Global Market Research Report on Smart Coating Market 2017 is a professional and in-depth complete study on the current state of the Smart Coating worldwide.
Deerfield Beach, FL -- (SBWIRE) -- 08/01/2017 -- The global Smart Coating end user application market is segmented into Medical Fields, Military applications, IT Technologies, Aerospace, Food & Packaging, Agriculture, Automotive, Architectural, Industrial, Household, Cosmetic & Personal Care and Apparel. This would be well accepted in Military & Medical field and also in other applications where quality and performances matter and not price. End users are always willing to pay premium price for functionality such as scratch resistance, and water & heat resistance coatings. Due to these benefits, smart coating is widely accepted in modern world. Materials that have capabilities to change their properties according to external environmental stimuli such as temperature, electric field, etc., are known as smart coating materials. These days, smart coating is gaining popularity in commercial application segment as it is used for protective as well as for decorative purposes. Smart coating has many competitive advantages in a wide variety of applications. It could be a coating that can indicate damage on an aero engine or oil and gas platform or even in a composite being used to save weight on an aircraft. In addition, it could be a barrier coating for a packaging film application and also be transparent and moisture ingress. Due to unique characteristics of this material, it is being adopted in various application segments such as military, aerospace, hospitals, automobiles, etc. This is a major driving force that is leading the manufacturers to invest in smart coating materials. Due to such advance applications of the smart coating materials, consumers are also willing to pay premium prices for smart coated products. Smart coating material increases the weight of the final products and impacts aesthetics of the final product.
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The global smart coating market is segmented into Asia Pacific, North America, Europe and rest of the world. Though smart coating has great demand in Europe, the manufactures are suffering from negative biological and environmental issues such as 'greenness'. This restricts manufactures from bulk production of coating materials. Due to some of the popular world events such as Dubai's world expo trade convention, FIFA world cup in Qatar and massive infrastructural development plan of UAE, the demand for smart coating would increases in Asian regions. Smart coating market is the emerging field of global coating market. This market is facing challenges due to its high cost and environmental issues. This factor is strategically dealt in the analysis and more emphasis is given towards its commercial application and unique characteristics. Due to such characteristics, it's gaining tremendous popularity in Military, Hospital, Aerospace and Automobiles industry. Presently "greenness" is considered as a very important factor along with consistency, quality and superiority. These factors prevent the new entrants from entering the market. Due to the cost competitiveness of bio-based materials, suppliers' bargaining power is higher. Due to rapid industrial growth of smart coating, intensity of rivalry is very less. Availability of enough substitutes against smart coating increases buyers bargaining power. The value chain analysis for global smart coating market is systematically done in this study
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MARKET BY PRODUCT (SENSING TYPES):
Electric or Magnetic Fields
MARKET BY END USER APPLICATIONS:
Cosmetic & Personal Care
MARKET BY GEOGRAPHY