET OUTLOOK

The global smart coatings market is expected to develop with a CAGR of 24.03% during the forecast years from 2021 to 2028.

Smart coatings have several advantages over traditional coatings. This has increased their demand and is majorly driving the market growth. Further, the rise in the demand for these coatings from the construction sector is another factor adding to the market growth.

On the other hand, stringent regulations for environmental protection and the high cost of smart coatings are obstructing the growth of this industry. However, the increasing preference for smart coatings compared to its alternative is creating lucrative opportunities for growth in the smart coatings market. Besides, players in this market are engaging in mergers and acquisitions with other companies to leverage the growth opportunities.

REGIONAL OUTLOOK

Latin America, the Asia-Pacific, the Middle East and Africa, Europe, and North America together shape the global market for smart coatings.

The market in the Asia-Pacific is expected to grow the fastest globally, over the coming years. The region has become a hub for foreign investments and also has a booming manufacturing sector, mainly because of the availability of low-cost labor and easily accessible raw materials. This has significantly influenced the demand for smart coatings.

Further, there is a rise in the demand for these coatings, owing to the growth in the automotive & transportation, aerospace & defense, marine, building & construction, and electrical & electronics industries. All these factors are driving the studied market growth in the APAC.

COMPETITIVE OUTLOOK

Some of the major players engaged in the smart coatings market include BASF SE, Tesla NanoCoatings Inc, Jotun AS, Eastman Chemical Company, 3M Company, AkzoNobel NV, Royal DSM NV, The Sherwin Williams Company, NEI Corporation, Ancatt Inc, Dow Chemical Company, EI Du Pont De Nemours & Company, Nippon Steel Corporation, PPG Industries Inc, Hempel AS, and Axalta Coating System.

3M Company (3M) is a globally renowned diversified technology company. It is engaged in manufacturing and marketing a broad range of innovative products, including adhesives, tapes, filtration products, medical & surgical supplies, transportation safety products, dental & orthodontic products, packaging & interconnection devices, skin health & infection prevention products, home care products, touch screen & touch monitors, and consumer & office tapes and adhesives.

3M distributes its products directly to users and through several wholesalers, retailers, jobbers, distributors, and dealers. The company has a diversified revenue stream in terms of business lines and geographies. It operates 80 manufacturing facilities in the United States, and has 125 manufacturing & converting facilities in 37 nations outside the US.

1. Global Smart Coatings Market - Summary

2. Industry Outlook
2.1. Impact of Covid-19 on the Smart Coatings Industry
2.2. Key Insights
2.2.1. Asia-Pacific is Anticipated to Be the Fastest-Growing Regional Market
2.2.2. Demand from Various Industries
2.2.3. Advancements in Self-Healing Smart Coatings
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Impact Analysis
2.6.1. Raw Materials
2.6.2. Price
2.6.3. Quality
2.7. Key Market Strategies
2.7.1. Acquisitions
2.7.2. Product Launches
2.7.3. Contracts & Partnerships
2.7.4. Business Expansions & Divestitures
2.8. Market Drivers
2.8.1. Advantages of Smart Coatings in Comparison to Traditional Coatings
2.8.2. Rise in Demand from the Construction Sector
2.9. Market Challenges
2.9.1. Stringent Regulations for Environmental Protection
2.9.2. Higher Cost of Smart Coatings
2.10. Market Opportunities
2.10.1. A Shift Towards Smart Coatings from Their Alternative
2.10.2. Growing Mergers and Acquisitions in the Smart Coatings Market

3. Global Smart Coatings Market Outlook - by Type of Layer
3.1. Single-Layer
3.2. Multi-Layer

4. Global Smart Coatings Market Outlook - by Application
4.1. Building & Construction
4.2. Automotive
4.3. Marine
4.4. Aerospace & Defence
4.5. Other Applications

5. Global Smart Coatings Market Outlook - by Coating Type
5.1. Anti-Microbial
5.2. Anti-Corrosion
5.3. Anti-Fouling
5.4. Anti-Icing
5.5. Self-Cleaning
5.6. Self-Healing
5.7. Other Coating Types

6. Global Smart Coatings Market - Regional Outlook
6.1. North America
6.1.1. Market by Type of Layer
6.1.2. Market by Application
6.1.3. Market by Coating Type
6.1.4. Country Analysis
6.1.4.1. United States
6.1.4.2. Canada
6.2. Europe
6.2.1. Market by Type of Layer
6.2.2. Market by Application
6.2.3. Market by Coating Type
6.2.4. Country Analysis
6.2.4.1. United Kingdom
6.2.4.2. Germany
6.2.4.3. France
6.2.4.4. Spain
6.2.4.5. Italy
6.2.4.6. Russia
6.2.4.7. Rest of Europe
6.3. Asia-Pacific
6.3.1. Market by Type of Layer
6.3.2. Market by Application
6.3.3. Market by Coating Type
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.2. Japan
6.3.4.3. India
6.3.4.4. South Korea
6.3.4.5. Asean Countries
6.3.4.6. Australia & New Zealand
6.3.4.7. Rest of Asia-Pacific
6.4. Latin America
6.4.1. Market by Type of Layer
6.4.2. Market by Application
6.4.3. Market by Coating Type
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.2. Mexico
6.4.4.3. Rest of Latin America
6.5. Middle East and Africa
6.5.1. Market by Type of Layer
6.5.2. Market by Application
6.5.3. Market by Coating Type
6.5.4. Country Analysis
6.5.4.1. United Arab Emirates
6.5.4.2. Saudi Arabia
6.5.4.3. Turkey
6.5.4.4. South Africa
6.5.4.5. Rest of Middle East & Africa

7. Competitive Landscape
7.1. 3M Company
7.2. Akzonobel Nv
7.3. Ancatt Inc
7.4. Axalta Coating System
7.5. Basf Se
7.6. Eastman Chemical Company
7.7. Ei Du Pont De Nemours & Company
7.8. Hempel As
7.9. Jotun As
7.10. Nei Corporation
7.11. Nippon Steel Corporation
7.12. Ppg Industries Inc
7.13. Royal Dsm Nv
7.14. Tesla Nanocoatings Inc
7.15. Dow Chemical Company
7.16. The Sherwin Williams Company

8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research MethodologyTable List
Table 1: Global Smart Coatings Market, by Geography, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Global Smart Coatings Market, by Type of Layer, 2021-2028 (In $ Million)
Table 4: Global Smart Coatings Market, by Application, 2021-2028 (In $ Million)
Table 5: Global Smart Coatings Market, by Coating Type, 2021-2028 (In $ Million)
Table 6: Global Smart Coatings Market, by Geography, 2021-2028 (In $ Million)
Table 7: North America Smart Coatings Market, by Country, 2021-2028 (In $ Million)
Table 8: North America Smart Coatings Market, by Type of Layer, 2021-2028 (In $ Million)
Table 9: North America Smart Coatings Market, by Application, 2021-2028 (In $ Million)
Table 10: North America Smart Coatings Market, by Coating Type, 2021-2028 (In $ Million)
Table 11: Europe Smart Coatings Market, by Country, 2021-2028 (In $ Million)
Table 12: Europe Smart Coatings Market, by Type of Layer, 2021-2028 (In $ Million)
Table 13: Europe Smart Coatings Market, by Application, 2021-2028 (In $ Million)
Table 14: Europe Smart Coatings Market, by Coating Type, 2021-2028 (In $ Million)
Table 15: Asia-Pacific Smart Coatings Market, by Country, 2021-2028 (In $ Million)
Table 16: Asia-Pacific Smart Coatings Market, by Type of Layer, 2021-2028 (In $ Million)
Table 17: Asia-Pacific Smart Coatings Market, by Application, 2021-2028 (In $ Million)
Table 18: Asia-Pacific Smart Coatings Market, by Coating Type, 2021-2028 (In $ Million)
Table 19: Latin America Smart Coatings Market, by Country, 2021-2028 (In $ Million)
Table 20: Latin America Smart Coatings Market, by Type of Layer, 2021-2028 (In $ Million)
Table 21: Latin America Smart Coatings Market, by Application, 2021-2028 (In $ Million)
Table 22: Latin America Smart Coatings Market, by Coating Type, 2021-2028 (In $ Million)
Table 23: Middle East and Africa Smart Coatings Market, by Country, 2021-2028 (In $ Million)
Table 24: Middle East and Africa Smart Coatings Market, by Type of Layer, 2021-2028 (In $ Million)
Table 25: Middle East and Africa Smart Coatings Market, by Application, 2021-2028 (In $ Million)
Table 26: Middle East and Africa Smart Coatings Market, by Coating Type, 2021-2028 (In $ Million)

Figure List
Figure 1: Market Attractiveness Index
Figure 2: Key Impact Analysis
Figure 3: Global Smart Coatings Market, by Type of Layer, 2020 & 2028 (In %)
Figure 4: Global Smart Coatings Market, by Single-Layer, 2021-2028 (In $ Million)
Figure 5: Global Smart Coatings Market, by Multi-Layer, 2021-2028 (In $ Million)
Figure 6: Global Smart Coatings Market, by Application, 2020 & 2028 (In %)
Figure 7: Global Smart Coatings Market, by Building & Construction, 2021-2028 (In $ Million)
Figure 8: Global Smart Coatings Market, by Automotive, 2021-2028 (In $ Million)
Figure 9: Global Smart Coatings Market, by Marine, 2021-2028 (In $ Million)
Figure 10: Global Smart Coatings Market, by Aerospace & Defence, 2021-2028 (In $ Million)
Figure 11: Global Smart Coatings Market, by Other Applications, 2021-2028 (In $ Million)
Figure 12: Global Smart Coatings Market, by Coating Type, 2020 & 2028 (In %)
Figure 13: Global Smart Coatings Market, by Anti-Microbial, 2021-2028 (In $ Million)
Figure 14: Global Smart Coatings Market, by Anti-Corrosion, 2021-2028 (In $ Million)
Figure 15: Global Smart Coatings Market, by Anti-Fouling, 2021-2028 (In $ Million)
Figure 16: Global Smart Coatings Market, by Anti-Icing, 2021-2028 (In $ Million)
Figure 17: Global Smart Coatings Market, by Self-Cleaning, 2021-2028 (In $ Million)
Figure 18: Global Smart Coatings Market, by Self-Healing, 2021-2028 (In $ Million)
Figure 19: Global Smart Coatings Market, by Other Coating Types, 2021-2028 (In $ Million)
Figure 20: Global Smart Coatings Market, Regional Outlook, 2020 & 2028 (In %)
Figure 21: United States Smart Coatings Market 2021-2028 (In $ Million)
Figure 22: Canada Smart Coatings Market 2021-2028 (In $ Million)
Figure 23: United Kingdom Smart Coatings Market 2021-2028 (In $ Million)
Figure 24: Germany Smart Coatings Market 2021-2028 (In $ Million)
Figure 25: France Smart Coatings Market 2021-2028 (In $ Million)
Figure 26: Spain Smart Coatings Market 2021-2028 (In $ Million)
Figure 27: Italy Smart Coatings Market 2021-2028 (In $ Million)
Figure 28: Russia Smart Coatings Market 2021-2028 (In $ Million)
Figure 29: Rest of Europe Smart Coatings Market 2021-2028 (In $ Million)
Figure 30: China Smart Coatings Market 2021-2028 (In $ Million)
Figure 31: Japan Smart Coatings Market 2021-2028 (In $ Million)
Figure 32: India Smart Coatings Market 2021-2028 (In $ Million)
Figure 33: South Korea Smart Coatings Market 2021-2028 (In $ Million)
Figure 34: Asean Countries Smart Coatings Market 2021-2028 (In $ Million)
Figure 35: Australia & New Zealand Smart Coatings Market 2021-2028 (In $ Million)
Figure 36: Rest of Asia-Pacific Smart Coatings Market 2021-2028 (In $ Million)
Figure 37: Brazil Smart Coatings Market 2021-2028 (In $ Million)
Figure 38: Mexico Smart Coatings Market 2021-2028 (In $ Million)
Figure 39: Rest of Latin America Smart Coatings Market 2021-2028 (In $ Million)
Figure 40: United Arab Emirates Smart Coatings Market 2021-2028 (In $ Million)
Figure 41: Saudi Arabia Smart Coatings Market 2021-2028 (In $ Million)
Figure 42: Turkey Smart Coatings Market 2021-2028 (In $ Million)
Figure 43: South Africa Smart Coatings Market 2021-2028 (In $ Million)
Figure 44: Rest of Middle East & Africa Smart Coatings Market 2021-2028 (In $ Million)