LONDON--(BUSINESS WIRE)--The global smart coating market size is expected to grow by USD 30.28 billion during 2020-2024, progressing at a CAGR of almost 53% during the forecast period.
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The advantages of smart coatings is one of the major factors propelling market growth.
The use of smart coatings has significantly increased across industries, especially in electronics and construction, because of its several beneficial features. For instance, smart coatings have a self-healing mechanism, which addresses both environmental and functionality objectives. Furthermore, their self-assembling ability, toward polymers and nanoparticles, has made them popular in the electronic industry, especially in the semiconductor fabrication process. On the other hand, in the construction industry, smart coatings have become a crucial material owing to their anti-fouling and anti-corrosion properties. Therefore, the advantageous features of smart coatings will increase their sales, contributing to the smart coating market growth.
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Global Smart Coating Market: End-user Landscape
In the construction industry, paints and coating play a crucial role in enhancing the aesthetics of a constructed structure. One of the popular smart coatings used in the industry is the epoxy-based polyaniline (PANI)-graphene oxide nanosheet (GON) coating, which has anti-corrosion and anti-fouling properties. As the global construction industry is expected to record significant growth over the coming years, the smart coating market growth should also be substantial over the forecast period. The smart coating market growth by the construction segment is expected to be faster compared with the automotive and marine market segments over the forecast period.
Global Smart Coating Market: Geographic Landscape
APAC was the largest market for smart coating in 2019. The region is expected to record a fast growth rate during the forecast period. The growing presence of end-users such as construction, automotive, and electronics industries is significantly driving the smart coating market share in APAC. The increasing government initiatives and foreign investments are also driving the market growth in the region. Over 49% of the overall market’s growth will originate from APAC during the forecast period. China and India are the key markets for smart coatings in the region. The market growth rate in this region will be faster than that of other geographies during the forecast period.
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Companies Covered
- 3M Co.
- Akzo Nobel NV
- Axalta Coating Systems Ltd.
- BASF SE
- Eastman Chemical Co.
- Hempel AS
- Jotun AS
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
-
The Sherwin-Williams Co.
What our reports offer:
- Market share assessments for the regional and country-level segments
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- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Smart Coating Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in smart coating market growth during the next five years
- Estimation of the smart coating market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart coating market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart coating market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Construction - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Marine - Market size and forecast 2019-2024
- Aviation - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Expansion of plant capacities and new distribution
- centers for smart coatings
- Growth in number of M&A activities
- Growing technological advances in self-healing smart coatings
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- 3M Co.
- Akzo Nobel NV
- Axalta Coating Systems Ltd.
- BASF SE
- Eastman Chemical Co.
- Hempel AS
- Jotun AS
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- The Sherwin-Williams Co.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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